MagnaChip (NYSE: MX) reported Q4 EPS of $0.40, $0.27 better than the analyst estimate of $0.13. Revenue for the quarter came in at $142.9 million versus the consensus estimate of $124.4 million.

GUIDANCE:

MagnaChip sees Q1 2021 revenue of $119-124 million, versus the consensus of $116.6 million.

• The COVID-19 global pandemic is not behind us and continues to reduce our forward visibility. Q1 is our seasonally low quarter, but the demand in most of our end markets remains very healthy. Currently, the industry is going through severe supply constraints. While we are leaving some demand unmet in Q1 due to supply constraints, we are working closely with our strategic customer and our foundry partners to address supply constraints, and we expect the supply situation to improve later in the quarter. While actual results may vary, Magnachip currently anticipates for Q1 2021:
• Revenue to be in the range of $119 million to $124 million, including about $10 million of the Transitional Fab 3 Foundry Services.
• Gross profit margin to be in the range of 25% to 27%.

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