Fourth quarter 2021 outlook (unless otherwise noted):
- Net sales of $1.59 billion to $1.69 billion
- Gross margin of 18.0% to 20.5%
- Net income of $140 million to $190 million, or $0.55 to $0.75 per diluted share
- Full year 2021 capital expenditures of approximately $775 million
Conference Call Information
Amkor will conduct a conference call on Monday, October 25, 2021, at 5:00 p.m. Eastern Time. This call may include material information not included in this press release. To access the live audio webcast and the accompanying slide presentation, visit the Investor Relations section of Amkor’s website, located at https://ir.amkor.com. The live call can also be accessed by dialing 1-877-407-4019 or 1-201-689-8337.
About Amkor Technology, Inc.
Amkor Technology, Inc. is one of the world’s largest providers of outsourced semiconductor packaging and test services. Founded in 1968, Amkor pioneered the outsourcing of IC packaging and test and is now a strategic manufacturing partner for the world’s leading semiconductor companies, foundries and electronics OEMs. Amkor’s operational base includes production facilities, product development centers, and sales and support offices located in key electronics manufacturing regions in Asia, Europe and the USA. For more information, visit www.amkor.com.
AMKOR TECHNOLOGY, INC. Selected Operating Data |
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|
Q3 2021 |
|
Q2 2021 |
|
Q3 2020 |
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Net Sales Data: |
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|
|
|
|
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Net sales (in millions): |
|
|
|
|
|
||||||
Advanced products (1) (3) |
$ |
1,236 |
|
|
$ |
980 |
|
|
$ |
1,003 |
|
Mainstream products (2) (3) |
445 |
|
|
427 |
|
|
351 |
|
|||
Total net sales |
$ |
1,681 |
|
|
$ |
1,407 |
|
|
$ |
1,354 |
|
|
|
|
|
|
|
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Packaging services |
87 |
% |
|
85 |
% |
|
86 |
% |
|||
Test services |
13 |
% |
|
15 |
% |
|
14 |
% |
|||
|
|
|
|
|
|
||||||
| Net sales from top ten customers |
64 |
% |
|
61 |
% |
|
63 |
% |
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|
|
|
|
|
|
|
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| End Market Data: |
|
|
|
|
|
||||||
| Communications (handheld devices, smartphones, tablets) |
43 |
% |
|
40 |
% |
|
43 |
% |
|||
| Consumer (connected home, set-top boxes, televisions, visual imaging, wearables) |
22 |
% |
|
22 |
% |
|
25 |
% |
|||
| Automotive, industrial and other (driver assist, infotainment, performance, safety) |
20 |
% |
|
22 |
% |
|
17 |
% |
|||
| Computing (data center, infrastructure, PC/laptop, storage) |
15 |
% |
|
16 |
% |
|
15 |
% |
|||
| Total |
100 |
% |
|
100 |
% |
|
100 |
% |
|||
|
|
|
|
|
|
|
||||||
| Gross Margin Data: |
|
|
|
|
|
||||||
| Net sales |
100.0 |
% |
|
100.0 |
% |
|
100.0 |
% |
|||
| Cost of sales: |
|
|
|
|
|
||||||
| Materials |
48.3 |
% |
|
44.7 |
% |
|
46.9 |
% |
|||
| Labor |
11.5 |
% |
|
13.1 |
% |
|
12.8 |
% |
|||
| Other manufacturing |
20.9 |
% |
|
22.8 |
% |
|
22.5 |
% |
|||
| Gross margin |
19.3 |
% |
|
19.4 |
% |
|
17.8 |
% |
|||
| (1) Advanced products include flip chip, memory and wafer-level processing and related test services. |
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| (2) Mainstream products include all other wirebond packaging and related test services. |
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| (3) Beginning in 2021, we are reporting memory net sales in Advanced products. Previously, memory net sales were reported in Mainstream products. Prior year amounts were reclassified to conform to current year presentation. |
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AMKOR TECHNOLOGY, INC.
