Second Quarter Highlights
- Net sales $737 million
- Gross margin 15.6%
- Net income $10 million; $19 million before charge for early extinguishment of debt
- Earnings per diluted share $0.04; $0.08 before charge for early extinguishment of debt
- Redemption completed for all $345 million of our 7.375% Senior Notes due 2018
TEMPE, Ariz. — (BUSINESS WIRE) — July 27, 2015 — Amkor Technology, Inc. (NASDAQ: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the second quarter ended June 30, 2015.
“We generated $737M in Q2 revenues, roughly flat to Q1,” said Steve Kelley, Amkor's president and chief executive officer. “Profitability was constrained due to lower revenues and a weaker product mix.”
| GAAP Results | ||||||||
| Q2 2015 | Q1 2015 | Q2 2014 | ||||||
| ($ in millions, except per share amounts) | ||||||||
| Net sales | $737 | $743 | $767 | |||||
| Gross margin | 15.6% | 18.2% | 19.6% | |||||
| Net income* | $10 | $29 | $50 | |||||
| Earnings per diluted share* | $0.04 | $0.12 | $0.21 | |||||
