EarningsAmkor reported strong 1Q24 results with GAAP EPS of $0.24, exceeding pre-print Street consensus of $0.10 on higher gross margin and opex management.
Growth DriversGrowth driven by premium smartphone, consumer IoT, and 2.5D AI chip packaging revenue ramps.
Strategic PositioningMarket-shaping customers, such as Apple, are moving orders towards Amkor Technology, Inc. as they de-risk their Asian supply chains.