The earnings call reflects a mixed sentiment with strong third-quarter performance and strategic advancements in technology and partnerships. However, these are offset by ongoing challenges in key markets like automotive and industrial, as well as anticipated revenue declines in the fourth quarter.
Company Guidance
In the third quarter of 2024, Amkor reported revenue of $1.86 billion, marking a 27% sequential growth, with an EPS of $0.49, driven by strong demand for advanced SiP technology. Despite a 6% increase in year-to-date advanced packaging revenue, Amkor faced challenges in its mainstream business, with a 24% year-to-date revenue decline due to weak demand in automotive, industrial, and consumer sectors. The company's strategic focus on technology leadership and global manufacturing is evident with ongoing projects in Vietnam and future plans in Arizona. For the fourth quarter, Amkor anticipates a more than seasonal decline, projecting revenue around $1.65 billion, influenced by dynamics in the communications market. Nonetheless, Amkor remains optimistic about long-term growth, underpinned by strategic partnerships and investments in advanced packaging and AI technologies.
Strong Q3 Performance
Amkor delivered third quarter revenue of $1.86 billion, a 27% sequential increase, driven by a record in advanced SiP revenue for communications and consumer markets.
Advanced SiP and 2.5D Technology Success
Successfully ramped high-volume production for devices supporting new premium smartphones and AI-enabled ARM-based PCs. Advanced packaging revenue increased 6% year-to-date over 2023.
Expansion and Strategic Partnerships
Started production in Vietnam and progressing well in Arizona. Strategic partnerships with TSMC and Infineon are strengthening market positions.
Strong Balance Sheet
Maintained $1.5 billion in cash and short-term investments with a total liquidity of $2.2 billion, and a debt-to-EBITDA ratio of 1x.
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Amkor (AMKR) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AMKR Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 28, 2024
$29.00
$27.47
-5.28%
Jul 29, 2024
$36.83
$29.89
-18.84%
Apr 29, 2024
$30.75
$31.61
+2.80%
Feb 05, 2024
$31.50
$29.92
-5.02%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Amkor (AMKR) report earnings?
Amkor (AMKR) is schdueled to report earning on Feb 17, 2025, TBA Not Confirmed.
What is Amkor (AMKR) earnings time?
Amkor (AMKR) earnings time is at Feb 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.