MAGNACHIP SEMICONDUCTOR (MX) Company Report

Magnachip Semiconductor has introduced a new series of high-efficiency Insulated Gate Bipolar Transistors (IGBTs) designed for solar inverters and industrial Energy Storage Systems (ESS), aiming to strengthen its position in the power semiconductor market.
The new IGBTs feature Advanced Field Stop Trench technology, a 40% reduction in cell pitch, and an over 30% enhancement in Reverse Bias Safe Operating Area (RBSOA), which improves current capacity, efficiency, and reliability.
Magnachip is expanding its product portfolio to cover a wide capacity range, from residential inverters to industrial systems up to 150 kW, and plans to further expand its lineup with a high-current series and new 750V products in the first half of 2026.
The global solar inverter and ESS market, which these products target, is projected to grow from approximately $1.4 billion in 2024 to $2.7 billion in 2029, representing a compound annual growth rate of approximately 10.6%.

Jan 20, 2026, 11:55 AM

Press Release

Magnachip Semiconductor Reports Challenging Q3 2025 Results and Lower Q4 Guidance

Earnings

Guidance Update

Demand Weakening

Magnachip Semiconductor reported a challenging Q3 2025, with revenue falling 17% year-over-year to $45.9 million and losses widening, reflecting soft demand and pricing pressure.
The company projects a further decline in Q4 sales, with guidance between $38.5 million and $42.5 million, and anticipates slimmer margins of 8-10%.
Despite the overall downturn, the communications segment was a bright spot, with revenue increasing 95% year-over-year.
Management is implementing cost-cutting measures, including headcount reductions to save approximately $2.5 million annually, and plans to launch at least 50 new-generation products in 2025 to revitalize its portfolio.
Roth Capital maintained a Buy rating on the shares but reduced Magnachip's price target from $5 to $4.

Nov 3, 2025, 10:13 PM

Morningstar

Magnachip Semiconductor Reports Q3 2025 Results and Provides Q4 Guidance

Earnings

Guidance Update

New Projects/Investments

Magnachip Semiconductor Corporation reported Q3 2025 revenue of $45.9 million and a gross profit margin of 18.6%.
For Q4 2025, the company expects consolidated revenue between $38.5 million and $42.5 million, with a gross profit margin of 8%-10%, primarily due to a $2.5 million incentive program and lower fab utilization.
The company is focused on strategic objectives including repositioning its product portfolio, right-sizing OpEx, conserving cash, increasing transparency, and exploring strategic alternatives.
Magnachip anticipates $2.5 million in annualized OpEx savings from workforce streamlining and a total headcount reduction of over 20% by the end of 2025 compared to 2024.
A strategic licensing agreement for IGBT technology was signed with Hyundai Motor, with initial revenue projected for 2027. The company also plans to launch 50 new generation products in 2025.

Nov 3, 2025, 10:00 PM

Transcript

MX Reports Q3 2025 Financial Results and Provides Q4 Outlook

Earnings

Guidance Update

Demand Weakening

For Q3 2025, MX reported $45.9 million in revenue from continuing operations, representing a 13.3% year-over-year decrease, with a gross profit margin of 18.6%, down 3.4 percentage points year-over-year.
The company's GAAP diluted loss per share was ($0.29) and Non-GAAP diluted loss per share was ($0.01) for Q3 2025.
MX's Q4 2025 guidance for consolidated revenue from continuing operations is in the range of $38.5 to $42.5 million, with an expected gross profit margin between 8% to 10%, partly due to a one-time $2.5 million incentive program.
Recent operational highlights include the execution of cost reduction programs projected to generate approximately $2.5 million in annualized savings, and the launch of 30 new-generation PAS products in the first nine months of 2025.

Nov 3, 2025, 10:00 PM

Presentation

Magnachip Semiconductor Reports Q3 2025 Results and Provides Q4 2025 Guidance

Earnings

Guidance Update

Product Launch

Magnachip Semiconductor reported Q3 2025 revenue of $45.9 million from continuing operations, which was about the midpoint of its guidance range, and a gross profit margin of 18.6%, at the low end of its guidance range.
For Q4 2025, the company expects consolidated revenue from continuing operations to be in the range of $38.5 million to $42.5 million and a gross profit margin of 8%-10%, primarily due to a $2.5 million incentive program and lower fab utilization.
The company is implementing strategic initiatives including launching 30 new generation products in the first nine months of 2025 with 20 more expected in Q4 2025, and is initiating OpEx cost reduction programs expected to generate approximately $2.5 million in annualized savings.
Magnachip signed a strategic licensing agreement with Hyundai Motor Company regarding the use of IGBT technology, with initial revenue expected to start in 2027.

