secwatch.observer — SEC 8-K summary
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Issuer:     MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK:        0001325702
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001193125-24-247606
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnachip Q3 revenue $66.5M at high-end guidance; net loss $9.6M, standard products up 25.9% QoQ
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- Q3 consolidated revenue $66.5M, at high-end of guidance ($61.5-66.5M), up 25% QoQ and 8.5% YoY.
- GAAP net loss $9.6M ($0.26 diluted EPS loss); adjusted net loss $12.8M ($0.34 adjusted EPS loss).
- Standard Products revenue $64.0M, up 25.9% QoQ; MSS revenue up 54.5% YoY, PAS up 16.1% YoY.
- Ended Q3 with $121.1M cash; repurchased ~0.5M shares for $2.5M during the quarter.
- Guidance: Q4 standard product revenue to modestly decline sequentially; reiterate double-digit MSS and PAS growth for FY2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325702/000119312524247606/0001193125-24-247606-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325702/000119312524247606/d904804d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-247606

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