Financial Performance - Fourth quarter net sales were $1.63 billion, a decrease of 6.6% from $1.75 billion in Q4 2023[4] - Full year net sales totaled $6.32 billion, down 2.6% from $6.50 billion in 2023[4] - Gross margin for Q4 2024 was 15.1%, compared to 15.9% in Q4 2023[4] - Operating income for Q4 2024 was $134 million, down from $159 million in Q4 2023, resulting in an operating income margin of 8.3%[4] - Net income attributable to Amkor for Q4 2024 was $106 million, or $0.43 per diluted share, compared to $118 million, or $0.48 per diluted share in Q4 2023[4] - EBITDA for Q4 2024 was $302 million, down from $326 million in Q4 2023[4] - Net income attributable to Amkor for the year ended December 31, 2024, was $354,012, slightly down from $359,813 in 2023, with diluted earnings per share at $1.43[20] Revenue and Guidance - The company provided guidance for Q1 2025, expecting net sales between $1.225 billion and $1.325 billion[9] - Full year 2025 capital expenditures are projected to be approximately $850 million[9] - Net sales for the three months ended December 31, 2024, were $1,629,118, a decrease of 7% from $1,751,811 in the same period of 2023[20] Assets and Liabilities - Total assets increased to $6,944,328 as of December 31, 2024, compared to $6,771,125 in 2023, indicating growth in the company's asset base[22] - Cash and cash equivalents rose to $1,133,553 as of December 31, 2024, from $1,119,818 in 2023, reflecting improved liquidity[22] - Total liabilities decreased slightly to $2,761,163 as of December 31, 2024, from $2,776,090 in 2023, indicating effective debt management[22] Expenses and Cost Management - Gross profit for the year ended December 31, 2024, was $933,212, down from $943,153 in 2023, reflecting a gross margin of approximately 14.8%[20] - Research and development expenses increased to $162,951 for the year ended December 31, 2024, compared to $177,473 in 2023, indicating a focus on innovation despite overall cost management[20] - The company extended the estimated useful lives of test equipment, resulting in a reduction of depreciation expense by approximately $59 million for the year ended December 31, 2024[20] Market Conditions - The company achieved record revenue in the computing end market, driven by growth in ARM-based PCs and AI devices[3] - The company anticipates continued challenges in the semiconductor industry, including dependence on key customers and potential economic downturns, which may impact future performance[25]

Financial Performance - Net sales increased by $39.8 million, or 2.2%, to $1,861.6 million for the three months ended September 30, 2024, driven by growth in consumer and computing end markets, which rose by 30% and 23%, respectively [97][104]. - Gross margin decreased to 14.6% for the three months ended September 30, 2024, down from 15.5% in the same period of 2023, primarily due to higher material content and overhead costs [98][107]. - Operating income margin decreased by 110 basis points to 8.0% for the three months ended September 30, 2024, attributed to decreased gross margin and increased employee compensation costs [99]. - The automotive and industrial end market saw a 17% decline in net sales for the nine months ended September 30, 2024, primarily due to elevated customer inventories and weaker demand [105]. Cash Flow and Capital Expenditures - Net cash provided by operating activities was $551.3 million for the nine months ended September 30, 2024, down from $696.2 million in the same period of 2023, mainly due to changes in working capital [101]. - Capital expenditures totaled $458.1 million for the nine months ended September 30, 2024, a decrease from $511.7 million in the same period of 2023, focusing on advanced packaging and test equipment [100]. - Free cash flow for the nine months ended September 30, 2024, was $105,832, down from $190,701 in the prior year [145]. - Capital expenditures for the nine months ended September 30, 2024, amounted to $458.1 million, with expectations of approximately $750 million for the full year 2024 [138][139]. Debt and Interest - Total debt as of September 30, 2024, was $1,101.6 million, with $207.6 million due within 12 months [128]. - Interest expense increased by 20.2% to $15,622 thousand for the three months ended September 30, 2024, compared to $13,001 thousand for the same period in 2023 [113]. - Interest income rose by 30.7% to $(15,862) thousand for the three months ended September 30, 2024, compared to $(12,137) thousand for the same period in 2023 [114]. - Fixed rate debt totaled $29,834, with an average interest rate of 1.4% [156]. - Variable rate debt amounted to $2,000, with an average interest rate of 5.8% [156]. - Total debt maturities were $31,834 for the