Financial Data and Key Metrics Changes - Amkor Technology reported Q3 2025 revenue of $1.99 billion, representing a 31% sequential increase and a 7% year-on-year growth, exceeding guidance [6][12] - Earnings per share (EPS) for the quarter was $0.51, with net income more than doubling to $127 million [12][13] - Gross profit was $284 million, with a gross margin of 14.3%, up 230 basis points sequentially [12][13] - EBITDA was $340 million, resulting in an EBITDA margin of 17.1% [13] Business Line Data and Key Metrics Changes - Communications revenue increased 67% sequentially and 5% year-on-year, driven by iOS product ramp and 17% growth in Android [6][12] - Computing revenue rose 12% sequentially and 23% year-on-year, with expectations for continued growth despite a modest sequential decline in Q4 [7][12] - Automotive and industrial revenue grew 5% sequentially and 9% year-on-year, with a stable outlook for Q4 [7][12] - Consumer revenue increased 5% sequentially but decreased 5% year-on-year, with expectations for further decline in Q4 [8][12] Market Data and Key Metrics Changes - The communications segment is expected to see a year-on-year increase of over 20% in Q4, despite a sequential decline [6][12] - The computing segment's long-term outlook remains robust, driven by AI and high-performance computing investments [7][12] - Automotive and industrial markets are expected to grow around 20% year-on-year in Q4, supported by broad-based customer demands [7][12] Company Strategy and Development Direction - Amkor Technology is focused on three strategic pillars: investing in technology leadership, building supply chain resilience, and deepening partnerships with lead customers [9][10] - A new advanced packaging and test campus in Arizona is being developed with a total projected investment of $7 billion, expected to create up to 3,000 jobs [10][11] - The Arizona campus will enhance U.S. semiconductor manufacturing capabilities and support advanced packaging and testing technologies [10][11] Management's Comments on Operating Environment and Future Outlook - Management noted a strong third quarter performance and expressed confidence in future demand for advanced packaging driven by AI expansion [6][9] - The company anticipates a modest sequential decline in Q4 but expects continued year-on-year growth across various segments [7][12] - Management highlighted the importance of optimizing manufacturing efficiency and aligning capacity with market demand [13][14] Other Important Information - The company plans to host an Investor Day in mid-2026 to share long-term financial targets and strategic insights [14][17] - Amkor Technology has taken proactive steps to enhance liquidity, including replacing a $600 million revolver with a $1 billion U.S.-based revolver [15][16] Q&A Session Summary Question: Gross margin guidance for Q4 - Management explained that higher manufacturing costs and material content are impacting gross margin guidance, with a sequential decline expected [19][20] Question: Communications segment dynamics - Management indicated slight tapering in iOS but continued strength in Android, affecting guidance for the communications segment [21][22] Question: Compute opportunities and high-density fan-out technology - Management confirmed strong pipeline growth for high-density fan-out technology and positive trends in customer demand [24][25] Question: Automotive and industrial market outlook - Management expressed optimism about the growth of advanced packaging in the automotive sector, particularly in ADAS applications [37][38] Question: Investment in Arizona facility - Management clarified that the increased investment in Arizona is strictly related to capacity expansion, not construction cost increases [53][54]