MagnaChip Semiconductor (MX)
Market Price (11/6/2026): $2.16 | Market Cap: $161.0 MilSector: Information Technology | Industry: Semiconductors
MagnaChip Semiconductor (MX)
Market Price (11/6/2026): $2.16Market Cap: $161.0 MilSector: Information TechnologyIndustry: Semiconductors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -60% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -25% Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, 5G & Advanced Connectivity, and Artificial Intelligence. Themes include EV Manufacturing, Show more. | Weak multi-year price returns2Y Excs Rtn is -88%, 3Y Excs Rtn is -156% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -37 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -21% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11%, Rev Chg QQuarterly Revenue Change % is -6.1% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -12% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -45% Key risksMX key risks include [1] declining revenue and gross profit margins and [2] inherent execution risks tied to its ongoing strategic business transformation. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -60% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -25% |
| Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, 5G & Advanced Connectivity, and Artificial Intelligence. Themes include EV Manufacturing, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -88%, 3Y Excs Rtn is -156% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -37 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -21% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11%, Rev Chg QQuarterly Revenue Change % is -6.1% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -12% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -45% |
| Key risksMX key risks include [1] declining revenue and gross profit margins and [2] inherent execution risks tied to its ongoing strategic business transformation. |
Qualitative Assessment
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MagnaChip Semiconductor (MX) stock has lost about 35% since 7/31/2026 because of the following key factors:
1. Significant Miss on Fiscal Q3 2026 Profitability and Weak Fiscal Q4 2026 Outlook. MagnaChip's gross profit margin for fiscal Q3 2026 fell to 14.0%, substantially below its guidance of 17% to 19% and a decline from 19.3% in fiscal Q2 2026. This resulted in a GAAP diluted loss per share of $0.36, which was significantly wider than the analyst estimate of a $0.14 loss per share. The company further projected a sequential decline in gross margin to between 10% and 12% for fiscal Q4 2026, indicating persistent profitability pressures.
2. Adverse Foreign Exchange Headwinds. The sharp appreciation of the Korean Won against the U.S. dollar was identified as a primary driver for the lower-than-expected gross profit margin in fiscal Q3 2026. This unfavorable foreign exchange movement directly impacted the company's cost structure and is anticipated to continue pressuring profitability into fiscal Q4 2026.
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MagnaChip Semiconductor (MX) stock has lost about 35% since 7/31/2026 because of the following key factors:
1. Significant Miss on Fiscal Q3 2026 Profitability and Weak Fiscal Q4 2026 Outlook. MagnaChip's gross profit margin for fiscal Q3 2026 fell to 14.0%, substantially below its guidance of 17% to 19% and a decline from 19.3% in fiscal Q2 2026. This resulted in a GAAP diluted loss per share of $0.36, which was significantly wider than the analyst estimate of a $0.14 loss per share. The company further projected a sequential decline in gross margin to between 10% and 12% for fiscal Q4 2026, indicating persistent profitability pressures.
2. Adverse Foreign Exchange Headwinds. The sharp appreciation of the Korean Won against the U.S. dollar was identified as a primary driver for the lower-than-expected gross profit margin in fiscal Q3 2026. This unfavorable foreign exchange movement directly impacted the company's cost structure and is anticipated to continue pressuring profitability into fiscal Q4 2026.
3. Operational Disruptions and Soft Consumer Demand. MagnaChip experienced reduced factory utilization in fiscal Q3 2026 due to a power shutdown at its Gumi fabrication facility for an electrical substation upgrade, which is expected to further affect fiscal Q4 2026 gross margins. Additionally, the company's revenue of $44.0 million for fiscal Q3 2026, while within guidance, represented a 1.6% sequential decline, attributed in part to lower customer volumes in certain consumer applications and temporary packaging constraints.
