Magnachip Semiconductor Corporation provided consolidated earnings guidance for the second quarter of 2024 and reiterated consolidated earnings guidance for the full year 2024. For the quarter, the company expects consolidated revenue to be in the range of $49 million to $54 million, including approximately $1.5 million of Transitional Foundry Services.

For the full year, the company reiterates consolidated revenue flat-to-up-slightly year-over-year as recovery in MSS and PAS is offset by the phase-out of Transitional Foundry Services.