Magnachip Semiconductor Corporation
- Open
- 4.56
- Day high
- 4.67
- Day low
- 4.47
- Prev close
- 4.73
- Volume
- 353K
- Mkt cap
- $165M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.7
- P/S
- 0.9
- Yield
- —
- Per share
- —
Magnachip Semiconductor Corporation (MX) is a Technology company listed on NYSE. The stock is up 16% over the past year.
Magnachip Semiconductor Corporation (MX) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $-0.22 | $-0.11 | +50.0% | $46M | +0.5% |
| Mar 4, 2026 | $-0.32 | $-0.08 | +75.0% | $41M | +0.2% |
| Jul 31, 2025 | $-0.13 | $-0.08 | +38.5% | $48M | -12.1% |
| Mar 12, 2025 | $-0.22 | $0.07 | +131.8% | $63M | +41.7% |
| Oct 30, 2024 | $-0.19 | $-0.34 | -78.9% | $66M | +7.9% |
| Jul 31, 2024 | $-0.32 | $-0.21 | +34.4% | $54M | -95.4% |
| May 2, 2024 | $-0.33 | $-0.28 | +15.2% | $49M | -10.1% |
| Feb 28, 2024 | $-0.30 | $-0.21 | +30.0% | $45M | -14.6% |
| Nov 2, 2023 | $-0.19 | $-0.04 | +78.9% | $61M | -0.9% |
| May 3, 2023 | $-0.25 | $-0.24 | +4.0% | $57M | +0.0% |
| Feb 16, 2023 | $-0.25 | $-0.36 | -44.0% | $61M | +2.2% |
| Nov 2, 2022 | $0.01 | $0.02 | +135.3% | $71M | -1.6% |
MX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Mar 17, 2026 | NATHAN GILBERT Edirector | Buy | 21,994 | $2.87 |
| Mar 16, 2026 | NATHAN GILBERT Edirector | Buy | 13,006 | $2.79 |
| Mar 16, 2026 | NATHAN GILBERT Edirector | Buy | 25,000 | $2.75 |
| Feb 17, 2026 | Amoruso Cristianodirector | Grant | 28,628 | — |
| Feb 17, 2026 | Chung Kyo-Hwa Lizdirector | Grant | 2,946 | — |
| Feb 17, 2026 | NATHAN GILBERT Edirector | Grant | 1,478 | — |
| Jan 2, 2026 | Lee Seunghoonofficer: See Remarks | Tax | 2,778 | $2.55 |
| Jan 2, 2026 | Park Shin Youngofficer: See Remarks | Tax | 17,977 | $2.55 |
| Jan 2, 2026 | Lee Seunghoonofficer: See Remarks | Grant | 30,750 | — |
| Jan 2, 2026 | Park Shin Youngofficer: See Remarks | Tax | 6,121 | $2.55 |
| Jan 2, 2026 | Lee Seunghoonofficer: See Remarks | Grant | 15,375 | — |
| Jan 2, 2026 | Lee Seunghoonofficer: See Remarks | Tax | 4,761 | $2.55 |
| Jan 2, 2026 | Lee Seunghoonofficer: See Remarks | Grant | 7,000 | $2.55 |
| Jan 2, 2026 | Lee Seunghoonofficer: See Remarks | Tax | 3,333 | $2.55 |
| Jan 2, 2026 | Park Shin Youngofficer: See Remarks | Tax | 12,234 | $2.55 |
Source: MX SEC Form 4 filings, latest Mar 17, 2026. For informational purposes only — not investment advice.
See the full MX insider & 13F page →Magnachip Semiconductor Corporation company profile
Overview
Magnachip Semiconductor Corporation (NYSE:MX) is a Luxembourg-based semiconductor company founded in 2004 that designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions. Originally spun off from Hynix Semiconductor, the company went public in 2011 and has undergone significant strategic transformation in recent years. Magnachip operates through manufacturing facilities in South Korea and serves global markets including Asia Pacific, the United States, and Europe, focusing primarily on power semiconductor solutions and display driver integrated circuits.
Business
Magnachip operates in the semiconductor industry, specifically focusing on analog and mixed-signal semiconductor solutions. The company designs and manufactures specialized chips that manage power and drive displays across various electronic devices. Semiconductors are the fundamental building blocks of all electronic devices, acting as the "brains" that control electrical current flow and enable digital functionality. The company operates through two primary business segments. Power Analog Solutions (PAS) represents approximately 89% of current revenue and includes power management integrated circuits, MOSFETs (metal-oxide-semiconductor field-effect transistors), IGBTs (insulated-gate bipolar transistors), and various power conversion chips. These components are essential for managing electrical power in devices ranging from smartphones to electric vehicles, controlling how electricity flows and is converted between different voltage levels. Power IC and Mixed Signal Solutions (MSS) accounts for roughly 11% of revenue and focuses on display driver integrated circuits, particularly for OLED (organic light-emitting diode) displays. Display drivers are specialized chips that control individual pixels on screens, determining what images appear on displays in smartphones, televisions, automotive dashboards, and other visual interfaces. The company has been transitioning away from its legacy display business to focus primarily on power semiconductors, representing a strategic pivot toward higher-growth markets in automotive, industrial applications, and AI-enabled devices.
