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Sep 30, 2021
Amkor Q3 2021 Earnings Report
Amkor's Q3 2021 financial results were reported, featuring record net sales, gross profit, operating income, net income, and earnings per diluted share.
Key Takeaways
Amkor Technology reported record financial results for Q3 2021, with net sales reaching $1.68 billion, a 20% sequential increase. The company achieved record gross profit, operating income, and net income, driven by high utilization and excellent factory execution.
Record net sales of $1.68 billion, up 20% sequentially and 24% year-on-year.
Record gross profit of $325 million and record operating income of $211 million.
Gross margin was 19.3%, and operating income margin was 12.6%.
Record net income of $181 million, with record earnings per diluted share of $0.74.
Revenue by Segment
Forward Guidance
The company expects momentum to continue into Q4 2021, with an anticipated 20% year-on-year revenue growth for both the quarter and the full year.
Positive Outlook
- Net sales of $1.59 billion to $1.69 billion.
- Gross margin of 18.0% to 20.5%.
- Net income of $140 million to $190 million, or $0.55 to $0.75 per diluted share.
- Full year 2021 capital expenditures of approximately $775 million.
- Strong market position within the fastest growing semiconductor markets of 5G, Automotive, High Performance Computing and IoT.
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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