Amkor Q4 net sales $1.75B, net income $118M; FY2023 rev down 8% YoY; guides Q1 weak

AMKOR TECHNOLOGY, INC.

2023-FY EPS reported $1.46 revenue$6,503,065,000

Q4 net sales $1.75B; net income $118M ($0.48 diluted EPS). Full year net sales $6.50B (-8% YoY); net income $360M ($1.46 EPS) vs $766M ($3.11 EPS) in 2022.
Full year gross margin 14.5% (vs 18.8% in 2022); operating income $470M; EBITDA $1.13B; free cash flow $534M.
Quarterly dividend increased 5% to $0.07875/share; cash and short-term investments $1.59B, total debt $1.20B at Dec 31.
Q1 2024 guidance: net sales $1.3-1.4B, gross margin 11.5-14.0%, net income $8-48M ($0.03-$0.19 per diluted share).
Management cites more than seasonal decline in Communications, weak Automotive & Industrial inventory correction; full year capex ~$750M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMKOR TECHNOLOGY, INC. reported the year ended December 31, 2023 results: revenue $6.50 billion, net income $360 million, EPS $1.46.

Period: the year ended December 31, 2023
Revenue: $6.50 billion
Net income: $360 million
EPS: $1.46
Result: reported results

Exact text from the filing

Full Year 2023 Highlights: • Net sales $6.50 billion, down 8% year-on-year • Gross profit $943 million, operating income $470 million • Net income $360 million, earnings per diluted share $1.46

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMKOR TECHNOLOGY, INC. reported first quarter 2024 results: revenue $1.30 billion to $1.40 billion, net income $8 million to $48 million, EPS $0.03 to $0.19 per diluted share. Guidance initiated.

Period: first quarter 2024
Revenue: $1.30 billion to $1.40 billion
Net income: $8 million to $48 million
EPS: $0.03 to $0.19 per diluted share
Guidance: initiated
Result: guidance update

Exact text from the filing

Net sales of $1.30 billion to $1.40 billion • Gross margin of 11.5% to 14.0% • Net income of $8 million to $48 million, or $0.03 to $0.19 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMKOR TECHNOLOGY, INC. reported the fourth quarter ended December 31, 2023 results: revenue $1.75 billion, net income $118 million, EPS $0.48.

Period: the fourth quarter ended December 31, 2023
Revenue: $1.75 billion
Net income: $118 million
EPS: $0.48
Result: reported results

Exact text from the filing

Fourth quarter net sales $1.75 billion • Net income $118 million, earnings per diluted share $0.48

View on SEC.gov

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AMKOR TECHNOLOGY, INC. filing history →

Source: SEC EDGAR

accession 0001047127-24-000006

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