MagnaChip (MX) Tops Q2 EPS by 14c, beats revenue, offers guidance

MagnaChip (NYSE: MX) reported Q2 EPS of ($0.06), $0.14 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $60.98 million versus the consensus estimate of $60.5 million.

Financial Guidance
While actual results may vary, Magnachip currently expects the following for Q3 2023:

Revenue to be in the range of $59 million to $65 million, including about $8 million of Transitional Fab 3 Foundry Services.
Gross profit margin to be in the range of 22.5% to 24.5%.

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

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