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Stock Movement Drivers
Fundamental Drivers
The -37.1% change in MX stock from 7/31/2026 to 11/5/2026 was primarily driven by a -36.0% change in the company's P/S Multiple.| (LTM values as of) | 7312026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.26 | 2.05 | -37.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 180 | 177 | -1.6% |
| P/S Multiple | 0.7 | 0.4 | -36.0% |
| Shares Outstanding (Mil) | 36 | 36 | -0.1% |
| Cumulative Contribution | -37.1% |
Market Drivers
7/31/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| MX | -37.1% | |
| Market (SPY) | -1.9% | 51.3% |
| Sector (XLK) | -7.4% | 57.2% |
Fundamental Drivers
The -39.7% change in MX stock from 4/30/2026 to 11/5/2026 was primarily driven by a -38.4% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.40 | 2.05 | -39.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 179 | 177 | -0.8% |
| P/S Multiple | 0.7 | 0.4 | -38.4% |
| Shares Outstanding (Mil) | 36 | 36 | -1.3% |
| Cumulative Contribution | -39.7% |
Market Drivers
4/30/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| MX | -39.7% | |
| Market (SPY) | 2.3% | 46.5% |
| Sector (XLK) | 1.9% | 60.0% |
Fundamental Drivers
The -33.9% change in MX stock from 10/31/2025 to 11/5/2026 was primarily driven by a -25.1% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.10 | 2.05 | -33.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 199 | 177 | -10.8% |
| P/S Multiple | 0.6 | 0.4 | -25.1% |
| Shares Outstanding (Mil) | 36 | 36 | -1.0% |
| Cumulative Contribution | -33.9% |
Market Drivers
10/31/2025 to 11/5/2026| Return | Correlation | |
|---|---|---|
| MX | -33.9% | |
| Market (SPY) | 8.4% | 42.1% |
| Sector (XLK) | 8.4% | 54.1% |
Fundamental Drivers
The -72.3% change in MX stock from 10/31/2023 to 11/5/2026 was primarily driven by a -65.8% change in the company's P/S Multiple.| (LTM values as of) | 10312023 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.39 | 2.05 | -72.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 250 | 177 | -29.1% |
| P/S Multiple | 1.2 | 0.4 | -65.8% |
| Shares Outstanding (Mil) | 42 | 36 | 14.5% |
| Cumulative Contribution | -72.3% |
Market Drivers
10/31/2023 to 11/5/2026| Return | Correlation | |
|---|---|---|
| MX | -72.3% | |
| Market (SPY) | 81.3% | 36.0% |
| Sector (XLK) | 101.5% | 43.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MX Return | 55% | -55% | -20% | -46% | -37% | -20% | -85% |
| Peers Return | 72% | -21% | 12% | 3% | -11% | 29% | 80% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| MX Win Rate | 58% | 42% | 42% | 17% | 42% | 45% | |
| Peers Win Rate | 68% | 42% | 60% | 45% | 47% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| MX Max Drawdown | -37% | -59% | -42% | -54% | -55% | -77% | |
| Peers Max Drawdown | -21% | -37% | -34% | -29% | -45% | -41% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ON, AOSL, DIOD, TXN, ADI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)
How Low Can It Go
| Event | MX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -44.2% | -18.8% |
| % Gain to Breakeven | 79.2% | 23.1% |
| Time to Breakeven | 381 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -24.4% | -9.5% |
| % Gain to Breakeven | 32.3% | 10.5% |
| Time to Breakeven | 911 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -18.5% | -6.7% |
| % Gain to Breakeven | 22.6% | 7.1% |
| Time to Breakeven | 11 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -51.3% | -33.7% |
| % Gain to Breakeven | 105.5% | 50.9% |
| Time to Breakeven | 205 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -40.7% | -19.2% |
| % Gain to Breakeven | 68.6% | 23.8% |
| Time to Breakeven | 171 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -34.3% | -3.7% |
| % Gain to Breakeven | 52.2% | 3.9% |
| Time to Breakeven | 77 days | 6 days |
In The Past
MagnaChip Semiconductor's stock fell -44.2% during the 2025 US Tariff Shock. Such a loss loss requires a 79.2% gain to breakeven.
