Amkor Q2 2023 Earnings Report
Key Takeaways
Amkor Technology's Q2 2023 net sales reached $1.46 billion, with a net income of $64 million and earnings per diluted share of $0.26. The company's performance was driven by demand for advanced packaging solutions, particularly in the computing and consumer end markets.
Net sales were $1.46 billion.
Gross profit was $187 million, with an operating income of $76 million.
Net income reached $64 million, resulting in earnings per diluted share of $0.26.
EBITDA amounted to $245 million.
Amkor
Amkor
Amkor Revenue by Segment
Forward Guidance
Amkor’s guidance for the third quarter 2023 includes net sales of $1.725 billion to $1.825 billion, gross margin of 13.5% to 15.5%, and net income of $90 million to $130 million, or $0.36 to $0.53 per diluted share. Full year 2023 capital expenditures are expected to be approximately $750 million.
Positive Outlook
- Net sales of $1.725 billion to $1.825 billion
- Gross margin of 13.5% to 15.5%
- Net income of $90 million to $130 million
- Earnings per diluted share of $0.36 to $0.53
- Full year 2023 capital expenditures of approximately $750 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income