---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-189938"
form_type: "8-K"
ticker: "MX"
cik: "0001325702"
company_name: "MAGNACHIP SEMICONDUCTOR Corp"
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:17:59.980279+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Magnachip Q2 revenue $53.2M beats guidance; gross margin 21.8% above high end

## Summary
- Q2 revenue $53.2M, above mid-point of $49-54M guidance; gross margin 21.8% exceeded upper end of 17-19%.
- Standard Products revenue up 11.6% sequentially to $50.8M, driven by Power, OLED, and Power IC.
- GAAP net loss $13.0M ($0.34/share); adjusted net loss $8.1M ($0.21/share).
- Cash and short-term investments $162.5M; repurchased ~0.5M shares for $2.3M during Q2.
- Expects Standard Products revenue to increase sequentially in Q3 on higher Power, OLED, and Power IC demand.

## SEC filing metadata
- accession: 0001193125-24-189938
- form_type: 8-K
- ticker: MX
- cik: 0001325702
- company_name: MAGNACHIP SEMICONDUCTOR Corp
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1325702/000119312524189938/0001193125-24-189938-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325702/000119312524189938/d848921d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-189938
- JSON: https://secwatch.observer/filing/0001193125-24-189938.json
- Plain text: https://secwatch.observer/filing/0001193125-24-189938.txt

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