---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-269394"
form_type: "8-K"
ticker: "MX"
cik: "0001325702"
company_name: "MAGNACHIP SEMICONDUCTOR Corp"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:33:47.779357+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Magnachip Q3 2023 revenue $61.2M inline; GAAP loss $0.13/sh, cash $166.6M no debt

## Summary
- Revenue $61.2M in-line; GAAP diluted EPS -$0.13, non-GAAP -$0.04; operating loss $9.2M.
- Gross margin 23.6% up 140bp QoQ; Power Solutions revenue $45.2M (+8.4% QoQ, -19.9% YoY).
- Ended Q3 with $166.6M cash, zero debt; repurchased $5.4M stock during quarter.
- Internal separation of Display and Power businesses expected effective Jan 1, 2024.
- CEO expects soft demand from Q4 seasonality and inventory correction; maintains long-term OLED optimism.

## SEC filing metadata
- accession: 0001193125-23-269394
- form_type: 8-K
- ticker: MX
- cik: 0001325702
- company_name: MAGNACHIP SEMICONDUCTOR Corp
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325702/000119312523269394/0001193125-23-269394-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325702/000119312523269394/d557243d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-269394
- JSON: https://secwatch.observer/filing/0001193125-23-269394.json
- Plain text: https://secwatch.observer/filing/0001193125-23-269394.txt

## Key facts
- Earnings Releases
  MAGNACHIP SEMICONDUCTOR Corp reported the third quarter ended September 30, 2023 results: revenue $61.2 million, EPS GAAP diluted loss per share was $0.13.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $61.2 million
  - EPS: GAAP diluted loss per share was $0.13
  - Result: reported results
  source text: Magnachip Reports Results for Third Quarter 2023 • Revenue of $61.2 million was in-line with guidance. • Gross profit margin of 23.6% increased 140 basis points from Q2, mainly driven by higher fab utilization. • GAAP diluted loss per share was $0.13.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1325702/000119312523269394/0001193125-23-269394-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.