Latest news with #AmkorTechnology
Yahoo
30-07-2025
- Business
- Yahoo
Amkor Technology (AMKR) Soars 18% on Q3 Sales Growth Outlook
We recently published . Amkor Technology, Inc. (NASDAQ:AMKR) is one of the best-performing stocks on Monday. Amkor Technology rallied for a third day on Tuesday, jumping 18.13 percent to close at $25.08 apiece as investors cheered the company's optimistic outlook for the third quarter of the year despite a mixed earnings performance in the past quarter. In its earnings release, Amkor Technology, Inc. (NASDAQ:AMKR) said net sales in the second quarter of the year inched up by 3 percent to $1.5 billion from $1.46 billion in the same period last year. However, attributable net income dropped by 19 percent to $54 million from $67 million year-on-year. For the third quarter, Amkor Technology, Inc. (NASDAQ:AMKR) expects net sales to either end flat or grow by 6 percent year-on-year, pegging figures at $1.875 billion to $1.975 billion, as compared with the $1.862 billion posted in the same period last year. Net income, on the other hand, was projected to end lower at $85 million to $120 million, versus the $123 million posted in the same quarter a year earlier. While we acknowledge the potential of AMKR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
28-07-2025
- Business
- Business Wire
Amkor Technology Reports Financial Results for the Second Quarter 2025
TEMPE, Ariz.--(BUSINESS WIRE)--Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Highlights Net sales $1.51 billion Gross profit $182 million, operating income $92 million Net income $54 million, earnings per diluted share $0.22 EBITDA $259 million 'We delivered second quarter revenue of $1.51 billion, up 14% sequentially and above the high end of guidance, with double-digit growth across all end markets,' said Giel Rutten, Amkor's president and chief executive officer. 'Amkor is strengthening its strategic presence in AI, HPC, and other technologies reshaping the industry. Our strong customer relationships and broad geographic footprint make us an ideal partner to deliver next-generation solutions.' Quarterly Financial Results (1) EBITDA is a non-GAAP measure. The reconciliation to the comparable GAAP measure is included below under 'Selected Operating Data.' (2) During the three months ended June 30, 2025, our results include a $32 million net benefit to operating income and EBITDA due to a contingency payment related to our acquisition of Nanium in May 2017. Net income and earnings per diluted share also include a $16 million and $0.07 benefit, respectively. At June 30, 2025, total cash and short-term investments was $2.0 billion, and total debt was $1.6 billion. In July 2025 the company will repay a total of $223 million in debt. The company paid a quarterly dividend of $0.08269 per share on June 25, 2025. The declaration and payment of future dividends, as well as any record and payment dates, are subject to the approval of the Board of Directors. Business Outlook The following information presents Amkor's guidance for the third quarter 2025 (unless otherwise noted): Net sales of $1.875 billion to $1.975 billion Gross margin of 13.0% to 14.5% Net income of $85 million to $120 million, or $0.34 to $0.48 per diluted share Full year 2025 capital expenditures of approximately $850 million Conference Call Information Amkor will conduct a conference call on Monday, July 28, 2025, at 5:00 p.m. Eastern Time. This call may include material information not included in this press release. To access the live audio webcast and the accompanying slide presentation, visit the Investor Relations section of Amkor's website, located at The live call can also be accessed by dialing 1-877-407-4019 or 1-201-689-8337. About Amkor Technology, Inc. Amkor Technology, Inc. (Nasdaq: AMKR) is the world's largest U.S. headquartered OSAT and is a global leader in outsourced semiconductor packaging and test services. With a strong track record of innovation, a broad and diverse geographic footprint and solid partnerships with lead customers, Amkor delivers high-quality solutions that enable the world's leading semiconductor and electronics companies to bring advanced technologies to market. The company's comprehensive portfolio includes advanced packaging, wafer-level processing, and system-in-package solutions targeting applications for smartphones, data centers, artificial intelligence, automobiles and wearables. For more information visit (1) Advanced products include flip chip, memory and wafer-level processing and related test services. (2) Mainstream products include all other wirebond packaging and related test services. Expand In this press release, we refer to EBITDA, which is not defined by U.S. GAAP. We define EBITDA as net income before interest expense, income tax expense and depreciation and amortization. We believe EBITDA to be relevant and useful information to our investors because it provides additional information in assessing our financial operating results. Our management uses EBITDA in evaluating our operating performance, and our ability to service debt, fund capital expenditures and pay dividends. However, EBITDA has certain