MX
MAGNACHIP SEMICONDUCTOR Corp
Next earnings Jul 29, 2026 · consensus $-0.23 EPS, $47.9M rev
Last earnings -6.5% on 2026-04-28
$4.12
▼ -10.82%$4.12▲ +1.73%
over 1Y
L $2.27H $8.93
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-10.8%
1W-16.1%
1M-50.6%
3M+44.1%
YTD+53.7%
1Y+1.7%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 9 analysts
Buy
Deep-value semiconductor turnaround: trades at ~0.6x book with net cash, but five years of revenue decline and cash burn cap the upside.
Revenue $179M · FY2025
MagnaChip is a 45-year-old analog/power chipmaker mid-restructuring — it shut its Display business to become a pure-play Power company, and the numbers show a company that has shrunk hard: revenue has fallen five straight years ($474M in FY2021 to $179M in FY2025, -8.9% YoY) and it has lost money every year since 2021. FY2025 operating income was -$35.9M (-20.0% operating margin) and gross margin is a thin 17.6%, so the core business is not yet earning its keep. Encouragingly, the net loss narrowed 45% YoY to -$29.7M and the revenue decline is decelerating, but 'less bad' is not yet 'good.'
The reason this is a hold rather than a sell is the balance sheet and the price. Equity is $248M against a $150M market cap, so the stock trades near 0.6x book; cash of $104M dwarfs the $44.6M of long-term debt, leaving the company in a net-cash position that funds roughly half the market value. Liabilities/equity is a comfortable 0.42x and current assets ($177M) cover current liabilities ($43.4M) four-fold. At 0.8x sales, the market is pricing continued decline — a low bar the Power transition could clear.
Is MX a buy? The one-page verdict, explained →
The options angle
model · matches our verdictCovered call~60d expiry
- Long 100 shares @ ~4.12
- Short call 4.5 @ ~0.93 est
debit $319max +$131max −$318BE 3.19
HOLD means own it, don't chase it — harvesting premium against the position matches the verdict.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $474M | $338M | $230M | $196M | $179M |
| Gross profit | $154M | $101M | $51.6M | $38.7M | $31.4M |
| Operating income | $83.4M | -$5.24M | -$57.6M | -$26.0M | -$35.9M |
| Net income | $56.7M | -$8.04M | -$36.6M | -$54.3M | -$29.7M |
| Diluted EPS | $1.21 | -$0.18 | -$0.89 | -$1.44 | -$0.82 |
| Net margin | 12.0% | -2.4% | -15.9% | -27.6% | -16.6% |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$175M
EV / EBITDA—
EV / Sales1.0
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-19.8%
FCF yield-36.0%
Quality & risk
ROIC (est.)-7.5%
Free cash flow-$54.2M
Total debt$128M
Net cash-$24.3M
Altman Z-Score2.36 grey
Piotroski F-Score3/9
Capital returns
Buyback yield2.9%
Dividend yield (est.)86.9%
Shareholder yield89.8%
Shares Δ YoY-1.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Officer / director change2026-06-30
Executive/leadership change disclosed with press release amid Power-only pivot
- 8-K Material agreement2026-06-17
Annual-meeting vote results plus a director/officer change reported
- 8-K Officer / director change2026-06-17
Annual-meeting vote results plus a director/officer change reported
- S-3 Shelf registration (potential raise)2026-06-12
Shelf registration filed — enables future stock/debt sales, dilution overhang
- 10-Q Quarterly report2026-05-08
Q1'26: pure-play Power co; revenue keeps declining, still operating at a loss
- DEF 14A Proxy statement2026-04-30
Annual proxy — routine director elections and say-on-pay, no material change
- 8-K Earnings results2026-04-28
Q1'26 results: revenue still shrinking (FY rev -8.9%), losses persist
- 10-K Annual report2026-03-16
FY25: shut Display, now pure-play Power; rev $179M -8.9%, loss narrowed
- 8-K Earnings results2026-03-04
FY25 results: rev -8.9% but net loss narrowed to -$29.7M from -$54.3M
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-302026-06-30open ↗8-KPeriod ending 2026-06-172026-06-17open ↗424B5Filing2026-06-17open ↗424B3Filing2026-06-17open ↗8-KPeriod ending 2026-06-112026-06-17open ↗EFFECTFiling2026-06-16open ↗S-3Filing2026-06-12open ↗DRSFiling2026-06-08open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗SDFiling2026-05-29open ↗10-QPeriod ending 2026-03-312026-05-08open ↗
Frequently asked
- Is MAGNACHIP SEMICONDUCTOR Corp (MX) a buy?
- MX currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Deep-value semiconductor turnaround: trades at ~0.6x book with net cash, but five years of revenue decline and cash burn cap the upside.
- What is MAGNACHIP SEMICONDUCTOR Corp's quality score?
- MX scores 53.97662337662338/100 (grade C-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001325702, latest 10-Q filed 2026-05-08) · EODHD · Proprietary analysis · as of 7/3/2026, 4:06:58 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 3, 2026, 12:06 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.