---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-050734"
form_type: "8-K"
ticker: "MX"
cik: "0001325702"
company_name: "MAGNACHIP SEMICONDUCTOR Corp"
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:24:45.777106+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Magnachip Q4 revenue $50.8M, net loss $6.0M; FY2023 revenue down 31.9%

## Summary
- Q4 revenue $50.8M near low-end of guidance; GAAP net loss $6.0M (diluted EPS -$0.16) vs. net income $3.0M a year ago.
- Full-year revenue $230.1M (-31.9% YoY); GAAP operating loss $57.6M vs. -$5.2M in 2022.
- Display Solutions revenue $32.1M in 2023, down 55.0% YoY; Power Solutions down 29.0% to $163.6M.
- Ended Q4 with $158.1M cash and no debt; repurchased $8.2M of stock in Q4.
- Guides FY2024 consolidated revenue flat to slightly up; expects double-digit growth in MSS and PAS individually.

## SEC filing metadata
- accession: 0001193125-24-050734
- form_type: 8-K
- ticker: MX
- cik: 0001325702
- company_name: MAGNACHIP SEMICONDUCTOR Corp
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325702/000119312524050734/0001193125-24-050734-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325702/000119312524050734/d757428d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-050734
- JSON: https://secwatch.observer/filing/0001193125-24-050734.json
- Plain text: https://secwatch.observer/filing/0001193125-24-050734.txt

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