Magnachip Reports Results for Third Quarter 2026
Business Wire•04/11/2026•16:01 ET
0
Key Highlights
- ➤Q3 revenue $44.0 million, within guidance but down 4.3% year-over-year
- ➤Q3 gross margin 14.0%, below 17.0%-19.0% guidance range
- ➤Q4 revenue guidance $41.0 million-$45.0 million, midpoint down 2.2% sequentially
- ➤Q4 gross margin guidance 10%-12%, pressured by fab shutdown and Korean Won appreciation
- ➤Navitas Semiconductor made a $5 million strategic equity investment in Magnachip
Expert Statements
Chae Lee, Chief Executive Officer of Magnachip
“While headwinds to our near-term financial performance remain, I am encouraged by the progress we are making in transforming Magnachip. We have significantly accelerated new-generation product development, established a clear roadmap for differentiated solutions, and strengthened our strategic partnership with Navitas Semiconductor. Our objective is to move beyond competing primarily on price to delivering innovative power semiconductor solutions that address increasingly complex customer requirements. Although this transformation will take time, I believe we are building the foundation for stronger competitive positioning, sustainable growth and improved profitability.”
Shinyoung Park, Chief Financial Officer of Magnachip
“Third quarter revenue was within our guidance range, although gross profit margin was below our expectations, primarily due to unfavorable foreign exchange movements. Looking at next quarter, despite headwinds on legacy products, foreign exchange volatility and the impact of the recently completed electrical substation upgrade, we remain focused on managing costs and maintaining the financial flexibility necessary to support our strategic transformation. With approximately $87 million in cash at quarter-end, we believe we are well-positioned to continue investing selectively in the technologies and products that will drive our long-term competitiveness.”
* Consolidated revenue from continuing operations (which includes Power Analog Solutions (“PAS”) and Power IC (“PIC”) businesses) was $44.0 million, within the guidance range of $41.5 million to $45.5 million.
* Consolidated gross profit margin from continuing operations of 14.0% was below the guidance range of 17.0% to 19.0%, primarily due to unfavorable foreign exchange movements.
Get started
Create a free account to read the full story.