MagnaChip (MX) Misses Q3 EPS by 7c, provides guidance

MagnaChip (NYSE: MX) reported Q3 EPS of ($0.26), $0.07 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $66.5 million versus the consensus estimate of $64.04 million.

GUIDANCE:

MagnaChip sees Q4 2024 revenue of $59-64 million, versus the consensus of $64.033 million.

MSS revenue to be in the range of $15 to $17 million, down 2.7% sequentially but up 87% year-over-year at the mid-point. This compares with MSS revenue of $16.4 million in Q3 2024 and MSS equivalent revenue of $8.6 million in Q4 2023.
PAS revenue to be in the range of $42 to $45 million, down 8.6% sequentially but up 33.3% year-over-year at the mid-point. This compares with PAS revenue of $47.6 million in Q3 2024 and PAS equivalent revenue of $32.6 million in Q4 2023.

Consolidated gross profit margin to be in the range of 21.5% to 23.5%.

MSS gross profit margin to be in the range of 37.5% to 40.5%. This compares with MSS gross profit margin of 38.7% in Q3 2024 and MSS equivalent gross profit margin of 41.3% in Q4 2023.
PAS gross profit margin to be in the range of 17% to 19%. This compares with PAS gross profit margin of 19.4% in Q3 2024 and PAS equivalent gross profit margin of 18.1% in Q4 2023.

For earnings history and earnings-related data on MagnaChip (MX) click here.

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