MagnaChip(MX) - 2024 Q2 - Quarterly Results

Exhibit 99.1 Magnachip Reports Results for Second Quarter 2024 Financial Highlights • Q2 consolidated revenue was $53.2 million, above the mid-point of guidance range of$49-54 million. • Q2 standard product business revenue was up 11.6% sequentially. • Q2 consolidated gross profit margin was 21.8%, above the upper end of guidance range of 17-19%. • Q2 standard product business gross profit margin was 23.1%, up nearly two percentage points sequentially. • Ended Q2 with cash of $132.5 million; and also have ...