Second Quarter Highlights
- Net sales $917 million, 5.6% sequential growth
- Gross margin 14.3%, reflecting 150 basis points of Japan earthquake costs
- Net income $5 million, earnings per diluted share $0.02 and EBITDA $168 million
- Strong Android smartphone demand
- Accelerated recovery from Japan earthquakes
TEMPE, Ariz. — (BUSINESS WIRE) — August 1, 2016 — Amkor Technology, Inc. (NASDAQ: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the second quarter ended June 30, 2016.
"Second quarter results were above the high end of our guidance," said Steve Kelley, Amkor's president and chief executive officer. "Strong Android smartphone demand and a quicker recovery at our earthquake-damaged Kumamoto factory were the key drivers of our financial performance for the quarter. Our growth in sequential sales also drove an 8.1% improvement in EBITDA.”
| Results | Q2 2016 | Q1 2016 | Q2 2015 | ||||||||
| ($ in millions, except per share data) | |||||||||||
| Net sales | $917 | $869 | $737 | ||||||||
| Gross margin | 14.3% | 14.1% | 15.6% | ||||||||
| Net income (loss) | $5 | ($1) | $7 | ||||||||
| Earnings per diluted share | $0.02 | $— | $0.03 | ||||||||
| EBITDA* | $168 | $155 | $160 | ||||||||
