NASDAQ$AMKR
Amkor Technology Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Amkor's Q2 2024 financial results were announced, showing a sequential revenue increase driven by advanced packaging solutions.
Amkor Technology reported Q2 2024 results with net sales of $1.46 billion, a 7% increase sequentially. The growth was driven by advanced packaging, particularly for premium smartphones and AI solutions. Strength in communications and computing was partially offset by weakness in the automotive, industrial, and consumer markets.
- Net sales reached $1.46 billion, up 7% sequentially.
- Gross profit was $212 million, with an operating income of $82 million.
- Net income was $67 million, resulting in earnings per diluted share of $0.27.
- Growth was primarily driven by advanced packaging solutions for smartphones and AI.
Headline financials
Revenue & EPS history
Amkor · Revenue · Quarterly
$1.46B
Revenue by segment
Amkor · $1.82B total across 2 segments · Q3 2023
- Advanced products$1.45B-11.5%79.7%
- Mainstream products$370M-16.7%20.3%
Forward guidance
Amkor's guidance for Q3 2024 includes net sales of $1.785 billion to $1.885 billion, gross margin of 14.0% to 16.0%, and net income of $105 million to $140 million, or $0.42 to $0.56 per diluted share. Full year 2024 capital expenditures are expected to be approximately $750 million.
Tailwinds
- Net sales are projected to be between $1.785 billion and $1.885 billion.
- Gross margin is expected to be in the range of 14.0% to 16.0%.
- Net income is forecasted to be between $105 million and $140 million.
- Earnings per diluted share are anticipated to be $0.42 to $0.56.
- Full year capital expenditures are estimated at approximately $750 million.
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 2024
+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
| Quarter | Report date | Reaction (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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