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Jun 30, 2021
Amkor Q2 2021 Earnings Report
Reported record net sales and earnings per share for the second quarter of 2021.
Key Takeaways
Amkor Technology reported record net sales of $1.41 billion, up 20% year-on-year, and record second quarter earnings per diluted share of $0.51. Strong demand for Advanced SiP in the Communications and Consumer end markets drove revenue above expectations. The Automotive and Industrial business grew 33% year-on-year to a record $300 million.
Record net sales of $1.41 billion, up 20% year-on-year.
Gross margin was 19.4%, and operating income margin was 11.0%.
Record second quarter net income was $126 million, with record second quarter earnings per diluted share of $0.51.
EBITDA reached $295 million.
Amkor
Amkor
Amkor Revenue by Segment
Revenue by Segment
Advanced products Revenue
CapyFin.comMainstream products Revenue
CapyFin.com Forward Guidance
The company expects 26% year-on-year growth in the third quarter with revenue of $1.70 billion.
Positive Outlook
- Net sales of $1.65 billion to $1.75 billion
- Gross margin of 18.5% to 20.5%
- Net income of $150 million to $200 million, or $0.60 to $0.80 per diluted share
- Fueled by new product ramps for Advanced products in Communications
Challenges Ahead
- Ongoing supply chain constraints affecting the semiconductor industry
- Working closely with customers and suppliers to help mitigate ongoing supply chain constraints
Revenue & Expenses
Visualization of income flow from segment revenue to net income