What To Expect From Amkor’s (AMKR) Q4 Earnings

Radek Strnad /
2023/02/10 4:10 am EST

Semiconductor packaging and testing company Amkor Technology (NASDAQ:AMKR) will be reporting results next Monday after the bell. Here's what to look for.

Last quarter Amkor reported revenues of $2.08 billion, up 24% year on year, beating analyst revenue expectations by 10.6%. It was a very strong quarter for the company, with a significant improvement in inventory levels and operating margin.

Is Amkor buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Amkor's revenue to grow 7.27% year on year to $1.85 billion, slowing down from the 25.8% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.70 per share.

Amkor Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Amkor's peers in the semiconductor manufacturing segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Kulicke and Soffa's revenues decreased 61.8% year on year, missing analyst estimates by 0.15% and FormFactor reported revenue decline of 19% year on year, exceeding estimates by 6.89%. Kulicke and Soffa traded up 1.19% on the results, and FormFactor was up 1.97%. Read our full analysis of Kulicke and Soffa's results here and FormFactor's results here.

There has been positive sentiment among investors in the semiconductor manufacturing segment, with the stocks up on average 10.6% over the last month. Amkor is down 1.76% during the same time, and is heading into the earnings with analyst price target of $26, compared to share price of $29.53.

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The author has no position in any of the stocks mentioned.