limitations in that it does not reflect the impact of certain expenses on our consolidated statements of income, including interest expense, which is a necessary element of our costs because we have borrowed money in order to finance our operations, income tax expense, which is a necessary element of our costs because taxes are imposed by law, and depreciation and amortization, which is a necessary element of our costs because we use capital assets to generate income. EBITDA should be considered in addition to, and not as a substitute for, or superior to, operating income, net income or other measures of financial performance prepared in accordance with U.S. GAAP. Furthermore, our definition of EBITDA may not be comparable to similarly titled measures reported by other companies. Below is our reconciliation of EBITDA to U.S. GAAP net income. AMKOR TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share data) (Unaudited) For the Three Months Ended June 30, For the Six Months Ended June 30, 2025 2024 2025 2024 Net sales $ 1,511,392 $ 1,461,474 $ 2,832,967 $ 2,826,985 Cost of sales 1,329,495 1,249,099 2,493,487 2,412,967 Gross profit 181,897 212,375 339,480 414,018 Selling, general and administrative 47,922 91,280 128,330 181,626 Research and development 42,008 39,568 87,660 77,739 Total operating expenses 89,930 130,848 215,990 259,365 Operating income 91,967 81,527 123,490 154,653 Interest expense 16,810 15,805 33,619 32,244 Other (income) expense, net (8,057 ) (15,848 ) (19,132 ) (31,143 ) Total other expense, net 8,753 (43 ) 14,487 1,101 Income before taxes 83,214 81,570 109,003 153,552 Income tax expense 28,162 14,312 32,098 26,508 Net income 55,052 67,258 76,905 127,044 Net income attributable to non-controlling interests (635 ) (361 ) (1,360 ) (1,250 ) Net income attributable to Amkor $ 54,417 $ 66,897 $ 75,545 $ 125,794 Net income attributable to Amkor per common share: Shares used in computing per common share amounts: Basic 247,090 246,228 246,973 246,118 Expand AMKOR TECHNOLOGY, INC. CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) December 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 1,527,384 $ 1,133,553 Short-term investments 516,430 512,984 Accounts receivable, net of allowances 1,125,586 1,055,013 Inventories 375,249 310,910 Other current assets 79,994 61,012 Total current assets 3,624,643 3,073,472 Property, plant and equipment, net 3,802,045 3,576,148 Operating lease right of use assets 98,415 109,730 Goodwill 19,588 17,947 Restricted cash 755 759 Other assets 160,180 166,272 Total assets $ 7,705,626 $ 6,944,328 LIABILITIES AND EQUITY Current liabilities: Short-term borrowings and current portion of long-term debt $ 374,855 $ 236,029 Trade accounts payable 760,108 712,887 Capital expenditures payable 411,703 123,195 Short-term operating lease liability 24,896 26,827 Accrued expenses 344,100 356,337 Total current liabilities 1,915,662 1,455,275 Long-term debt 1,198,190 923,431 Pension and severance obligations 81,936 70,594 Long-term operating lease liabilities 51,599 57,983 Other non-current liabilities 226,165 253,880 Total liabilities 3,473,552 2,761,163 Stockholders' equity: Preferred stock — — Common stock 294 293 Additional paid-in capital 2,041,548 2,031,643 Retained earnings 2,369,797 2,335,132 Accumulated other comprehensive income (loss) 12,299 7,510 Treasury stock (226,514 ) (225,033 ) Total Amkor stockholders' equity 4,197,424 4,149,545 Non-controlling interests in subsidiaries 34,650 33,620 Total equity 4,232,074 4,183,165 Total liabilities and equity $ 7,705,626 $ 6,944,328 Expand AMKOR TECHNOLOGY, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) For the Six Months Ended June 30, 2025 2024 Cash flows from operating activities: Net income $ 76,905 $ 127,044 Depreciation and amortization 312,663 294,874 Other operating activities and non-cash items 1,312 17,966 Changes in assets and liabilities (108,268 ) (52,816 ) Net cash provided by operating activities 282,612 387,068 Cash flows from investing activities: Payments for property, plant and equipment (226,086 ) (262,543 ) Proceeds from sale of property, plant and equipment 4,762 4,813 Proceeds from foreign exchange forward contracts 41,920 5,088 Payments for foreign exchange forward contracts (28,967 ) (43,091 ) Payments for short-term investments (331,393 ) (279,526 ) Proceeds from sale of short-term investments 76,021 30,914 Proceeds from maturities of short-term investments 256,266 263,932 Other investing activities 1,680 5,354 Net cash used in investing activities (205,797 ) (275,059 ) Cash flows from financing activities: Proceeds from short-term debt — 5,012 Payments of short-term debt — (8,055 ) Proceeds from long-term debt 500,000 58,727 Payments of long-term debt (112,163 ) (116,921 ) Payments of finance lease obligations (30,627 ) (38,678 ) Payments of dividends (40,860 ) (38,778 ) Other financing activities (8,130 ) 216 Net cash provided by (used in) financing activities 308,220 (138,477 ) Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash 8,792 (13,724 ) Net increase (decrease) in cash, cash equivalents and restricted cash 393,827 (40,192 ) Cash, cash equivalents and restricted cash, beginning of