Company: AMKR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001047127-25-000168
Chunk: 127

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 127
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 Months Ended June 30,2025202420252024Net sales100.0 %100.0 %100.0 %100.0 %Cost of sales:Materials52.9 %54.0 %52.7 %53.0 %Labor11.7 %10.4 %11.9 %10.8 %Depreciation9.6 %9.1 %10.0 %9.3 %Other manufacturing costs13.8 %12.0 %13.4 %12.3 %Gross margin12.0 %14.5 %12.0 %14.6 %Selling, general and administrative3.2 %6.2 %4.5 %6.4 %Research and development2.8 %2.7 %3.1 %2.7 %Operating income6.1 %5.6 %4.4 %5.5 %Net income attributable to Amkor3.6 %4.6 %2.7 %4.4 %

Net Sales

For the Three Months Ended June 30,For the Six Months Ended June 30,20252024Change20252024Change(In thousands, except percentages)Net sales$1,511,392 $1,461,474 $49,918 3.4 %$2,832,967 $2,826,985 $5,982 0.2 %

The increase in net sales for the three and six months ended June 30, 2025 compared to the three and six months ended June 30, 2024 was primarily due to growth in our consumer and computing end markets, partially offset by lower sales in our communication end market.  The consumer end market grew 52% and 37% and the computing end market grew 16% and 18% for the three and six months ended June 30, 2025 compared to 2024, respectively, primarily driven by strong demand for IoT wearables, AI devices and ARM-based PCs.  The communications end market decreased 15% and 17% for the three and six months ended June 30, 2025 compared to 2024, respectively, primarily due to lower supported content in premium tier smartphones.  

Gross Profit and Gross Margin

For the Three Months Ended