MagnaChip Reports Second Quarter 2018 Financial Results

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Go back to MagnaChip Reports Second Quarter 2018 Financial Results

MagnaChip (MX) Tops Q2 EPS by 7c, Beats on Revenues

July 30, 2018 4:07 PM EDT

MagnaChip (NYSE: MX) reported Q2 EPS of $0.23, $0.07 better than the analyst estimate of $0.16. Revenue for the quarter came in at $199.7 million versus the consensus estimate of $185 million.

Q2 2018 Summary

Revenue of $199.7 million exceeded high-end of guidance range of $182-188 million; revenue increased 19.8% Year-over-Year (YoY)Record OLED display driver revenue of $62.2 million quadrupled YoY and increased 81.3% from Q1 2018Power products revenue increased 13.3% YoY; Foundry revenue decreased 0.8% YoY on a reported basis, but had better product mix with 17% increase in new products YoYGross... More