period 1,134,312 1,120,617 Cash, cash equivalents and restricted cash, end of period $ 1,528,139 $ 1,080,425 Expand Forward-Looking Statement Disclaimer This press release contains forward-looking statements within the meaning of the federal securities laws. You are cautioned not to place undue reliance on forward-looking statements, which are often characterized by terminology such as 'may,' 'will,' 'should,' 'expects,' 'plans,' 'anticipates,' 'believes,' 'estimates,' 'predicts,' 'potential,' 'continue' or 'intend,' by the negative of these terms or other comparable terminology or by discussions of strategy, plans or intentions. All forward-looking statements in this press release are made based on our current expectations, forecasts, estimates and assumptions. Because such statements include risks and uncertainties, actual results may differ materially from those anticipated in such forward-looking statements as a result of various factors, including, but not limited to, the following: dependence on the cyclical and volatile semiconductor industry and vulnerability to industry downturns and declines in global economic and financial conditions; changes in costs, quality, availability and delivery times of raw materials, components and equipment; fluctuations in operating results and cash flows; competition with established competitors in the packaging and test business, the internal capabilities of integrated device manufacturers and new competitors, including foundries and contract manufacturers; our substantial investments in equipment and facilities to support the demand of our customers; warranty claims, product return and liability risks, and the risk of negative publicity if our products fail, as well as the risk of litigation incident to our business; difficulty achieving the relatively high-capacity utilization rates necessary to realize satisfactory gross margins given our high percentage of fixed costs; our absence of backlog and the short-term nature of our customers' commitments; the historical downward pressure on the prices of our packaging and test services; fluctuations in our manufacturing yields; a downturn or lower sales to customers in the automotive industry; dependence on key customers or concentration of customers in certain end markets, such as mobile communications and automotive; difficulty funding our liquidity needs; challenges with integrating diverse operations; dependence on international factories and operations and risks relating to trade restrictions and regional conflict, including restrictive trade barriers, export controls, tariffs, customs and duties; our ability to develop new proprietary technology, protect our proprietary technology, operate without infringing the proprietary rights of others and implement new technologies; our continuing development and implementation of changes to, and maintenance and security of, our information technology systems; restrictive covenants in the indentures and agreements governing our current and future indebtedness; our substantial indebtedness; fluctuations in interest rates and changes in credit risk; the ability of certain of our stockholders to effectively determine or substantially influence the outcome of matters requiring stockholder approval; the possibility that we may decrease or suspend our quarterly dividend; difficulty attracting, retaining or replacing qualified personnel; maintaining an effective system of internal controls; any changes in tax laws, taxing authorities not agreeing with our interpretation of applicable tax laws, including whether we continue to qualify for conditional reduced tax rates, or any requirements to establish or adjust valuation allowances on deferred tax assets; environmental, health and safety liabilities and expenditures; conditions and obligations in connection with the receipt of government awards and incentives; and natural disasters and other calamities, health conditions or pandemics, political instability, hostilities or other disruptions. Other important risk factors that could affect the outcome of the events set forth in these statements and that could affect our operating results and financial condition are discussed in the company's Annual Report on Form 10-K for the year ended December 31, 2024 (the 'Form 10-K') and from time to time in our other reports filed with or furnished to the Securities and Exchange Commission ('SEC'). You should carefully consider the trends, risks and uncertainties described in this press release, the Form 10-K and other reports filed with or furnished to the SEC before making any investment decision with respect to our securities. If any of these trends, risks or uncertainties continues or occurs, our business, financial condition or operating results could be materially and adversely affected, the trading prices of our securities could decline, and you could lose part or all of your investment. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement. We assume no obligation to review or update any forward-looking statements to reflect events or circumstances occurring after the date of this press release except as may be required by applicable law.
