Overview

* Magnachip Q3 revenue $45.9 mln, down 17.1% yr/yr

* Gross profit margin at 18.6%, low end of co's guidance range

* Company executed cost reduction programs, plans product expansion

Outlook

* Magnachip expects Q4 2025 revenue between $38.5 mln and $42.5 mln

* Company projects Q4 2025 gross profit margin of 8% to 10%

* Full-year 2025 revenue expected to decline 3.8% year-over-year

Result Drivers

* COMMUNICATIONS SEGMENT - Product revenue in the segment grew 34% sequentially and 95% yr/yr

* COST REDUCTION - Executed cost reduction programs including headcount reduction, expected to save $2.5 mln annually

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net -$13.09

Income mln

Q3 -$3.96

Adjusted mln

EBITDA

Q3 Gross 18.60%

Margin

Q3 Beat -$7.42 -$7.70

Adjusted mln mln (1

EBIT Analyst)

Q3 -$11.53

Operatin mln

g Income

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the semiconductors peer group is "buy"

* Wall Street's median 12-month price target for MagnaChip Semiconductor Corp ( MX ) is $5.00, about 38% above its October 31 closing price of $3.10

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)