Strong Third Quarter Performance
Amkor delivered a strong third quarter with revenue of $1.99 billion and EPS of $0.51, both exceeding the high end of their guidance. Revenue increased 31% sequentially driven by robust demand for advanced packaging.
Record Revenue in Communications and Computing
Achieved record revenue in both the communications and computing end markets. Communications revenue increased 67% sequentially and 5% year-on-year. Computing revenue increased 12% sequentially and 23% year-on-year.
Strategic Arizona Investment
Groundbreaking of a new advanced packaging and test campus in Arizona with an increased projected investment to $7 billion, expected to create up to 3,000 high-quality jobs.
Automotive and Industrial Growth
Automotive and Industrial revenue increased 5% sequentially and 9% year-on-year, with expectations of stable sequential growth and a 20% year-on-year increase in Q4.
Operational Efficiency Initiatives
Steps to optimize manufacturing footprint in Japan, expected to improve corporate gross margins by around 100 basis points exiting 2027.