Magnachip Reports Q1 2026 Earnings with Revenue Growth and Mixed Profit Margins
Magnachip (MX) reported Q1 2026 earnings with consolidated revenue of $46.2 million, up 3.3% year-over-year and 13.9% sequentially. The company saw a gross profit margin of 15.6%, above guidance but down from the previous year, driven by product mix and ASP erosion in China. R&D investment increased, signaling a focus on new product development.
Tickers: $MX
Topics: earnings call gross profit margin operating expenses R&D investment revenue growth