secwatch.observer — SEC 8-K summary
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Issuer:     MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK:        0001325702
Form:       8-K
Filed at:   2026-07-29T20:30:16+00:00
Accession:  0001193125-26-323843
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnachip Q2 revenue $44.7M, gross margin 19.3% above guidance; appoints new CEO, partners with Navitas
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- Revenue $44.7M, down 6.1% YoY; within guidance of $44.5-$48.5M.
- GAAP gross margin 19.3% above guidance high end of 19.0%; operating loss $9.98M.
- GAAP diluted EPS -$0.21; non-GAAP adjusted diluted EPS -$0.13.
- Appointed Chae Lee as CEO; formed strategic partnership with Navitas Semiconductor to license SiC technology.
- Launched 6th-generation 600V SJ MOSFETs for AI servers and EV charging.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325702/000119312526323843/0001193125-26-323843-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325702/000119312526323843/mx-20260729.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-323843

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