Magnachip (MX) Reports Q1 Loss, Tops Revenue Estimates

Core Insights - Magnachip reported a quarterly loss of $0.10 per share, outperforming the Zacks Consensus Estimate of a loss of $0.28, marking an earnings surprise of 64.29% [1] - The company generated revenues of $44.72 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 0.50%, although this represents a decline from $49.07 million in the same quarter last year [2] - Magnachip's stock has declined approximately 19.2% year-to-date, contrasting with the S&P 500's decline of 3.8% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.21 on revenues of $47.5 million, and for the current fiscal year, it is -$0.66 on revenues of $197 million [7] - The estimate revisions trend for Magnachip is favorable, resulting in a Zacks Rank 1 (Strong Buy), indicating expectations for the stock to outperform the market in the near future [6] Industry Context - The Semiconductor - Analog and Mixed industry, to which Magnachip belongs, is currently ranked in the top 22% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Semtech, another company in the same industry, is expected to report quarterly earnings of $0.38 per share, reflecting a year-over-year increase of 533.3%, with revenues projected at $249.79 million, up 21.2% from the previous year [9]