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Asset Allocation
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| Event | MX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -44.2% | -18.8% |
| % Gain to Breakeven | 79.2% | 23.1% |
| Time to Breakeven | 381 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -24.4% | -9.5% |
| % Gain to Breakeven | 32.3% | 10.5% |
| Time to Breakeven | 911 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -51.3% | -33.7% |
| % Gain to Breakeven | 105.5% | 50.9% |
| Time to Breakeven | 205 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -40.7% | -19.2% |
| % Gain to Breakeven | 68.6% | 23.8% |
| Time to Breakeven | 171 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -34.3% | -3.7% |
| % Gain to Breakeven | 52.2% | 3.9% |
| Time to Breakeven | 77 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -65.7% | -12.2% |
| % Gain to Breakeven | 191.8% | 13.9% |
| Time to Breakeven | 407 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -71.6% | -6.8% |
| % Gain to Breakeven | 252.3% | 7.3% |
| Time to Breakeven | 540 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -49.3% | -17.9% |
| % Gain to Breakeven | 97.2% | 21.8% |
| Time to Breakeven | 139 days | 123 days |
In The Past
MagnaChip Semiconductor's stock fell -44.2% during the 2025 US Tariff Shock. Such a loss loss requires a 79.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About MagnaChip Semiconductor (MX)
Magnachip Semiconductor (MX) is a technology company specializing in the design, manufacture, and supply of analog and mixed-signal semiconductor platform solutions. These essential components act as the backbone for various electronic devices, enabling them to process both analog and digital signals crucial for modern functionality across communications, Internet of Things (IoT), consumer, industrial, and automotive applications.
The company offers two main categories of products. Its display solutions include source and gate drivers, along with timing controllers, which are vital integrated circuits for a wide array of flat panel displays. These are found in mobile communications devices, automotive systems, entertainment electronics, notebook PCs, monitors, LCDs, and advanced micro LED televisions. Magnachip also specifically provides organic light-emitting diode (OLED) display driver integrated circuits for high-definition OLED televisions.
In addition to display solutions, Magnachip provides a comprehensive suite of power management integrated circuits. This portfolio features components such as metal oxide semiconductor field-effect transistors (MOSFETs), insulated-gate bipolar transistors (IGBTs), AC-DC and DC-DC converters, LED drivers, regulators, and other power management ICs. These are critical for efficient power delivery in devices ranging from smartphones, wearable devices, and PCs to televisions and various consumer electronics. They also cater to industrial applications like power suppliers, e-bikes, photovoltaic inverters, LED lighting, motor drives, and home appliances. Magnachip serves a global customer base of original equipment manufacturers (OEMs), original design manufacturers (ODMs), and electronics manufacturing services (EMS) companies in the consumer, computing, and industrial electronics sectors across regions including Korea, the Asia Pacific, the United States, and Europe.
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Here are 1-3 brief analogies for MagnaChip Semiconductor (MX):
- Imagine a focused Texas Instruments, specializing in the chips that drive displays and manage power within consumer electronics.
- Like Infineon for power management semiconductors, but also a significant supplier of display driver chips.
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- Display Solutions: Semiconductor components such as source and gate drivers and timing controllers for various flat panel displays.
- Power Management Integrated Circuits (PMICs) & Discrete Power Devices: A range of semiconductor devices for power conversion, regulation, and management across various electronic applications.
- OLED Display Driver Integrated Circuits: Specialized integrated circuits designed to drive and control organic light-emitting diode displays, primarily for OLED TVs.
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MagnaChip Semiconductor (MX) primarily sells its products to other companies, rather than directly to individuals. Based on the provided description, the company serves a diverse range of customers within the global electronics industry.
Its major customer categories include:
- Original Equipment Manufacturers (OEMs) across consumer, computing, and industrial electronics.
- Original Design Manufacturers (ODMs).
- Electronics Manufacturing Services (EMS) companies.
- Subsystem designers.
The provided company description does not list specific names of customer companies.
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- SK Hynix System IC (part of SK Hynix; KRX: 000660)
- United Microelectronics Corporation (NYSE: UMC)
- Samsung Foundry (part of Samsung Electronics; KRX: 005930)
- DB Hitek (KRX: 000990)
- Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM)
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Camillo Martino, Interim Chief Executive Officer and Chairman of the Board
Camillo Martino was appointed Interim Chief Executive Officer in August 2025 and has served as Chairman of the Board since June 2020. He previously held the position of Chief Executive Officer at Silicon Image Inc. from January 2010 until its acquisition by Lattice Semiconductor Corporation in March 2015. Mr. Martino also served as Chief Operating Officer of SAI Technology Inc. from 2008 to 2009 and as President and Chief Executive Officer of Cornice Inc. from 2005 to 2007. Earlier in his career, he was Executive Vice President and Chief Operating Officer at Zoran Corporation from 2001 to 2005 and held various positions at National Semiconductor Corporation for nearly 14 years. He currently serves on the board of directors for CXApp and several privately-held companies, including VVDN Technologies, Sakuu, and Ceremorphic.
