Stock Analysis

Amkor Technology Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Published
NasdaqGS:AMKR

Amkor Technology (NASDAQ:AMKR) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.86b (up 2.2% from 3Q 2023).
  • Net income: US$122.6m (down 7.6% from 3Q 2023).
  • Profit margin: 6.6% (down from 7.3% in 3Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: US$0.50 (down from US$0.54 in 3Q 2023).
NasdaqGS:AMKR Earnings and Revenue Growth October 30th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Amkor Technology Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 1.7%.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 6.6% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Amkor Technology's balance sheet and an in-depth analysis of the company's financial position.

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