Page 1

Press Releases Amkor Technology Reports Record Financial Results for the Third Quarter 2021 Third Quarter Highlights • Record net sales $ 1.68 billion , up 20 % sequentially and 24 % year - on - year • Record gross profit $ 325 million , record operating income $ 211 million • Gross margin 19.3 % , operating income margin 12.6 % • Record net income $ 181 million , record earnings per diluted share $ 0.74 • Record EBITDA $ 358 million TEMPE , Ariz .-- ( BUSINESS WIRE ) -- Oct . 25 , 2021-- Amkor Technology , Inc. ( NASDAQ : AMKR ) , a leading provider of semiconductor packaging and test services , today announced financial results for the third quarter ended September 30 , 2021 . " We delivered an outstanding third quarter with record revenue of $ 1.68 billion , up $ 274 million from the second quarter , reflecting a 20 % sequential increase . All of our end markets set new record revenue levels this quarter , " said Giel Rutten , Amkor's president and chief executive officer . " The organization rapidly and efficiently scaled for substantial growth , including ramps of multiple new product introductions in Communications and Consumer . " Results Net sales Gross margin Operating income Operating income margin Net income attributable to Amkor Earnings per diluted share EBITDA ( 1 ) Q3 2021 Q2 2021 Q3 2020 ( $ in millions , except per share data ) $ 1,681 $ 1,407 $ 1,354 19.3 % 19.4 % 17.8 % $ 211 $ 155 $ 127 12.6 % 11.0 % 9.4 % $ 181 $ 126 $ 92 $ 0.74 $ 0.51 $ 0.38 $ 358 $ 295 $ 255 ( 1 ) EBITDA is a non - GAAP financial measure . The reconciliation to the most directly comparable GAAP financial measure is included below under " Selected Operating Data . " " High utilization and excellent factory execution drove record profitability in the third quarter , " said Megan Faust , Amkor's executive vice president and chief financial officer . " With gross profit of $ 325 million and operating income of $ 211 million , we posted EPS of $ 0.74 , nearly double the prior year period . " At September 30 , 2021 , total cash and short - term investments was $ 0.8 billion , and total debt was $ 1.0 billion . The company paid a quarterly dividend of $ 0.04 per share , representing a dividend payment of $ 9.8 million in the aggregate , on September 30 , 2021 to stockholders of record as of September 7 , 2021. The declaration and payment of future dividends , as well as any record and payment dates , are subject to the approval of the Board of Directors . Business Outlook " We expect our momentum to continue in the fourth quarter , with 20 % year - on - year revenue growth for both the quarter and the full year , " said Rutten . " We remain confident in our strong market position within the fastest growing semiconductor markets of 5G , Automotive , High Performance Computing and lot . " Fourth quarter 2021 outlook ( unless otherwise noted ) : ⚫ Net sales of $ 1.59 billion to $ 1.69 billion • Gross margin of 18.0 % to 20.5 % • Net income of $ 140 million to $ 190 million , or $ 0.55 to $ 0.75 per diluted share • Full year 2021 capital expenditures of approximately $ 775 million