MAGNACHIP SEMICONDUCTOR Corp
Business
Magnachip Semiconductor is a designer and manufacturer of analog and mixed-signal power semiconductor solutions for industrial, automotive, communication, consumer and computing applications. The company develops and manufactures Power Analog Solutions products (MOSFETs and IGBTs) and Power IC products (AC-DC/DC-DC converters, LED drivers, regulators, PMICs and level shifters). Magnachip operates as a fabless and integrated device manufacturer with design centers and manufacturing operations in Korea, serving leading consumer electronics OEMs, original design manufacturers and electronics manufacturing services companies globally.
Summary from 10-K filed 2026-03-16
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 179 | 196 | 230 | 338 | 474 | |
| Cost of sales | 147 | 158 | 178 | 236 | 321 | |
| Gross profit | 31 | 39 | 52 | 101 | 154 | |
| Selling, general and administrative expenses | 35 | 38 | 48 | 51 | 52 | |
| Research and development expenses | 27 | 25 | 52 | 52 | 51 | |
| Early termination and other charges | 5 | 2 | 8 | 3 | 2 | |
| Total operating expenses | 67 | 65 | 109 | 107 | 70 | |
| Operating loss: | −36 | −26 | −58 | −5 | 83 | |
| Interest income | 5 | 8 | 10 | — | — | |
| Interest expense | −2 | −2 | −828,000 | −1 | −1 | |
| Foreign currency loss, net | −281,000 | −17 | 465,000 | −3 | −12 | |
| Other income, net | 298,000 | 485,000 | 13,000 | 561,000 | 1 | |
| Loss from continuing operations before income tax benefit, net | −32 | −36 | −48 | −3 | 74 | |
| Income tax benefit, net | −18 | −8 | −11 | 5 | 17 | |
| Loss from continuing operations | −14 | −27 | — | −8 | 57 | |
| Loss from discontinued operations, net of tax | −15 | −27 | — | — | — | |
| Net loss | −30 | −54 | −37 | −8 | 57 | |
| Basic (per share) | −0.82 | −1.44 | −0.89 | −0.18 | 1.26 | |
| Continuing operations | −0.39 | −0.72 | — | −0.18 | 1.26 | |
| Discontinued operations | −0.43 | −0.72 | — | 0 | 0 | |
| Diluted (per share) | −0.82 | −1.44 | −0.89 | −0.18 | 1.21 | |
| Continuing operations | −0.39 | −0.72 | — | −0.18 | 1.21 | |
| Discontinued operations | −0.43 | −0.72 | — | 0 | 0 | |
| Basic (shares) | 36 | 38 | 41 | 45 | 45 | |
| Diluted (shares) | 36 | 38 | 41 | 45 | 48 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 104 | 139 | 158 | 225 | 280 | |
| Accounts receivable, net | 26 | 28 | 33 | 35 | 51 | |
| Inventories, net | 34 | 31 | 33 | 40 | 39 | |
| Other receivables | 3 | 4 | 4 | 8 | 26 | |
| Prepaid expenses | 5 | 10 | 7 | 11 | 8 | |
| Hedge collateral (Note 10) | 1 | 2 | 1 | 3 | 3 | |
| Other current assets (Note 1) | 4 | 5 | 9 | 16 | 3 | |
| Total current assets | 177 | 219 | 245 | 338 | 409 | |
| Property, Plant and Equipment, Net | 100 | 81 | 100 | 111 | 108 | |
| Operating lease right-of-use assets | 2 | 3 | 5 | 5 | 4 | |
| Intangible assets, net | 454,000 | 507,000 | 2 | 2 | 2 | |
| Long-term prepaid expenses, net | 584,000 | 165,000 | 6 | 11 | 8 | |
| Deferred income taxes (Note 17) | 64 | 53 | 51 | 38 | 41 | |
| Other non-current assets | 7 | 22 | 12 | 12 | 11 | |
| Total assets | 352 | 379 | 420 | 517 | 584 | |
| Accounts payable | 21 | 22 | 24 | 18 | 38 | |
| Other accounts payable | 11 | 11 | 5 | 10 | 6 | |
| Accrued expenses | 7 | 9 | 10 | 10 | 20 | |
| Accrued income taxes | 81,000 | 56,000 | 1 | 3 | 12 | |
| Operating lease liabilities | 1 | 1 | 2 | 1 | 2 | |
| Other current liabilities (Note 1) | 3 | 4 | 3 | 5 | 7 | |
| Total current liabilities | 43 | 46 | 47 | 47 | 85 | |
| Long-term borrowings | 45 | 27 | 0 | — | — | |
| Accrued severance benefits, net | 12 | 17 | 16 | 23 | 33 | |
| Non-current operating lease liabilities | 690,000 | 2 | 3 | 4 | 2 | |
| Other non-current liabilities | 3 | 10 | 10 | 14 | 10 | |
| Total liabilities | 103 | 103 | 76 | 88 | 131 | |
| Commitments and contingencies | — | — | — | — | — | |
| Common stock, $0.01 par value, 150,000,000 shares authorized, 58,027,696 shares issued and 36,219,100 outstanding at December 31, 2025 and 57,498,507 shares issued and 36,912,118 outstanding at December 31, 2024 | 579,000 | 574,000 | 569,000 | 564,000 | 559,000 | |
| Additional paid-in capital | 282 | 279 | 273 | 266 | 241 | |
| Retained Earnings (Accumulated Deficit) | 215 | 245 | 299 | 336 | 344 | |
| Treasury stock, 21,808,596 shares at December 31, 2025 and 20,586,389 shares atDecember 31, 2024, respectively | −230 | −226 | −213 | −161 | −130 | |
| Accumulated other comprehensive loss | −19 | −22 | −15 | −13 | −2 | |
