Amkor Q4 2019 Earnings Report
Key Takeaways
Amkor Technology reported record net sales of $1.18 billion for Q4 2019, a 9% increase sequentially and year-on-year. The company's gross margin was 18.9%, and net income reached $99 million, with earnings per diluted share at $0.41. Strong demand for advanced packages in the mobile and consumer markets drove revenue above expectations.
Record net sales of $1.18 billion, up 9% sequentially and year-on-year.
Gross margin of 18.9%.
Net income of $99 million, with earnings per diluted share of $0.41.
EBITDA of $244 million.
Amkor
Amkor
Amkor Revenue by Segment
Forward Guidance
Amkor expects Q1 2020 revenue to be up approximately 25% year-on-year and down about 5% sequentially. The company anticipates net sales between $1.08 billion and $1.16 billion, and net income between $22 million and $59 million, or $0.09 to $0.24 per diluted share.
Positive Outlook
- Net sales of $1.08 billion to $1.16 billion
- Gross margin of 14.5% to 17.5%
- Net income of $22 million to $59 million
- Earnings per diluted share of $0.09 to $0.24
- Well-positioned for growth in 2020
Challenges Ahead
- Health conditions or pandemics, such as the recent coronavirus outbreak, impacting the supply chain and consumer demand for electronic products and services
- Dependence on the highly cyclical, volatile semiconductor industry
- Industry downturns and declines in global economic and financial conditions
- Fluctuation in demand for semiconductors and conditions in the semiconductor industry generally
- Changes in costs, quality, availability and delivery times of raw materials, components and equipment
Revenue & Expenses
Visualization of income flow from segment revenue to net income