South Korea's Magnachip Q2 revenue falls 6% yr/yr - MX News | RalliesSouth Korea's Magnachip Q2 revenue falls 6% yr/yr
M
MX• Outlook
- Magnachip expects Q3 revenue between $41.5 mln and $45.5 mln, down sequentially and year-over-year
- Company sees Q3 gross margin between 17% and 19%, lower than Q2 due to product mix
- Magnachip cites supply chain packaging constraints and pricing pressure as factors for Q3 outlook
Overview
- South Korea-based power semiconductor maker's Q2 revenue fell 6% yr/yr, within guidance range
- Adjusted loss per share widened to $0.13 from $0.05 a year earlier
- Company expects Q3 revenue and margin to decline further due to supply chain and pricing pressures
Key details
| Metric | Actual |
|---|
| Q2 Net Loss | $4.82 mln |
| Q2 Adjusted EBITDA | -$4.22 mln |
| Q2 Gross Margin | 19.3% |
| Q2 Adjusted EBIT | -$6.98 mln |
| Q2 Operating Income | -$9.98 mln |
Result drivers
- Segment revenue decline - Both Power Analog Solutions and Power IC segments saw lower revenue sequentially and year-over-year
- - Q2 results included $1.1 mln customer goodwill payment and $0.9 mln in one-time employee incentives
Other charges
