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AMKR Nasdaq· Amkor Technology Inc.
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AMKR Nasdaq· Amkor Technology Inc.
Earnings report Q4 2023

AMKR Reports Decrease in Revenue for Latest Quarter

Segments of Revenue

AMKR's net sales for the latest quarter were $6.50 billion, representing a decrease compared to the previous quarter's net sales of $7.09 billion. This decline in revenue can be attributed to lower net sales and operating profits.

Strengths

Despite the decrease in revenue, AMKR demonstrated strength in managing its working capital, which contributed to an increase in net income attributable to the company. Additionally, the company's Board of Directors approved a 5% increase in quarterly dividends, indicating confidence in its financial position.

Challenges

The decrease in net sales poses a challenge for AMKR, as it indicates a potential decline in demand for its products or increased competition in the market. The company should closely monitor market trends and adjust its strategies accordingly to address this challenge.

Noteworthy

AMKR's gross margin for the latest quarter was 14.5%, which is lower than the previous quarter's gross margin of 18.8%. This decline in gross margin suggests that the company faced higher costs of sales or pricing pressures during the quarter.

Summary

AMKR reported a decrease in revenue for the latest quarter, primarily driven by lower net sales and operating profits. However, the company showcased strength in managing its working capital and increased its quarterly dividends. The decline in gross margin and challenges in net sales highlight the need for AMKR to closely monitor market trends and adjust its strategies to address potential challenges in the future.

Source documents

Form 10-K  filed on Feb 16, 2024
117 pages scanned

Reference data

Company financials Q4 revenue 1.75B
Analyst estimates Q4 EPS missed by -6.34%
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