Magnachip Semiconductor Corp. (MX)
NYSE:MX
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MagnaChip
(NYSE:MX)
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Rating:49Neutral
Price Target:
$3.00
▼(-6.83% Downside)
Action:ReiteratedDate:03/06/26
The score is held down primarily by weak financial performance (declining revenue, ongoing losses, and negative cash flow). Offsetting factors include a strong, low-debt balance sheet and earnings-call signals of near-term sequential improvement in revenue and gross margin, while technicals and valuation inputs remain mixed given the lack of sustained profitability.
Positive Factors
Balance sheet strength
Very low leverage and a six-figure cash balance provide durable financial flexibility while the company executes its turnaround. This reduces near-term refinancing risk, funds working capital and selective CapEx, and extends runway for product ramp and R&D before profitability must be restored.
Negative Factors
Declining revenue and sustained losses
Persistent top-line decline and multi-year losses indicate weakened demand or competitive position in core markets. Continued negative margins erode equity and limit capacity to self-fund growth, raising the bar for the product ramp to deliver both revenue recovery and durable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low leverage and a six-figure cash balance provide durable financial flexibility while the company executes its turnaround. This reduces near-term refinancing risk, funds working capital and selective CapEx, and extends runway for product ramp and R&D before profitability must be restored.
Read all positive factors
MagnaChip (MX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$122.44M
Dividend YieldN/A
Average Volume (3M)263.68K
Price to Earnings (P/E)―
Beta (1Y)1.77
Revenue Growth-7.79%
EPS Growth10.04%
CountryUS
Employees881
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.08
Shares Outstanding36,440,853
10 Day Avg. Volume274,163
30 Day Avg. Volume263,682
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.37
Price to Sales (P/S)0.52
P/FCF Ratio-1.70
Enterprise Value/Market Cap0.58
Enterprise Value/Revenue0.40
Enterprise Value/Gross Profit2.28
Enterprise Value/Ebitda-3.96
Forecast
1Y Price Target
$4.00Price Target Upside24.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.94
Revenue Forecast (FY)$172.50M
MagnaChip Business Overview & Revenue Model
Company Description
Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, industrial, and automotive appl...
How the Company Makes Money
MagnaChip makes money primarily by selling semiconductor products to original equipment manufacturers (OEMs), original design manufacturers (ODMs), and other electronics customers, generating revenue on a per-unit basis from shipped chips. Its key...
MagnaChip Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down sales by region to reveal where the company earns most of its revenue and how dependent it is on particular markets. Highlights exposure to regional demand cycles, trade or regulatory risk, and where growth opportunities or concentration risks lie.
Breaks down sales by region to reveal where the company earns most of its revenue and how dependent it is on particular markets. Highlights exposure to regional demand cycles, trade or regulatory risk, and where growth opportunities or concentration risks lie.
Data provided by:
The Fly
The FlyMagnaChip Earnings Call Summary
Earnings Call Date:Mar 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 28, 2026
Earnings Call Sentiment Negative
The call presented a mixed picture: management outlined decisive strategic moves (exit of display business, reorganization, aggressive product development, cost cuts, SiC roadmap and targeted market focus) and provided sequential revenue and margin guidance improvement for Q1 2026. However, 2025 operating performance showed material revenue declines in the quarter, steep gross margin compression (partly driven by a one-time sales incentive and persistent pricing pressure, especially in China), widening adjusted operating losses and negative adjusted EBITDA. Cash declined year-over-year and the company still relies on legacy, lower-margin products while new-generation products ramp slowly. Given the combination of significant strategic progress but notable and ongoing financial headwinds, the overall tone is cautious with substantial execution risk.Positive Updates
Q4 Revenue and FY Revenue
Q4 2025 consolidated revenue from continuing operations of $40.6M (midpoint of guidance). Full year 2025 revenue of $178.9M, a 3.7% year-over-year decline but consistent with prior guidance.
Negative Updates
Q4 Revenue Decline and Sequential Weakness
Q4 2025 revenue of $40.6M was down 17% year-over-year and down 11.7% sequentially (apples-to-apples), with Power Analog Solutions revenue down 15.3% YoY and Power IC revenue down 30.4% YoY.
