Magnachip Semiconductor Corporation reported its financial results for the first quarter of 2025. The company achieved consolidated revenue from continuing operations, which includes its Power Analog Solutions $(PAS.AU)$ and Power IC $(PIC.AU)$ businesses, of $44.7 million. This figure is in line with the mid-point of the company's guidance range of $42.0 to $47.0 million and reflects a 12.1% year-over-year increase when excluding Transitional Foundry Services. The consolidated gross profit margin from continuing operations was 20.9%, surpassing the high-end of the guidance range of 18.5% to 20.5%. A significant business update is the shutdown of Magnachip's Display business, which has now been classified as discontinued operations starting in Q1 2025. This strategic move is expected to result in a 30% to 35% reduction in annualized operating expenses. Looking forward, Magnachip has provided financial guidance for Q2 2025, anticipating consolidated revenue from continuing operations to be in the range of $45 to $49 million. This represents a 5.2% sequential increase and a 6.6% year-over-year increase at the mid-point compared to the previous year. The company also projects a consolidated gross profit margin between 19.5% and 21.5% for Q2 2025. For the full year 2025, Magnachip reaffirms its outlook that consolidated revenue from continuing operations will grow in the mid-to-high single digits year-over-year, compared to $185.8 million in 2024.