Company: AMKR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001047127-25-000168
Chunk: 165

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 165
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 the semiconductor industry and other factors discussed in the “Risk Factors” section in Part II, Item 1A of this Form 10-Q.  We continue to monitor the recent changes in global trade policy, including tariffs and related trade actions announced by the U.S. and other countries.  The degree to which such tariffs and other related actions impact our business, financial condition and results of operations will depend on future developments, which are uncertain.  We will continue to make prudent investments, and we will closely manage capacity expansion and control costs in response to any changes in market conditions.

Financial Summary

Our net sales increased $49.9 million, or 3.4%, to $1,511.4 million for the three months ended June 30, 2025 compared to $1,461.5 million for the three months ended June 30, 2024, primarily due to growth in our consumer and computing end markets, partially offset by lower sales in our communication end market.

Gross margin for the three months ended June 30, 2025 decreased to 12.0% compared to 14.5% for the three months ended June 30, 2024.  The decrease in gross margin was primarily due to increased overhead and employee compensation costs to prepare for our seasonal second half volume.  Gross margin was also impacted by the ramp up of the Vietnam Facility, which is in the early stages of high-volume manufacturing.  

Operating income margin increased 50 basis points to 6.1% for the three months ended June 30, 2025 from 5.6% for the three months ended June 30, 2024.  The increase in our operating income margin was primarily due to the net cash received in the Nanium Insolvency Receipt, partially offset by the decrease in our gross margin discussed above.

Our capital expenditures totaled $226.1 million for the six months ended June 30, 2025 compared to $262.5 million for the six months ended June 30, 2024.  Our spending was primarily focused on investments in advanced packaging and test equipment. 

Net cash provided by operating activities was $282.6 million for the six months ended June 30, 2025 compared to $387.1 million for the six months ended June 30, 2024.  This decrease was primarily due to changes in working capital and lower operating profits.

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Results of Operations

The following table sets forth certain operating data as a percentage