Every 8-K 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 8-K covers material events a company has to report between its quarterly 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.
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 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.
Magnachip Semiconductor Corporation entered into an at-the-market sales agreement that allows it to issue and sell up to $50,000,000 of common stock through B. Riley Securities, either as agent or principal. The shares will be offered under an effective Form S-3 shelf registration and related prospectus supplement.
The company is not required to sell any shares and can terminate the agreement at any time. Magnachip currently plans to use any net proceeds for general corporate purposes, including strategic growth initiatives and technologies that support AI data centers and robotics.
Magnachip Semiconductor Corporation held its 2026 Annual Meeting of Stockholders on June 11, 2026. Stockholders approved an Amended and Restated 2020 Equity and Incentive Compensation Plan that increases by 3,000,000 the shares of common stock authorized for issuance under the plan, and executive officers are eligible to participate.
Four directors were elected to serve until the 2027 Annual Meeting. Stockholders also approved, on an advisory basis, the compensation of the named executive officers and ratified the appointment of EY Han Young as independent registered public accounting firm for the fiscal year ending December 31, 2026. A quorum was present, with 24,332,390 shares represented, or 67.18% of the 36,219,100 shares outstanding and entitled to vote as of the record date.
Magnachip Semiconductor reported Q1 2026 net sales of $46.2 million from continuing operations, near the midpoint of guidance and up 3.3% year over year and 13.9% sequentially. Growth was driven by both Power Analog Solutions and Power IC, with PAS revenue at $41.6 million and PIC at $4.6 million.
Gross margin from continuing operations was 15.6%, above the midpoint of guidance and improving from 9.3% in Q4 2025, though below 20.9% a year ago. Operating loss narrowed to $7.2 million from $12.4 million in the prior quarter, while loss from continuing operations was $4.7 million, resulting in a basic and diluted loss per share of $(0.13).
Magnachip ended the quarter with cash and cash equivalents of $94.6 million. For Q2 2026, the company guides revenue to $44.5–$48.5 million, roughly flat sequentially, and expects gross margin between 17% and 19%. Management highlighted ongoing product launches, including 8th-generation MOSFETs, as part of a multi-year transformation strategy.
Magnachip Semiconductor reported weaker results for Q4 and full-year 2025 as demand and margins softened in its Power Solutions business. Q4 2025 revenue from continuing operations was $40.6 million, down 11.7% sequentially and 20.7% year-over-year, with consolidated gross margin falling to 9.3% from 21.7% a year earlier.
The company posted a Q4 operating loss of $12.4 million and a loss from continuing operations of $8.8 million, or $0.24 per share. For 2025, revenue declined to $178.9 million, while operating loss widened to $35.9 million. Management highlighted 55 new products launched, cost reduction actions, and a strategic IGBT agreement, and guided Q1 2026 revenue to $44–48 million with gross margin of 14–16%.
Magnachip Semiconductor Corporation reported that its Board of Directors appointed Cristiano Amoruso as a new director effective January 14, 2026. He will serve on the Board until the 2026 Annual Meeting of Stockholders or until a successor is chosen, and will also sit on the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee. The company states that Amoruso will participate in its independent director compensation program under the existing Director Compensation Policy.
The company notes there have been no transactions since the beginning of its last fiscal year in which Amoruso had a direct or indirect material interest above $120,000, and there is no arrangement or understanding with any person regarding his selection as a director. On January 20, 2026, Magnachip issued a press release announcing his election, which is furnished as an exhibit to this report.
Magnachip Semiconductor Corporation reported that board member Ilbok Lee has decided to retire and resign from its Board of Directors and all related committee positions. His resignation will be effective at the company’s next scheduled board meeting on January 14, 2026.
The company states that Dr. Lee’s decision to retire is for personal reasons and is not due to any disagreement with Magnachip on its operations, policies, or practices. The filing also notes that a related press release dated January 14, 2026 is included as an exhibit.
Magnachip Semiconductor Corporation furnished financial information for the third quarter ended September 30, 2025. The company submitted a press release dated November 3, 2025 as Exhibit 99.1, providing results for the quarter.
The disclosure under Item 2.02, including Exhibit 99.1, is being furnished and is not deemed “filed” under the Exchange Act, nor incorporated by reference under the Securities Act except as specifically referenced.
Magnachip Semiconductor Corporation filed an amended report to add details of new agreements with Interim Chief Executive Officer Camillo Martino. The company entered into a Consulting Agreement under which he receives cash compensation of $387,504 per year, paid monthly, plus a grant of 105,484 restricted stock units. These RSUs vest in full on the earlier of August 11, 2026 or a change of control, under the company’s 2020 equity plan.
Separately, Magnachip Semiconductor, Ltd., the Korean subsidiary, signed an Executive Service Agreement appointing Martino as its Representative Director effective August 12, 2025. For this role he will receive total cash compensation of $112,500, paid monthly, starting on the later of November 1, 2025 or Korean work permit approval and ending by August 10, 2026 or when a new Representative Director starts.
Magnachip Semiconductor Corporation filed an amended current report to provide full details of the separation agreement with Theodore S. Kim, its Chief Compliance Officer, General Counsel and Secretary. Under the agreement, Mr. Kim resigned all positions with Magnachip and its subsidiaries on September 9, 2025, and his employment will end effective at the end of October 21, 2025.
Magnachip agreed to pay cash severance equal to twelve times Mr. Kim’s monthly base salary, payable in installments over twelve months after the separation date, plus a prorated annual bonus for calendar year 2025. Outstanding unvested equity awards will be treated as if his departure were a termination without cause under the company’s equity plans, and certain expatriate benefits will temporarily continue. These benefits are conditioned on Mr. Kim signing and not revoking a release of claims and complying with his confidentiality and related agreements. The executed separation agreement is filed as an exhibit.
Magnachip Semiconductor appointed Camillo Martino as Interim Chief Executive Officer on August 11, 2025. Mr. Martino, age 63, has served as non-executive Chairman since June 2020 and as a director since August 2016; he will continue as Chair but has stepped down from the Audit, Compensation and Nominating and Corporate Governance Committees. The prior CEO, Young-Joon Kim, resigned as Chief Executive Officer on August 11, 2025 and from the Board on August 8, 2025 and will remain the liquidator of Magnachip Mixed-Signal, Ltd. until its liquidation is complete. Under a Separation Agreement, the company agreed to pay Mr. Kim cash severance equal to twenty-four times his monthly base salary, payable ratably over 24 months with the first payment due two months after separation, plus any earned prorated 2025 bonus; outstanding unvested equity awards will be treated as if the separation were a termination without cause for purposes of the applicable equity plans. The Separation Benefits are contingent on execution and non-revocation of a release and compliance with confidentiality and other agreements. The Separation Agreement is filed as Exhibit 10.1 and a related press release is furnished as Exhibit 99.1.
Magnachip Semiconductor (NYSE:MX) filed a Form 8-K reporting the results of its 2025 Annual Meeting held on June 23, 2025.
With 79.21% quorum (28.6 M shares), shareholders re-elected all five directors, gave 77% advisory approval to 2024 executive compensation (16.1 M for / 4.7 M against) and ratified Ernst & Young Han Young as auditor for FY 2025 (28.1 M for / 0.45 M against). No other matters were brought forward.