Amkor Technology (AMKR) Tops Q3 EPS by 1c; Guides Lower

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Amkor Technology Reports Financial Results for the Third Quarter 2023

October 30, 2023 4:03 PM EDT

TEMPE, Ariz.--(BUSINESS WIRE)-- Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the third quarter ended September 30, 2023.

Third Quarter 2023 Highlights

Net sales $1.82 billion Gross profit $283 million, operating income $167 million Net income $133 million, earnings per diluted share $0.54 EBITDA $333 million

Amkor delivered third quarter revenue and profitability at the high end of guidance. Revenue of $1.82 billion was up 25% sequentially, driven by growth within the Communications end market, which grew... More