Shin Young Park, Chief Financial Officer and Chief Accounting Officer
Shin Young Park was promoted to Chief Financial Officer on January 1, 2022, and has also served as Chief Accounting Officer since March 2020. She joined Magnachip in 2014, serving as Corporate Controller from November 2018 to February 2020 and as SEC Reporting and Accounting Director from April 2015 to October 2018. Before joining Magnachip, Ms. Park gained 10 years of experience in senior advisory and audit services with Deloitte in Chicago, Seoul, and London.
Seung Hoon Lee, Chief of Manufacturing and Chief Safety Officer
Seung Hoon Lee has served as Magnachip's Chief of Manufacturing and Chief Safety Officer since 2022. From 2024 to 2025, he was the Acting Co-General Manager of Power Analog Solutions. Prior to these roles, Mr. Lee was Chief of Manufacturing for the company's factories in Cheongju and Gumi, Korea, from 2015 to 2020. He also held the position of Chief of Manufacturing for the Gumi factory from 2012 to 2015 and for the Cheongju factory from 2007 to 2012.
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The key risks to MagnaChip Semiconductor (symbol: MX) are:
- Ongoing Financial Losses and Declining Revenue: MagnaChip Semiconductor has reported significant financial challenges, including a net loss of $29.7 million and an operating loss of $35.9 million in 2025, alongside negative Adjusted EBITDA. The company has also experienced a decline in revenue and earnings per share over the past five years, with gross margins remaining below earlier levels.
- High Customer Concentration: The company faces substantial risk due to its high customer concentration. The top ten customers accounted for 74.3% of its Power Solutions sales in 2025, with a single customer, SAMT, representing 29.7% of these sales. This reliance on a limited number of customers makes MagnaChip vulnerable to changes in their purchasing decisions or business relationships.
- Semiconductor Industry Cyclicality and Intense Competition: As a pure-play power semiconductor provider, MagnaChip is inherently exposed to the cyclical nature of the semiconductor industry. This includes risks associated with market downturns, rapid technological advancements, and intense competition from other semiconductor manufacturers.
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MagnaChip Semiconductor Corporation (MX) operates in several significant addressable markets for its semiconductor solutions. The company's main products and services fall into the categories of display solutions and power solutions.
Display Solutions
MagnaChip provides display solutions, including source and gate drivers and timing controllers, which are integral to various flat panel displays. The broader market for these components, known as Display Driver ICs (DDICs), is substantial.
- The global display driver market was valued at approximately USD 9.1 billion in 2023 and is projected to grow to USD 13.9 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 5.1% from 2024 to 2032.
- The Asia-Pacific region dominated the global Display Driver Integrated Circuit (DDIC) market in 2023 due to a high concentration of display device manufacturers and panel producers. China, in particular, holds the largest market share at approximately 50%, with Japan following at around 20%.
- South Korea is expected to record the highest CAGR at 9.85% through 2031 in the display driver market.
OLED Display Driver Integrated Circuits (OLED DDICs)
A specialized segment within display solutions, MagnaChip also offers OLED Display Driver Integrated Circuits for OLED TVs and other devices.
- The global OLED Display Driver IC market was approximately USD 2.5 billion in 2023 and is projected to expand to an estimated USD 5.6 billion by 2032, growing at a robust CAGR of 9.3%.
- The Asia Pacific region is anticipated to be the dominant force in the OLED Display Driver IC market, driven by its strong manufacturing base and technological advancements.
Power Solutions (PMICs, MOSFETs, and IGBTs)
MagnaChip's power solutions encompass a range of products, including Power Management Integrated Circuits (PMICs), Metal Oxide Semiconductor Field-Effect Transistors (MOSFETs), and Insulated-Gate Bipolar Transistors (IGBTs).
Power Management Integrated Circuits (PMICs)
- The global power management IC market was valued at USD 40.86 billion in 2024 and is expected to exceed USD 79.11 billion by 2034, with a CAGR of 6.83% from 2025 to 2034.
- Asia Pacific held the largest market share of 44% in the global power management IC market in 2024, with the North American market projected to experience the fastest growth.
Power MOSFETs
- The global Power MOSFET market size was valued at USD 10.59 billion in 2024 and is poised to grow to USD 21.35 billion by 2033, at a CAGR of 8.1% during the forecast period (2026-2033).
