CONTACTS:

In the United States:

In Korea:

Robert Pursel

Chankeun Park

Director of Investor Relations

Senior Manager, Public Relations

Tel. +1-408-625-1262

Tel. +82-2-6903-3195

robert.pursel@magnachip.com

chankeun.park@magnachip.com

MAGNACHIP SEMICONDUCTOR CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands of US dollars, except share data)

(Unaudited)

Three Months Ended

June 30,

2015

March 31,

2015

June 30,

2014

Net sales

$

162,015

$

164,885

$

172,070

Cost of sales

126,729

129,908

136,613

Gross profit

35,286

34,977

35,457

Gross profit %

21.8 %

21.2 %

20.6 %

Operating expenses

Selling, general and administrative expenses

28,588

25,030

30,746

Research and development expenses

21,931

22,160

24,059

Total operating expenses

50,519

47,190

54,805

Operating loss

(15,233)

(12,213)

(19,348)

Interest expense, net

(3,933)

(4,063)

(4,007)

Foreign currency gain (loss), net

(12,296)

(3,176)

38,424

Other income, net

234

556

597

Income (loss) before income taxes

(31,228)

(18,896)

15,666

Income tax expenses (benefits)

(602)

1,133

656

Net income (loss)

$

(30,626)

$

(20,029)

$

15,010

Earnings (loss) per common share :

- Basic

$

(0.90)

$

(0.59)

$

0.44

- Diluted

$

(0.90)

$

(0.59)

$

0.43

Weighted average number of shares—Basic

34,092,402

34,056,468

34,056,359

Weighted average number of shares—Diluted

34,092,402

34,056,468

35,177,915