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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.
Amkor
Amkor
Amkor Revenue by Segment
Revenue by Segment
Advanced products Revenue
CapyFin.comMainstream products Revenue
CapyFin.com 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
- Industry downturns and declines in global economic and financial conditions
- The development, transition and ramp to high volume manufacture of more advanced silicon nodes and evolving wafer, packaging and test technologies may cause production delays, lower manufacturing yields and supply constraints for new wafers and other materials
Revenue & Expenses
Visualization of income flow from segment revenue to net income