Amkor Technology Reports Financial Results for the Second Quarter 2016

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

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