Magnachip Semiconductor Q1 2023 Earnings | MX Investor Presentation

Magnachip Semiconductor reported Q1 2023 revenue of $57.0 million, reflecting a 45.2% year-over-year decline driven by wafer supply constraints and inventory correction. The company delivered a non-GAAP diluted loss per share of $0.24 with gross profit margin at 21.2%, impacted by lower fab utilization in response to industry-wide slowdown.