| Total stockholders' equity | 248 | 277 | 345 | 428 | 453 | |
| Total liabilities and stockholders' equity | 352 | 379 | 420 | 517 | 584 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net loss | −30 | −54 | −37 | −8 | 57 | |
| Depreciation and amortization | 13 | 16 | 17 | 15 | 14 | |
| Provision for severance benefits | 4 | 8 | 5 | 6 | 8 | |
| Loss (gain) on foreign currency, net | −847,000 | 33 | 3 | 20 | 32 | |
| Provision (reversal) for inventory reserves | 3 | −529,000 | 4 | 10 | 2 | |
| Stock-based compensation | 2 | 6 | 7 | 6 | 8 | |
| Impairment charges | 12 | 5 | 0 | — | — | |
| Deferred income taxes | −10 | −7 | −13 | 278,000 | 918,000 | |
| Others, net | 325,000 | 799,000 | 757,000 | 664,000 | −613,000 | |
| Accounts receivable, net | −3 | 3 | 2 | 10 | 8 | |
| Inventories | −6 | −2 | 2 | −13 | −6 | |
| Other receivables | −210,000 | −115,000 | 4 | 18 | −22 | |
| Prepaid expenses | 7 | 9 | 9 | 9 | 8 | |
| Other current assets | 3 | 2 | 8 | −13 | 4 | |
| Accounts payable | 4 | −2 | 7 | −16 | −11 | |
| Other accounts payable | −9 | −14 | −9 | −9 | −8 | |
| Accrued expenses | −3 | −607,000 | 493,000 | −7 | 5 | |
| Accrued income taxes | 23,000 | −1 | −2 | −8 | −1,000 | |
| Deferred revenue | −494,000 | −305,000 | 85,000 | −1 | −131,000 | |
| Other current liabilities | −345,000 | −856,000 | −109,000 | −645,000 | 1 | |
| Other non-current liabilities | −185,000 | −335,000 | −238,000 | 749,000 | −1 | |
| Contributions to severance insurance deposit accounts | 4 | −2 | −5 | −8 | −6 | |
| Payment of severance benefits | −14 | −2 | −7 | −6 | −7 | |
| Others, net | −620,000 | −139,000 | −21,000 | 415,000 | 193,000 | |
| Net cash used in operating activities | −24 | −6 | −3 | 5 | 88 | |
| Proceeds from settlement of hedge collateral | 4 | 627,000 | 6 | 15 | 5 | |
| Payment of hedge collateral | −3 | −2 | −4 | −15 | −3 | |
| Proceeds from disposal of plant, property and equipment | 565,000 | 0 | 0 | 550,000 | 1 | |
| Purchase of property, plant and equipment | −30 | −12 | −7 | −23 | −32 | |
| Payment for intellectual property registration | −207,000 | −316,000 | −263,000 | −390,000 | −614,000 | |
| Collection of guarantee deposits | 4 | 4 | 5 | 737,000 | 3 | |
| Payment of guarantee deposits | −355,000 | −2 | −7 | −2 | −5 | |
| Collection of short-term financial instruments | 0 | 30 | 0 | — | — | |
| Purchase of short-term financial instruments | 0 | −30 | 0 | — | — | |
| Others, net | 180,000 | −37,000 | 0 | 737,000 | −114,000 | |
| Net cash used in investing activities | −24 | −12 | −8 | −25 | −31 | |
| Proceeds from long-term borrowings | 17 | 30 | 0 | — | — | |
| Acquisition of treasury stock | −4 | −13 | −52 | −14 | −2 | |
| Repayment of financing related to water treatment facility arrangement | −452,000 | −472,000 | −493,000 | −500,000 | −563,000 | |
| Repayment of principal portion of finance lease liabilities | −161,000 | −139,000 | −91,000 | — | — | |
| Net cash provided by financing activities | 12 | 17 | −52 | −13 | −36 | |
| Effect of exchange rates on cash and cash equivalents | 2 | −18 | −4 | −22 | −21 | |
| Net decrease in cash and cash equivalents | −35 | −19 | −67 | −54 | −393,000 | |
| Cash paid for interest on long-term borrowings | 1 | 966,000 | 0 | — | 2 | |
| Cash paid for income taxes, net | 2 | 1 | 1 | 19 | 13 | |
| Property, plant and equipment additions in other accounts payable | 2 | 369,000 | 42,000 | 190,000 | 747,000 | |
| Acquisition of treasury stock to satisfy the tax withholding obligations in connection with equity-based compensation | 217,000 | 451,000 | 544,000 | 387,000 | 826,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MAGNACHIP SEMICONDUCTOR Corp's CIK number?
MAGNACHIP SEMICONDUCTOR Corp's SEC CIK number is 0001325702 (1325702). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find MAGNACHIP SEMICONDUCTOR Corp's SEC filings?
All of MAGNACHIP SEMICONDUCTOR Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did MAGNACHIP SEMICONDUCTOR Corp last report earnings?
MAGNACHIP SEMICONDUCTOR Corp (MX) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-187239). This is MAGNACHIP SEMICONDUCTOR Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is MAGNACHIP SEMICONDUCTOR Corp's most recent earnings 8-K?
MAGNACHIP SEMICONDUCTOR Corp's latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001193125-26-187239. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View MAGNACHIP SEMICONDUCTOR Corp's latest earnings 8-K →
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