earnings
confidence high
sentiment neutral
materiality 0.70
Amkor Q1 net sales $1.37B, EPS $0.24 in line; sees Q2 sales $1.4-1.5B
AMKOR TECHNOLOGY, INC.
2024-Q1 EPS reported
$0.24
revenue$1,365,511,000
- Net sales $1.37B (down 7% YoY), net income $59M, diluted EPS $0.24.
- Gross margin 14.8% vs 13.2% a year ago; operating income $73M.
- Q2 2024 guidance: net sales $1.4-1.5B, gross margin 13-15%, EPS $0.14-0.30.
- Quarterly dividend of $0.07875 per share paid on April 1; cash $1.6B, debt $1.2B.
- CEO says Q1 is low point; AI packaging capacity expansion and Vietnam ramp underway.