- Another estimate places the global Power MOSFET market size at USD 31.48 billion in 2025, with projections to reach USD 66.51 billion by 2033, at a CAGR of 9.80% from 2025 to 2033.
- North America holds a significant market position in the Power MOSFET market, with a 38% market share.
Insulated-Gate Bipolar Transistors (IGBTs)
- The global IGBT power device market size was valued at USD 9.45 billion in 2025 and is projected to grow to USD 17.25 billion by 2034, exhibiting a CAGR of 9.5% during this period.
- The global IGBT market reached an estimated size of approximately USD 7.45 billion in 2024, with the Asia-Pacific region contributing over 44% of the total market share in that year.
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1. Strategic Focus on Power Semiconductors and New Generation Products
MagnaChip has completely exited its display business, finalizing the liquidation of its Mixed-Signal subsidiary in October 2025, to become a pure-play provider of Power Analog Solutions and Power Integrated Circuits (ICs). This strategic pivot is accompanied by an aggressive rollout of new-generation power semiconductor products. The company launched 55 new-generation products in 2025 and plans to introduce over 40 more in 2026. These new products are anticipated to contribute approximately 10% of total revenue by the fourth quarter of 2026, a significant increase from 2% in 2025, signaling a shift towards higher-margin, proprietary offerings.
2. Expansion in the Automotive Market
A significant driver of future revenue growth for MagnaChip is its accelerated entry into the Electric Vehicle (EV) semiconductor market. The company is increasing its production of high-voltage Super-Junction MOSFETs and Insulated-Gate Bipolar Transistors (IGBTs), which are crucial components for EV applications such as traction inverters and onboard charging. Management has set an ambitious target, projecting automotive-related revenue to increase from under 5% in 2023 to 15% by the end of 2026.
3. Growth in Industrial and Renewable Energy Applications
MagnaChip is actively diversifying its revenue streams by targeting industrial original equipment manufacturers for Power Management Integrated Circuits (PMICs) and focusing on the renewable energy sector, including applications like solar inverters and industrial automation. This strategic expansion into broader industrial markets aims to reduce the company's reliance on more cyclical demand from traditional consumer electronics.
4. Strategic Partnerships and Customer Relationship Expansion
The company is actively pursuing and expanding strategic partnerships and customer relationships, particularly within Korea and with Tier-1 suppliers in Europe and Mainland China. These alliances are vital for validating new product designs and scaling up volume production, especially for its automotive and industrial product lines, thereby enhancing its market position and potential for value creation.
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Share Repurchases
- Magnachip completed the repurchase of 6,967,364 shares for a total of $87.5 million under a stock buyback program initially announced in December 2021 and expanded in September 2022.
- As of September 2022, the company had already repurchased shares worth $37.5 million, with an additional $50.0 million authorized for repurchase under the expanded program.
- In 2025, $3.6 million was spent on share repurchases, predominantly in the first half of the year.
Share Issuance
- Between December 31, 2024, and December 31, 2025, the number of issued shares increased by 529,189 (from 57,498,507 to 58,027,696).
Outbound Investments
- MagnaChip signed a strategic agreement to expand its industrial business based on a jointly developed Insulated Gate Bipolar Transistor (IGBT) technology with Hyundai Mobis.
Capital Expenditures
- In 2025, MagnaChip's total capital expenditures were $30 million, with a net cash impact of $13 million after equipment loans.
- A significant portion of the 2025 capital expenditures included $21.4 million spent on the Gumi fab upgrade, of which $17.0 million was financed through equipment loans.
- As part of a five-year growth plan covering 2021 to 2025, the company announced investments of approximately 340 billion Korean won (roughly $280-$310 million) in its R&D centers and around 131 billion Korean won (roughly $110-$120 million) in manufacturing facilities in Gumi, primarily to strengthen its power semiconductor product capabilities.
