NYSE$MX

MagnaChip Semiconductor Corp. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

MagnaChip's Q4 2020 financial results were reported, showcasing significant revenue growth and profitability improvements.

MagnaChip reported Q4 2020 revenue of $142.9 million, a 15.9% increase year-over-year. GAAP EPS was $1.45, and non-GAAP EPS from continuing operations was $0.40. The company's OLED DDIC revenue reached a new quarterly record of $80.4 million.

  • Q4 revenue increased by 15.9% year-over-year, reaching $142.9 million.
  • OLED DDIC revenue hit a record $80.4 million, up 19.4% year-over-year.
  • Gross profit margin improved to 26.9%, up 220 bps year-over-year.
  • GAAP EPS was $1.45, while non-GAAP EPS from continuing operations was $0.40.

Headline financials

Total Revenue

$143M

Previous: $200M-28.5%
EPS (adj)

$0.40

Previous: $0.32+25.0%
Gross Profit Margin

26.9%

Previous: 26.6%+1.1%
Adjusted EBITDA

$18.6M

Previous: $27.7M-32.9%
Capital Expenditures

$19.7M

Previous: $6.26M+215.3%
Free Cash Flow

-$63.8M

Previous: $20.5M-411.6%
Net Income

$66.6M

Previous: $23.4M+184.2%
Operating Income

$9.21M

Previous: $10M-8.3%
Gross Profit

$38.5M

Previous: $53.2M-27.7%
Cash & Equivalents

$280M

Previous: $152M+84.6%
Total Assets

$572M

Previous: $595M-4.0%
Stock-Based Comp

$1.95M

Previous: $5.03M-61.3%

Revenue & EPS history

MagnaChip · Revenue · Quarterly

$143M

Q4 2020-28.5%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

MagnaChip · $13.4M total across 1 segment · Q4 2020

  • Transitional Fab 3 Foundry
    $13.4M

Forward guidance

The company anticipates Q1 2021 revenue to be in the range of $119 million to $124 million, including about $10 million of the Transitional Fab 3 Foundry Services, and gross profit margin to be in the range of 25% to 27%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-1.4%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+0.8%

Avg return

30 days after

51%

32 / 63 earnings

Positive

+21.9%

Q2 2016

Best reaction

-49.8%

Q3 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+17.4%+5.2%+79.0%
Q4 2025+7.5%+1.9%+6.7%
Q3 2025-8.4%-27.0%-3.5%
Q1 2025-3.3%+24.0%+18.0%
Q4 2024-5.4%-4.0%-30.7%
Q3 2024-2.0%-15.1%-4.0%
Q2 2024+16.9%+7.3%-4.1%
Q1 2024+3.7%+2.2%+2.4%
Q4 2023-12.6%-15.6%-14.4%
Q3 2023+1.2%-3.6%-9.7%
Q2 2023-1.0%-9.8%-11.5%
Q1 2023+0.1%+1.4%+19.1%
Q4 2022-5.2%-6.2%-14.7%
Q3 2022-6.9%-9.1%-4.5%
Q2 2022-15.7%-7.3%-21.3%
Q1 2022-2.4%-5.3%+6.6%
Q4 2021-0.9%+0.0%-6.9%
Q3 2021+3.6%+5.5%+4.8%
Q2 2021-7.2%-2.0%-13.5%
Q1 2021-0.6%-5.9%-5.0%
Q4 2020-0.4%-3.5%+13.1%
Q3 2020+5.1%+8.4%+9.4%
Q2 2020+4.1%+7.7%+12.0%
Q1 2020+6.5%-0.3%+14.1%
Q4 2019+5.5%-5.4%-45.3%
Q3 2019+2.9%+9.4%-2.1%
Q2 2019+2.0%+5.2%-8.0%
Q1 2019+9.0%+9.1%-10.8%
Q4 2018-3.8%+22.0%+7.2%
Q3 2018+0.5%+2.9%-14.2%
Q2 2018+4.0%+9.4%+0.4%
Q1 2018+16.6%+14.4%+20.3%
Q4 2017-10.9%-18.6%-7.7%
Q3 2017+9.7%+7.2%+18.4%
Q2 2017+16.4%+12.6%+11.7%
Q1 2017+14.9%+15.5%+4.8%
Q4 2016-11.8%-8.9%-12.4%
Q3 2016-26.6%-29.6%-17.8%
Q2 2016+21.9%+23.8%+46.1%
Q1 2016+4.7%
Q4 2015+12.6%
Q3 2015-22.1%
Q2 2015-2.0%
Q1 2015+12.2%
Q4 2014+12.2%
Q2 2014-49.8%
Q1 2014-49.8%
Q3 2014-49.8%
Q4 2013-9.6%
Q3 2013-12.1%
Q2 2013+15.3%
Q1 2013+0.8%
Q4 2012+0.3%
Q3 2012+14.0%
Q2 2012+17.5%
Q1 2011-7.1%
Q4 2011-7.1%
Q1 2012-1.1%
Q3 2010+1.2%
Q3 2011+1.2%
Q4 2010-4.5%
Q2 2010-4.5%
Q2 2011-4.5%
Q1 2010

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