Magnachip Reports Q4 Revenue Growth, Misses Q1 Guidance

Magnachip Semiconductor reported strong Q4 2024 results, with revenue of $63 million, exceeding market expectations and reflecting a 24% year-over-year increase. Despite this, the company faces challenges, including a projected revenue guidance of $44.5 million for Q1 2025, which is below analyst forecasts. Magnachip announced a strategic transition to become a pure-play Power company and plans to discontinue its Display business. The company reported a net loss of $16.3 million for Q4 and a total net loss of $54.3 million for 2024, despite a 13% increase in revenue from its Standard Products business. CEO YJ Kim emphasized the goal of returning to profitability while exploring strategic options. The company aims to achieve quarterly Adjusted EBITDA breakeven by the end of 2025 and positive adjusted free cash flow by 2027.