MX

EX-99.1

2 mx-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Magnachip Reports Results for Second Quarter 2026

Q2 Results Summary

• Consolidated revenue from continuing operations (which includes Power Analog Solutions (“PAS”) and Power IC (“PIC”) businesses) was $44.7 million, within the guidance range of $44.5 to $48.5 million.

• Consolidated gross profit margin from continuing operations of 19.3% was above the high end of our guidance range of 17.0% to 19.0%.

Recent Highlights

• Appointment of Chae Lee as Chief Executive Officer

• Launches New 6th-Generation 600V SJ MOSFETs for AI Servers and EV Charging Applications

• Formed strategic partnership with Navitas Semiconductor to license SiC technology for use in high-voltage and ultra-high-voltage power markets

SEOUL, South Korea, July 29, 2026 – Magnachip Semiconductor Corporation (NYSE: MX) (“Magnachip” or the “Company”) today announced financial results for the second quarter 2026.

Chae Lee, Magnachip’s CEO said, “Our second quarter results underscore both the challenges and the opportunity ahead. Our strategic relationship with Navitas marks an important milestone toward our plan to rebuild Magnachip. As I have met with our employees and customers over the past month, I have become increasingly confident in the strength of Magnachip's technology, engineering talent and manufacturing capabilities. Building on the strategic transformation already underway, we are focused on developing more differentiated power semiconductor solutions, improving our execution, and positioning Magnachip to compete through advanced innovation. While this transformation will take time, I believe it will strengthen our competitive position and create greater long-term shareholder value."

Q2 2026 Financial Highlights

In thousands of U.S. dollars, except share data

GAAP

Q2 2026

Q1 2026

Q/Q change

Q2 2025

Y/Y change

Net Sales

44,704

46,208

down

3.3

%

47,622

down

6.1

%

Power Analog Solutions

40,574

41,647

down

2.6

%

42,261

down

4.0

%

Power IC

4,130

4,561

down

9.4

%

5,361

down

23.0

%

Gross Profit Margin

19.3

%

15.6

%

up

3.7

%pts

20.4

%

down

1.1

%pts

Power Analog Solutions

17.2

%

12.8

%

up

4.4

%pts

18.2

%

down

1.0

%pts

Power IC

40.9

%

40.4

%

up

0.5

%pts

37.4

%

up

3.5

%pts

Operating Loss

(9,976

)

(7,170

)

down

39.1

%

(6,598

)

down

51.2

%

Income (Loss) from continuing operations

(7,601

)

(4,697

)

down

61.8

%

9,203

down

182.6

%

Basic Earnings (Loss) per Common Share

(0.21

)

(0.13

)

down

61.5

%

0.26

down

180.8

%

Diluted Earnings (Loss) per Common Share

(0.21

)

(0.13

)

down

61.5

%

0.25

down

184.0

%

In thousands of U.S. dollars, except share data

Non-GAAP(1)

Q2 2026

Q1 2026

Q/Q change

Q2 2025

Y/Y change

Adjusted Operating Loss

(6,976

)

(6,527

)

down

6.9

%

(4,776

)

down

46.1

%

Adjusted EBITDA

(4,219

)

(3,640

)

down

15.9

%

(1,542

)

down

173.6

%

Adjusted Loss

(4,901

)

(4,073

)

down

20.3

%

(1,978

)

down

147.8

%

Adjusted Loss per Common Share—Diluted

(0.13

)

(0.11

)

down

18.2

%

(0.05

)

down

160.0

%

(1) Management believes that non-GAAP financial measures, when viewed in conjunction with GAAP results, can provide a meaningful understanding of the factors and trends affecting our business and operations and assist in evaluating our core operating performance. However, such non-GAAP financial measures have limitations and should not be considered as a substitute for net loss or as a better indicator of our operating performance than measures that are presented in accordance with GAAP. A reconciliation of historical GAAP results to non-GAAP results is included in this press release.

Q3 2026 Financial Guidance

While actual results may vary, Magnachip currently expects the following:

• Consolidated revenue from continuing operations (which includes Power Analog Solutions and Power IC businesses) to be in the range of $41.5 million to $45.5 million, a decrease of 2.7% sequentially and a decrease of 5.2% year-over-year at the mid-point. This compares with $44.7 million in Q2 2026 and $45.9 million in Q3 2025.

• Consolidated gross profit margin from continuing operations to be in the range of 17% to 19%, compared with 19.3% in Q2 2026 and 18.6% in Q3 2025. The sequential decline is primarily due to an unfavorable product mix.

Commenting on the third quarter guidance, Shinyoung Park, Chief Financial Officer, said, “We continue to see healthy demand for our Low Voltage BatteryFET product line for mobile products. Nevertheless, we expect third-quarter revenue to decline sequentially due to three near-term factors: packaging constraints in our supply chain that are limiting our ability to fully satisfy demand, lower-than-expected customer volumes in certain consumer applications, and an unfavorable product mix resulting from continued pricing pressure on our legacy products.”

Q2 2026 Earnings Conference Call

Mag

EX-99.1

2 mx-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Magnachip Reports Results for First Quarter 2026

Q1 Results Summary

• Consolidated revenue from continuing operations (which includes Power Analog Solutions (“PAS”) and Power IC (“PIC”) businesses) was $46.2 million, approximately at the mid-point of our guidance range of $44.0 to $48.0 million.

• Revenue grew by 3.3% year over year and 13.9% quarter over quarter.

• Consolidated gross profit margin from continuing operations of 15.6% was above the mid-point of our guidance range of 14.0% to 16.0%.

