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Mar 31, 2021
MagnaChip Q1 2021 Earnings Report
Magnachip reported solid quarterly results despite industry-wide supply constraints.
Key Takeaways
Magnachip's Q1 2021 revenue was $123.0 million, a 2.1% increase year-over-year. The gross profit margin was 27.9%, up 370 bps year-over-year. Non-GAAP diluted earnings per share was 0.22 cents. The company is pending a merger with Wise Road Capital LTD.
Q1 revenue reached $123.0 million, up 2.1% year-over-year.
Gross profit margin increased to 27.9%, a 370 bps increase year-over-year.
GAAP diluted loss per share was $0.19.
Non-GAAP diluted earnings per share was 0.22 cents.
MagnaChip
MagnaChip
Forward Guidance
Due to the pending merger with an investment vehicle formed by an affiliate of Wise Road Capital LTD, Magnachip will not be hosting a quarterly earnings conference call and has suspended the practice of providing forward-looking guidance.