Amkor Q3 misses on revenue, but gross profit is up about 28% on flat sales
Chip packager Amkor Technology ($AMKR) missed Q3 estimates after the close today: $1.99B revenue vs ~$2.03B expected.
Look past it. Sales were flat but gross margin rose from 14.3% to 18.3%, so gross profit went from about $284M to $364M, up ~28%. The weak spot is Q4: the $1.95B guide midpoint is ~4.4% under the $2.04B estimate.
https://x.com/donaldjdean/status/2114829981557887042
Sources: @TheMarketPulseX: AMKR Q4 revenue guide $1.90B-$2.00B vs $2.04B est · @tenet_research: Amkor Q3 revenue $1.99B, +0.2% YoY, vs $2.04B estimate
Not financial advice. For informational and educational purposes only.
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