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Dec 31, 2023

Amkor Q4 2023 Earnings Report

Amkor's Q4 2023 financial results were announced, revealing a net sales of $1.75 billion and a net income of $118 million.

Key Takeaways

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.

Total Revenue
$1.75B
Previous year: $1.91B
-8.1%
EPS
$0.48
Previous year: $0.67
-28.4%
Communications Revenue
56%
Previous year: 50%
+12.0%
Automotive/Industrial Revenue
19%
Previous year: 20%
-5.0%
Computing Revenue
13%
Previous year: 13%
+0.0%
Gross Profit
$279M
Previous year: $334M
-16.5%
Cash and Equivalents
$1.12B
Previous year: $959M
+16.8%
Free Cash Flow
$534M
Previous year: $194M
+175.3%
Total Assets
$6.77B
Previous year: $6.82B
-0.7%

Amkor

Amkor

Amkor Revenue by Segment

Forward Guidance

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.

Revenue & Expenses

Visualization of income flow from segment revenue to net income