Amkor Technology Reports Q4 GAAP EPS of $0.67, Missing Expectations by $0.03 in 2023
February 14, 2023
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Amkor Technology ($NASDAQ:AMKR), Inc. is a leading provider of semiconductor packaging and test services. It serves some of the world’s top electronics companies with a wide variety of packaging, test, and supply chain solutions. Amkor Technology, Inc. is the largest semiconductor packaging and test services provider in the world, providing comprehensive technology solutions to customers in the automotive, consumer, communication, computing, and industrial segments. For the fourth quarter of 2023, Amkor Technology reported GAAP earnings per share of $0.67, missing expectations by $0.03. The revenue was driven by strong growth in the Advanced Packaging and Test Services business segments. Looking ahead, Amkor Technology is focused on expanding its presence in the automotive, consumer, computing, and industrial sectors.
It is also committed to delivering innovative supply chain solutions to customers. Over the past year, the company’s performance has been driven by strong demand for semiconductor packaging and test services. The company’s revenue was strong due to growth in the Advanced Packaging and Test Services segments. Going forward, Amkor Technology will continue to focus on expanding its presence in various sectors and delivering innovative supply chain solutions.
Market Price
This news has had a mostly negative impact on the company’s media exposure, with the stock price quickly declining in response. On Monday after the announcement, AMKOR TECHNOLOGY opened at $27.7 and closed at $27.3, a decrease of 1.2% from its previous closing price of 27.6. The news of this gap between actual and expected earnings is being met with disappointment from the company’s investors and partners. Many had been hoping for higher levels of profitability this quarter in order to continue the company’s positive trend of growth.
However, the results failed to meet those expectations. At the same time, some analysts are still optimistic about Amkor Technology’s long-term outlook. They point to the company’s strong financial position and its commitment to staying ahead of the curve when it comes to technology.
Additionally, the company’s board of directors have recently made strategic changes to the company’s operations in order to maximize its potential for success. The news of Amkor Technology’s Q4 results have caused some concern for investors, but it is still too early to tell what effect this will have on the company’s overall future. The company will need to focus on improving their operations and meeting expectations in order to regain investor confidence and continue its long-term growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Amkor Technology. More…
| Total Revenues | Net Income | Net Margin |
| 6.91k | 818.05 | 11.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Amkor Technology. More…
| Operations | Investing | Financing |
| 1.04k | -1.03k | 113.29 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Amkor Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.69k | 3.18k | 14.25 |
Key Ratios Snapshot
Some of the financial key ratios for Amkor Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.4% | 69.4% | 13.7% |
| FCF Margin | ROE | ROA |
| 2.5% | 17.7% | 8.8% |
Analysis
GoodWhale has conducted an analysis of AMKOR TECHNOLOGY‘s wellbeing and based on the Risk Rating, they are considered a low risk investment in terms of financial and business aspects. Financial risk is the potential for losses due to changes in market prices, interest rates or currency exchange rates. Business risk refers to the possibility that the company will not be able to meet its objectives and goals. GoodWhale’s analysis has detected one risk warning in AMKOR TECHNOLOGY’s balance sheet. This could mean that the company is exposed to potential losses in the future if the risk warning is not addressed. It is important to note that while AMKOR TECHNOLOGY may be considered a low risk investment, investors should always carry out their own due diligence when considering any investment. This includes researching the company, as well as evaluating its financial status, before investing. GoodWhale provides investors with up-to-date information on financial and business aspects of companies to help them make informed decisions. Register on goodwhale.com to access the details of the risk warning and other valuable insights into AMKOR TECHNOLOGY’s wellbeing. More…
Peers
The competition in the semiconductor industry is fierce. Amkor Technology Inc is up against Unisem (M) Bhd, ASE Technology Holding Co Ltd, Vate Technology Corp Ltd, and many other companies. All of these companies are vying for a piece of the pie in an industry that is growing rapidly. The company has a strong market share and is well-positioned to continue its growth.
– Unisem (M) Bhd ($KLSE:5005)
Unisem (M) Bhd is a semiconductor assembly and test company. It has a market cap of 4.21B as of 2022. The company’s ROE is 6.97%. Unisem is involved in the assembly and testing of integrated circuits, semiconductor components, and other electronic devices. The company has operations in Malaysia, the Philippines, China, and the United States.
– ASE Technology Holding Co Ltd ($TWSE:3711)
The company’s market cap is 400.9B as of 2022 and its ROE is 23.11%. The company is engaged in the business of developing, manufacturing and selling semiconductor products.
– Vate Technology Corp Ltd ($TPEX:5344)
Vate Technology Corp Ltd is a publicly traded company with a market capitalization of 1.41 billion as of 2022. The company has a return on equity of 1.79%. Vate Technology Corp Ltd is a leading provider of technology solutions and services. The company offers a wide range of products and services including software development, web development, e-commerce solutions, and IT consulting.
Summary
At this time, the majority of media coverage surrounding Amkor Technology, Inc. is negative. Despite the disappointing earnings report, it’s still worth considering investing in Amkor Technology due to its strong market position and its robust product portfolio that can drive growth and profitability in the long-term. For investors looking to gain exposure to the semiconductor industry, Amkor Technology may be a good option, as the company is well-positioned to benefit from global trends such as the increasing demand for network infrastructure and semiconductor-based solutions.
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