Amkor Technology, Inc. (NASDAQ:AMKR) Q4 2023 Earnings Conference Call February 5, 2024 5:00 PM ET
Company Participants
Jennifer Jue - Head of IR
Giel Rutten - CEO
Megan Faust - CFO
Conference Call Participants
Craig Ellis - B. Riley Securities
Randy Abrams - UBS
Ben Reitzes - Melius Research
Thomas Diffely - D.A. Davidson
Joseph Moore - Morgan Stanley
Operator
Good day, ladies and gentlemen, and welcome to the Amkor Technology Fourth Quarter and Full Year 2023 Earnings Conference Call. My name is Diego and I will be your conference facilitator today. At this time, all participants are in a listen-only mode. After the speakers' remarks, we will conduct a question-and-answer session. 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 Fourth Quarter and Full Year 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-K.
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. After a strong third quarter, Amkor delivered a solid fourth-quarter performance with revenue of $1.75 billion and EPS of $0.48, both at or above the high-end of guidance. For full-year 2023 revenue of $6.5 billion was down 8% from prior year, better than the double-digit semi-market decline. Weak macroeconomic conditions, excess inventory, and growing geopolitical tensions made 2023 a challenging year for Amkor, but several highlights also made it an exciting year.