MAGNACHIP SEMICONDUCTOR Corp (MX) SEC Filings

Magnachip Semiconductor Corporation reported weaker results for the three and six months ended June 30, 2026. Net sales from continuing operations were $44.7 million for the quarter and $90.9 million year-to-date, modestly below the prior-year periods, while gross profit fell to $8.6 million and $15.8 million, reflecting margin pressure.

Higher research and development spending and $2.0 million of other charges contributed to an operating loss of $9.98 million for the quarter and $17.1 million year-to-date, versus smaller losses a year earlier. Including discontinued operations, year-to-date net loss was $9.5 million, and total comprehensive loss was $23.4 million, driven by foreign currency and derivative valuation effects.

Cash and cash equivalents were $87.9 million at June 30, 2026, down from $103.8 million at year-end, while total borrowings were $41.5 million, primarily a term loan maturing in 2027 and CAPEX loans maturing in 2035. Operating cash outflow improved significantly to $2.9 million for the first half from $29.8 million a year earlier. The wound-down Display business, now classified as discontinued operations, generated a small profit in 2026. Customer concentration remains high, with one customer representing 28.8% of year-to-date net sales and 44.1% of receivables.

Magnachip Semiconductor director Camillo Martino received a grant of 39,286 shares of Common Stock on August 1, 2026, classified as a grant/award acquisition at a stated price of $0.0000 per share. Following this award, he directly owns 403,897 shares and reports 40,000 shares held indirectly by a trust.

Chung Kyo-Hwa Liz reported acquisition or exercise transactions in this Form 4 filing.

Magnachip Semiconductor Corp director Chung Kyo-Hwa Liz received a grant of 48,810 shares of common stock on August 1, 2026, at a reported price of $0.0000 per share. Following this non-derivative award, she directly holds 149,599 Magnachip common shares.

MAGNACHIP SEMICONDUCTOR Corp director NATHAN GILBERT E received a grant of 51,191 shares of common stock on August 1, 2026 at a reported price of $0.0000 per share, classified as a grant, award, or other acquisition. Following this award, he holds 265,682 shares directly. He also reports indirect ownership, including 158,200 shares held by GT Investments II Corp and 1,905 shares held by his spouse, plus additional shares held for his children.

Amoruso Cristiano reported acquisition or exercise transactions in this Form 4 filing.

MAGNACHIP SEMICONDUCTOR director Cristiano Amoruso received a grant of 46,429 shares of Common Stock on 2026-08-01 at no cash cost, increasing his direct holdings to 75,057 shares. He also reported 3,072,779 shares held indirectly through Byreforge LLC.

Magnachip Semiconductor reported Q2 2026 net sales of $44.7 million, within guidance but down 3.3% sequentially and 6.1% year-over-year. Power Analog Solutions contributed $40.6 million and Power IC $4.1 million, both declining versus prior periods. Gross profit margin from continuing operations improved sequentially to 19.3%, above the high end of guidance, though slightly below 20.4% a year earlier.

The company posted an operating loss of (9,976) thousand and a loss from continuing operations of (7,601) thousand, compared with income of 9,203 thousand a year ago, leading to a basic loss per share from continuing operations of $(0.21). Net loss was (4,815) thousand, while Adjusted EBITDA from continuing operations was a loss of (4,219) thousand. Cash and cash equivalents were $87,936 thousand and total assets $324,851 thousand as of June 30, 2026.

For Q3 2026, Magnachip guides revenue from continuing operations to $41.5–$45.5 million and gross margin to 17–19%, citing packaging constraints, softer volumes in some consumer applications, and unfavorable product mix. Recent developments include appointing Chae Lee as CEO, launching 6th-generation 600V SJ MOSFETs, and forming a SiC technology partnership with Navitas Semiconductor.

MAGNACHIP SEMICONDUCTOR Corp reported that its new Chief Executive Officer and director, Chae Lee, received an initial equity award in connection with his appointment. He was granted 288,750 shares of common stock and a stock option for 148,750 shares at an exercise price of $5.50 per share, expiring on July 1, 2036. According to the award terms under the company’s 2020 Equity Incentive Plan, each grant will vest over four years with a one-year cliff, and continued vesting is conditioned on Mr. Lee’s ongoing service with the company.

MAGNACHIP SEMICONDUCTOR Corp director and Chief Executive Officer Chae Lee filed an initial Form 3 as a reporting person for the company. This filing establishes insider reporting status but shows no reported purchases, sales, exercises, gifts, or other transactions in company securities.

Magnachip Semiconductor Corporation appointed Chae Lee as Chief Executive Officer and principal executive officer, effective July 1, 2026, and added him to the Board as its fifth director through the 2027 annual meeting. He succeeds Camillo Martino, who ends his Interim CEO role but remains Chairman.

Lee’s Executive Service Agreement provides a $560,000 annual base salary, a target cash bonus equal to 100% of base salary with potential up to 200%, and an initial equity grant covering 875,000 shares, split among restricted stock units, performance stock units and stock options. Severance terms include one year of base salary if terminated without cause or for good reason, and 1.5 times base salary in certain change-in-control scenarios.

In connection with the transition, Martino’s consulting and executive agreements end July 1, 2026. He will receive a lump-sum payment equal to 30 days of fees and accelerated vesting of 105,484 restricted stock units granted when he became Interim CEO.