Magnachip Semiconductor (MX) investor relations material

Executive summary

• Achieved fifth consecutive quarter of year-over-year revenue growth, with Q2 2025 revenue up 8.1% to $47.6M, led by Power Analog Solutions in communications and computing.

• Transitioned to a pure-play Power company, completing the Display business shutdown and classifying it as discontinued operations from Q1 2025.

• 71 design wins in Q2, up over 60% year-over-year, with new Gen 6 Super Junction and Gen 8 MOSFET products launched.

• Voluntary resignation program announced, targeting $2–$3M annual OpEx savings.

• Share repurchases totaled 0.7M shares for $2.3M in Q2; $21.2M authorization remaining.

Financial highlights

• Q2 2025 consolidated revenue: $47.6M, up 8.1% year-over-year and 6.5% sequentially.

• Gross profit margin was 20.4%, within guidance but down from 22.5% YoY, mainly due to pricing pressure and product mix.

• Q2 operating loss was $7.4M (GAAP); adjusted operating loss was $5.6M; adjusted EBITDA was negative $2.1M.

• Q2 GAAP diluted EPS was $0.23, driven by non-cash FX gain; non-GAAP diluted loss per share was $0.08.

• Ended Q2 with $113.3M in cash, down from $132.7M in Q1, mainly due to CapEx and display business liquidation costs.

Outlook and guidance

• Q3 2025 revenue expected between $44M–$48M, down 3.5% sequentially and 13.2% YoY at midpoint, reflecting customer pull-ins and pricing pressure.

• Q3 gross margin guidance: 18.5%–20.5%, down from 20.4% in Q2.

• Full-year 2025 revenue now expected to be flat versus prior mid-to-high single-digit growth forecast; gross margin revised to 19%–20%.

• Targeting adjusted EBITDA breakeven by Q4 2025, with OpEx reductions from voluntary resignation program.

• 2025 CapEx expected at $32M–$34M, focused on Gumi fab upgrades.