Second Quarter Highlights
- Record second quarter net sales $1,066 million, up 4% sequentially
- Net Income $33 million, earnings per diluted share $0.14
- EBITDA $208 million, up 19% sequentially
- Advanced SiP $226 million, up 14% sequentially
TEMPE, Ariz. — (BUSINESS WIRE) — July 30, 2018 — Amkor Technology, Inc. (NASDAQ: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the second quarter ended June 30, 2018.
"Second quarter results exceeded expectations, with sequential growth in net sales, operating margin and earnings per share," said Steve Kelley, Amkor's CEO. "Demand was higher across all of our end markets. Communications was especially strong."
| Results | Q2 2018 | Q1 2018 | Q2 2017 | |||
| ($ in millions, except per share data) | ||||||
| Net sales | $1,066 | $1,025 | $1,008 | |||
| Gross margin | 15.9% | 15.4% | 17.5% | |||
| Net income attributable to Amkor1 | $33 | $10 | $119 | |||
| Earnings per diluted share1 | $0.14 | $0.04 | $0.50 | |||
| EBITDA 1,2 | $208 | $175 | $321 | |||
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1) Q2 2017 net income included the sale of our K1 factory in Korea. The sale price was $142 million, and we recognized an after-tax gain of $82 million ($0.34 per diluted share). |
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2) EBITDA is a non-GAAP measure. The reconciliation to the comparable GAAP measure is included below under "Selected Operating Data." |
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