🔴 MagnaChip Semiconductor is trading 15% down today after Q3 margin miss and weak Q4 forecast

MagnaChip Semiconductor is trading at $2.00 (-14.94%) after Q3 gross margin came in below guidance.

• In its November 4 report, Q3 gross margin was 14.0%, below the 17.0%–19.0% guidance range; revenue was $44.0 million, within guidance but down 4.3% year over year.
• Management forecast Q4 gross margin of 10%–12%, citing a planned fab shutdown and Korean won appreciation.
• A broad semiconductor selloff may add pressure, but the margin shortfall and outlook are the clearest specific catalysts.