Magnachip Q2 revenue falls 6.1% to $44.7 million; net loss of $4.8 million
Magnachip reported second-quarter 2026 net sales of $44.7 million, down 6.1% from a year earlier and within its guidance range. The company posted a GAAP net loss of $4.8 million, compared with net income of $323 thousand in the second quarter of 2025, and guided third-quarter revenue lower, which may weigh on shareholder returns.
Key points
- Q2 2026 net sales were $44.7 million, down 6.1% from $47.6 million in Q2 2025 and down 3.3% from $46.2 million in Q1 2026.
- GAAP net loss was $4.8 million, or $(0.13) per diluted share, versus net income of $323 thousand in Q2 2025.
- Q3 2026 revenue guidance is $41.5 million to $45.5 million, a 5.2% decline year over year at the midpoint; gross margin guidance is 17% to 19%.
- Q2 other charges of $2.0 million included a $1.1 million customer goodwill payment and $886 thousand of one-time employee incentives.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.