Amkor Technology (AMKR) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached $1.32 billion, with EPS of $0.09, reflecting mixed end-market performance and higher R&D costs for advanced packaging and technology development.

• Management emphasized agility amid evolving tariffs, trade regulations, and supply chain complexities, leveraging a diversified global footprint and strong customer partnerships.

• Strategic focus remains on technology leadership, geographic expansion, and deepening customer collaboration in growth markets.

Financial highlights

• Q1 2025 revenue declined 3% year-over-year to $1.32 billion, with gross margin at 11.9% and operating income of $32 million (2.4% margin).

• Net income was $21 million, EBITDA $197 million (14.9% margin), and cash plus short-term investments totaled $1.56 billion.

• Total debt stood at $1.15 billion, with a debt/EBITDA ratio of 1.1x.

• Free cash flow was negative $50 million, and net cash from operations was $24 million.

Outlook and guidance

• Q2 2025 revenue expected between $1.375 billion and $1.475 billion, up 8% sequentially at midpoint.

• Gross margin guidance for Q2 is 11.5%–13.5%, with net income projected between $17 million and $57 million, and EPS of $0.07–$0.23.

• 2025 CapEx forecast is $850 million, with 5–10% allocated to the new Arizona advanced packaging facility.

• Liquidity is expected to be sufficient for at least the next 12 months.