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Dec 31, 2020
MagnaChip Q4 2020 Earnings Report
MagnaChip's Q4 2020 financial results were reported, showcasing significant revenue growth and profitability improvements.
Key Takeaways
MagnaChip reported Q4 2020 revenue of $142.9 million, a 15.9% increase year-over-year. GAAP EPS was $1.45, and non-GAAP EPS from continuing operations was $0.40. The company's OLED DDIC revenue reached a new quarterly record of $80.4 million.
Q4 revenue increased by 15.9% year-over-year, reaching $142.9 million.
OLED DDIC revenue hit a record $80.4 million, up 19.4% year-over-year.
Gross profit margin improved to 26.9%, up 220 bps year-over-year.
GAAP EPS was $1.45, while non-GAAP EPS from continuing operations was $0.40.
Forward Guidance
The company anticipates Q1 2021 revenue to be in the range of $119 million to $124 million, including about $10 million of the Transitional Fab 3 Foundry Services, and gross profit margin to be in the range of 25% to 27%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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