Magnachip Semiconductor (MX) Q3 FY2026 earnings: revenue $44 million, down 4.3% on the year

Magnachip Semiconductor Corp. (MX) reported revenue of $44 million for Q3 FY2026, the quarter ended 30 September 2026, down 4.3% on the same quarter a year earlier. Net income was -$13 million, and diluted earnings per share $-0.34. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$44 million

-4.3% on the year · -1.6% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

-29.3%

-25.1% a year earlier

Q4 FY2024Q3 FY2026

Net income

-$13 million

Q4 FY2024Q3 FY2026

Diluted EPS

-$0.34

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 new.

Revenue within guidance, down year on year: Net sales were $44.0 million, down 1.6% sequentially and 4.3% year over year. The Q3 2026 revenue range given in the prior release was $41.5 million to $45.5 million.
Loss from continuing operations widened: Loss from continuing operations was $13.3 million, compared with $7.6 million in Q2 2026. Operating loss was $12.9 million, against $10.0 million in Q2 2026. Diluted loss per share from continuing operations was $0.36, against $0.21.
Gross margin fell below guidance range: Consolidated gross margin was 14.0%, against 19.3% in Q2 2026 and a guidance range of 17.0% to 19.0%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	44.0	44.7	45.9	-1.6%	-4.3%
Cost of revenue	37.8	36.1	37.4	+4.8%	+1.1%
Gross profit	6.2	8.6	8.5	-28.6%	-27.7%
Gross margin	14.0%	19.3%	18.6%
Research and development	8.4	7.9	7.8	+5.8%	+7.5%
Selling, general and administrative	8.8	8.7	8.3	+0.4%	+5.6%
Operating income	-12.9	-10.0	-11.5
Operating margin	-29.3%	-22.3%	-25.1%
Interest expense	0.3	0.3	0.5	-0.9%	-32.4%
Pre-tax income	-8.4	-9.6	-14.8
Income tax	4.9	-2.0	-4.2
Net income	-12.5	-4.8	-13.1
Net margin	-28.5%	-10.8%	-28.5%
Diluted EPS	-$0.34	-$0.13	-$0.36

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	-21.1	-0.0	0.2
Capital expenditure	7.6	0.0	7.7	+568,805.6%	-1.2%
Free cash flow	-28.7	-0.0	-7.5
Free cash flow margin	-65.3%	-0.0%	-16.3%
Cash from investing	-2.7	-0.0	-5.3
Cash from financing	4.3	-0.0	3.2		+35.5%
Depreciation and amortisation	8.6	0.0	3.3	+311,419.5%	+161.9%
Share-based compensation	4.0	0.0	0.1	+395,026.4%	+3,173.4%
Buybacks	0.2	0.0	0.3	+803,096.0%	-37.3%
Diluted shares, weighted	37m	36m	36m	+0.5%	+2.0%
Shares outstanding at period end	38m	37m	36m	+4.2%	+5.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	245	227	255	+8.3%	-3.9%
Debt	47.1	41.5	38.9	+13.5%	+21.0%
Operating lease liabilities	0.2	0.3	1.0	-34.6%	-79.2%
Other liabilities	51.1	56.5	64.3	-9.6%	-20.6%
Total liabilities and equity	344	325	360	+5.8%	-4.4%
Fixed assets	103	92.2	94.9	+12.1%	+8.9%
Intangible assets	0.5	0.4	0.5	+16.5%	-7.6%
Cash and equivalents	86.9	87.9	108	-1.2%	-19.5%
Receivables	24.9	23.8	31.4	+4.5%	-20.9%
Inventory	40.4	34.1	37.4	+18.5%	+8.2%
Other assets	87.7	86.4	87.4	+1.6%	+0.4%
Total assets	344	325	360	+5.8%	-4.4%

Questions

What was Magnachip Semiconductor's revenue in Q3 FY2026?

Magnachip Semiconductor (MX) reported revenue of $44 million for Q3 FY2026, the quarter ended 30 September 2026, down 4.3% on the same quarter a year earlier.

How much did Magnachip Semiconductor earn in Q3 FY2026?

Net loss for Q3 FY2026 was $13 million, and the diluted loss per share $0.34.

When did Magnachip Semiconductor report Q3 FY2026 results?

