MagnaChip Q1 2023 Earnings Report
Key Takeaways
Magnachip reported a revenue of $57.0 million, which was within the guidance range but represented a 45.2% year-over-year decrease. The company experienced a GAAP diluted loss per share of $0.49 and a non-GAAP diluted loss per share of $0.24. The results were impacted by OLED wafer shortages and weak consumer demand.
Revenue of $57.0 million was within guidance range.
Gross profit margin was 21.2%, at the low end of guidance.
GAAP diluted loss per share was $0.49.
Non-GAAP diluted loss per share was $0.24.
MagnaChip
MagnaChip
MagnaChip Revenue by Segment
Forward Guidance
Magnachip expects Q2 2023 revenue to be in the range of $58 million to $63 million, including about $8 million from Transitional Fab 3 Foundry Services, and gross profit margin to be in the range of 21% to 23%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income