Page 24 - september22_082722.indd

TAP TIMES -24-
Financials
Amkor reports fl at Q/Q
revenue growth of $1.5 billion
TEMPE, Arizona —Amkor Technology,
the second largest provider of semi-
conductor packaging and test, has re-
ported Q222 sales of $1.5 billion, net
income of $125 million and an EPS of
$0.51 per diluted share for the quar-
ter ended June 30.
The company said revenue was driven by
the demand for advanced packaging so-
lutions which drove the automotive and
industrial end market to 16% year-over-
year growth.
“Shanghai returned to normal”
The company said it has returned to nor-
mal output levels at its Shanghai, China
plant after a government-mandated CO-
VID-19 shutdown.
Reported revenue was slightly below the
prior quarter’s $1.59 billion, but above
Q221’s revenue of $1.40 billion. The prior
quarter’s EPS was $0.69 compared to
$0.51 for the like quarter of 2021.
Q3 guidance
In its guidance for Q3, Amkor predicts net
sales of from $1.88 billion to $1.98 billion,
a sequential increase of 25-32% and a Y/Y
increase of 12-18%.
Amkor said it expects a net Q3 income of
$200 million to $250 million, or $0.82 to
$1.02 per diluted share. The company es-
timates capital expeditures of about $950
million for the full year 2022. amkor.com
Article Idea?
Contact roniscoff@gmail.com
SEPTEMBER 2022
AMD reports record 2Q revenues
SANTA CLARA, Calif.— Advanced Micro
Devices’s reported record revenues
for the second quarter of 2022 of $6.6
billion.
Gross margin was 46%, operating income
of $526 million, operating margin of 8%,
net income of $447 million and diluted
earnings per share of $0.27. amd.com
June swoon (from 23)
erage of 6.1%. Naturally, these fi gures
swing higher or lower depending on where
the industry is in its supply-demand cycle,
economic strength, and other factors.
3Q/4Q may fall short
In 2Q22, IC market growth was fl at, fall-
ing below the long-term average. Based
on IC Insights’ assessments of company
sales outlooks for the rest of this year, it
appears that 3Q and 4Q IC sales stand a
good chance of falling short of their long-
term average growth rates, as well.
Much of the current IC market weakness is
due to economic concerns caused by rising
infl ation, ongoing supply chain disruptions,
and from suppliers and OEMs working to
reduce IC inventory levels.
Dent in consumer spending
Several semiconductor companies noted
during their 2Q22 fi nancial earnings calls
that infl ation has put a dent in consumer
discretionary spending.
Weakness was particularly evident for
shipments of consumer PCs, low- and mid-
level smartphones, televisions, game con-
soles, and personal electronics devices.
icinsights.com