Company: AMKR
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001047127-25-000190
Chunk: 126

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 126
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 and debt service requirements, with cash flows from operations, existing cash and cash equivalents, short-term investments, borrowings under available credit facilities and proceeds from any additional financing.  Maintaining an appropriate level of liquidity is important to our business and depends on, among other considerations, the performance of our business, our capital expenditure levels, our ability to repay debt out of our operating cash flows or proceeds from debt or equity financings and our investment strategy.  As of September 30, 2025, we had cash and cash equivalents and short-term investments of $1,495.7 million and $614.7 million, respectively. 

Our net sales, gross profit, operating income, cash flows, liquidity and capital resources have historically fluctuated significantly from quarter to quarter due to many factors, including the seasonality of our business, the cyclical nature of 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 $125.4 million, or 6.7%, to $1,987.0 million for the three months ended September 30, 2025 compared to $1,861.6 million for the three months ended September 30, 2024, primarily due to growth in our computing and communications end markets.

Gross margin for the three months ended September 30, 2025 decreased to 14.3% compared to 14.6% for the three months ended September 30, 2024.  The decrease in gross margin was primarily due to increased overhead and employee compensation costs, partially offset by a decrease in the proportion of products sold with higher material content and higher factory utilization driven by the increase in net sales.

Operating income margin remained consistent at 8.0% for the three months ended September 30, 2025 and the three months ended September 30, 2024. 

Our capital expenditures totaled $472.5 million for the nine months ended September 30, 2025 compared to $458.