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Mar 31, 2022
Amkor Q1 2022 Earnings Report
Amkor reported strong financial results, driven by continued demand for advanced packaging solutions, with record first-quarter sales and EPS.
Key Takeaways
Amkor Technology reported a strong first quarter in 2022, with net sales of $1.6 billion, up 20% year-on-year, and earnings per diluted share of $0.69. The company's performance was driven by continued demand for advanced packaging solutions, which grew 26% year-on-year.
Net sales reached $1.6 billion, a 20% increase year-over-year.
Gross margin was 20.4%, and operating income margin was 13.2%.
Net income amounted to $171 million, with earnings per diluted share at $0.69.
EBITDA stood at $363 million.
Revenue by Segment
Forward Guidance
Amkor's second quarter guidance reflects the estimated impact from a temporary, government mandated COVID-19 lockdown of their Shanghai operations. They anticipate that their Shanghai factory will return to normal production during the second half of the quarter.
Positive Outlook
- Net sales of $1.47 billion to $1.57 billion
- Gross margin of 16.5% to 18.5%
- Net income of $90 million to $140 million
- Earnings per diluted share of $0.37 to $0.57
- Full year 2022 capital expenditures of approximately $950 million
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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