Company: AMKR
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001047127-25-000190
Chunk: 168

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 168
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 focused on investments in advanced packaging and test equipment. 

Net cash provided by operating activities was $451.1 million for the nine months ended September 30, 2025 compared to $551.3 million for the nine months ended September 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 of net sales for the periods indicated:

For the Three Months Ended September 30,For the Nine Months Ended September 30,2025202420252024Net sales100.0 %100.0 %100.0 %100.0 %Cost of sales:Materials57.5 %58.4 %54.6 %55.2 %Labor9.2 %8.7 %10.8 %10.0 %Depreciation7.5 %7.4 %9.0 %8.5 %Other manufacturing costs11.5 %10.9 %12.7 %11.7 %Gross margin14.3 %14.6 %12.9 %14.6 %Selling, general and administrative4.2 %4.3 %4.4 %5.6 %Research and development2.1 %2.3 %2.7 %2.6 %Operating income8.0 %8.0 %5.9 %6.5 %Net income attributable to Amkor6.4 %6.6 %4.2 %5.3 %

Net Sales

For the Three Months Ended September 30,For the Nine Months Ended September 30,20252024Change20252024Change(In thousands, except percentages)Net sales$1,986,968 $1,861,589 $125,379 6.7 %$4,819,935 $4,688,574 $131,361 2.8 %

The increase in net sales for the three months ended September 30, 2025 compared to the three months ended September 30, 2024 was primarily due to growth in our computing and communications end markets.  The computing and communications end markets grew 23% and 5%, respectively, for the three months ended September 30, 2025