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Magnachip Semiconductor Corp. 10-Q Filings

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Every 10-Q that Magnachip Semiconductor Corp. (MX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow MX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MX filings page.

Rhea-AI Summary

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.

Rhea-AI Summary

Magnachip Semiconductor Corporation reported a first-quarter 2026 net loss from continuing operations of $4.7M, compared with $4.1M a year earlier, as higher costs offset slightly stronger sales. Net sales from its Power Solutions business rose to $46.2M from $44.7M, driven mainly by Power Analog Solutions.

Gross profit decreased to $7.2M from $9.4M as cost of sales increased and factory utilization changed. Operating loss widened to $7.2M from $5.3M. Including a small $0.1M foreign currency loss and interest income of $1.1M, total net loss was $4.6M, or $0.13 per diluted share, versus $0.24 loss a year earlier.

The company generated positive operating cash flow of $1.6M but used cash for capital spending and hedge collateral, reducing cash and equivalents to $94.6M and total assets to $335.5M. Total borrowings were $42.3M, primarily a term loan and long-dated CAPEX loans secured by Korean fabrication assets. Comprehensive loss reached $16.1M, mainly from foreign currency translation and derivative losses tied to zero cost collar hedges. The Display business remains classified as discontinued operations and contributed a small profit of $0.1M of operating income and $0.1M of EBITDA.

Rhea-AI Summary

Magnachip Semiconductor (MX) reported Q3 2025 results as it transitions to a pure-play Power business. Revenue was $45.946M, all from Power solutions, with gross profit of $8.541M. Operating loss widened to $11.538M and net loss was $13.090M. Discontinued operations from the Display business contributed an additional $2.481M loss.

Cash and cash equivalents were $108.005M at September 30, 2025. Year-to-date operating cash flow was $(29.639)M, reflecting losses, inventory build and severance payments. Long-term borrowings rose to $38.935M, including CAPEX loans of $10.408M maturing in 2035.

The Board approved shutting down the Display business; management expects about $20M of cash inflow over roughly two years from EOL product sales and IP monetization, against total liquidation costs of $12–$15M, including $6.5M severance already paid and $6.5M contract termination charges to be paid over remaining terms. One customer represented 32.6% of Q3 Power sales. The company repurchased 1,093,748 shares for $3.6M year-to-date. Shares outstanding were 35,981,823 as of October 31, 2025.