Peer Outperformance in Semiconductors
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| MX | MagnaChip Semiconductor | -10.5% | -2.4x | -19.9% | -71.7% | -89.1% | — |
| ON | ON Semiconductor | -8.2% | 35.6x | 25.8% | -4.9% | 6.6% | +96pp |
| MCHP | Microchip Technology | -13.2% | 73.5x | 9.5% | -6.9% | -15.7% | +73pp |
| SWKS | Skyworks Solutions | -6.7% | 42.1x | 14.1% | -0.6% | -43.0% | +46pp |
| NVTS | Navitas Semiconductor | -9.2% | -6.2x | -20.3% | 31.4% | -47.6% | +41pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 10 | -4.5% | 87.9% | 147.0% | FLEX 399% · TTMI 335% · JBL 268% |
| Technology Distributors | 9 | 41.5% | 40.5% | 44.9% | AVT 115% · SNX 101% · CNXN 68% |
| Semiconductor Materials & Equipment | 28 | 19.0% | 38.5% | 18.3% | AXTI 298% · KLAC 227% · LRCX 219% |
| Communications Equipment | 36 | -6.2% | 75.3% | 17.2% | AAOI 700% · LITE 446% · ANET 380% |
| Electronic Components | 24 | 3.9% | 54.9% | 16.5% | CLS 1768% · BELFA 923% · APH 268% |
| Electronic Equipment & Instruments | 27 | -7.8% | 26.6% | 4.8% | PI 107% · OSIS 100% · CXT 61% |
| Semiconductors ← | 55 | -6.9% | 28.4% | -15.7% | MU 822% · NVDA 513% · AVGO 470% |
| Technology Hardware, Storage & Peripherals | 21 | -9.8% | 50.3% | -27.4% | WDC 540% · DELL 520% · SMCI 481% |
| Internet Services & Infrastructure | 6 | -1.5% | 35.3% | -29.3% | GDDY 65% · VRSN 37% · AKAM -27% |
| IT Consulting & Other Services | 30 | -22.2% | -1.8% | -32.0% | APLD 222% · IBM 142% · GIB -9% |
| Application Software | 125 | -11.5% | -10.1% | -49.9% | PLTR 496% · AGYS 140% · FROG 91% |
| Systems Software | 70 | -11.3% | 19.3% | -56.2% | ZETA 220% · CRWD 218% · CVLT 132% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Can MagnaChip Semiconductor Stock Hold Up When Markets Turn? | 10/17/2025 |
| Title | |
|---|---|
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 71.09 |
| Mkt Cap | 14.5 |
| Rev LTM | 4,002 |
| Op Inc LTM | 648 |
| FCF LTM | 880 |
| FCF 3Y Avg | 715 |
| CFO LTM | 1,010 |
| CFO 3Y Avg | 1,008 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.4% |
| Rev Chg 3Y Avg | -2.0% |
| Rev Chg Q | 16.4% |
| QoQ Delta Rev Chg LTM | 3.9% |
| Op Inc Chg LTM | 36.3% |
| Op Inc Chg 3Y Avg | -11.4% |
| Op Mgn LTM | 12.0% |
| Op Mgn 3Y Avg | 12.9% |
| QoQ Delta Op Mgn LTM | 1.2% |
| CFO/Rev LTM | 21.5% |
| CFO/Rev 3Y Avg | 20.1% |
| FCF/Rev LTM | 17.0% |
| FCF/Rev 3Y Avg | 12.5% |
Price Behavior
| Market Price | $2.05 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 03/11/2011 | |
| Distance from 52W High | -77.0% | |
| 50 Days | 200 Days | |
| DMA Price | $2.95 | $3.65 |
| DMA Trend | down | indeterminate |
| Distance from DMA | -30.5% | -43.8% |
| 3M | 1YR | |
| Volatility | 75.4% | 98.7% |
| Downside Capture | 370.62 | 368.14 |
| Upside Capture | 82.12 | 297.49 |
| Correlation (S&P 500) | 30.1% | 38.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.51 | 3.00 | 3.04 | 4.01 | 3.13 | 1.60 |
| Up Beta | -2.94 | 6.17 | 5.09 | 2.97 | 2.73 | 1.27 |
| Down Beta | 2.87 | 2.67 | 2.72 | 2.75 | 1.71 | 1.53 |
| Up Capture | 40% | 196% | 197% | 750% | 1165% | 309% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 6 | 15 | 23 | 46 | 111 | 333 |
| Down Capture | 568% | 311% | 303% | 289% | 185% | 113% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 14 | 25 | 37 | 74 | 131 | 386 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MX | |
|---|---|---|---|---|
| MX | -28.2% | 98.7% | 0.11 | - |
| Sector ETF (XLK) | 11.0% | 28.3% | 0.35 | 53.8% |
