Amkor Technology Reports Record Financial Results for the Fourth Quarter and Full Year 2022

At December 31, 2022, total cash and short-term investments was $1.24 billion, and total debt was $1.23 billion.

On November 15, 2022, Amkor’s Board of Directors announced a 50% increase in the company’s quarterly cash dividend, from $0.05 per share to $0.075 per share, on the company’s common stock. The increase was effective with the dividend paid on December 27, 2022. The declaration and payment of future dividends, as well as any record and payment dates, are subject to the approval of the Board of Directors.

Business Outlook

The following information presents Amkor’s guidance for the first quarter 2023 (unless otherwise noted):

  • Net sales of $1.40 billion to $1.50 billion, a year-on-year decrease of 9% at midpoint
  • Gross margin of 10.5% to 13.5%
  • Net income of $15 million to $55 million, or $0.06 to $0.22 per diluted share
  • Full year 2023 capital expenditures of approximately $800 million

Conference Call Information

Amkor will conduct a conference call on Monday, February 13, 2023, 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 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 amkor.com.

AMKOR TECHNOLOGY, INC.

Selected Operating Data

 

 

Q4 2022

 

Q3 2022

 

Q4 2021

 

2022

 

2021

Net Sales Data:

 

 

 

 

 

 

 

 

 

Net sales (in millions):

 

 

 

 

 

 

 

 

 

Advanced Products (1)

$1,488

 

$1,640

 

$1,273

 

$5,368

 

$4,409

Mainstream Products (2)

418

 

444

 

452

 

1,724

 

1,729

Total net sales

$1,906

 

$2,084

 

$1,725

 

$7,092

 

$6,138

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Packaging services

88 %

 

87 %

 

86 %

 

87 %

 

86 %

Test services

12 %

 

13 %

 

14 %

 

13 %

 

14 %

 

 

 

 

 

 

 

 

 

 

Net sales from top ten customers

67 %

 

67 %

 

66 %

 

65 %

 

63 %

 

 

 

 

 

 

 

 

 

 

End Market Distribution Data :

 

 

 

 

 

 

 

 

 

Communications (smartphones, tablets)

50 %

 

47 %

 

42 %

 

44 %

 

41 %

Automotive, industrial and other (ADAS, electrification, infotainment, safety)

20 %

 

18 %

 

20 %

 

20 %

 

21 %

Consumer (AR & gaming, connected home, home electronics, wearables)

17 %

 

20 %

 

22 %

 

20 %

 

22 %

Computing (data center, infrastructure, PC/laptop, storage)

13 %

 

15 %

 

16 %

 

16 %

 

16 %

Total

100 %

 

100 %

 

100 %

 

100 %

 

100 %

 

 

 

 

 

 

 

 

 

 

Gross Margin Data:

 

 

 

 

 

 

 

 

 

Net sales

100.0 %

 

100.0 %

 

100.0 %

 

100.0 %

 

100.0 %

Cost of sales:

 

 

 

 

 

 

 

 

 

Materials

55.1 %

 

53.3 %

 

47.4 %

 

51.4 %

 

46.1 %

Labor

9.0 %

 

8.6 %

 

11.4 %

 

10.0 %

 

12.3 %

Other manufacturing

18.4 %

 

17.9 %

 

20.2 %

 

19.8 %

 

21.6 %

Gross margin

17.5 %

 

20.2 %

 

21.0 %

 

18.8 %

 

20.0 %

(1)

Advanced products include flip chip, memory and wafer-level processing and related test services.

(2)

Mainstream products include all other wirebond packaging and related test services


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