Nov 3, 2025, 10:00 PM

Transcript

Magnachip Semiconductor Corporation Reports Q3 2025 Results and Provides Q4 Guidance

Earnings

Guidance Update

Layoffs

Magnachip reported Q3 2025 revenue of $45.9 million and a gross profit margin of 18.6%.
For Q4 2025, the company anticipates revenue between $38.5 million and $42.5 million and a gross profit margin of 8% to 10%, primarily due to a $2.5 million incentive program aimed at reducing channel inventory.
The company is pursuing five critical objectives including repositioning its product portfolio, right-sizing OpEx, conserving cash, increasing transparency, and exploring strategic alternatives.
Key initiatives include launching at least 50 new generation products in 2025 (up from 4 in 2024) and a strategic IGBT licensing agreement with Hyundai Motor, with initial revenue expected in 2027.
Workforce streamlining is expected to generate $2.5 million in annualized OpEx savings, contributing to a total headcount reduction of over 20% by the end of 2025 compared to 2024.

Nov 3, 2025, 10:00 PM

Transcript

Magnachip Semiconductor Corporation Reports Q3 2025 Results and Provides Q4 2025 Guidance

Earnings

Guidance Update

Product Launch

Magnachip Semiconductor Corporation reported Q3 2025 revenue of $45.9 million and a gross profit margin of 18.6%.
For Q4 2025, the company forecasts revenue between $38.5 million and $42.5 million and a gross profit margin of 8%-10%, attributing the decline to a $2.5 million incentive program to clear inventory and lower fab utilization.
The company outlined five critical objectives: repositioning its product portfolio, right-sizing OpEx, conserving cash, increasing transparency, and exploring strategic alternatives.
Key initiatives include launching 50 new generation products in 2025 , a more than 20% reduction in overall headcount by the end of 2025 , and a more than 50% reduction in Gumi fab CapEx over the next two years.
A strategic licensing agreement with Hyundai Mobis for IGBT technology was announced, with initial revenue anticipated in 2027. The company also expects Q1 2026 revenue to grow double digits sequentially.

Nov 3, 2025, 10:00 PM

Transcript

Magnachip Reports Q3 2025 Results, Issues Lower Q4 Guidance, and Details Strategic Initiatives

Earnings

Guidance Update

New Projects/Investments

Magnachip reported Q3 2025 consolidated revenue from continuing operations of $45.9 million and a gross profit margin of 18.6%.
For Q4 2025, the company expects consolidated revenue from continuing operations to be in the range of $38.5 million-$42.5 million and gross profit margin to be 8%-10%, impacted by a one-time $2.5 million incentive program expected to reduce gross margin by 600 basis points.
The company is implementing strategic changes, including repositioning its product portfolio with 50 new generation products planned for 2025, reducing CapEx by over 50% for its GUMIFAB upgrade, and achieving $2.5 million in annualized OpEx savings through workforce streamlining, leading to a more than 20% headcount reduction by the end of 2025.
Magnachip signed a strategic licensing agreement with Hyundai Motor for IGBT technology, with initial revenue contributions anticipated in 2027.

Nov 3, 2025, 10:00 PM

Transcript

Magnachip Expands Industrial IGBT Business with Hyundai Mobis Partnership

Product Launch

New Projects/Investments

Magnachip has concluded an agreement with Hyundai Mobis regarding the use of high-performance Insulated Gate Bipolar Transistor (IGBT) technology, developed through a collaboration since 2015 for electric vehicle (EV) traction inverters.
Hyundai Mobis plans to begin mass production of inverters incorporating these jointly developed IGBTs in 2026.
Magnachip will leverage this jointly developed design to launch its own new series of industrial IGBTs in the first half of next year (H1 2026), targeting the industrial, AI, and renewable energy markets.
The global IGBT market was valued at over $11 billion in 2024 and is projected to grow to $16.9 billion by 2028.

Nov 3, 2025, 9:10 PM

Press Release

Magnachip Reports Q3 2025 Results and Provides Q4 and Full-Year 2025 Guidance

Earnings

Guidance Update

Layoffs

Magnachip reported Q3 2025 consolidated revenue from continuing operations of $45.9 million and a gross profit margin of 18.6%. The company posted a basic loss per common share of ($0.29) for the quarter.
For Q4 2025, Magnachip forecasts consolidated revenue from continuing operations between $38.5 million and $42.5 million and a gross profit margin of 8% to 10%. This guidance reflects a one-time $2.5 million incentive program to reduce channel inventory, which is expected to negatively impact gross profit margin by 600 basis points.
The company expects full-year 2025 consolidated revenue from continuing operations to be down by 3.8% year-over-year and a gross profit margin between 17% to 18%.
Magnachip implemented operating expense cost reduction programs, including a headcount reduction program, projected to yield approximately $2.5 million in annualized savings. The company also plans to reduce capital expenditure investments for the Gumi fab upgrade by more than 50% over the next two years, compared to the previously expected $65 to $70 million.
The company launched 30 new-generation PAS products in the first nine months of 2025, with plans to launch at least 20 additional new-generation products in Q4 2025.