Filing Flows › Magnachip Semiconductor (MX) › Q1 2026
Magnachip Semiconductor (MX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Magnachip Semiconductor (MX) reported revenue of $46.2M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +14% from the quarter before. Operating margin was -15.5%, net loss $5K (0.0% of revenue).
Magnachip Semiconductor, Q1 2026: revenue $46.2M (+3% year over year), operating margin -15.5%, net loss $5K, operating cash flow $2K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $46.2M | +14% | +3% |
| Operating profit | −$7.2M | — | — |
| Net earnings | −$5K | — | — |
| Operating cash flow | $2K | -100% | — |
What changed
Revenue was $46.2M in Q1 2026, up 3% year over year and up 14% from the previous quarter.
Gross margin was 15.6%, down 5.4 points from Q1 2025. Operating costs exceeded revenue by $7.2M, an operating margin of -15.5%. Operating expenses fell 2% while revenue rose 3%. The fastest-growing cost line was Research & development (+23%). The quarter ended with a net loss of $5K, narrower than the previous quarter's $8.1M loss. Non-operating items added $5.3M, -275% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2K. Non-cash charges added back $3K of depreciation and amortization and $1K of share-based compensation. Working capital and other items added $3K. Capital expenditures of $4K exceeded it, leaving free cash flow of −$2K.
Questions
What was Magnachip Semiconductor's revenue in the first quarter 2026?
Magnachip Semiconductor (MX) reported revenue of $46.2M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +14% from the quarter before.
Was Magnachip Semiconductor profitable in the first quarter 2026?
Operating loss was $7.2M (-15.5% of revenue) and net loss $5K.