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EarningsQ2 2026 Earnings Report
MX Q2 2026 EPS Results
Actual EPS-$0.13
Consensus EPS-$0.22
Beat/MissBeat by +$0.09
One Year Ago EPS-$0.08
MX Q2 2026 Revenue Results
Actual Revenue$44.87M
Expected Revenue$46.50M
Beat/MissMissed by -$1.63M
YoY Revenue Growth-2.29%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
MX Upcoming Earnings
MagnaChip's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced near-term financial weakness with strategic, long-term initiatives. Financials showed declining revenue (down 6.1% YoY and 3.3% sequentially), wider adjusted operating losses ($7.0M) and negative EBITDA (negative $4.2M), and guidance points to further sequential declines. Offsetting these headwinds are important positive developments: new CEO leadership, a strategic Navitas partnership to accelerate entry into high-voltage SiC markets, continued R&D investment (R&D up to $7.9M) with a roadmap of 55 new-generation products in 2026, early traction for higher-margin new products, and added financial flexibility via a $50M ATM program. Overall, the company is in transition — current results are weak but management has clear strategic initiatives that could improve longer-term prospects.Company Guidance
New Leadership and Strategic Focus
Appointment of Chae Lee as CEO with deep power semiconductor experience; management is focused on repositioning Magnachip as a pure-play power semiconductor company and accelerating differentiated product strategy.
Partnership to Accelerate Silicon Carbide (SiC) Entry
Announced strategic licensing partnership with Navitas Semiconductor to access GeneSiC Gen4/Gen5 technologies and silicon carbide supply chain, enabling a capital-efficient path into high-voltage and ultra-high-voltage SiC markets and planned manufacturing in Magnachip's Korea fab.
Revenue Within Guidance
Q2 consolidated revenue of $44.7 million, which was within the guidance range of $44.5 million to $48.5 million.
Sequential Gross Margin Improvement and Beat vs Guidance
Consolidated gross profit margin improved sequentially to 19.3% in Q2, exceeding the high end of guidance (17%–19%), driven in part by a one-quarter lag benefit from higher utilization in Q1.
Investment in R&D and Product Roadmap Progress
R&D increased to $7.9 million in Q2 (up from $6.5 million YoY), reflecting continued investment in new-generation product development; company remains on track to deliver 55 new-generation products in 2026.
Early Traction for New-Generation Products
Management reported initial strength and higher margins from recently introduced new-generation products and expects new-generation products to contribute at least 10% of revenue in Q4 2026 versus approximately 2% for full-year 2025.
Liquidity and Financial Flexibility
Ended Q2 with $87.9 million in cash and established a $50 million at-the-market (ATM) offering program to provide additional financial flexibility.
MX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed