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

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

MagnaChip Reports Second Quarter 2018 Financial Results

July 30, 2018 4:05 PM EDT

SEOUL, South Korea and SAN JOSE, Calif., July 30, 2018 /PRNewswire/ -- MagnaChip Semiconductor Corporation (NYSE: MX) today announced financial results for the second quarter of 2018 ended June 30.  

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 2018 Power 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 YoY... More