Macronix International Co (TPE:2337) Operating Margin %: -5.08% (As of Dec. 2025)


TPE:2337 Macronix International Co Ltd TPE:2337
54 GF Score
Price NT$172.00
GF Value NT$47.92
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Macronix International Co Operating Margin %?

Macronix International Co TPE:2337 54 Operating Margin % is -5.08% as of Dec. 2025. GuruFocus rates TPE:2337 with a GF Score™ of 54/100 and a GF Value™ of NT$47.92 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,023 Semiconductors companies, Macronix International Co ranks worse than 80.25% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Macronix International Co's Operating Income for the three months ended in Dec. 2025 was NT$-392 Mil. Macronix International Co's Revenue for the three months ended in Dec. 2025 was NT$7,729 Mil. Therefore, Macronix International Co's Operating Margin % for the quarter that ended in Dec. 2025 was -5.08%.

The historical rank and industry rank for Macronix International Co's Operating Margin % or its related term are showing as below:

TPE:2337' s Operating Margin % Range Over the Past 10 Years
Min: -15.16   Med: 11.8   Max: 21.88
Current: -12.8


TPE:2337's Operating Margin % is ranked worse than
80.25% of 1023 companies
in the Semiconductors industry
Industry Median: 5.18 vs TPE:2337: -12.80

Macronix International Co's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Macronix International Co's Operating Income for the three months ended in Dec. 2025 was NT$-392 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-3,698 Mil.

Warning Sign:

Macronix International Co Ltd has never been profitable in the past 3 years. It lost money every year.


Macronix International Co  (TPE:2337) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Macronix International Co Operating Margin % Related Terms


Macronix International Co Operating Margin % Historical Data

* Premium members only.

The historical data trend for Macronix International Co's Operating Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Macronix International Co Operating Margin % Chart

Macronix International Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.88 21.54 -8.69 -15.16 -12.80

Macronix International Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -29.64 -17.63 -15.87 -13.93 -5.08

TPE:2337 vs NVDA, AVGO, MU: Operating Margin % Comparison

For the Semiconductors subindustry, Macronix International Co's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Macronix International Co Operating Margin % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Macronix International Co's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Macronix International Co's Operating Margin % falls into.


TPE:2337
54GF Score
Macronix International Co Ltd TPE:2337
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Macronix International Co Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Macronix International Co's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=-3697.587 / 28879.986
=-12.80 %

Macronix International Co's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=-392.3 / 7729.106
=-5.08 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of -5.08% mean?
Macronix International Co (TPE:2337) has a Operating Margin % of -5.08% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Macronix International Co and its competitors. According to the industry distribution chart, Macronix International Co ranks #821 out of 1023 companies in the Semiconductors industry, placing it in the top 80.3%.
Is Macronix International Co's Operating Margin % too high?
Macronix International Co's current Operating Margin % is -5.08%. Based on the distribution chart, Macronix International Co ranks #821 out of 1023 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Macronix International Co has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Macronix International Co's Operating Margin % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Macronix International Co ranks #821 out of 1023 companies for Operating Margin %. This places Macronix International Co in the lower half of its industry. The industry median Operating Margin % is 5.18. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Semiconductors company?
The median Operating Margin % among Semiconductors companies is 5.18, based on 1,023 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Macronix International Co and its competitors. For the Semiconductors industry, the median Operating Margin % is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macronix International Co's current Operating Margin % is -5.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macronix International Co stock overvalued right now?
Based on GuruFocus' analysis, Macronix International Co (TPE:2337) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$47.92, compared to a current price of NT$172.00 — trading 258.9% above its estimated fair value. The current Operating Margin % is -5.08%. Macronix International Co's overall GF Score™ is 54/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Macronix International Co (TPE:2337), the current Operating Margin % is -5.08% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Macronix International Co (TPE:2337) Overvalued in 2026?

Based on GuruFocus' analysis, Macronix International Co stock appears to be overvalued. The current stock price of NT$172.00 is trading 258.9% above its estimated GF Value™ of NT$47.92. GuruFocus considers Macronix International Co to be Significantly Overvalued.

Key valuation signals for TPE:2337:

  • Operating Margin %: -5.08%
  • GF Value™: NT$47.92 vs. price of NT$172.00 (258.9% above fair value)
  • GF Score™: 54/100 with 7 warning signs

No single metric tells the full story. See the TPE:2337 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Macronix International Co Business Description

Address No. 16 Li-Hsin Road, Science Park, Hsin-Chu, TWN
Macronix International Co Ltd designs, manufactures, and supplies integrated circuits and memory chips. It specializes in nonvolatile memory devices, including NOR Flash, NAND Flash, and read-only memory products. The Company also performs design, research and development, consultation and trade of relevant products. The company operates as a single reportable segment: the memory products and wafer fabrication segment. The firm operates in four Products: Flash, ROM, Foundry, and Others. The majority of revenue is from Flash Product. The company operates in Taiwan, China, and other countries generating key revenue from Taiwan region.
54GF Score

Get the complete analysis for TPE:2337

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$172.00
Price
NT$47.92
GF Value