Amkor Technology (AMKR) Tops Q4 EPS by 19c, Offers Q1 Guidance

Amkor Technology (NASDAQ: AMKR) reported Q4 EPS of $0.41, $0.19 better than the analyst estimate of $0.22. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.1 billion.

GUIDANCE:

Amkor Technology sees Q1 2020 EPS of $0.09-$0.24, versus the consensus of $0.08. Amkor Technology sees Q1 2020 revenue of $1.08-1.16 billion, versus the consensus of $1.01 billion.

“We expect first quarter 2020 revenue to be up approximately 25% year-on-year and down about 5% sequentially.” said Kelley. “Looking forward, we are well-positioned for growth in 2020. Amkor’s value proposition - centered on technology, quality, high yields and service - is resonating with customers in our target markets.”

First quarter 2020 outlook (unless otherwise noted):

• Net sales of $1.08 billion to $1.16 billion
• Gross margin of 14.5% to 17.5%
• Net income of $22 million to $59 million, or $0.09 to $0.24 per diluted share
• Full year 2020 capital expenditures of around $550 million

For earnings history and earnings-related data on Amkor Technology (AMKR) click here.

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