{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-129408","form_type":"8-K","ticker":"MX","cik":"0001325702","company_name":"MAGNACHIP SEMICONDUCTOR Corp","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.844312+00:00","generated_at":"2026-06-03T00:08:53.014275+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Magnachip Q1 revenue $49.1M; GAAP net loss $15.4M; reiterates FY double-digit growth in MSS and PAS","bullets":["Q1 consolidated revenue $49.1M (guidance $46-51M); GAAP diluted EPS -$0.40; non-GAAP adjusted EPS -$0.28.","Standard products revenue +10.6% QoQ; MSS +5.2%, PAS +12.0%; Transitional Fab3 down 63.4%.","New design wins: high-end smartphone OLED DDIC for China OEM and EV automotive OLED DDIC for European automaker.","Q1 gross margin 18.3% (down 4.4pp QoQ); cash $171.6M; repurchased $4.1M shares during quarter.","Expects Q2 sequential revenue growth in MSS and PAS; reaffirms full-year double-digit growth in both segments."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-129408","json":"https://secwatch.observer/filing/0001193125-24-129408.json","markdown":"https://secwatch.observer/filing/0001193125-24-129408.md","text":"https://secwatch.observer/filing/0001193125-24-129408.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1325702/000119312524129408/0001193125-24-129408-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1325702/000119312524129408/d835686d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:08:53.014275+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":"9bce227405a7798cd5d2d3c28ae3b59fcff2b5f7","claim":"MAGNACHIP SEMICONDUCTOR Corp reported first quarter ended March 31, 2024 results: revenue $49.1 million, net income $(15,417), EPS $(0.40) per diluted share. Guidance reaffirmed.","evidence_excerpt":"reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Magnachip Reports Results for First Quarter 2024 Financial Highlights • Q1 consolidated revenue was $49.1 million, within our guidance range of $46-51 million. • Q1 standard product business revenue was up 10.6% sequentially. • Q1 consolidated gross profit margin was 18.3%, within our","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1325702/000119312524129408/0001193125-24-129408-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$49.1 million"},{"label":"Net income","value":"$(15,417)"},{"label":"EPS","value":"$(0.40) per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"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"}