Amkor Technology Reports Financial Results for the First Quarter 2018

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
 

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