Amkor Q2 2021 Earnings Report
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
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