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Stock impact report

Amkor Technology Reports Financial Results for the First Quarter 2024

Amkor Technology, Inc. (AMKR) 
Last amkor technology, inc. earnings: 4/27 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: amkortech.gcs-web.com/investor-relations
Company Research Source: Business Wire
TEMPE, Ariz.--(BUSINESS WIRE)--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 HighlightsNet sales $1.37 billionGross profit $202 million, operating income $73 millionNet income $59 million, earnings per diluted share $0.24EBITDA $233 million“Amkor delivered first quarter results in line with expectations with revenue of $1.37 billion dollars and EPS of $0.24. After a multi-quarter industry downturn, we see the first quarter as the low point for our revenue and utilization,” said Giel Rutten, Amkor’s president and chief executive officer. “During the quarter we continued 2.5D capacity expansion efforts to increase AI device output, enhanced key partnerships to further strengthen the European semiconductor supply chain, progressed plans for our Advanced packaging and test facility in Arizona and focused on qualification in our Vietn Show less Read more
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