nine months ended September 30, 2024 [156]. Foreign Exchange and Investments - Approximately 90% of net sales for the nine months ended September 30, 2024, were denominated in U.S. dollars, with the remaining primarily in Japanese yen [150]. - A 10% appreciation of foreign currencies against the U.S. dollar would have resulted in an estimated $18 million decrease in income before taxes for the nine months ended September 30, 2024 [149]. - The company experienced a loss of $6.0 million due to foreign exchange rate translation for the nine months ended September 30, 2024 [153]. - The company has implemented foreign currency forward contracts to hedge certain net investment positions in foreign subsidiaries starting April 2024 [153]. Research and Development - Research and development expenses decreased by 11.6% to $120.1 million for the nine months ended September 30, 2024, compared to $135.9 million in 2023, due to a shift in asset utilization and projects moving into production [111]. Other Financial Metrics - Income tax expense decreased by 33.7% to $19,185 thousand for the three months ended September 30, 2024, compared to $28,923 thousand for the same period in 2023 [116]. - Cash and cash equivalents, along with short-term investments, totaled $1,471.5 million as of September 30, 2024, with $1,305.5 million held offshore [122]. - The company paid total quarterly cash dividends of $58.2 million during the nine months ended September 30, 2024 [137]. - The maximum borrowing capacity under the 2022 Singapore Revolver was $600.0 million as of September 30, 2024 [127]. - Off-balance sheet purchase obligations for capital expenditures were $368.3 million as of September 30, 2024, with $323.9 million payable within 12 months [135]. Operational Developments - The company began delivering advanced packages from its Vietnam Facility in Q3 2024 and is planning to build an advanced packaging and test facility in Arizona [90]. - The semiconductor industry is currently experiencing a cyclical correction, with historical trends indicating a strong correlation between GDP levels and semiconductor cycles [93]. Internal Controls - There were no changes in internal control over financial reporting that materially affected the company's controls during the quarter ended September 30, 2024 [159].

Financial Data and Key Metrics - Q3 2024 revenue was $1.86 billion, a 27% sequential increase, driven by advanced SiP technology [6] - Q3 EPS was $0.49 [6] - Gross profit for Q3 was $272 million, with a gross margin of 14.6%, constrained by higher material content [26] - Operating income increased over 80% sequentially to $149 million, with an operating margin of 8% [27] - Net income for Q3 was $123 million, resulting in EPS of $0.49 [27] - Q3 EBITDA was $309 million, with an EBITDA margin of 16.6% [27] - The company ended the quarter with $1.5 billion in cash and short-term investments, and total liquidity of $2.2 billion [27] - Total debt stood at $1.1 billion, with a debt-to-EBITDA ratio of 1x [28] Business Line Data and Key Metrics - Advanced packaging revenue increased 6% year-to-date over 2023, driven by AI and high-performance computing [8] - Mainstream business revenue declined 24% year-to-date due to weakness in automotive, industrial, and consumer markets [8] - Communications end-market revenue increased 36% sequentially, driven by premium tier smartphone launches [11] - Automotive and industrial revenue remained stable, with a year-to-date decline of 17% [13][14] - Computing end-market revenue increased 6% sequentially and 23% year-on-year, driven by AI devices [15] - Consumer end-market revenue increased 70% sequentially, driven by a new wearable IoT device [17] Market Data and Key Metrics - Demand for AI devices remains strong, with 2024 revenue for 2.5D expected to quadruple versus 2023 [16] - Traditional server and networking business declined 33% year-to-date, with early signs of recovery in Q4 [16] - Automotive and industrial markets are experiencing prolonged weakness, with recovery timing uncertain [14] - The company expects a more-than-seasonal decline in Q4, with revenue guidance of $1.65 billion, primarily due to dynamics in the communications end market [24] Company Strategy and Industry Competition - The company is focused on three strategic pillars: technology leadership in advanced packaging, global manufacturing footprint, and strategic partnerships [9] - Production has started in Vietnam, and plans for the Arizona facility are progressing well, supported by CHIPS funding [10][22] - Strategic partnerships with industry leaders like TSMC and Infineon strengthen the company's position in secular growth markets [10] - The company is diversifying its customer and technology