Amkor Technology Inc.
Amkor Technology Reports Q2 2024 Financial Results
Summary
Amkor Technology, Inc. announced its financial performance for the second quarter of 2024. The company reported net sales of $1.46 billion, up 7% sequentially, with gross profit of $212 million and operating income of $82 million. Net income was $67 million, or $0.27 per diluted share. EBITDA was $247 million. The company provided guidance for the third quarter, expecting net sales between $1.785 billion and $1.885 billion, with full-year 2024 capital expenditures of approximately $750 million.
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About Amkor Technology Inc.
Amkor Technology Inc. is a prominent player in the semiconductor industry, serving as one of the world’s leading providers of outsourced semiconductor packaging and test services. The core function of Amkor Technology is to offer advanced packaging solutions and comprehensive testing services that enhance the performance and reliability of semiconductor devices used in a wide range of applications. Key sectors benefiting from Amkor's expertise include consumer electronics, automotive, communications, and computing. As the semiconductor industry continually innovates, Amkor plays a crucial role in delivering sophisticated package designs and thermal/electrical testing capabilities, enabling the production of smaller, yet more powerful devices. The company's significant impact on technology development positions it as an essential contributor to the supply chains of major technology manufacturers. With facilities strategically located worldwide, Amkor Technology upholds high standards of quality and efficiency, supporting the growing demand for semiconductor solutions in the evolving global market.
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