{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-204990","form_type":"8-K","ticker":"MX","cik":"0001325702","company_name":"MAGNACHIP SEMICONDUCTOR Corp","filed_at":"2023-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.567354+00:00","generated_at":"2026-06-12T03:52:38.370730+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Magnachip Q2 revenue $61.0M (down 39.8% YoY); announces $50M stock buyback","bullets":["Revenue $61.0M, down 39.8% YoY but up 7% sequentially; GAAP diluted loss $0.09, adjusted loss $0.06.","Gross margin 22.2%, up 100 bps QoQ from higher Gumi Fab utilization.","Ended Q2 with $173M cash, no debt; completed $25.5M buyback in the quarter.","Board authorized a new $50M stock buyback program.","Power Solutions revenue $41.7M (+2.6% QoQ) on Industrial/Auto; Display Solutions down 65.9% YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-204990","json":"https://secwatch.observer/filing/0001193125-23-204990.json","markdown":"https://secwatch.observer/filing/0001193125-23-204990.md","text":"https://secwatch.observer/filing/0001193125-23-204990.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1325702/000119312523204990/0001193125-23-204990-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1325702/000119312523204990/d482998d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T03:52:38.370730+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6bd57ff089d6ef49eda6c150f4f79d527181399c","claim":"MAGNACHIP SEMICONDUCTOR Corp reported the second quarter ended June 30, 2023 results: revenue $61.0 million, net income (3,947 ), EPS $(0.09).","evidence_excerpt":"in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Magnachip Reports Results for Second Quarter 2023 Announces New $50 Million Stock Buyback Program • Revenue of $61.0 million was in-line with guidance (vs $60.5M mid-point) and was down 39.8% YoY and up 7% sequentially. • Gross profit margin was 22.2%, up 100 basis points from Q1. The sequential","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1325702/000119312523204990/0001193125-23-204990-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$61.0 million"},{"label":"Net income","value":"(3,947 )"},{"label":"EPS","value":"$(0.09)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}