MagnaChip Q2 FY26 operating loss widens 39.1% q/q to USD 9.98 million; net sales fall 3.3% q/q to USD 44.7 million - MX News | RalliesMagnaChip Q2 FY26 operating loss widens 39.1% q/q to USD 9.98 million; net sales fall 3.3% q/q to USD 44.7 million
M
MX• Q3 outlook
- MagnaChip forecast Q3 net sales of USD 41.5 million to USD 45.5 million.
- Gross margin is seen at 17% to 19% on unfavorable product mix.
Q2 FY26 results
- MagnaChip reported Q2 2026 net sales of USD 44.7 million, down 3.3% from Q1 2026.
- GAAP gross margin rose to 19.3% from 15.6% in Q1 2026, up 3.7 percentage points.
- GAAP operating loss widened to USD 10 million from USD 7.17 million in Q1 2026.
- GAAP loss from continuing operations deepened to USD 7.6 million, with basic loss per share of USD 0.21.
