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AI brief of an SEC Form 8-K · MAGNACHIP SEMICONDUCTOR Corp (MX)

Magnachip Q3 revenue falls 4.3% to $44.0 million; loss widens to $0.36 a share

Negative Impact 3 of 5 earnings Written later

Magnachip reported third-quarter 2026 revenue of $44.0 million, within its guidance range but down 4.3% from a year earlier, and a gross margin of 14.0%, below its 17% to 19% guidance range, mainly due to unfavorable foreign exchange movements. The loss from continuing operations widened to $13.3 million, or $0.36 per share, from $7.6 million in the second quarter. For shareholders, the company guided fourth-quarter gross margin to 10% to 12%, with revenue of $41.0 million to $45.0 million.

Key points

  • Q3 2026 net sales were $44.0 million, down 1.6% from Q2 2026 and down 4.3% from Q3 2025.
  • Q3 gross profit margin was 14.0%, versus guidance of 17.0% to 19.0%, and 19.3% in Q2 2026.
  • Q3 loss from continuing operations was $13.3 million, or $0.36 per share, compared with $7.6 million in Q2 2026.
  • Q4 2026 guidance: revenue of $41.0 million to $45.0 million and gross margin of 10% to 12%; the company cited a fab power shutdown tied to a substation upgrade and Korean Won appreciation.

The filing

CompanyMAGNACHIP SEMICONDUCTOR Corp (MX)
Form8-K, current report
Filed with the SECNov 4, 2026, 4:30 PM ET
Accession number0001193125-26-447409

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 November 04, 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.