MagnaChip Semiconductor Reports Q1 2025 Revenue of $44.7M, Up 12.1% Year-Over-Year; Gross Profit Margin Exceeds Guidance at 20.9%

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MagnaChip Semiconductor Reports Q1 2025 Revenue of $44.7M, Up 12.1% Year-Over-Year; Gross Profit Margin Exceeds Guidance at 20.9%

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MagnaChip Semiconductor Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250512818670) on May 12, 2025, and is solely responsible for the information contained therein.

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