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Mar 31, 2020
Amkor Q1 2020 Earnings Report
Amkor's Q1 2020 financial results were reported, showcasing year-over-year growth driven by the communications and consumer markets.
Key Takeaways
Amkor Technology reported a strong first quarter in 2020, with revenue up nearly 30% year-over-year. The growth was primarily driven by the communications and consumer markets. Profitability increased significantly compared to the previous year.
Net sales reached $1.15 billion, a 29% increase year-over-year.
Operating income was $84 million, with an operating margin of 7.3%.
Net income amounted to $64 million, resulting in earnings per diluted share of $0.26.
EBITDA stood at $210 million.
Amkor
Amkor
Amkor Revenue by Segment
Forward Guidance
For the second quarter of 2020, Amkor anticipates net sales between $1.0 billion and $1.1 billion, and a net income ranging from a loss of $32 million to a profit of $19 million.
Positive Outlook
- Net sales of $1.0 billion to $1.1 billion
Challenges Ahead
- Net income of ($32) million to $19 million, or ($0.13) to $0.08 per diluted share
- Gross margin of 9.5% to 13.5%
- Full year 2020 capital expenditures of approximately $550 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income