Company: AMKR
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001047127-25-000190
Chunk: 218

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 218
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11,446 (721)(6.3)%Loss on debt retirement455 — 455 100 %455 — 455 100 %Other, net15 (248)263 >(100)%(459)(363)(96)26.4 %Total other expense, net$4,530 $7,492 $(2,962)(39.5)%$19,017 $8,593 $10,424 >100%

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Interest expense increased for the three and nine months ended September 30, 2025 compared to the three and nine months ended September 30, 2024, primarily due to an increase in our average outstanding debt related to the issuances of the 2033 Notes and the Term A Loans, which were used in part to redeem all amounts outstanding under our 2027 Notes and AATS Loans.

Interest income decreased for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024, primarily due to lower interest rates partially offset by increases in our cash and cash equivalent and available-for-sale debt investment balances.

The changes in foreign currency (gain) loss, net for the three months ended September 30, 2025 compared to the three months ended September 30, 2024 were primarily due to the weakening of the U.S. dollar compared to the foreign currencies of our subsidiaries and the associated impact on our unhedged net monetary exposures in 2024.

Income Tax Expense

For the Three Months Ended September 30,For the Nine Months Ended September 30,20252024Change20252024Change(In thousands)Income tax expense$27,715 $19,185 $8,530 $59,813 $45,693 $14,120 

Income tax expense, which includes foreign withholding taxes and minimum taxes, reflects the applicable tax rates in effect in the various countries where our income is earned and is subject to volatility depending on the relative mix of earnings in each location.  Income tax expense increased for the three months ended September 30, 2025 compared to the three months ended September 30, 2024, primarily due to an increase in income before income taxes.  Income tax expense increased for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024, primarily due to discrete tax expense associated with the Nanium Insolvency Receipt.  For additional