| Equity (SPY) | 9.5% | 13.6% | 0.41 | 41.6% |
| Gold (GLD) | 3.6% | 28.7% | 0.11 | 15.8% |
| Commodities (DBC) | 37.7% | 21.2% | 1.40 | -12.0% |
| Real Estate (VNQ) | 12.0% | 14.2% | 0.55 | -1.4% |
| Bitcoin (BTCUSD) | -20.8% | 43.3% | -0.42 | 19.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MX | |
|---|---|---|---|---|
| MX | -35.5% | 61.0% | -0.48 | - |
| Sector ETF (XLK) | 15.9% | 26.4% | 0.55 | 40.8% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 33.7% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 9.8% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | 4.6% |
| Real Estate (VNQ) | 1.2% | 18.9% | -0.05 | 15.6% |
| Bitcoin (BTCUSD) | 5.9% | 51.5% | 0.29 | 17.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MX | |
|---|---|---|---|---|
| MX | -13.0% | 57.1% | -0.01 | - |
| Sector ETF (XLK) | 22.4% | 25.3% | 0.81 | 40.3% |
| Equity (SPY) | 14.9% | 18.0% | 0.70 | 36.1% |
| Gold (GLD) | 12.0% | 16.5% | 0.59 | 5.7% |
| Commodities (DBC) | 7.6% | 18.1% | 0.33 | 11.9% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 20.1% |
| Bitcoin (BTCUSD) | 61.3% | 66.2% | 1.01 | 14.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 11/4/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | 5.6% | 21.9% | 7.6% |
| 4/28/2026 | -31.8% | -16.2% | 39.4% |
| 3/4/2026 | 7.1% | 4.5% | 6.7% |
| 11/3/2025 | -8.4% | -26.0% | -3.5% |
| 7/31/2025 | -27.8% | -33.7% | -23.2% |
| 5/12/2025 | -2.4% | 22.8% | 17.7% |
| 3/12/2025 | -5.4% | 1.7% | -27.7% |
| 10/30/2024 | -1.6% | -12.9% | -3.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 6 | 9 |
| # Negative | 17 | 17 | 14 |
| Median Positive | 5.3% | 5.0% | 8.0% |
| Median Negative | -5.2% | -7.6% | -11.7% |
| Max Positive | 13.0% | 22.8% | 39.4% |
| Max Negative | -31.8% | -33.7% | -27.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | 5.6% | 21.9% | 7.6% |
| 4/28/2026 | -31.8% | -16.2% | 39.4% |
| 3/4/2026 | 7.1% | 4.5% | 6.7% |
| 11/3/2025 | -8.4% | -26.0% | -3.5% |
| 7/31/2025 | -27.8% | -33.7% | -23.2% |
| 5/12/2025 | -2.4% | 22.8% | 17.7% |
| 3/12/2025 | -5.4% | 1.7% | -27.7% |
| 10/30/2024 | -1.6% | -12.9% | -3.6% |
| 7/31/2024 | 13.0% | -1.8% | -4.9% |
| 5/2/2024 | 3.2% | 0.2% | 1.2% |
| 2/28/2024 | -14.8% | -17.9% | -16.6% |
| 11/2/2023 | -3.1% | -10.8% | -14.4% |
| 8/7/2023 | 0.7% | -5.7% | -10.1% |
| 5/3/2023 | -0.3% | -0.1% | 18.5% |
| 2/16/2023 | -5.2% | -5.0% | -15.0% |
| 11/2/2022 | -5.8% | -10.6% | -3.4% |
| 8/8/2022 | -14.0% | -5.6% | -19.7% |
| 5/3/2022 | -0.5% | -9.9% | 8.7% |
| 2/16/2022 | -0.7% | -3.2% | -6.8% |
| 10/25/2021 | 5.0% | 5.5% | 6.2% |
| 8/5/2021 | -7.1% | -7.6% | -13.3% |
| 5/10/2021 | -0.8% | -5.9% | -3.3% |
| 2/17/2021 | -1.7% | -5.5% | 8.0% |
| SUMMARY STATS | |||
| # Positive | 6 | 6 | 9 |
| # Negative | 17 | 17 | 14 |
| Median Positive | 5.3% | 5.0% | 8.0% |
| Median Negative | -5.2% | -7.6% | -11.7% |
| Max Positive | 13.0% | 22.8% | 39.4% |
| Max Negative | -31.8% | -33.7% | -27.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/10/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/14/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/08/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/08/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/10/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/14/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/08/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/08/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 02/23/2022 | 10-K |
