Magnachip Semiconductor Corporation reported consolidated revenue from continuing operations of $45.9 million for the third quarter of 2025. The company expects fourth quarter 2025 consolidated revenue from continuing operations to range between $38.5 million and $42.5 million, representing an 11.9% sequential decrease and a 17.1% year-over-year decrease at the mid-point. Full-year 2025 consolidated revenue from continuing operations is expected to decline by 3.8% year-over-year compared to the 2024 equivalent of $185.8 million. The consolidated gross profit margin from continuing operations was 18.6% in the third quarter of 2025. For the fourth quarter of 2025, the company projects a gross profit margin between 8% and 10%, affected by a one-time $2.5 million incentive program and lower fab utilization rates. The full-year 2025 gross profit margin is expected to be between 17% and 18%, compared to 21.5% in 2024. During the first three quarters of 2025, Magnachip launched 30 new-generation products and plans to launch at least 20 additional products in the fourth quarter, totaling at least 50 new-generation products for the year, up from four in 2024. The company also restructured its go-to-market organization and continues to focus on enhancing competitiveness, particularly in China.