First Quarter Highlights
- Net sales $1,025 million, up 14% year-on-year
- Net income $10 million, earnings per diluted share $0.04
- EBITDA $175 million, up 17% year-on-year
TEMPE, Ariz. — (BUSINESS WIRE) — April 26, 2018 — Amkor Technology, Inc. (NASDAQ: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the first quarter ended March 31, 2018.
"First quarter results were in line with expectations, with sales up 14% year-on-year," said Steve Kelley, Amkor's president and chief executive officer. "We benefited from our strategic focus on balanced revenue growth across end markets and regions. Increased participation in all major smartphone ecosystems, together with gains in computing and automotive, were the key growth drivers in Q1 2018."
| Results | Q1 2018 | Q4 2017 | Q1 2017 | ||||
| ($ in millions, except per share data) | |||||||
| Net sales | $1,025 | $1,150 | $899 | ||||
| Gross margin | 15.4% | 19.5% | 15.1% | ||||
| Net income (loss) attributable to Amkor1 | $10 | $100 | ($15) | ||||
| Earnings per diluted share 1 | $0.04 | $0.42 | ($0.06) | ||||
| EBITDA 1,2 | $175 | $254 | $149 | ||||
