NASDAQ$AMKR
Amkor Technology Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Amkor's Q3 2023 financial performance was strong, with revenue and profitability reaching the high end of guidance, driven by growth in the Communications end market.
Amkor Technology reported a strong third quarter in 2023, with revenue of $1.82 billion, up 25% sequentially. The Communications end market experienced year-on-year growth, reaching a new record level. The company also celebrated the grand opening of its state-of-the-art factory in Bac Ninh, Vietnam.
- Net sales reached $1.82 billion.
- Gross profit was $283 million, with an operating income of $167 million.
- Net income amounted to $133 million, resulting in earnings per diluted share of $0.54.
- EBITDA stood at $333 million.
Headline financials
Revenue & EPS history
Amkor · Revenue · Quarterly
$1.82B
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 Technology anticipates net sales between $1.625 billion and $1.725 billion, gross margin between 14.0% and 16.0%, and net income between $80 million and $120 million, or $0.32 to $0.49 per diluted share for Q4 2023. Full year 2023 capital expenditures are expected to be 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 Q3 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
| 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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