---
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"
generated_at: "2026-06-03T00:08:53.014275+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Magnachip Q1 revenue $49.1M; GAAP net loss $15.4M; reiterates FY double-digit growth in MSS and PAS

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-129408
- JSON: https://secwatch.observer/filing/0001193125-24-129408.json
- Plain text: https://secwatch.observer/filing/0001193125-24-129408.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2024
  - Revenue: $49.1 million
  - Net income: $(15,417)
  - EPS: $(0.40) per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1325702/000119312524129408/0001193125-24-129408-index.htm

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