secwatch.observer — SEC 8-K summary
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Issuer:     MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK:        0001325702
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001193125-23-041145
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnachip Q4 revenue $61M, down 44.7% YoY; full-year loss $0.18 diluted EPS
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- Q4 revenue $61.0M (near high-end of guidance) but down 44.7% YoY due to 28nm OLED wafer shortages and weak Android demand.
- Full-year revenue $337.7M, down 28.8% YoY; GAAP diluted loss per share $0.18; non-GAAP diluted EPS $0.19.
- Display Solutions segment Q4 revenue $7.6M, down 81.7% YoY; Power Solutions up 1.2% for full year.
- Gross profit margin Q4 26.4% (within guidance), full year 30.0% down 240bps due to inventory reserves.
- Management expects Display revenue recovery in H2 2023 as four design-in projects ramp.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325702/000119312523041145/0001193125-23-041145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325702/000119312523041145/d644573d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-041145

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