Magnachip Semiconductor filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024 *	Q1 FY2025 †	Q2 FY2025 †	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	110	104	101	71.2	61.0	57.0	61.0	61.2	50.8	43.4	46.4	55.4	63.0	44.7	47.6	45.9	40.6	46.2	44.7	44.0
Cost of revenue	71.7	65.1	72.4	54.0	44.9	44.9	47.4	46.8	39.3	37.1	36.6	43.9	62.2	35.4	37.9	37.4	36.8	39.0	36.1	37.8
Gross profit	38.6	39.0	28.9	17.2	16.1	12.1	13.5	14.5	11.5	6.4	9.8	11.5	15.9	9.4	9.7	8.5	3.8	7.2	8.6	6.2
Gross margin	35%	37%	29%	24%	26%	21%	22%	24%	23%	15%	21%	21%	25%	21%	20%	19%	9%	16%	19%	14%
R&D	12.2	12.0	13.4	13.3	13.7	13.3	11.3	11.6	15.4	6.2	5.8	6.5	13.0	5.4	6.5	7.8	7.6	6.7	7.9	8.4
SG&A	13.3	14.2	12.7	11.4	12.6	12.2	12.1	12.1	12.1	9.5	9.7	9.5	12.0	9.2	9.0	8.3	8.6	7.7	8.7	8.8
Operating income	63.9	12.9	2.0	-10.0	-10.1	-21.8	-10.7	-9.2	-15.9	-9.4	-5.7	-4.5	-15.7	-5.3	-6.6	-11.5	-12.4	-7.2	-10.0	-12.9
Operating margin	58%	12%	2%	-14%	-17%	-38%	-17%	-15%	-31%	-22%	-12%	-8%	-25%	-12%	-14%	-25%	-31%	-16%	-22%	-29%
Interest expense	0.1	0.1	0.5	0.3	0.3	0.3	0.2	0.2	0.2	0.2	0.5	0.5	0.6	0.4	0.4	0.5	0.4	0.4	0.3	0.3
Pre-tax income	64.8	13.0	-4.2	-21.1	9.5	-22.7	-6.9	-9.5	-8.4	-12.4	-7.6	2.2	-27.1	-4.5	5.1	-14.8	-18.0	-6.6	-9.6	-8.4
Tax rate	17%	27%	n/a	n/a	69%	n/a	n/a	n/a	n/a	n/a	n/a	279%	n/a	n/a	-82%	n/a	n/a	n/a	n/a	n/a
Net income	53.6	9.5	-3.3	-17.2	3.0	-21.5	-3.9	-5.2	-6.0	-15.4	-13.0	-9.6	-16.3	-8.9	0.3	-13.1	-8.1	-4.6	-4.8	-12.5
Net margin	49%	9%	-3%	-24%	5%	-38%	-6%	-8%	-12%	-35%	-28%	-17%	-26%	-20%	1%	-28%	-20%	-10%	-11%	-29%
Diluted EPS	$1.12	$0.20	-$0.07	-$0.38	$0.07	-$0.49	-$0.09	-$0.13	-$0.16	-$0.40	-$0.34	-$0.26	-$0.44	-$0.24	$0.01	-$0.36	-$0.22	-$0.13	-$0.13	-$0.34
Operating cash flow	57.7	12.8	12.1	25.3	-45.1	7.9	-9.8	1.7	-2.8	-4.0	-1.1	-12.9	11.9	-4.7	-25.1	0.2	5.4	0.0	-0.0	-21.1
Capital expenditure	18.8	0.9	0.6	10.3	11.6	0.1	1.4	0.8	4.7	0.7	0.9	2.6	7.4	0.0	11.9	7.7	10.3	0.0	0.0	7.6
Free cash flow	38.9	11.9	11.6	15.0	-56.7	7.7	-11.2	1.0	-7.5	-4.6	-2.0	-15.5	4.4	-4.7	-37.0	-7.5	-4.8	-0.0	-0.0	-28.7
Buybacks	0.0	0.8	1.0	3.2	8.9	12.3	24.6	6.2	8.7	4.7	2.2	2.6	3.4	1.3	2.7	0.3	0.0	0.0	0.0	0.2
Shares outstanding	46m	45m	45m	45m	44m	43m	40m	40m	39m	38m	38m	37m	37m	37m	36m	36m	36m	36m	37m	38m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.