Amkor Technology Reports Financial Results for the Third Quarter 2020 and the Initiation of a Quarterly Cash Dividend

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Go back to Amkor Technology Reports Financial Results for the Third Quarter 2020 and the Initiation of a Quarterly Cash Dividend

Amkor Technology (AMKR) Tops Q3 EPS by 12c, Revenues Beat; Offers 4Q EPS/Revenue Guidance Above Consensus

October 26, 2020 4:06 PM EDT

Amkor Technology (NASDAQ: AMKR) reported Q3 EPS of $0.38, $0.12 better than the analyst estimate of $0.26. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.25 billion.

Third Quarter Highlights

Record third quarter net sales $1.35 billion, up 25% year-on-year and 15% sequentiallyOperating income $127 million, operating income margin 9.4%Net income $92 million, earnings per diluted share $0.38EBITDA $255 millionInitiation of a regular quarterly cash dividend of $0.04 per share

Stronger than expected demand in the communications and automotive and industrial... More