secwatch.observer — SEC 8-K summary
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Issuer:     AMKOR TECHNOLOGY, INC. (AMKR)
CIK:        0001047127
Form:       8-K
Filed at:   2024-02-05T23:59:59+00:00
Accession:  0001047127-24-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047127/000104712724000006/0001047127-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1047127/000104712724000006/amkr-20240205.htm
  HTML page:      https://secwatch.observer/filing/0001047127-24-000006

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