MagnaChip Semiconductor Corp
NYSE:MX
MagnaChip Semiconductor Corp
MagnaChip Semiconductor Corp. engages in the design and manufacture of analog and mixed-signal platform solutions for communications, Internet of Things (IoT) applications, consumer, industrial, and automotive applications. The company has a segment Standard Products Group. Standard Products Group includes Display Solutions and Power Solutions. Display Solutions products provide panel display solutions to major suppliers of large and small rigid and flexible panel displays, mobile, automotive applications and home appliances. Power Solutions products include discrete and integrated circuit solutions for power management in communications, consumer and industrial applications.
MagnaChip Semiconductor Corp. engages in the design and manufacture of analog and mixed-signal platform solutions for communications, Internet of Things (IoT) applications, consumer, industrial, and automotive applications. The company has a segment Standard Products Group. Standard Products Group includes Display Solutions and Power Solutions. Display Solutions products provide panel display solutions to major suppliers of large and small rigid and flexible panel displays, mobile, automotive applications and home appliances. Power Solutions products include discrete and integrated circuit solutions for power management in communications, consumer and industrial applications.
Revenue: Q4 revenue was $40.6 million, down 17% YoY and down 11.7% sequentially; full-year 2025 revenue was $178.9 million, down 3.7% YoY.
Margins: Q4 gross margin collapsed to 9.3% (full-year 17.6%) as pricing pressure on legacy products and a one-time $2.7 million sales incentive (560 bps hit) reduced profitability.
Guidance: Q1 2026 revenue guide $44.0M–$48.0M (midpoint up ~2.9% YoY, up 13.4% sequentially at midpoint) and gross margin guide 14%–16%.
Product push: Management accelerated R&D: 55 new-generation products launched in 2025 (44% launched in Q4) and plans for >40 new-generation products in 2026; expects new products to be ~10% of revenue by Q4 2026 (2% for full-year 2025).
Cost actions: Company exited the display business, executed workforce reductions and cost programs; SG&A and R&D combined operating expenses fell 35% in 2025 and the company expects >$2.0M of annualized SG&A savings starting in Q4 2025.
Balance sheet: Cash ended Q4 at $103.8M (down from $138.6M a year earlier); long-term borrowings $44.6M; 2025 CapEx $30M (net cash impact $13M after equipment loans).
Strategy / market focus: Management narrowed focus to specific end markets (automotive, industrial/motor control, solar/energy, server/data infrastructure, future robotics), is pursuing modules, Power ICs and a measured silicon carbide effort with partnerships considered.
