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Jun 30, 2020
Amkor Q2 2020 Earnings Report
Reported financial results for the second quarter of 2020, with revenue driven by broad-based demand and strategic investments in advanced packaging technology and manufacturing capacity.
Key Takeaways
Amkor Technology reported a strong second quarter in 2020, with net sales of $1.17 billion, a 31% increase year-over-year. The company's operating income was $87 million, with an operating margin of 7.4%. Net income was $55 million, resulting in earnings per diluted share of $0.23.
Net sales increased by 31% year-over-year, reaching $1.17 billion.
Operating income was $87 million, with an operating margin of 7.4%.
Net income was $55 million, and earnings per diluted share were $0.23.
The company ended the quarter with net debt of $450 million.
Amkor
Amkor
Amkor Revenue by Segment
Revenue by Segment
Advanced products Revenue
CapyFin.comMainstream products Revenue
CapyFin.com Forward Guidance
The company expects sequential revenue growth in the third quarter, driven by the launch of flagship smartphones, including more 5G models.
Positive Outlook
- Net sales of $1.2 billion to $1.3 billion.
- Gross margin of 15% to 18%.
- Net income of $42 million to $85 million, or $0.17 to $0.35 per diluted share.
- Full year 2020 capital expenditures of approximately $550 million.
- Growth driven by the launch of flagship smartphones, including more 5G models
Challenges Ahead
- Health conditions or pandemics, such as COVID-19, impacting labor availability and operating capacity.
- Dependence on the highly cyclical, volatile semiconductor industry.
- Industry downturns and declines in global economic and financial conditions.
- Fluctuation in demand for semiconductors and conditions in the semiconductor industry generally.
- Changes in our capacity and capacity utilization rates and fluctuations in our manufacturing yields.
Revenue & Expenses
Visualization of income flow from segment revenue to net income