Amkor Technology(US:AMKR)2026-02-09 21:08Financial Performance - Fourth quarter net sales reached $1.89 billion, representing a 16% year-on-year increase, while full year net sales totaled $6.71 billion, up 6% from the previous year[6]. - Gross margin improved to 16.7% in Q4 2025, compared to 14.3% in Q3 2025 and 14.0% for the full year 2025, reflecting effective cost management[4]. - Operating income for Q4 2025 was $185 million, with an operating income margin of 9.8%, up from 8.0% in Q3 2025[4]. - Net income attributable to Amkor for Q4 2025 was $172 million, with earnings per diluted share of $0.69, compared to $0.51 in Q3 2025[4]. - EBITDA for the full year 2025 was $1.16 billion, an increase from $1.09 billion in 2024[4]. - Net income for 2025 was $376,116 thousand, compared to $355,535 thousand in 2024, reflecting an increase of 5.8%[24]. Cash and Investments - Total cash and short-term investments as of December 31, 2025, amounted to $1.99 billion, while total debt stood at $1.45 billion[4]. - Cash flows from operating activities amounted to $1,095,606 thousand in 2025, slightly up from $1,088,868 thousand in 2024[24]. - Cash, cash equivalents, and restricted cash at the end of the period reached $1,446,123 thousand, up from $1,134,312 thousand in 2024, a growth of 27.5%[24]. - The company reported a net cash used in investing activities of $885,044 thousand in 2025, up from $800,324 thousand in 2024[24]. Assets and Liabilities - Total assets increased to $8,136,309 thousand in 2025, up from $6,944,328 thousand in 2024, representing a growth of 17.1%[22]. - Total current assets rose to $3,884,761 thousand in 2025, a 26.4% increase from $3,073,472 thousand in 2024[22]. - Long-term debt increased to $1,282,816 thousand in 2025, up from $923,431 thousand in 2024, marking a rise of 38.9%[22]. - Total liabilities grew to $3,630,022 thousand in 2025, compared to $2,761,163 thousand in 2024, an increase of 31.4%[22]. - Total equity increased to $4,506,287 thousand in 2025, compared to $4,183,165 thousand in 2024, reflecting a growth of 7.7%[22]. Capital Expenditures and Future Outlook - Amkor's capital expenditures for the full year 2026 are projected to be approximately $2.5 billion to $3.0 billion, indicating a commitment to growth and expansion[9]. - Capital expenditures for 2025 were $904,614 thousand, compared to $743,796 thousand in 2024, indicating an increase of 21.6%[24]. - The company expects Q1 2026 net sales to be between $1.60 billion and $1.70 billion, with a gross margin forecast of 12.5% to 13.5%[9]. Dividend and Product Focus - The company announced a 1% increase in the quarterly cash dividend, raising it from $0.08269 to $0.08352 per share, effective December 23, 2025[5]. - Advanced products accounted for 84% of total net sales in Q4 2025, highlighting the company's focus on high-growth segments within the semiconductor industry[11].