"Amkor's advanced packaging segment was a big plus this quarter, setting a new revenue record at $1.68 billion. The company achieved a 31% sequential revenue increase from Q2, a steep production ramp that underscores persistent demand from major customers in communications and computing end markets. Both segments posted record revenue this quarter, signaling broad-based strength rather than concentration in a single area."
"CEO Giel Rutten emphasized execution during a challenging period. "We achieved record revenue in our Communications and Computing end markets and broke ground on our new Advanced packaging and test campus in Arizona," he said. The Arizona expansion represents a tangible investment in capacity, positioning the company to capture sustained demand for advanced packaging solutions."
"Guidance for Q4 reflects management's confidence but also the cyclical nature of the business. The company projects revenue between $1.775 billion and $1.875 billion, with gross margins of 14.0% to 15.0% (including a $30 million benefit from asset sales). Net income is guided to $95 million to $120 million, translating to $0.38 to $0.48 per diluted share."
Amkor reported EPS of $0.51 on revenue of $1.99 billion, beating estimates. Advanced packaging revenue reached a record $1.68 billion, up 31% sequentially, supported by persistent demand in communications and computing end markets. Net income was $127 million, operating income $159 million, and gross profit $284 million, reflecting disciplined conversion of higher revenue into profit despite capital intensity. Management guided Q4 revenue of $1.775–$1.875 billion, gross margins of 14.0%–15.0% including a $30 million asset-sale benefit, and net income of $95–$120 million (EPS $0.38–$0.48). The stock fell 4.45% after-hours.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]