Amkor Q3 2020 Earnings Report
Key Takeaways
Amkor Technology reported record third-quarter net sales of $1.35 billion, up 25% year-on-year and 15% sequentially. The company's operating income was $127 million, with a margin of 9.4%, and net income was $92 million, resulting in earnings per diluted share of $0.38. Amkor also initiated a regular quarterly cash dividend of $0.04 per share.
Record third quarter net sales of $1.35 billion, a 25% increase year-over-year and 15% sequentially.
Operating income reached $127 million, resulting in an operating income margin of 9.4%.
Net income was $92 million, with earnings per diluted share at $0.38.
Initiated a regular quarterly cash dividend of $0.04 per share.
Amkor
Amkor
Amkor Revenue by Segment
Forward Guidance
For the fourth quarter of 2020, Amkor expects net sales between $1.25 billion and $1.35 billion, and net income between $68 million and $115 million, or $0.28 to $0.47 per diluted share. They also expect year on year revenue growth of 10%.
Positive Outlook
- Continued strength in advanced packaging.
- Recovering automotive end market.
- Solid revenue performance expected.
- Growing demand in the communications end market.
- Share gains in the communications end market.
Revenue & Expenses
Visualization of income flow from segment revenue to net income