MagnaChip Q1 2022 Earnings Report
Key Takeaways
Magnachip reported Q1 2022 revenue of $104.1 million, a decrease of 15.4% year-over-year. Non-GAAP EPS was $0.28, a 27% increase year-over-year, bolstered by a strong gross profit margin. The company faced challenges due to supply constraints, particularly for 28nm 12” wafers, impacting OLED revenue.
Revenue was $104.1 million, down 15.4% year-over-year.
Display solutions revenue declined 29.3% sequentially due to supply shortages.
Power solutions revenue increased 20.0% year-over-year, achieving record quarterly revenue.
Non-GAAP EPS was $0.28, up 27% year-over-year.
MagnaChip
MagnaChip
MagnaChip Revenue by Segment
Forward Guidance
Magnachip expects revenue to be in the range of $100 million to $105 million and gross profit margin to be in the range of 33% to 35% for Q2 2022.
Challenges Ahead
- Near-term outlook is challenged by persisting supply constraints, especially for 28nm 12” wafers.
Revenue & Expenses
Visualization of income flow from segment revenue to net income