Magnachip reported second-quarter 2026 results with consolidated revenue from continuing operations of $44.7 million and a consolidated gross profit margin of 19.3%. The company recorded an operating loss of $9.98 million and net loss of $4.82 million for the quarter, while adjusted diluted loss per common share was $(0.13). Management provided Q3 2026 revenue guidance of $41.5 million to $45.5 million and a gross margin range of 17%–19%.
Financial Highlights
- Consolidated revenue from continuing operations: $44.7 million for Q2 2026.
- Gross profit: $8.65 million; gross profit margin: 19.3% for Q2 2026.
- Operating loss (GAAP): $(9,976) thousand for Q2 2026.
- Net income (loss): Net loss of $(4,815) thousand for Q2 2026.
- Non-GAAP adjusted loss per diluted common share: $(0.13) for Q2 2026 (Adjusted Loss — continuing operations).
Business Highlights
- Leadership change: Chae Lee appointed Chief Executive Officer and outlined strategic transformation to rebuild and focus on differentiated power semiconductor solutions.
- Product launch: Introduced 6th-generation 600V SJ MOSFETs targeted at AI server and EV charging applications.
- Strategic partnership: Formed a licensing partnership with Navitas Semiconductor to license SiC technology for high-voltage and ultra-high-voltage power markets.
- Segment performance: Power Analog Solutions remained the largest segment with $40.6 million in revenue; Power IC revenue was $4.13 million in Q2 2026.
- Near-term operational constraints: Management cited packaging supply-chain constraints, lower-than-expected customer volumes in some consumer applications, and unfavorable product mix as drivers for expected sequential revenue decline in Q3.
Original SEC Filing:
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