NASDAQ$AMKR

Amkor Technology Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported record net sales and earnings per share for the second quarter of 2021.

Amkor Technology reported record net sales of $1.41 billion, up 20% year-on-year, and record second quarter earnings per diluted share of $0.51. Strong demand for Advanced SiP in the Communications and Consumer end markets drove revenue above expectations. The Automotive and Industrial business grew 33% year-on-year to a record $300 million.

  • Record net sales of $1.41 billion, up 20% year-on-year.
  • Gross margin was 19.4%, and operating income margin was 11.0%.
  • Record second quarter net income was $126 million, with record second quarter earnings per diluted share of $0.51.
  • EBITDA reached $295 million.

Headline financials

Total Revenue

$1.41B

Previous: $1.17B+19.9%
EPS (adj)

$0.51

Previous: $0.23+121.7%
Communications revenue mix

40.0%

Previous: 38.0%+5.3%
Computing revenue mix

16.0%

Previous: 16.0%+0.0%
Automotive & industrial mix

22.0%

Previous: 19.0%+15.8%
Capital Expenditures

-$274M

Previous: -$134M-103.7%
Free Cash Flow

-$148M

Previous: -$78.9M-87.3%
Net Income

$126M

Previous: $55.4M+127.0%
Operating Income

$155M

Previous: $86.5M+79.3%
Gross Profit

$273M

Previous: $192M+41.9%
Cash & Equivalents

$725M

Previous: $783M-7.5%
Total Assets

$5.57B

Previous: $5.12B+8.8%

Revenue & EPS history

Amkor · Revenue · Quarterly

$1.41B

Q2 2021+19.9%vs Q2 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Amkor · $1.41B total across 2 segments · Q2 2021

  • Advanced products
    $980M+34.4%
  • Mainstream products
    $427M-3.8%

Forward guidance

The company expects 26% year-on-year growth in the third quarter with revenue of $1.70 billion.

Tailwinds

  • Net sales of $1.65 billion to $1.75 billion
  • Gross margin of 18.5% to 20.5%
  • Net income of $150 million to $200 million, or $0.60 to $0.80 per diluted share
  • Fueled by new product ramps for Advanced products in Communications

Headwinds

  • Ongoing supply chain constraints affecting the semiconductor industry
  • Working closely with customers and suppliers to help mitigate ongoing supply chain constraints

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 Q2 2021

Historical avgQ2 2021

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro