Business Outlook
“We expect the first quarter to be another strong quarter, with revenue projected to be 15% above the first quarter of 2020, driven by continued recovery in automotive and better than seasonal demand for smartphones,” said Rutten. “We see 2021 as another good growth year for Amkor as 5G deployment, high performance computing, IoT wearables and recovery in automotive are all expected to drive strong demand for our services.”
First quarter 2021 outlook (unless otherwise noted):
- Net sales of $1.27 billion to $1.37 billion
- Gross margin of 17% to 20%
- Net income of $70 million to $118 million, or $0.29 to $0.48 per diluted share
- Full year 2021 capital expenditures to be around $700 million
Conference Call Information
Amkor will conduct a conference call on Monday, February 8, 2021, at 5:00 p.m. Eastern Time. This call may include material information not included in this press release. This call is being webcast and can be accessed at Amkor’s website: www.amkor.com. You may also access the call by dialing 1-877-407-4019 or 1-201-689-8337. A replay of the call will be made available at Amkor’s website or by dialing 1-877-660-6853 or 1-201-612-7415 (conference ID 13715048). The webcast is also being distributed over NASDAQ OMX’s investor distribution network to both institutional and individual investors. Institutional investors can access the call via NASDAQ OMX’s password-protected event management site, Street Events ( www.streetevents.com).
About Amkor
Amkor Technology, Inc. is one of the world’s largest providers of outsourced semiconductor packaging and test services. Founded in 1968, Amkor pioneered the outsourcing of IC packaging and test, and is now a strategic manufacturing partner for the world’s leading semiconductor companies, foundries and electronics OEMs. Amkor’s operational base includes production facilities, product development centers and sales and support offices located in key electronics manufacturing regions in Asia, Europe and the USA. For more information visit www.amkor.com.
AMKOR TECHNOLOGY, INC. Selected Operating Data |
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Q4 2020 |
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Q3 2020 |
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Q4 2019 |
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2020 |
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2019 |
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Net Sales Data: |
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Net sales (in millions): |
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Advanced products (1) |
$ |
868 |
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$ |
899 |
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$ |
667 |
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$ |
3,202 |
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$ |
2,111 |
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Mainstream products (2) |
503 |
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|
455 |
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|
511 |
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1,849 |
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1,942 |
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| Total net sales |
$ |
1,371 |
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$ |
1,354 |
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$ |
1,178 |
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$ |
5,051 |
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$ |
4,053 |
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| Packaging services |
85 |
% |
|
86 |
% |
|
84 |
% |
|
85 |
% |
|
83 |
% |
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| Test services |
15 |
% |
|
14 |
% |
|
16 |
% |
|
15 |
% |
|
17 |
% |
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| Net sales from top ten customers |
61 |
% |
|
63 |
% |
|
65 |
% |
|
65 |
% |
|
63 |
% |
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| End Market Distribution Data : |
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| Communications (handheld devices, smartphones, tablets) |
46 |
% |
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43 |
% |
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37 |
% |
|
41 |
% |
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38 |
% |
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| Consumer (connected home, set-top boxes, televisions, visual imaging, wearables) |
19 |
% |
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25 |
% |
|
24 |
% |
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24 |
% |
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18 |
% |
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| Automotive, industrial and other (driver assist, infotainment, performance, safety) |
19 |
% |
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17 |
% |
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25 |
% |
|
20 |
% |
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27 |
% |
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| Computing (datacenter, infrastructure, PC/laptops, storage) |
16 |
% |
|
15 |
% |
|
14 |
% |
|
15 |
% |
|
17 |
% |
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| Total |
100 |
% |
|
100 |
% |
|
100 |
% |
|
100 |
% |
|
100 |
% |
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| Gross Margin Data: |
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| Net sales |
100.0 |
% |
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100.0 |
% |
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100.0 |
% |
|
100.0 |
% |
|
100.0 |
% |
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| Cost of sales: |
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| Materials |
44.6 |
% |
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46.9 |
% |
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42.6 |
% |
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45.5 |
% |
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40.0 |
% |
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| Labor |
12.9 |
% |
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12.8 |
% |
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13.9 |
% |
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13.4 |
% |
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16.0 |
% |
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| Other manufacturing |
22.2 |
% |
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22.5 |
% |
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24.6 |
% |
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23.3 |
% |
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28.0 |
% |
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| Gross margin |
20.3 |
% |
|
17.8 |
% |
|
18.9 |
% |
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17.8 |
% |
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16.0 |
% |
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| (1) Advanced products include flip chip and wafer-level processing and related test services |
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| (2) Mainstream products include wirebond packaging and related test services |
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AMKOR TECHNOLOGY, INC.
