NASDAQ$AMKR

Amkor Technology Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Amkor's financial performance exceeded expectations, driven by growth in the Automotive, Industrial, and Communications end markets.

Amkor Technology reported net sales of $1.5 billion and net income of $45 million for Q1 2023. The company's revenue and profitability were above the midpoint of guidance, with year-on-year growth in the Automotive, Industrial, and Communications end markets.

  • Net sales reached $1.5 billion.
  • Gross profit was $194 million, with an operating income of $69 million.
  • Net income stood at $45 million, resulting in earnings per diluted share of $0.18.
  • EBITDA amounted to $229 million.

Headline financials

Total Revenue

$1.47B

Previous: $1.6B-7.8%
EPS (adj)

$0.18

Previous: $0.69-73.9%
Communications revenue mix

45.0%

Previous: 41.0%+9.8%
Computing revenue mix

17.0%

Previous: 19.0%-10.5%
Automotive & industrial mix

26.0%

Previous: 21.0%+23.8%
Consumer revenue mix

12.0%

Previous: 19.0%-36.8%
Capital Expenditures

-$98.2M

Previous: -$158M+37.9%
Free Cash Flow

-$52.9M

Previous: $12.5M-522.7%
Net Income

$45.4M

Previous: $171M-73.4%
Operating Income

$68.7M

Previous: $210M-67.3%
Gross Profit

$194M

Previous: $325M-40.2%
Cash & Equivalents

$910M

Previous: $855M+6.4%
Total Assets

$6.58B

Previous: $6.23B+5.7%

Revenue & EPS history

Amkor · Revenue · Quarterly

$1.47B

Q1 2023-7.8%vs Q1 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Amkor · $1.47B total across 2 segments · Q1 2023

  • Advanced products
    $1.07B-7.7%
  • Mainstream products
    $404M-8.2%

Forward guidance

Amkor’s guidance for the second quarter 2023 includes net sales of $1.425 billion to $1.525 billion, gross margin of 12.0% to 14.0%, and net income of $30 million to $70 million, or $0.12 to $0.28 per diluted share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+1.6%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+4.1%

Avg return

30 days after

55%

38 / 69 earnings

Positive

+37.8%

Q3 2019

Best reaction

-21.3%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.7%-6.0%-6.7%
Q4 2025+1.8%-9.6%-21.4%
Q3 2025-3.1%-2.7%+5.2%
Q2 2025-3.1%-6.2%+3.8%
Q1 2025-2.6%+3.8%+7.1%
Q4 2024-11.3%-7.6%-22.0%
Q3 2024-6.4%-13.0%-12.9%
Q2 2024-20.0%-25.0%-14.5%
Q1 2024+5.6%+5.6%+6.2%
Q4 2023-4.0%-2.4%+10.0%
Q3 2023+0.4%+14.7%+36.5%
Q2 2023+0.1%-4.8%-5.8%
Q1 2023-5.9%-3.5%+10.8%
Q4 2022+0.0%-3.9%-11.6%
Q3 2022-1.5%+1.3%+34.7%
Q2 2022+9.5%+12.3%-0.2%
Q1 2022-2.4%+3.3%+7.9%
Q4 2021+15.7%+12.2%+7.9%
Q3 2021-0.1%-1.6%+4.4%
Q2 2021+2.3%+7.3%+13.5%
Q1 2021-11.6%-15.1%-11.5%
Q4 2020+8.6%+35.6%+20.6%
Q3 2020-15.3%-10.8%+7.4%
Q2 2020+18.6%+12.6%+7.9%
Q1 2020+1.7%+3.4%+16.6%
Q4 2019+19.5%+14.0%-21.9%
Q3 2019+37.8%+19.7%+13.9%
Q2 2019+19.3%+11.7%+5.6%
Q1 2019-6.3%-13.1%-27.8%
Q4 2018+6.4%+13.1%+2.5%
Q3 2018+19.9%+19.4%+14.4%
Q2 2018-2.9%+1.2%-3.4%
Q1 2018-4.2%-3.5%+4.1%
Q4 2017+8.2%+9.3%+20.1%
Q3 2017+5.7%+1.9%-2.2%
Q2 2017-9.5%-16.4%-14.6%
Q1 2017-1.7%-2.3%-2.0%
Q4 2016-3.6%+0.8%+9.2%
Q3 2016+11.3%+13.5%+28.6%
Q2 2016+16.1%+28.1%+44.7%
Q1 2016+1.7%
Q4 2015-21.3%
Q3 2015+8.9%
Q2 2015-16.7%
Q1 2015-8.2%
Q4 2014+23.9%
Q3 2014-16.3%
Q2 2014-3.7%
Q1 2014+8.9%
Q4 2013-0.8%
Q3 2013+8.2%
Q2 2013-1.4%
Q1 2013+11.6%
Q4 2012+2.5%
Q3 2012-4.9%
Q2 2012+2.9%
Q1 2012+4.2%
Q4 2011+2.3%
Q3 2011+6.1%
Q2 2011-9.5%
Q1 2010+2.0%
Q1 2011-0.6%
Q4 2008+3.9%
Q4 2010+3.9%
Q3 2009+1.2%
Q3 2010+1.2%
Q2 2009+3.6%
Q4 2009+3.6%
Q2 2010+3.6%

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