NASDAQ$AMKR

Amkor Technology Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Amkor's Q3 2022 earnings report was released, revealing record financial results driven by strong performance across all end markets.

Amkor Technology reported record financial results for Q3 2022, with net sales of $2.1 billion and EPS of $1.24, driven by quality execution of steep production ramps for new high-volume products.

  • Net sales reached $2.1 billion, a 24% increase year-over-year.
  • Gross profit was $421 million, with an operating income of $319 million.
  • Net income was $306 million, resulting in earnings per diluted share of $1.24.
  • EBITDA stood at $481 million.

Headline financials

Total Revenue

$2.08B

Previous: $1.68B+24.0%
EPS (adj)

$1.24

Previous: $0.74+67.6%
Communications revenue mix

47.0%

Previous: 43.0%+9.3%
Computing revenue mix

15.0%

Previous: 15.0%+0.0%
Automotive & industrial mix

18.0%

Previous: 20.0%-10.0%
Capital Expenditures

-$576M

Previous: -$491M-17.1%
Free Cash Flow

-$269M

Previous: -$311M+13.2%
Net Income

$306M

Previous: $181M+69.2%
Operating Income

$319M

Previous: $211M+51.0%
Gross Profit

$421M

Previous: $325M+29.7%
Cash & Equivalents

$624M

Previous: $546M+14.4%
Total Assets

$6.69B

Previous: $5.77B+16.0%

Revenue & EPS history

Amkor · Revenue · Quarterly

$2.08B

Q3 2022+24%vs Q3 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Amkor · $2.08B total across 2 segments · Q3 2022

  • Advanced products
    $1.64B+32.7%
  • Mainstream products
    $444M-0.2%

Forward guidance

Amkor's guidance for the fourth quarter 2022 includes net sales of $1.80 billion to $1.90 billion, gross margin of 16.0% to 18.0%, and net income of $150 million to $195 million, or $0.60 to $0.80 per diluted share. Full year 2022 capital expenditures are expected to be approximately $900 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 Q3 2022

Historical avgQ3 2022

+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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