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Dec 31, 2019
MagnaChip Q4 2019 Earnings Report
MagnaChip's revenue met the high-end of updated guidance, with OLED revenue doubling year-over-year, and a gross margin slightly above the updated guidance midpoint.
Key Takeaways
MagnaChip reported Q4 2019 revenue of $200.0 million, exceeding the high-end of its updated guidance range. OLED revenue saw a significant increase, doubling year-over-year. The company's gross margin was 26.6%, slightly above the midpoint of its updated guidance. Cash and cash equivalents totaled $151.7 million, up 15.5% sequentially.
Revenue of $200.0 million exceeded the high-end of the updated guidance range.
OLED DDIC revenue of $67.3 million set a record, doubling year-over-year.
Gross profit margin of 26.6% exceeded the original guidance range.
Cash and cash equivalents totaled $151.7 million, the highest in six years.
Forward Guidance
MagnaChip anticipates for Q1 2020 revenue to be in the range of $180 million to $195 million and gross profit margin to be in the range of 23% to 25%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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