MagnaChip (MX) Tops Q2 EPS by 12c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/27/2026

1. ORCL
2. ANT
3. SPY
4. META
5. FFAI
6. FFR
7. FICO
8. CART
9. LLY
10. TSLA

Go back to MagnaChip (MX) Tops Q2 EPS by 12c

Magnachip Reports Results for Second Quarter 2024

July 31, 2024 4:05 PM EDT

Financial Highlights

Q2 consolidated revenue was $53.2 million, above the mid-point of guidance range of $49-54 million. Q2 standard product business revenue was up 11.6% sequentially. Q2 consolidated gross profit margin was 21.8%, above the upper end of guidance range of 17-19%. Q2 standard product business gross profit margin was 23.1%, up nearly two percentage points sequentially. Ended Q2 with cash of $132.5 million; and also have an additional short-term financial investment of $30 million. Repurchased approximately 0.5 million shares for aggregate purchase price of $2.3 million during the... More