Semiconductor manufacturer Magnachip Semiconductor (NYSE: MX) will be announcing earnings results this Thursday after the bell. Here’s what investors should know.

Magnachip met analysts’ revenue expectations last quarter, reporting revenues of $44.72 million, up 3% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

Is Magnachip a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Magnachip’s revenue to decline 11.2% year on year to $47.21 million, improving from the 12.8% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.13 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Magnachip has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Magnachip’s peers in the analog semiconductors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Texas Instruments delivered year-on-year revenue growth of 16.4%, beating analysts’ expectations by 2%, and Sensata Technologies reported a revenue decline of 8.9%, topping estimates by 1.1%. Texas Instruments traded down 13.3% following the results.

Read our full analysis of Texas Instruments’s results here and Sensata Technologies’s results here.

There has been positive sentiment among investors in the analog semiconductors segment, with share prices up 4.6% on average over the last month. Magnachip is up 5.5% during the same time and is heading into earnings with an average analyst price target of $6 (compared to the current share price of $4.20).

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