Amkor Technology reports Q1 EPS 24c, consensus 11c

Reports Q1 revenue $1.37B, consensus $1.36B. “Amkor delivered first quarter results in line with expectations with revenue of $1.37 billion dollars and EPS of $0.24. After a multi-quarter industry downturn, we see the first quarter as the low point for our revenue and utilization,” said Giel Rutten, CEO. “During the quarter we continued 2.5D capacity expansion efforts to increase AI device output, enhanced key partnerships to further strengthen the European semiconductor supply chain, progressed plans for our Advanced packaging and test facility in Arizona and focused on qualification in our Vietnam factory for production ramp in the second half of the year.”