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Sep 30, 2024
Amkor Q3 2024 Earnings Report
Amkor's revenue increased driven by strong demand for Advanced SiP technology, with a focus on executing production ramps and strengthening key partnerships.
Key Takeaways
Amkor Technology reported strong third-quarter results with net sales of $1.86 billion, a 27% sequential increase, driven by demand in Communications and Consumer end markets. The company focused on production ramps and strengthening partnerships.
Net sales reached $1.86 billion, up 27% sequentially.
Gross profit was $272 million, with an operating income of $149 million.
Net income stood at $123 million, resulting in earnings per diluted share of $0.49.
EBITDA totaled $309 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Amkor Technology anticipates net sales between $1.60 billion and $1.70 billion, gross margin between 13.5% and 15.5%, and net income between $70 million and $110 million, or $0.28 to $0.44 per diluted share for Q4 2024.
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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