Amkor Technology, Inc. (NASDAQ:AMKR) Q2 2023 Earnings Conference Call July 31, 2023 5:00 PM ET
Company Participants
Jennifer Jue - Head of Investor Relations
Giel Rutten - Chief Executive Officer
Megan Faust - Chief Financial Officer
Conference Call Participants
Randy Abrams - Credit Suisse
Tom Diffely - D.A. Davidson
Operator
Good day, ladies and gentlemen and welcome to the Amkor Technology Second Quarter 2023 Earnings Conference Call. My name is Diego and I will be your conference facilitator today. [Operator Instructions] As a reminder, this conference is being recorded.
I would now like to turn the call over to Jennifer Jue, Head of Investor Relations. Ms. Jue, please go ahead.
Jennifer Jue
Thank you, operator. Good afternoon, everyone and thank you for joining us for Amkor's second quarter 2023 earnings conference call. Joining me today are Giel Rutten, our Chief Executive Officer; and Megan Faust, our Chief Financial Officer. Our earnings press release was filed with the SEC this afternoon and is available on the Investor Relations page of our website, along with the presentation slides that accompany today's call.
During this presentation, we will use non-GAAP financial measures and you can find the reconciliation to the U.S. GAAP equivalent on our website. We will make forward-looking statements about our expectations for Amkor's future performance based on the environment as we currently see it. Of course, actual results could differ. Please refer to our press release and SEC filings for information on risk factors, uncertainties and exceptions that could cause actual results to differ materially from these expectations. Please note that the financial results discussed today are preliminary and final data will be included in our Form 10-Q.
And now I would like to turn the call over to Giel.
Giel Rutten
Thank you, Jennifer. Good afternoon, everyone and thank you for joining the call today. Amkor delivered second quarter performance in line with our expectations with revenue of $1.46 billion and EPS of $0.26. Demand for advanced packaging increased in the second quarter, notably demand for consumer wearable products and for high-performance computing devices.
For the first half of 2023, revenue of $2.9 billion was down 6% versus the first half of 2022, better than the semiconductor industry estimated decline of over 20% in that same period. Overall business continues to be dampened by challenging macroeconomic conditions, high inventories and weak end market demand. With our technology leadership and broad geographic footprint, Amkor is outperforming the industry and is well positioned to capitalize on industry mega trends that we expect to propel growth beyond the current cycle.