MAGNACHIP SEMICONDUCTOR Corp MX
We are a designer and manufacturer of analog and mixed-signal power semiconductor platform solutions for various applications, including industrial, automotive, communication, consumer and computing. We have a proven record with approximately 45 years of operating history, a portfolio of more than 950 registered patents and pending applications and extensive engineering and manufacturing process expertise. We develop and manufacture Power discrete ("Power Analog Solutions") products and Power integrated circuit ("IC") products. Power Analog Solutions products include metal oxide semiconductor field effect transistors ("MOSFETs") and insulated-gate bipolar transistors ("IGBTs") for a range of devices, including televisions, smartphones, mobile phones, wearable devices, desktop personal computers ("PCs"), notebook PCs, tablet PCs, servers, other consumer electronics, as well as automotive and industrial applications such as power suppliers, e-bikes, solar inverters, LED lighting and motor drives. Power IC products include AC-DC/DC-DC converters, LED drivers, regulators, power management integrated circuits ("PMICs") and level shifter for a range of devices, including televisions, wearable devices, notebooks, tablet PCs and others consumer electronics, as well as automotive applications.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $178.9M | $196.4M | $230.1M | $337.7M | $474.2M | $507.1M | $520.7M | $465.4M | $679.7M | $688.0M |
| Cost of revenue | $147.5M | $157.7M | $178.4M | $236.4M | $320.7M | $378.7M | $404.3M | $349.8M | $491.8M | $531.7M |
| Gross profit | $31.4M | $38.7M | $51.6M | $101.3M | $153.5M | $128.3M | $116.4M | $115.6M | $187.9M | $156.2M |
| R&D | $27.3M | $25.0M | $51.6M | $52.3M | $51.2M | $45.7M | $45.0M | $46.0M | $70.5M | $72.2M |
| SG&A | $35.1M | $38.1M | $48.5M | $50.9M | $52.4M | $50.0M | $47.6M | $47.7M | $81.8M | $83.5M |
| Total operating expenses | $67.3M | $64.7M | $109.3M | $106.5M | $70.1M | $101.3M | $92.7M | $93.8M | $148.7M | $153.5M |
| Operating income | -$35.9M | -$26.0M | -$57.6M | -$5.2M | $83.4M | $27.0M | $23.7M | $21.9M | $39.2M | $2.7M |
| Pre-tax income | -$32.1M | -$35.5M | -$47.6M | -$2.9M | $74.0M | $10.8M | -$18.2M | -$26.9M | $86.1M | -$25.9M |
| Income tax | $17.9M | $8.2M | $10.9M | $5.2M | $17.3M | $46.2M | $2.2M | $1.1M | $1.2M | $3.7M |
| Net income | -$29.7M | -$54.3M | -$36.6M | -$8.0M | $56.7M | $345.0M | -$21.8M | -$3.9M | $84.9M | -$29.6M |
| EPS, basic | -0.82 | -1.44 | -0.89 | -0.18 | 1.26 | 9.80 | -0.64 | -0.11 | 2.50 | -0.85 |
| EPS, diluted | -0.82 | -1.44 | -0.89 | -0.18 | 1.21 | 7.54 | -0.64 | -0.11 | 2.02 | -0.85 |
| Shares, diluted (wtd. avg.) | $36.2M | $37.8M | $41.0M | $44.9M | $47.7M | $46.5M | $34.3M | $34.5M | $44.8M | $34.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $103.8M | $138.6M | $158.1M | $225.5M | $279.5M | $279.9M | $151.7M | $132.4M | $128.6M | $101.6M |
| Receivables | $26.0M | $28.4M | $32.6M | $35.4M | $51.0M | $64.4M | $47.4M | $80.0M | $92.0M | $61.8M |
| Inventory | $34.2M | $30.5M | $32.7M | $39.9M | $39.4M | $39.0M | $41.4M | $71.6M | $29.8M | $57.0M |
| Total current assets | $176.9M | $219.2M | $245.4M | $337.9M | $409.1M | $409.6M | $379.4M | $352.7M | $330.3M | $242.7M |
| Property, plant and equipment | $100.2M | $81.5M | $100.1M | $110.7M | $107.9M | $96.4M | $73.1M | $202.2M | $205.9M | $179.8M |
| Other intangibles | $454.0K | $507.0K | $1.5M | $1.9M | $2.4M | $2.7M | $2.8M | $4.0M | $4.1M | $3.1M |
| Total assets | $351.5M | $379.3M | $420.5M | $516.6M | $583.7M | $571.7M | $595.3M | $583.2M | $558.8M | $442.0M |
| Short-term debt | — | — | — | — | — | $83.5M | — | — | — | — |
| Total current liabilities | $43.4M | $46.3M | $46.9M | $47.2M | $85.5M | $173.6M | $133.8M | $132.7M | $138.1M | $153.4M |
| Long-term debt | $44.6M | $27.2M | $0 | — | — | $83.5M | $304.7M | $303.6M | $303.4M | $221.1M |
| Total liabilities | $103.3M | $102.5M | $75.9M | $88.5M | $130.9M | $226.1M | $610.3M | $600.5M | $598.4M | $514.1M |
| Retained earnings | $214.9M | $244.6M | $298.9M | $335.5M | $343.5M | $286.8M | -$58.1M | $8.5M | -$40.9M | -$125.8M |
| Total equity | $248.2M | $276.8M | $344.6M | $428.2M | $452.8M | $345.6M | -$15.0M | -$17.3M | -$39.6M | -$72.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$24.2M | -$6.1M | -$3.0M | $5.2M | $87.7M | $7.5M | $50.5M | $39.2M | -$20.3M | $9.4M |
| Depreciation and amortisation | $13.0M | $16.2M | $16.7M | $15.0M | $14.2M | $16.5M | $32.7M | $32.0M | $28.1M | $25.4M |
| Stock-based compensation | $2.2M | $6.2M | $7.2M | $6.0M | $7.7M | $6.7M | $7.0M | $4.4M | $2.3M | $3.8M |
| Capital expenditure | $30.0M | $11.6M | $7.0M | $23.4M | $32.2M | $36.1M | $23.0M | $28.9M | $32.7M | $18.7M |
| Investing cash flow | -$24.4M | -$11.7M | -$7.7M | -$24.9M | -$31.4M | $318.5M | -$28.9M | -$33.3M | -$35.4M | $1.0M |
| Financing cash flow | $12.0M | $16.6M | -$52.3M | -$12.7M | -$35.5M | -$222.3M | -$1.8M | $1.3M | $72.7M | $1.7M |
| Dividends paid | $0 | $0 | $0 | — | — | — | — | — | — | — |
| Buybacks | $4.4M | $12.9M | $51.8M | $14.0M | $1.7M | $1.1M | $2.7M | $1.6M | $11.4M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-197484.
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