Revenue model
Magnachip generates revenue primarily through product sales of its semiconductor chips to original equipment manufacturers (OEMs), original design manufacturers (ODMs), and electronics manufacturing services companies. The company sells both standard catalog products and custom-designed solutions, with customers paying per unit based on chip specifications and order volumes. The business model centers on designing proprietary semiconductor solutions, then outsourcing manufacturing to specialized foundries while maintaining some in-house production capability at its Gumi facility in South Korea. Revenue is driven by design wins - securing positions in customer products during the design phase - followed by volume production once those products reach market. Several factors significantly impact margins and profitability. Positive margin drivers include securing design wins in higher-value applications like automotive and industrial markets, which typically command premium pricing compared to consumer electronics. The company's transition to next-generation power products with improved performance characteristics also supports better margins. Factory utilization rates at the Gumi facility directly impact cost structure, with higher utilization spreading fixed costs across more units. Margin pressures come from intense competition in commodity semiconductor markets, cyclical demand patterns in consumer electronics, and foundry capacity constraints that can increase manufacturing costs. The wind-down of lower-margin foundry services business has created near-term margin headwinds, while macroeconomic conditions affecting end markets like smartphones and consumer electronics can reduce demand and pricing power. Currency fluctuations also impact costs since the company operates globally but reports in US dollars.
Competitive moat
Magnachip's competitive moat is relatively narrow in the highly competitive semiconductor industry. The company's primary defensive characteristics include specialized design expertise in power management and display driver circuits, established relationships with Asian customers particularly in South Korea and China, and intellectual property around specific chip architectures. The company benefits from switching costs once its chips are designed into customer products, as changing semiconductor suppliers requires significant re-engineering efforts and qualification processes that can take months or years. This creates some customer stickiness, particularly in automotive applications where reliability and qualification requirements are stringent. However, the moat faces significant challenges. The semiconductor industry is characterized by rapid technological change, requiring continuous R&D investment to maintain competitiveness. Larger competitors like Texas Instruments, Infineon, and various Asian semiconductor companies have substantially greater resources for R&D and manufacturing scale advantages. The commoditization of many power semiconductor products reduces differentiation over time. Competitive threats include well-funded competitors with broader product portfolios, potential disruption from new technologies or architectures, and the risk of customers developing in-house capabilities or switching to alternative suppliers. The company's small scale relative to industry leaders limits its ability to invest in cutting-edge manufacturing processes or absorb market downturns. Geographic concentration in Asia, while providing market access, also creates vulnerability to regional economic or geopolitical disruptions.
Risks & safety
The margin of safety appears moderate to strong from a balance sheet perspective but concerning from an operational standpoint. **Liquidity and Solvency:** - Strong cash position of $133 million with minimal debt (debt-to-equity ratio of 1.3%) - Excellent current ratio of 4.5x and quick ratio of 3.8x indicating strong short-term liquidity - Current cash burn rate of approximately $5 million per quarter suggests roughly 6-7 years of runway at current levels **Valuation Metrics:** - Trading at 0.47x book value, suggesting potential asset value protection - Graham net-net ratio of 1.88x indicates trading below liquidation value - Negative earnings make traditional P/E ratios less meaningful **Other Considerations:** - Persistent operating losses and negative free cash flow raise concerns about business viability - Company targeting breakeven by end of 2025, but execution risk remains high - Asset-heavy business model with significant manufacturing investments that may not generate adequate returns
Recent development
Magnachip has undergone significant strategic transformation over the past few years, pivoting from a diversified semiconductor company to a focused pure-play power semiconductor specialist. The company announced plans to shut down its display business by Q2 2025 and explore strategic options for divestiture, marking a decisive shift away from OLED display drivers that historically represented a significant portion of revenue. The centerpiece of the transformation is the "Three-Three-Three" strategy launched in 2024, targeting $300 million in annual revenue, 30% gross margins, and achievement within three years. This ambitious plan involves substantial investment in upgrading the Gumi manufacturing facility with $65-70 million in capital expenditure to support next-generation power products. Product development efforts have accelerated significantly, with the company releasing 27 new power analog products in Q1 2025 alone and planning over 40 new product launches throughout 2025. The focus has shifted toward higher-value applications in automotive, industrial, and AI markets, which management expects to represent 60% of the product mix by 2028, compared to the current consumer electronics focus. Geographic expansion has centered on China market penetration, with the establishment of Magnachip Technology Company (MTC) as a wholly-owned subsidiary to better serve Chinese customers. The company has secured multiple design wins with Chinese smartphone manufacturers and automotive suppliers, representing a strategic shift toward the world's largest semiconductor market. Operational restructuring includes winding down transitional foundry services by 2024, implementing cost reduction programs including voluntary workforce reductions, and executive compensation cuts. Management has set aggressive financial targets including quarterly adjusted EBITDA breakeven by Q4 2025, positive operating income in 2026, and positive free cash flow by 2027.
MX company profile · for informational purposes only — not investment advice.
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