MagnaChip Reports Revenue of $205.1 Million in Second Quarter 2019; OLED Display Drivers, Power Standard Products Set Revenue Records

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Go back to MagnaChip Reports Revenue of $205.1 Million in Second Quarter 2019; OLED Display Drivers, Power Standard Products Set Revenue Records

MagnaChip (MX) Tops Q2 EPS by 21c, Revenues Beat; Offers Q3 Revenue Guidance Above Consensus

July 30, 2019 4:50 PM EDT

MagnaChip (NYSE: MX) reported Q2 EPS of $0.08, $0.21 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $205 million versus the consensus estimate of $194 million.

Revenue of $205.1 million exceeded updated guidance of "at least" $194 million provided on June 11; Q2 revenue up 2.7% Year-over-Year (YoY); up 30.4% Quarter-over-Quarter (QoQ) Standard Products Group (SPG) revenue of $132 million, up 11.2% YoY; up... More