Magnachip Semiconductor Corporation (NYSE:MX) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET
Company Participants
Steven Pelayo - MD, The Blueshirt Group
Young-Joon Kim - CEO
Shinyoung Park - CFO
Conference Call Participants
Quinn Bolton - Needham
Andrew Northcutt - Oppenheimer
Suji Desilva - ROTH MKM
Operator
Good day, and thank you for standing by. Welcome to the First Quarter 2024 Magnachip Semiconductor Corporation Earnings Conference Call. [Operator Instructions] Please be advised, today's conference is being recorded.
I'd now like to turn the conference over to your speaker today, Steven Pelayo. Please go ahead.
Steven Pelayo
Thank you. Hello everyone. Thank you for joining us to discuss Magnachip's financial results for the first quarter ended March 31, 2024. The first quarter earnings release that was issued today after the market close 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.
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 provide guidance for the second quarter. 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. Such statements are based upon information available to the Company as of the date hereof and are subject to change for future developments. Except as required by law, the Company does not undertake any obligation to update these statements.
During the call we also will discuss non-GAAP financial measures. Then on-GAAP measures are not prepared in accordance with generally accepted accounting principles but are intended as supplemental measures of Magnachip's operating performance that may be useful to investors. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures can be found in our first quarter earnings release in the Investor Relations section of our website.
With that, I now will turn the call over to YJ Kim. YJ?
Young-Joon Kim
Hello everyone, and thank you for joining us today and welcome to Magnachip's Q1 earnings call.