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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.
Revenue by Segment
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.
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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