| 09/30/2021 | 11/05/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/10/2021 | 10-Q |
| 12/31/2020 | 03/09/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/07/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 02/21/2020 | 10-K |
| 09/30/2019 | 11/07/2019 | 10-Q |
Recent Forward Guidance
Updated 11/5/2026Latest: Q3 2026 Earnings Reported 11/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Revenue | Reported | 41.00 Mil | 43.00 Mil | 45.00 Mil | -1.1% | Lower New | Guidance: 43.50 Mil for Q3 2026 | |
| Q4 2026 Revenue Growth Sequential | Reported | -2.2% | ||||||
| Q4 2026 Revenue Growth Year-over-Year | Reported | 6.0% | ||||||
| Q4 2026 Gross Profit Margin | Reported | 10.0% | 11.0% | 12.0% | -7.0% | Lower New | Guidance: 18.0% for Q3 2026 | |
Prior: Q2 2026 Earnings Reported 7/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | Reported | 41.50 Mil | 43.50 Mil | 45.50 Mil | -6.5% | Lower New | Guidance: 46.50 Mil for Q2 2026 | |
| Q3 2026 Gross Profit | Calculated | 7.06 Mil | 7.83 Mil | 8.64 Mil | Rev x Gross Margin | |||
| Q3 2026 Gross Profit Margin | Reported | 17.0% | 18.0% | 19.0% | 0 | Same New | Guidance: 18.0% for Q2 2026 | |
Q1 2026 Earnings Reported 4/28/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | Reported | 44.50 Mil | 46.50 Mil | 48.50 Mil | 1.1% | Higher New | Guidance: 46.00 Mil for Q1 2026 | |
| Q2 2026 Gross Profit | Calculated | 7.57 Mil | 8.37 Mil | 9.21 Mil | Rev x Gross Margin | |||
| Q2 2026 Gross Profit Margin | Reported | 17.0% | 18.0% | 19.0% | 3.0% | Higher New | Guidance: 15.0% for Q1 2026 | |
Q4 2025 Earnings Reported 3/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | Reported | 44.00 Mil | 46.00 Mil | 48.00 Mil | 13.6% | Higher New | Guidance: 40.50 Mil for Q4 2025 | |
| Q1 2026 Gross Profit | Calculated | 6.16 Mil | 6.90 Mil | 7.68 Mil | Rev x Gross Margin | |||
| Q1 2026 Gross Profit Margin | Reported | 14.0% | 15.0% | 16.0% | 6.0% | Higher New | Guidance: 9.0% for Q4 2025 | |
Insider Activity
Updated 9/25/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lee, Chae | Chief Executive Officer | Direct | Buy | 9252026 | 3.22 | 20,000 | 64,398 | 1,251,736 | Form |
| 2 | Lee, Chae | Chief Executive Officer | Direct | Buy | 9252026 | 3.18 | 80,000 | 254,098 | 1,171,233 | Form |
| 3 | Nathan, Gilbert E | GT Investments II Corp | Buy | 3172026 | 2.87 | 21,994 | 63,050 | 453,512 | Form | |
| 4 | Nathan, Gilbert E | GT Investments II Corp | Buy | 3162026 | 2.79 | 13,006 | 36,249 | 379,620 | Form | |
| 5 | Nathan, Gilbert E | GT Investments II Corp | Buy | 3162026 | 2.75 | 25,000 | 68,675 | 338,430 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lee, Chae | Chief Executive Officer | Direct | Buy | 9252026 | 3.22 | 20,000 | 64,398 | 1,251,736 | Form |
| 2 | Lee, Chae | Chief Executive Officer | Direct | Buy | 9252026 | 3.18 | 80,000 | 254,098 | 1,171,233 | Form |
| 3 | Nathan, Gilbert E | GT Investments II Corp | Buy | 3172026 | 2.87 | 21,994 | 63,050 | 453,512 | Form | |
| 4 | Nathan, Gilbert E | GT Investments II Corp | Buy | 3162026 | 2.79 | 13,006 | 36,249 | 379,620 | Form | |
| 5 | Nathan, Gilbert E | GT Investments II Corp | Buy | 3162026 | 2.75 | 25,000 | 68,675 | 338,430 | Form |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Semiconductors Resources |
| EE Times |
| Semiconductor Engineering |
| Semiconductor Digest |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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