Amkor Technology reported Q4 2023 net sales of $1.75 billion and net income of $118 million. The company outperformed the semiconductor industry by maintaining its strategic focus on advanced packaging.
Q4 net sales reached $1.75 billion.
Net income for Q4 was $118 million, with earnings per diluted share at $0.48.
Amkor outperformed the semiconductor industry by focusing on advanced packaging.
The company gained market share and achieved record revenue in Communications.
First quarter 2024 guidance is being driven by a more than seasonal decline in Communications following a record year and weakness in the Automotive & Industrial end market as customers work through inventory.
Visualization of income flow from segment revenue to net income