Yahoo
27-07-2025
- Business
- Yahoo
Amkor (AMKR) To Report Earnings Tomorrow: Here Is What To Expect
Semiconductor packaging and testing company Amkor Technology (NASDAQ:AMKR) will be reporting results this Monday afternoon. Here's what you need to know. Amkor beat analysts' revenue expectations by 3% last quarter, reporting revenues of $1.32 billion, down 3.2% year on year. It was a strong quarter for the company, with a solid beat of analysts' adjusted operating income estimates and an impressive beat of analysts' EPS estimates. Is Amkor a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Amkor's revenue to decline 2.7% year on year to $1.42 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.16 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Amkor has missed Wall Street's revenue estimates twice over the last two years. Looking at Amkor's peers in the semiconductors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Micron delivered year-on-year revenue growth of 36.6%, beating analysts' expectations by 4.9%, and Texas Instruments reported revenues up 16.4%, topping estimates by 2%. Micron traded down 1.2% following the results while Texas Instruments was also down 13.3%. Read our full analysis of Micron's results here and Texas Instruments's results here. There has been positive sentiment among investors in the semiconductors segment, with share prices up 2.5% on average over the last month. Amkor is up 1.2% during the same time and is heading into earnings with an average analyst price target of $22 (compared to the current share price of $21.40). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Yahoo
27-07-2025
- Business
- Yahoo
Amkor (AMKR) To Report Earnings Tomorrow: Here Is What To Expect
Semiconductor packaging and testing company Amkor Technology (NASDAQ:AMKR) will be reporting results this Monday afternoon. Here's what you need to know. Amkor beat analysts' revenue expectations by 3% last quarter, reporting revenues of $1.32 billion, down 3.2% year on year. It was a strong quarter for the company, with a solid beat of analysts' adjusted operating income estimates and an impressive beat of analysts' EPS estimates. Is Amkor a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Amkor's revenue to decline 2.7% year on year to $1.42 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.16 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Amkor has missed Wall Street's revenue estimates twice over the last two years. Looking at Amkor's peers in the semiconductors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Micron delivered year-on-year revenue growth of 36.6%, beating analysts' expectations by 4.9%, and Texas Instruments reported revenues up 16.4%, topping estimates by 2%. Micron traded down 1.2% following the results while Texas Instruments was also down 13.3%. Read our full analysis of Micron's results here and Texas Instruments's results here. There has been positive sentiment among investors in the semiconductors segment, with share prices up 2.5% on average over the last month. Amkor is up 1.2% during the same time and is heading into earnings with an average analyst price target of $22 (compared to the current share price of $21.40). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-07-2025
- Business
- Yahoo
Goldman Sachs Starts Amkor (AMKR) at Neutral Amid Stable Semi Cycle and China Tailwinds
Amkor Technology Inc. (NASDAQ:AMKR) is one of the most oversold semiconductor stocks so far in 2025. On July 10, Goldman Sachs analyst James Schneider began coverage of Amkor Technology with a Neutral rating and a $20 price target, as part of a broader initiation on U.S. semiconductor capital equipment, storage, and foundry names. The analyst categorizes the current industry environment as being in the mid-cycle, which for Amkor specifically translates into a relatively stable revenue outlook over the next 18–24 months. Schneider sees limited upside catalysts in the near term but does not foresee major downside risks either, suggesting a 'wait and watch' approach is warranted for now. Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process. From a geographic standpoint, he thinks that China appears more of an opportunity rather than a threat for companies in the semiconductor supply chain, including outsourced assembly and test providers like Amkor. While geopolitical uncertainties remain a factor, China could drive demand in areas such as consumer electronics and mobility, and thus could offer some tailwinds. One area where Goldman does see upside for the industry is in storage, particularly with a potential NAND recovery into 2026. Although Amkor is not a pure-play on this segment, strength in memory and storage markets could indirectly benefit the company through increased packaging demand tied to those end-markets. Amkor Technology Inc. (NASDAQ:AMKR) provides outsourced semiconductor packaging and test services. While we acknowledge the potential of AMKR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Best Debt-Free Stocks to Invest in Right Now and 10 Most Oversold S&P 500 Stocks So Far in 2025. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
