Reports Q3 revenue $1.99B, consensus $1.93B. “Amkor delivered third quarter revenue of $1.99 billion, a 31% sequential increase, fueled by demand for Advanced packaging, which set a new revenue record,” said Giel Rutten, Amkor’s president and chief executive officer. “This quarter, we executed steep production ramps, achieved record revenue in our Communications and Computing end markets, and broke ground on our new Advanced packaging and test campus in Arizona, reinforcing our commitment to enable our customers’ technology roadmaps and strengthen U.S. semiconductor manufacturing.”
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMKR:
- Amkor Technology options imply 10.2% move in share price post-earnings
- AMKR Earnings this Week: How Will it Perform?
- Amkor Technology call volume above normal and directionally bullish
- Closing Bell Movers: Constellation Brands up 3% on earnings beat
- Amkor breaks ground on new Arizona campus, expands investment to $7B