Magnachip Semiconductor : Q1 2025 Earnings Material Slides (6dd0ea)
MX
Published on 05/12/2025 at 17:25
Q1 2025 Earnings Materials
1
May 12, 2025
Q1 2025 Financial Summary - Continuing Operations
Q1 was the fourth consecutive quarter of year-over-year growth from continuing operations on an equivalent basis primarily driven by Power Analog Solutions (PAS) growth in Communications, as well as strength in Power IC.
Q1 2025
MX Guidance Range
Q/Q Change
Y/Y Change*
Continuing Operations
20.9%
18.5 - 20.5%
down 2.3 pts
up 3.3 pts
The upside versus guidance and year-over-year improvement was mostly due to the stronger-than-expected US dollar against the Korean Won.
The sequential decline was mainly due to an unfavorable product mix.
($0.14)
($0.26)
$0.12
($0.10)
($0.37)
($0.24)
* Year-over-year change was calculated based on the revenue and gross profit margin of PAS and PIC, and Transitional Fab 3 foundry
services revenue and gross profit margin were excluded to be on an equivalent basis with Q1 2025.
Q1 2025 Report by Business
Q1 2025
Q4 2024
Q/Q Change
Q1 2024
Y/Y change
Revenue
$39.9 M
$43.5 M
down 8.3%
$36.5 M
up 9.1%
PAS
PAS business revenue of $39.9 million was up 9.1% year-over-year and down 8.3% quarter-over-quarter, representing nearly 90% of Q1 consolidated revenue from continuing
operations. In Q1, we released 27 new-generation Power discrete products that are ready for commercial sampling. By segment:
notebook adapter design win moving into mass production in Q2 2025.
PIC
design wins for vehicles targeted in Europe and the USA.
Q1 2025
Q4 2024
Q/Q Change
Q1 2024
Y/Y change
Revenue
$4.9 M
$5.4 M
down 10.0%
$3.4 M
up 44.1%
PIC business represented 11% of consolidated Q1 revenue from continuing operations. The 44.1% year -over-year growth was driven by strength for both TV-LED and OLED
power ICs. The introduction of 20 new mid-to-low-end TV models by our customer for 2025 also led to strong sequential growth in TV-LED in Q1.
Secured design wins in Q1 with leading notebook manufacturers in China and Korea, as well additional wins for LCD TV and monitors in Korea.
Q1 2025 Key Financials
Balance Sheet
Non-GAAP
Metrics -Continuing Operations
(In $ millions, except for share data and days calculation)
Non-GAAP Metrics
Q1 2025
Q4 2024
Q1 2024
Adjusted Operating Loss
($5.4)
($4.5)
($8.6)
Adjusted EBITDA
($2.1)
($0.5)
($4.8)
Adjusted Income (Loss)
($3.8)
$4.6
($9.8)
Adjusted Earnings (Loss) per Common Share - Diluted
($0.10)
$0.12
($0.26)
Balance Sheet
Q1 2025
Q4 2024
Q1 2024
Cash and Cash Equivalents
$132.7
$138.6
$171.6
Days Sales Outstanding (DSO)
47 days
41 days
56 days
Days in Inventory
70 days
60 days
71 days
Total Stockholders' Equity
$269.2
$276.8
$321.9
Disclaimer
MagnaChip Semiconductor Corporation published this content on May 12, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 12, 2025 at 21:24 UTC.