portfolio, particularly in AI and high-performance computing [52] Management Commentary on Operating Environment and Future Outlook - The company expects a gradual recovery in automotive and industrial markets, with modest growth in Q4 and further growth in 2025 [42] - The communications market is expected to decline single-digits for full-year 2024, while automotive and industrial markets are expected to decline double-digits [24] - The company remains confident in long-term growth prospects, supported by its technology portfolio, global manufacturing footprint, and strategic partnerships [25] Other Important Information - The company is investing $750 million in CapEx for 2024, with two-thirds focused on expanding capacity for 2.5D and advanced SiP technologies [33] - The Vietnam facility started production in Q3, with expected volume ramps in Q4 [20] - The company is qualifying next-generation organic RDL interposer solutions for 2025 [20] Q&A Session Summary Question: Capacity additions and underutilization charges [36] - The company is fully utilizing its 2.5D capacity and plans further expansion in 2025 [37] - Underutilization is primarily in automotive and industrial lines, with gradual recovery expected in 2025 [38] - The Vietnam facility is expected to dilute gross margins by 50 basis points in Q3 and 100 basis points in Q4, tapering off in 2025 [40] Question: Automotive market dynamics [41] - The automotive market is stabilizing, with modest growth expected in Q4 and gradual recovery in 2025 [42] Question: Premium tier smartphone build plan and 2025 outlook [45] - Visibility into 2025 is limited, but the company expects a stronger cycle driven by AI functionality in premium tier phones [45] - The $100 million revenue range in Q4 guidance is primarily due to deviations in the phone build plan [46] Question: Business trends in the first half of 2025 [50] - The company expects headwinds in the iOS ecosystem but gradual recovery in Android, automotive, and industrial markets [50] - Computing and consumer markets are expected to show continued growth [50] Question: AI market and customer diversification [51] - The company is diversifying its customer and technology portfolio, with new customers onboarding for 2.5D technology [52] Question: Gross margin outlook for 2025 [55] - Gross margins are expected to improve in 2025 due to recovery in automotive, industrial, and traditional server markets [56] Question: Key growth drivers for 2025 [57] - The company expects growth in AI edge devices, automotive power modules, and continued strength in computing [58] Question: Vietnam and Arizona facility ramp-up [59] - Vietnam is ramping up SiP and memory production, with additional 2.5D capacity expected by mid-2025 [60] - The Arizona facility will run TSMC technology for joint customers, with additional Amkor advanced packaging technology [63] Question: Test business and CapEx for 2025 [64] - The company is pursuing investments in test business, particularly for AI devices [65] - CapEx for 2025 is expected to remain in the low-teens, with continued investment in 2.5D and panel-level packaging [66] Question: iOS phone ramp and substrate issues [68] - The company experienced a deviation in seasonality for iOS and Android phone builds, with a device changeover impacting Q4 [69] Question: Vietnam facility ramp impact on gross margins [70] - The Vietnam facility is expected to impact gross margins by 100 basis points in Q4, tapering off in 2025 [70] Question: Incremental investment in 2.5D capacity [73] - The company plans significant capacity expansion in 2.5D for 2025, similar to the expansion in 2024 [75] Question: HBM shortage and ramp timing [76] - The company experienced some HBM supply constraints in Q3, but overall 2.5D capacity expansion was fully utilized [76] Question: Automotive and industrial market recovery [79] - The automotive market is stabilizing, with inventory correction extending into Q3, but recovery is expected in 2025 [79]

Financial Performance - Net sales for Q3 2024 reached $1.86 billion, a 27% increase sequentially from Q2 2024[1] - Gross profit was $272 million, with a gross margin of 14.6%[2] - Operating income for the quarter was $149 million, representing an operating income margin of 8.0%[2] - Net income attributable to Amkor was $123 million, with earnings per diluted share of $0.49[2] - The company expects Q4 2024 net sales to be between $1.60 billion and $1.70 billion, with a gross margin of 13.5% to 15.5%[4] - Net income for the nine months ended September 30, 2024, was $249,734 thousand, slightly up from $243,119 thousand for the same period in 2023, indicating a year-over-year increase of about 2.7%[18] Sales and Market Segmentation - Advanced