Amkor Technology Reports Financial Results for the Second Quarter 2015

Second Quarter Highlights

  • Net sales $737 million
  • Gross margin 15.6%
  • Net income $10 million; $19 million before charge for early extinguishment of debt
  • Earnings per diluted share $0.04; $0.08 before charge for early extinguishment of debt
  • Redemption completed for all $345 million of our 7.375% Senior Notes due 2018

TEMPE, Ariz. — (BUSINESS WIRE) — July 27, 2015 — Amkor Technology, Inc. (NASDAQ: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the second quarter ended June 30, 2015.

“We generated $737M in Q2 revenues, roughly flat to Q1,” said Steve Kelley, Amkor's president and chief executive officer. “Profitability was constrained due to lower revenues and a weaker product mix.”

      GAAP Results
Q2 2015   Q1 2015   Q2 2014
($ in millions, except per share amounts)
Net sales $737 $743 $767
Gross margin 15.6% 18.2% 19.6%
Net income* $10 $29 $50
Earnings per diluted share* $0.04 $0.12 $0.21

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