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Magnachip Semiconductor Corporation

MX

Magnachip Semiconductor Corporation • NYSE
$2.64 ▼ -0.38% (-0.01)
Market Cap $94.98 M
52w High $5.16
52w Low $2.18
Dividend Yield 0%
P/E -2.47
Volume 355.95K
Outstanding Shares 35.98M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $45.946M ▼ $19.15M ▲ $-13.09M ▼ -28.49% ▼ $-0.36 ▼ $-2.691M ▼
Q2-2025 $47.622M ▲ $17.15M ▲ $323K ▲ 0.678% ▲ $0.01 ▲ $8.14M ▲
Q1-2025 $44.722M ▼ $15.65M ▼ $-8.878M ▲ -19.852% ▲ $-0.24 ▲ $-1.761M ▲
Q4-2024 $63.039M ▼ $31.63M ▲ $-16.277M ▼ -25.821% ▼ $-0.44 ▼ $-22.519M ▼
Q3-2024 $66.46M $26.464M $-9.617M -14.47% $-0.26 $139K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $108.005M ▼ $359.606M ▼ $104.257M ▲ $255.349M ▼
Q2-2025 $113.326M ▼ $370.531M ▼ $100.369M ▼ $270.162M ▲
Q1-2025 $132.654M ▼ $373.867M ▼ $104.666M ▲ $269.201M ▼
Q4-2024 $138.61M ▼ $379.316M ▼ $102.519M ▼ $276.797M ▼
Q3-2024 $151.095M $411.355M $111.782M $299.573M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-10.609M ▼ $143.683K ▲ $-5.425M ▲ $3.232M ▼ $-5.321M ▲ $-7.665M ▲
Q2-2025 $323K ▲ $-25.132M ▼ $-7.323M ▼ $4.094M ▲ $-19.328M ▼ $-37.029M ▼
Q1-2025 $-8.878M ▲ $-4.669M ▼ $-389K ▼ $-1.455M ▲ $-5.956M ▼ $-4.94M ▼
Q4-2024 $-16.277M ▼ $11.856M ▲ $23.725M ▲ $-3.534M ▼ $17.515M ▲ $4.431M ▲
Q3-2024 $-9.617M $-12.905M $-2.269M $-2.802M $-11.372M $-15.599M

Revenue by Products

Product Q1-2024Q2-2024Q3-2024Q4-2024
Fab Three Foundry Services
Fab Three Foundry Services
 $0 ▲$0 ▲$0 ▲$10.00M ▲
Standard Products Business
Standard Products Business
 $50.00M ▲$50.00M ▲$60.00M ▲$110.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been trending down from its peak a few years ago, and profit margins have compressed meaningfully. The business moved from modest profitability in 2020–2021 to consistent operating losses in the last three years. This reflects both softer demand and the impact of its strategic pivot away from the old display business toward power semiconductors. The result is a company that is still in transition: revenues are smaller, costs are high relative to sales, and earnings remain negative as the new focus areas have not yet scaled enough to offset legacy declines.

Balance Sheet

Balance Sheet The balance sheet is relatively conservative. Cash still represents a sizable portion of total assets, and debt is very limited, so financial leverage is low. However, both total assets and equity have gradually declined, showing that losses and spending are slowly eroding the company’s capital base. Magnachip has a cushion to support its transition, but it is not unlimited; prolonged losses would continue to chip away at that buffer over time.

Cash Flow

Cash Flow Cash generation is weak and inconsistent. Operating cash flow has hovered around breakeven in recent years, slipping slightly negative most recently. After accounting for ongoing, though moderate, investment in equipment and facilities, free cash flow is generally negative outside of one strong year during the prior upcycle. In practice, this means the company is funding its strategy mainly from its existing cash reserves rather than from internally generated cash, which raises the importance of returning to steady positive cash flow over the next phase of its pivot.

Competitive Edge

Competitive Edge Magnachip is repositioning itself as a specialist in power semiconductors rather than a broad display-chip supplier. Its strengths include deep expertise in power devices, an in-house manufacturing facility in Korea, a meaningful patent portfolio, and long-standing relationships with major electronics makers. The partnership with Hyundai Mobis gives it a promising foothold in electric vehicles and automotive-grade power components. At the same time, it operates in a fiercely competitive market against much larger global players, with cyclical demand and pricing pressure. Its competitive edge rests on niche focus, process know‑how, and tailored solutions, rather than on sheer scale.

Innovation and R&D

Innovation and R&D The company is leaning heavily on innovation to drive its turnaround. It is rolling out new generations of MOSFETs and IGBTs with better efficiency, smaller sizes, and advanced packaging for thermal and electrical performance, targeting uses in EVs, solar inverters, AI-enabled consumer devices, and industrial equipment. The roadmap includes a rapid increase in the number of new product launches and a push into higher-value automotive, industrial, and AI applications. This creates meaningful growth optionality, but success depends on product qualification cycles, customer adoption, and Magnachip’s ability to ramp manufacturing efficiently while keeping costs under control.

Summary

Magnachip today is a work-in-progress: financially pressured but strategically active. The income statement shows shrinking sales and recurring losses, while the balance sheet and cash still provide some breathing room to execute its transformation. Cash flow is not yet supporting the strategy, so the company is drawing on its reserves. Competitively, it is narrowing its focus to power semiconductors, where it has real technical and manufacturing strengths, plus partnerships that could open doors in EVs and renewables. The key uncertainty is execution: whether new products, especially in automotive, industrial, and AI-linked markets, can scale fast enough and at attractive margins to restore growth, rebuild profitability, and stabilize cash generation over the coming years.

NEWS

November 3, 2025 · 4:10 PM UTC

Magnachip to Expand Its Industrial IGBT Business Based on Advanced Traction Inverter IGBT Technology Jointly Developed in Strategic Partnership with Hyundai Mobis

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November 3, 2025 · 4:05 PM UTC

Magnachip Reports Results for Third Quarter 2025

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October 29, 2025 · 6:55 AM UTC

Magnachip Launches 650V Super Junction TOLL Package Products with Integrated Kelvin Source

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October 21, 2025 · 4:05 PM UTC

Magnachip to Announce Third Quarter 2025 Financial Results on November 3, 2025

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