Magnachip Semiconductor (NYSE:MX) will report earnings after market close. Last quarter, it beat revenue expectations by 0.9%, reporting $47.62 million, up 2.6% year on year. Analysts expect a 30.8% revenue decline to $46 million this quarter with an adjusted loss of -$0.12 per share. Analysts have reconfirmed estimates in the last 30 days, despite Magnachip missing revenue estimates five times in the last two years. Peers like Impinj and Monolithic Power Systems have reported mixed results, impacting the analog semiconductors sector. Investor sentiment in the sector is positive, with Magnachip’s stock down 1.6% in the last month.

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