Magnachip's Q3: Revenue Drops, Costs Cut
Update: 2025-11-10
Description
Magnachips Q3 performance was disappointing, with a 17.1% year-over-year revenue drop to $45.95 million, primarily due to price pressure on older products, particularly in China. Despite missing on promises, the companys power products segment showed promise. Adjusted EPS beat expectations at -$0.01, but operating margin plummeted to -25.1%. Looking ahead, Q4 revenue guidance is $40.5 million, below estimates, with margin pressure expected to persist into 2026. The company is repositioning products, cutting costs, and expects to normalize channel levels with an incentive program.
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