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Sep 30, 2023
Amkor Q3 2023 Earnings Report
Amkor's Q3 2023 financial performance was strong, with revenue and profitability reaching the high end of guidance, driven by growth in the Communications end market.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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