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Dec 31, 2020
Amkor Q4 2020 Earnings Report
Amkor's Q4 2020 financial results were released, showcasing record revenue and EPS driven by annual growth of 25%.
Key Takeaways
Amkor Technology reported record fourth-quarter revenue of $1.37 billion, a 16.3% increase year-over-year, driven by better-than-expected demand for smartphone and automotive products. The company's gross margin was 20.3%, and operating income margin reached 11.6%. Net income for the quarter was $127 million, with earnings per diluted share of $0.52.
Net sales reached $1.37 billion, up 16.3% year-over-year.
Gross margin was 20.3%, with an operating income margin of 11.6%.
Net income was $127 million, translating to earnings per diluted share of $0.52.
EBITDA stood at $288 million.
Amkor
Amkor
Amkor Revenue by Segment
Revenue by Segment
Advanced products Revenue
CapyFin.comMainstream products Revenue
CapyFin.com Forward Guidance
Amkor expects a strong first quarter in 2021, with revenue projected to be 15% above the first quarter of 2020. The company anticipates 2021 to be another good growth year, driven by 5G deployment, high-performance computing, IoT wearables, and recovery in automotive.
Positive Outlook
- Continued recovery in automotive sector.
- Better than seasonal demand for smartphones.
- Growth driven by 5G deployment.
- Strong demand from high performance computing.
- Increased adoption of IoT wearables.
Challenges Ahead
- Health conditions or pandemics, such as Covid-19, impacting labor availability and operating capacity, capital availability, the supply chain and consumer demand for our customers’ 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, as well as by specific customers, such as inventory reductions by our customers impacting demand in key markets
- Changes in costs, quality, availability and delivery times of raw materials, components and equipment, including any disruption in the supply of certain materials due to regulations and customer requirements, as well as production delays, wage inflation, fluctuations in commodity prices and supply constraints
Revenue & Expenses
Visualization of income flow from segment revenue to net income