NASDAQ$AMKR

Amkor Technology Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Amkor's Q4 2021 financial results were reported, featuring record net sales, gross profit, operating income, and earnings per diluted share.

Amkor Technology reported record financial results for the fourth quarter and full year 2021, with Q4 net sales reaching $1.72 billion, a 26% increase year-over-year, and EPS of $0.88. The company achieved record annual revenue of $6.14 billion and EPS of $2.62.

  • Record net sales of $1.72 billion, up 26% year-over-year.
  • Record gross profit of $362 million and operating income of $252 million.
  • Record net income of $217 million and earnings per diluted share of $0.88.
  • Full year revenue reached a record $6.14 billion, a 22% increase year-over-year.

Headline financials

Total Revenue

$1.73B

Previous: $1.37B+25.8%
EPS (adj)

$0.88

Previous: $0.44+100.0%
Communications revenue mix

42.0%

Previous: 46.0%-8.7%
Computing revenue mix

16.0%

Previous: 16.0%+0.0%
Automotive & industrial mix

20.0%

Previous: 19.0%+5.3%
Capital Expenditures

$288M

Previous: $277M+3.9%
Free Cash Flow

$201M

Previous: $221M-8.9%
Net Income

$217M

Previous: $127M+70.9%
Operating Income

$252M

Previous: $159M+58.5%
Gross Profit

$362M

Previous: $279M+30.0%
Cash & Equivalents

$827M

Previous: $698M+18.4%
Total Assets

$6.04B

Previous: $5.02B+20.2%
Stock-Based Comp

$11M

Previous: $8.03M+36.6%

Revenue & EPS history

Amkor · Revenue · Quarterly

$1.73B

Q4 2021+25.8%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Amkor · $1.73B total across 2 segments · Q4 2021

  • Advanced products
    $1.27B+46.7%
  • Mainstream products
    $452M-10.1%

Forward guidance

Amkor's guidance for the first quarter 2022 includes net sales of $1.50 billion to $1.60 billion, gross margin of 17.5% to 20.0%, and net income of $115 million to $165 million, or $0.45 to $0.65 per diluted share. Full year 2022 capital expenditures are expected to be around $950 million.

Tailwinds

  • Net sales of $1.50 billion to $1.60 billion
  • Gross margin of 17.5% to 20.0%
  • Net income of $115 million to $165 million
  • EPS of $0.45 to $0.65 per diluted share
  • Full year 2022 capital expenditures to be around $950 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 Q4 2021

Historical avgQ4 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%

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