Amkor Q3 2021 Earnings Report
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.
Amkor
Amkor
Amkor 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