Amkor Q3 2023 Earnings Report
Key Takeaways
Amkor Technology reported a strong third quarter in 2023, with revenue of $1.82 billion, up 25% sequentially. The Communications end market experienced year-on-year growth, reaching a new record level. The company also celebrated the grand opening of its state-of-the-art factory in Bac Ninh, Vietnam.
Net sales reached $1.82 billion.
Gross profit was $283 million, with an operating income of $167 million.
Net income amounted to $133 million, resulting in earnings per diluted share of $0.54.
EBITDA stood at $333 million.
Amkor
Amkor
Amkor Revenue by Segment
Forward Guidance
Amkor Technology anticipates net sales between $1.625 billion and $1.725 billion, gross margin between 14.0% and 16.0%, and net income between $80 million and $120 million, or $0.32 to $0.49 per diluted share for Q4 2023. Full year 2023 capital expenditures are expected to be approximately $750 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income