Amkor Technology, Inc. (NASDAQ:AMKR) Q2 2024 Earnings Conference Call July 29, 2024 5:00 PM ET

Company Participants

Jennifer Jue - Vice President, Investor Relations
Giel Rutten - President and Chief Executive Officer
Megan Faust - Executive Vice President and Chief Financial Officer

Conference Call Participants

Thomas Diffely - D.A. Davidson
Charles Shi - Needham & Company
Randy Abrams - UBS
Craig Ellis - B. Riley Securities
Ben Reitzes - Melius Research
Toshiya Hari - Goldman Sachs
Krish Sankar - TD Cowen

Operator

Good day, ladies and gentlemen, and welcome to the Amkor Technology Second Quarter 2024 Earnings Conference Call. My name is Diego and I will be your conference facilitator today. Please note, we are having some system issues with our webcast and slide technology. So if you're connected via the webcast, you may not see the slide presentation, but you will hear the audio of this webcast via the webcast link. And a reminder 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 Second Quarter 2024 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 US 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'll 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 expectations with revenue of $1.46 billion and EPS of $0.27. Total revenue increased 7% sequentially, driven by demand for advanced packaging, notably for premium tier smartphones and 2.5D technology for AI solutions.