products accounted for $1.57 billion in net sales, representing 84% of total sales in Q3 2024[8] - The top ten customers contributed 74% of total net sales in Q3 2024[8] - Communications end market represented 52% of total sales, an increase from 48% in Q2 2024[8] Cash and Investments - Total cash and short-term investments stood at $1.5 billion, while total debt was $1.1 billion as of September 30, 2024[2] - Cash and cash equivalents decreased to $959,140 thousand from $1,119,818 thousand, representing a decline of approximately 14.4%[16] - The company reported a net cash used in investing activities of $501,752 thousand, compared to $696,897 thousand in the previous year, a decrease of approximately 28.0%[18] - The effect of exchange rate fluctuations resulted in a net decrease of $2,868 thousand on cash, cash equivalents, and restricted cash[18] Assets and Liabilities - Total assets increased to $7,029,086 thousand as of September 30, 2024, compared to $6,771,125 thousand at December 31, 2023, reflecting a growth of approximately 3.8%[16] - Total current liabilities rose to $1,572,831 thousand, up from $1,384,475 thousand, marking an increase of about 13.6%[16] - Long-term debt decreased to $893,994 thousand from $1,071,832 thousand, a reduction of approximately 16.6%[16] - Total stockholders' equity increased to $4,197,254 thousand from $3,995,035 thousand, showing a growth of approximately 5.0%[16] Capital Expenditures - Full year 2024 capital expenditures are projected to be approximately $750 million[4] - Capital expenditures payable increased significantly to $210,398 thousand from $106,368 thousand, indicating an increase of about 97.7%[16] Operating Activities - Net cash provided by operating activities for the nine months was $551,260 thousand, down from $696,187 thousand in the prior year, reflecting a decrease of about 20.8%[18]

Financial Performance - Amkor's net sales for Q2 2024 were $1,461.5 million, consistent with Q2 2023, driven by growth in the communications market, while automotive and industrial sales declined [108][112]. - Gross margin increased to 14.5% in Q2 2024 from 12.8% in Q2 2023, primarily due to an extension of the estimated useful life of test equipment and favorable foreign currency exchange rates [108][116]. - Operating income margin rose to 5.6% in Q2 2024, up from 5.2% in Q2 2023, attributed to improved gross margin and recovery of bad debt expense [109]. - The automotive and industrial markets saw a decline of 19% and 12%, respectively, in the first half of 2024 compared to 2023, due to elevated customer inventories and weaker demand [114]. - Communications, the largest end market, grew by 7% in the first half of 2024, primarily driven by strength in premium tier smartphones [114]. Expenses and Investments - Selling, general and administrative expenses increased to $91.3 million in Q2 2024 from $64.9 million in Q2 2023, largely due to startup costs at the Vietnam Facility and higher employee compensation [117]. - Research and development expenses decreased by 13.4% in Q2 2024 compared to Q2 2023, reflecting a shift in asset utilization and projects moving into production [118][119]. - Capital expenditures for the first half of 2024 totaled $262.5 million, a decrease from $282.3 million in the same period of 2023, focusing on advanced packaging and test equipment [109]. - Capital expenditures for the six months ended June 30, 2024, amounted to $262.5 million, with expectations for 2024 capital expenditures to be approximately $750 million [139][140]. Cash Flow and Liquidity - Net cash provided by operating activities was $387.1 million for the first half of 2024, down from $422.6 million in the same period of 2023, mainly due to changes in working capital [109]. - Cash and cash equivalents, along with short-term investments, totaled $1,545.5 million as of June 30, 2024, with $1,354.0 million held offshore by foreign subsidiaries [128]. - Free cash flow for the six months ended June 30, 2024 was $134,781 thousand, down from $145,964 thousand in the prior year [146]. - The company anticipates continuing to pay quarterly cash dividends, having paid a total of $38.8 million in dividends during the six months ended June 30, 2024 [138]. Debt and Interest - The company had debt of $1,103.7 million as of June 30, 2024, with $154.4 million due within 12 months [132]. - The maximum borrowing capacity under the 2022 Singapore Revolver was $600.0 million as of June 30, 2024, with $615.0 million available for future borrowings under revolving credit facilities [131]. - Interest expense for the three months ended June 30, 2024, increased to $15,805 thousand, a rise of 10.1% from $14,354 thousand in the same period of 2023 [121]. - Interest income for the