Recent Highlights

• Launched 8th-generation ultra low-Rss(on) 12V BatteryFET designed for smartphone battery power efficiency

• Launched 8th-generation 40V and 60V MV MOSFETs for servers and high-performance PCs

• On track to launch 55 new-generation products in 2026

SEOUL, South Korea, Apr. 28, 2026 – Magnachip Semiconductor Corporation (NYSE: MX) (“Magnachip” or the “Company”) today announced financial results for the first quarter 2026.

Camillo Martino, Magnachip’s CEO said, “We delivered better-than-seasonal revenue growth in the quarter, reflecting both solid execution and also the impact of the previously communicated inventory and channel actions. We are comfortable with our progress toward our multi-year transformation, and we are showing some good early signs, particularly with the 55 new-generation products launched in 2025. Our focus remains on improving product competitiveness through an accelerated pace of new-generation product launches, which we believe will drive sustainable revenue growth, margin expansion, and improved utilization over time. We believe disciplined execution of our six-pillar strategy will deliver long-term shareholder value.”

Shinyoung Park, Magnachip’s CFO, commented, “We remain committed to financial discipline to significantly improve our financial performance during this multi-year transformation.”

Q1 2026 Financial Highlights

In thousands of U.S. dollars, except share data

GAAP

Q1 2026

Q4 2025

Q/Q change

Q1 2025

Y/Y change

Net Sales

46,208

40,570

up

13.9

%

44,722

up

3.3

%

Power Analog Solutions

41,647

36,811

up

13.1

%

39,857

up

4.5

%

Power IC

4,561

3,759

up

21.3

%

4,865

down

6.2

%

Gross Profit Margin

15.6

%

9.3

%

up

6.3

%pts

20.9

%

down

5.3

%pts

Power Analog Solutions

12.8

%

6.5

%

up

6.3

%pts

17.8

%

down

5.0

%pts

Power IC

40.4

%

36.7

%

up

3.7

%pts

46.5

%

down

6.1

%pts

Operating Loss

(7,170

)

(12,446

)

up

42.4

%

(5,278

)

down

35.8

%

Loss from continuing operations

(4,697

)

(8,792

)

up

46.6

%

(4,051

)

down

15.9

%

Basic Loss per Common Share

(0.13

)

(0.24

)

up

45.8

%

(0.11

)

down

18.2

%

Diluted Loss per Common Share

(0.13

)

(0.24

)

up

45.8

%

(0.11

)

down

18.2

%

In thousands of U.S. dollars, except share data

Non-GAAP(1)

Q1 2026

Q4 2025

Q/Q change

Q1 2025

Y/Y change

Adjusted Operating Loss

(6,527

)

(11,881

)

up

45.1

%

(4,410

)

down

48.0

%

Adjusted EBITDA

(3,640

)

(8,856

)

up

58.9

%

(1,205

)

down

202.1

%

Adjusted Loss

(4,073

)

(2,714

)

down

50.1

%

(2,784

)

down

46.3

%

Adjusted Loss per Common Share—Diluted

(0.11

)

(0.08

)

down

37.5

%

(0.08

)

down

37.5

%

(1) Management believes that non-GAAP financial measures, when viewed in conjunction with GAAP results, can provide a meaningful understanding of the factors and trends affecting our business and operations and assist in evaluating our core operating performance. However, such non-GAAP financial measures have limitations and should not be considered as a substitute for net loss or as a better indicator of our operating performance than measures that are presented in accordance with GAAP. A reconciliation of historical GAAP results to non-GAAP results is included in this press release.

Q2 2026 Financial Guidance

While actual results may vary, Magnachip currently expects the following:

· Consolidated revenue from continuing operations (which includes Power Analog Solutions and Power IC businesses) to be in the range of $44.5 million to $48.5 million, roughly flat sequentially and a decrease of 2.3% year-over-year at the mid-point. This compares with $46.2 million in Q1 2026 and $47.6 million in Q2 2025.

· Consolidated gross profit margin from continuing operations to be in the range of 17% to 19%, up from 15.6% in Q1 2026 but down from 20.4% in Q2 2025.

Q1 2026 Earnings Conference Call

Magnachip will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET on Tuesday, April 28, 2026, to discuss its financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this event including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call. A live and archived webcast of the

8-K

false000132570200013257022026-03-042026-03-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 4, 2026

Magnachip Semiconductor Corporation (Exact name of Registrant as specified in its charter)

Delaware

001-34791

83-0406195

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

c/o Magnachip Semiconductor, Ltd. 15F, 76 Jikji-daero 436beon-gil, Heungdeok-gu Cheongju-si, Chungcheongbuk-do, 28581, Republic of Korea

Not Applicable

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code: +82 (2) 6903-3000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, par value $0.01 per share

MX

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company  If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

Item 2.02. Results of Operations and Financial Condition. Attached hereto as Exhibit 99.1 and incorporated by reference herein is financial information for Magnachip Semiconductor Corporation and its consolidated subsidiaries for the fourth quarter and full year ended December 31, 2025, as presented in a press release dated March 4, 2026. The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The following exhibit is furnished as part of this report:

Exhibit No.

Description

99.1

Press release for Magnachip Semiconductor Corporation dated March 4, 2026, announcing the results for the fourth quarter and full year ended December 31, 2025.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MAGNACHIP SEMICONDUCTOR CORPORATION

Dated: March 4, 2026

By:

/s/ Shin Young Park

Shin Young Park

Chief Financial Officer