NASDAQ$AMKR

Amkor Technology Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Amkor Technology reported Q4 2024 revenue of $1.63 billion, a decline from $1.75 billion in Q4 2023. Net income for the quarter was $106 million, with EPS at $0.43. Operating income was $134 million, reflecting a decrease from the prior year. The company saw record revenue in its computing segment but faced weakness in automotive, industrial, and communications markets. Advanced Products contributed the majority of sales, while Mainstream Products saw a decline.

Headline financials

Total Revenue

$1.63B

Previous: $1.75B-7.0%
EPS (adj)

$0.43

Previous: $0.48-10.4%
Communications revenue mix

44.0%

Previous: 56.0%-21.4%
Computing revenue mix

21.0%

Previous: 13.0%+61.5%
Automotive & industrial mix

17.0%

Previous: 19.0%-10.5%
Capital Expenditures

-$286M

Previous: -$238M-20.1%
Net Income

$106M

Previous: $118M-10.5%
Operating Income

$134M

Previous: $159M-15.4%
Gross Profit

$247M

Previous: $279M-11.6%
R&D Expense

$42.8M

Previous: $41.6M+3.0%

Revenue & EPS history

Amkor · Revenue · Quarterly

$1.63B

Q4 2024-7%vs Q4 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Amkor · $1.82B total across 2 segments · Q3 2023

  • Advanced products
    $1.45B-11.5%
  • Mainstream products
    $370M-16.7%

Forward guidance

Amkor expects Q1 2025 revenue between $1.225 billion and $1.325 billion, with a gross margin of 10.0% to 13.0%. Net income is projected between $3 million and $43 million.

Tailwinds

  • Record revenue achieved in computing driven by AI and ARM-based PCs.
  • Successful ramp-up of Vietnam facility enhances manufacturing capabilities.
  • CHIPS Act funding secured to support U.S. semiconductor manufacturing.
  • Continued investment in advanced packaging technologies.
  • Expanding geographic footprint to support industry megatrends.

Headwinds

  • Weakness persists in automotive and industrial end markets.
  • Declining revenue in communications sector compared to prior year.
  • Operating income margin contracted compared to Q4 2023.
  • Free cash flow declined compared to the previous year.
  • Increased competition in semiconductor packaging services.

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 2024

Historical avgQ4 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

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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