Magnachip Semiconductor Corporation (NYSE:MX) Q2 2022 Earnings Conference Call August 8, 2022 5:00 PM ET
Company Participants
Yujia Zhai - The Blueshirt Group
YJ Kim - Chief Executive Officer
Shinyoung Park - Chief Financial Officer
Conference Call Participants
Suji Desilva - ROTH capital
Raji Gill - Needham & Company
Operator
Good day, and thank you for standing by. Welcome to the Q2 2022 Magnachip Semiconductor Corporation Earnings Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
And I would now like to hand the conference over to your speaker today, Yujia Zhai. Please go ahead.
Yujia Zhai
Hello, everyone. Thank you for joining us to discuss Magnachip's financial results for the second quarter ended June 30, 2022. The second quarter earnings release that was issued today after the stock market closed can be found on the company’s Investor Relations website. The webcast replay of today’s call will be archived on our website shortly afterwards. Access information is provided in the earnings press release.
Joining me today are YJ Kim, Magnachip’s Chief Executive Officer, and Shinyoung Park, our Chief Financial Officer. YJ will discuss the company’s recent operating performance and business overview, and Shinyoung will review financial results for the quarter and then YJ will come back to provide guidance for the third quarter of 2022. There will be a Q&A session following the prepared remarks.
During the course of this conference call, we may make forward-looking statements about Magnachip’s business outlook and expectations. Our forward-looking statements, and all other statements that are not historical facts, reflect our beliefs and predictions as of today and therefore are subject to risks and uncertainties as described in the Safe Harbor statement found in our SEC filings. During the call we also will discuss non-GAAP financial measures. The non-GAAP measures are not prepared in accordance with generally accepted accounting principles but are intended to illustrate an alternative measure of Magnachip’s operating performance that may be useful. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures can be found in our second quarter earnings release available on our website under the Investors section at www.magnachip.com.
I now will turn the call over to YJ Kim. YJ?
YJ Kim
Hello, everyone. Thank you for joining us today and welcome to Magnachip’s Q2 earnings call. I’d like to start today by quickly touching on our Q2 consolidated financial results and then give an update on some of the near-term challenges we are facing in the second half of 2022. After that, I will give an update on our capital allocation plan before wrapping it up with a detailed review of our business segments.