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Mar 31, 2024
Amkor Q1 2024 Earnings Report
Amkor's Q1 2024 earnings aligned with expectations, with revenue at $1.37 billion and EPS at $0.24.
Key Takeaways
Amkor Technology reported Q1 2024 results with net sales of $1.37 billion and EPS of $0.24. The company sees Q1 as the low point for revenue and utilization after a multi-quarter industry downturn. They are continuing capacity expansion for AI devices and progressing plans for an Advanced packaging and test facility in Arizona.
Net sales for Q1 2024 were $1.37 billion.
Gross profit was $202 million, with an operating income of $73 million.
Net income reached $59 million, resulting in earnings per diluted share of $0.24.
EBITDA stood at $233 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Amkor's guidance for the second quarter 2024 includes net sales of $1.40 billion to $1.50 billion, gross margin of 13.0% to 15.0%, and net income of $35 million to $75 million, or $0.14 to $0.30 per diluted share. Full year 2024 capital expenditures are expected to be approximately $750 million.
Positive Outlook
- Net sales of $1.40 billion to $1.50 billion
- Gross margin of 13.0% to 15.0%
- Net income of $35 million to $75 million
- Earnings per diluted share of $0.14 to $0.30
- Full year 2024 capital expenditures of approximately $750 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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