secwatch.observer — SEC 8-K summary
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Issuer:     MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK:        0001325702
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0001193125-25-052457
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnachip Q4 revenue beats guidance; pivots to pure-play Power, explores Display sale
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- Q4 revenue $63M, above guidance midpoint; gross margin 25.2%, above high end.
- GAAP net loss $16.3M ($0.44 diluted loss); adjusted net income $2.6M ($0.07 adjusted EPS).
- Full-year 2024 Standard Products revenue +13% YoY; Power IC revenue +50% YoY.
- Announced transition to pure-play Power company; exploring strategic options for Display business.
- Targets: adjusted EBITDA breakeven by Q4 2025; $300M revenue run-rate, 30% gross margin in 3 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325702/000119312525052457/0001193125-25-052457-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325702/000119312525052457/d877446d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-052457

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer