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Mar 31, 2021
Amkor Q1 2021 Earnings Report
Amkor's first quarter revenue record was delivered with a 15% increase over the first quarter of last year.
Key Takeaways
Amkor Technology reported a record first quarter with net sales of $1.33 billion, a 15% increase year-on-year. The company's gross margin was 20.0%, and operating income margin was 10.9%. Net income was $120 million, with earnings per diluted share at $0.49.
Record first quarter net sales of $1.33 billion, up 15% year-on-year.
Gross margin reached 20.0%, with an operating income margin of 10.9%.
Net income was reported at $120 million, with earnings per diluted share of $0.49.
EBITDA was $280 million.
Revenue by Segment
Forward Guidance
The second quarter is expected to be another solid quarter, with revenue of $1.34 billion at the midpoint of guidance. Capacity constraints in wafers and substrates are expected to affect portions of the supply chain in the near term.
Positive Outlook
- Revenue of $1.29 billion to $1.39 billion
- Gross margin of 17% to 20%
- Net income of $77 million to $127 million, or $0.32 to $0.52 per diluted share
- Full year 2021 capital expenditures of approximately $700 million
- Overall, the company continues to see solid demand across all of its key markets
Challenges Ahead
- Capacity constraints in wafers and substrates are expected to affect portions of the supply chain in the near term.
- Working closely with customers and suppliers to mitigate the impact
- Dependence on the highly cyclical, volatile semiconductor industry
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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