MagnaChip (MX) Tops Q2 EPS by 20c

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Go back to MagnaChip (MX) Tops Q2 EPS by 20c

MagnaChip Reports Second Quarter 2016 Financial Results

August 3, 2016 4:15 PM EDT

SEOUL, South Korea and SAN JOSE, Calif., Aug. 3, 2016 /PRNewswire/ -- MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, today announced financial results for the second quarter ended June 30, 2016.

Revenue for the second quarter of 2016 was $167.1 million, an increase of 12.8% compared to $148.1 million for the first quarter of 2016, and up 3.1% compared to $162.0 million for the second quarter of 2015. The double-digit increase in sequential revenue growth was better than expected and reflected healthy demand for the Company's Display and Power products and... More