three months ended June 30, 2024, rose to $(17,698) thousand, reflecting a significant increase of 47.3% compared to $(12,019) thousand in the prior year [121]. - Total other income (expense), net, showed a dramatic decline to $(43) thousand for the three months ended June 30, 2024, down from $2,471 thousand in the same period of 2023, representing a change of over 100% [121]. Foreign Currency and Risk Management - Approximately 90% of net sales for the six months ended June 30, 2024 were denominated in U.S. dollars, with the remaining sales primarily in Japanese yen [152]. - A 10% appreciation of foreign currencies against the U.S. dollar would have resulted in a $12 million decrease in income before taxes for the six months ended June 30, 2024 [151]. - The company has foreign currency forward contracts to mitigate foreign currency risk, resulting in a loss of $11.4 million for the six months ended June 30, 2024 [154]. - The company started hedging certain net investment positions in foreign subsidiaries beginning in April 2024 [154]. Interest Rate and Debt Structure - The average interest rate for fixed-rate debt is 4.4%, while the average interest rate for variable-rate debt is 6.1% [157]. - Total fixed rate debt amounts to $616,273 thousand with an average interest rate of 5.9% [157]. - Total variable rate debt is $138,579 thousand with an average interest rate of 6.1% [157]. - Total debt maturities amount to $1,108,545 thousand, with $57,349 thousand due in 2024 [157]. - The company’s total debt structure reflects a significant reliance on fixed rate debt [157].

Financial Data and Key Metrics Changes - Amkor reported Q2 2024 revenue of $1.46 billion, a 7% sequential increase, with EPS of $0.27 [7][15] - Gross profit was $212 million, with a gross margin of 14.5%, slightly down from Q1 due to higher material content [15] - Operating income was $82 million, resulting in an operating income margin of 5.6% [15] - The company expects Q3 revenue to be approximately $1.835 billion, representing a 26% sequential increase [13][16] Business Line Data and Key Metrics Changes - Revenue in the communications end market increased by 10% sequentially, driven by premium tier smartphone launches [8] - Revenue from the automotive and industrial end market decreased by 2% sequentially, attributed to weak demand and inventory corrections [9] - Computing end market revenue increased by 20% sequentially, driven by AI devices and new ARM-based PC product introductions [10] - Consumer end market revenue decreased by 6% sequentially, impacted by the wind down of legacy IoT devices [11] Market Data and Key Metrics Changes - Revenue within the iOS ecosystem saw a larger than seasonal increase due to premium smartphone launches [8] - Android supply chain revenue declined slightly sequentially but showed a strong 20% year-on-year growth [8] - The automotive market is expected to see a gradual recovery, with Q2 2024 identified as the trough [46] Company Strategy and Development Direction - Amkor is focusing on expanding its advanced packaging capacity, particularly for 2.5D technology and advanced SiP [7][19] - The company is establishing a US manufacturing presence for advanced packaging, with a nonbinding memorandum of terms for up to $400 million in grants under the CHIPS and Science Act [8][18] - The strategic pillars include technology leadership, geographic expansion, and focus on industry mega trends [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth drivers for the semiconductor industry, despite current market challenges [14] - The automotive and industrial markets are expected to recover gradually, with a slight improvement anticipated in Q3 [46] - High bandwidth memory constraints may limit revenue growth in the computing segment, but overall demand remains strong [10][37] Other Important Information - The company ended Q2 with $1.5 billion in cash and short-term investments, and total liquidity of $2.2 billion [16] - CapEx forecast for the year remains at $750 million, focused on increasing advanced packaging capacity [17] Q&A Session All Questions and Answers Question: Impact of new facility on margins - The movement from operating expenses to gross margin due to the Vietnam production facility is expected to be less than $10 million, not significantly impacting Q3 margin guidance [22] Question: Recovery in PC and server markets - The general PC market is gradually recovering, particularly in ARM-based PCs, while conventional servers remain weak [26][28] Question: Update on organic interposer technology - Engagement with 5 to 10 customers for organic interposer technology is ongoing, with pilot production expected to ramp into mass production in early 2025 [31] Question: Expectations for automotive and industrial recovery - Q2 2024 is seen as the trough for automotive, with gradual improvements expected in Q3 and Q4 [46] Question: Constraints on high-bandwidth memory - The high-bandwidth memory constraints are related to supply issues, not yield, and are expected to normalize in the coming months [37] Question: Q3 revenue guidance breakdown - Automotive is expected to see mild growth, computing will be in low to mid-single digits, while communications is anticipated to be strong [57] Question: US facility CapEx and capacity - The US facility is expected to contribute less than 10% of total capacity, with significant investments planned for 2026 and 2027 [59][60] Question: AI ARM-based compute revenue - AI compute revenue is currently in the single digits as a percentage of total revenue but is expected to quadruple in 2024 compared to 2023 [62]

Financial Performance - Net sales for Q2 2024 were $1.46 billion, a 7% increase sequentially from Q1 2024[1] - Gross profit was $212 million, with a gross margin of 14.5%, compared to 14.8% in Q1 2024 and 12.8% in Q2 2023[2] - Net income attributable to Amkor was $67 million, or $0.27 per diluted share, up from $59 million and $0.24 per share in Q1 2024[2] - EBITDA for Q2 2024 was $247 million, compared to $233 million in Q1 2024[2] - Net income for the six months ended June 30, 2024, was $127,044 thousand, representing an increase of 15.7% compared to $109,668 thousand for the same period in 2023[21] Sales and Market Segmentation - Advanced products accounted for $1.18 billion in net sales, representing 81% of total sales, while mainstream products contributed $281 million[9] - The top ten customers contributed 72% of total net sales, an increase from 70% in Q1 2024[9] - The Communications end market represented 48% of total sales, up from 47% in Q1 2024[9] Financial Guidance and Projections - The company expects Q3 2024 net sales guidance of $1.785 billion to $1.885 billion, with a gross margin forecast of 14.0% to 16.0%[4] - Full year 2024 capital expenditures are projected to be approximately $750 million[4] Cash Flow and Investments - Cash flows from operating activities provided $387,068 thousand for the six months ended June 30, 2024, compared to $422,578 thousand for the same period in 2023, indicating a decrease of 8.4%[21] - The company reported a net cash used in investing activities of $275,059 thousand for the six months ended June 30, 2024, compared to $418,872 thousand for the same period in 2023, a decrease of 34.3%[21] Assets and Liabilities - Cash and short-term investments totaled $1.5 billion, while total debt stood at $1.1 billion as of June 30, 2024[2] - Total current assets decreased from $3,195,810 thousand as of December 31, 2023, to $3,136,841 thousand as of June 30, 2024, a decline of approximately 1.8%[18] - Total liabilities increased slightly from $2,776,090 thousand as of December 31, 2023, to $2,782,216 thousand as of June 30, 2024[18] - Long-term debt decreased from $1,071,832 thousand as of December 31, 2023, to $949,320 thousand as of June 30, 2024, a reduction of approximately 11.4%[18] - Total stockholders' equity increased from $3,962,308 thousand as of December 31, 2023, to $4,049,657 thousand as of June 30, 2024, an increase of approximately 2.2%[18] - Capital expenditures payable rose significantly from $106,368 thousand as of December 31, 2023, to $274,702 thousand as of June 30, 2024, indicating a substantial increase of 158.5%[18] Industry Outlook - The company anticipates continued challenges due to the cyclical nature of the semiconductor industry and potential impacts from global economic conditions[23]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-29472 AMKOR TECHNOLOGY, INC. (Exact name of registrant as specified in its charter) Delaware 23-1722724 (State or other jurisdiction of inc ...

Amkor Technology, Inc. (NASDAQ:AMKR) Q1 2024 Results Conference Call April 29, 2024 5:00 PM ET Company Participants Jennifer Jue - Head of IR Giel Rutten - CEO Megan Faust - CFO Conference Call Participants Toshiya Hari - Goldman Sachs Ben Reitzes - Melius Research Craig Ellis - B. Riley Securities Charles Shi - Needham & Company Randy Abrams - UBS Tom Diffely - D. A. Davidson Joseph Moore - Morgan Stanley Steve Barger - KeyBanc Capital Markets Operator Good day, ladies and gentlemen, and welcome to the Amk ...

Amkor Technology Reports Financial Results for the First Quarter 2024 TEMPE, Ariz. -- April 29, 2024 -- Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights • Net sales $1.37 billion • Gross profit $202 million, operating income $73 million • Net income $59 million, earnings per diluted share $0.24 • EBITDA $233 million "Amkor delivered first quarter ...