Magnachip Semiconductor Q4 2022 Earnings Report

Magnachip Semiconductor's Q4 2022 earnings presentation reports fourth quarter revenue of $61.0 million with a 44.7% year-over-year decline, primarily driven by severe wafer shortages in the Display business. Full-year 2022 revenue reached $337.7 million, down 28.8% from the prior year due to reduced Display revenue and weak smartphone demand. The company achieved a fourth quarter gross profit margin of 26.4% despite inventory reserves and supply chain pressures.