Magnachip Semiconductor Reports Q3 2026 Financial Results and Q4 Guidance

Magnachip Semiconductor reported Q3 2026 revenue of $44 million and an adjusted loss of $0.29 per share. Gross margin fell to 14%, which the company attributed to significant appreciation of the Korean won. For Q4, Magnachip expects seasonal softness and gross margins of 10% to 12%. Management said differentiated product roadmaps and its strategic partnership with Navitas remain central to its long-term turnaround strategy.