Third Quarter Highlights
- Net sales $1.09 billion, 18.4% sequential growth
- Gross margin 19.7%
- Net income $60 million, earnings per diluted share $0.25 and EBITDA $248 million
- Notable strength in mobile communications across multiple tiers
- Solid sales growth in Automotive, Greater China and advanced SiP
TEMPE, Ariz. — (BUSINESS WIRE) — October 31, 2016 — Amkor Technology, Inc. (NASDAQ: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the third quarter ended September 30, 2016.
"Third quarter results were at the high end of our guidance," said Steve Kelley, Amkor's president and chief executive officer. "We saw notable strength in smartphones across multiple tiers. Sales in Automotive, Greater China and advanced SiP were all up sequentially reflecting the continued success of our strategic initiatives in these key areas. Our 18% sequential growth in sales generated substantial cash and profits for the quarter.”
| Results | Q3 2016 | Q2 2016 | Q3 2015 | |||||||
| ($ in millions, except per share data) | ||||||||||
| Net sales | $1,086 | $917 | $734 | |||||||
| Gross margin | 19.7% | 14.3% | 17.2% | |||||||
| Net income (loss) | $60 | $5 | $28 | |||||||
| Earnings per diluted share | $0.25 | $0.02 | $0.12 | |||||||
| EBITDA* | $248 | $168 | $187 | |||||||