Read all updates
Q4-2025 Updates
Positive
Negative
Q4 Revenue and FY Revenue
Q4 2025 consolidated revenue from continuing operations of $40.6M (midpoint of guidance). Full year 2025 revenue of $178.9M, a 3.7% year-over-year decline but consistent with prior guidance.
Read all positive updates
Company Guidance
Magnachip guided Q1 2026 consolidated revenue of $44.0–$48.0 million (midpoint $46.0M), up 13.4% sequentially and up 2.9% year‑over‑year at the midpoint (versus $40.6M in Q4 2025 and $44.7M in Q1 2025), and gross profit margin of 14%–16% (improving from 9.3% in Q4 2025 but below 20.9% in Q1 2025); management said the Q1 margin range does not include the Q4 one‑time $2.7M sales incentive that reduced Q4 margin by ~560 basis points (Q4 margin would have been ~15% excluding it). They reiterated that legacy products will still comprise the vast majority of 2026 revenue, expect new‑generation products to reach ~10% of revenue by Q4 2026 (up from 2% for full‑year 2025), forecast >$2M of annualized SG&A savings beginning in Q4 2025, plan to increase R&D investment in 2026, and cautioned that utilization and pricing pressure—particularly in China—will continue to affect margins.MagnaChip Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
72
Positive
Cash Flow
33
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 178.86M | 231.74M | 230.05M | 337.66M | 474.23M |
| Gross Profit | 31.39M | 51.91M | 51.64M | 101.26M | 153.54M |
| EBITDA | -18.06M | -44.51M | -30.05M | 13.28M | 89.58M |
| Net Income | -29.72M | -54.31M | -36.62M | -8.04M | 56.71M |
Balance Sheet | |||||
| Total Assets | 351.53M | 379.32M | 420.49M | 516.64M | 583.65M |
| Cash, Cash Equivalents and Short-Term Investments | 103.76M | 138.61M | 158.09M | 225.48M | 279.55M |
| Total Debt | 46.72M | 30.43M | 4.81M | 5.49M | 4.28M |
| Total Liabilities | 103.28M | 102.52M | 75.89M | 88.49M | 130.89M |
| Stockholders Equity | 248.25M | 276.80M | 344.60M | 428.15M | 452.76M |
Cash Flow | |||||
| Free Cash Flow | -54.20M | -17.73M | -10.23M | -18.62M | 54.92M |
| Operating Cash Flow | -24.21M | -6.13M | -3.01M | 5.17M | 87.74M |
| Investing Cash Flow | -24.43M | -11.67M | -7.66M | -24.93M | -31.44M |
| Financing Cash Flow | 12.02M | 16.56M | -52.34M | -12.74M | -35.54M |
MagnaChip Technical Analysis
Positive
3.22
Price Trends
2.86
Positive
2.83
Positive
3.00
Positive
Market Momentum
0.09
Negative
66.66
Neutral
90.32
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MX, the sentiment is Positive. The current price of 3.22 is above the 20-day moving average (MA) of 2.91, above the 50-day MA of 2.86, and above the 200-day MA of 3.00, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 66.66 is Neutral, neither overbought nor oversold. The STOCH value of 90.32 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MX.
MagnaChip Risk Analysis
MagnaChip disclosed 48 risk factors in its most recent earnings report. MagnaChip reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
MagnaChip Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $240.88M | 417.23 | -58.96% | ― | -21.59% | -254.69% | |
53 Neutral | $233.76M | -17.74 | -22.69% | ― | 22.00% | 28.06% | |
53 Neutral | $90.46M | -7.47 | 8.63% | ― | 6.18% | 95.91% | |
52 Neutral | $211.76M | -6.72 | -58.66% | ― | -28.05% | -488.63% | |
50 Neutral | $55.48M | ― | -16.83% | ― | ― | ― | |
49 Neutral | $122.44M | -3.11 | -11.40% | ― | -7.79% | 10.04% |
* Technology Sector Average
MX
MagnaChip
3.54
0.54
18.00%
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Nano Labs Ltd. Sponsored ADR Class A
2.43
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ICG
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1.38
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.