Amkor Technology (NASDAQ:AMKR) Posts Quarterly Earnings Results, Beats Estimates By $0.23 EPS

Amkor Technology (NASDAQ:AMKR) issued its earnings results on Monday. The semiconductor company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.47 by $0.23, FiscalAI reports. Amkor Technology had a net margin of 7.45% and a return on equity of 12.42%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm earned $0.22 earnings per share. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. Amkor Technology updated its Q3 2026 guidance to 0.720-0.820 EPS.

Here are the key takeaways from Amkor Technology’s conference call:

• Record Q2 performance: Revenue reached $1.9 billion, up 26% year over year, with growth across all end markets; EPS rose to $0.70 as utilization and product mix improved profitability.
• Computing demand is accelerating: Q2 computing revenue increased 20% sequentially to a record, and management expects nearly 30% sequential growth in Q3, driven by AI data-center demand and the ramp of a high-density fan-out CPU program.
• Amkor signed long-term advanced-packaging partnerships with TSMC and NVIDIA, including a planned NVIDIA prepayment in 2027, strengthening customer visibility and supporting multi-year capacity expansion opportunities.
• Communications revenue is expected to decline by high single digits sequentially in Q3 due to memory constraints, changing build patterns, and the migration of SiP production to Vietnam; softness in one application area could persist into the first half of 2027.
• Amkor maintained substantial 2026 capital spending of $2.5 billion to $3 billion, while future Arizona capacity is expected to create gross- and operating-margin pressure as the facility ramps and remains underutilized.

Amkor Technology Price Performance

Shares of AMKR opened at $45.69 on Wednesday. Amkor Technology has a fifty-two week low of $21.57 and a fifty-two week high of $96.68. The firm’s 50-day simple moving average is $72.86 and its two-hundred day simple moving average is $60.77. The stock has a market cap of $11.33 billion, a PE ratio of 20.49 and a beta of 2.20. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01.

Amkor Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd were issued a $0.0835 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, June 3rd. Amkor Technology’s dividend payout ratio is 14.80%.

Insider Activity

In related news, Director Gil C. Tily sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $77.30, for a total transaction of $1,159,500.00. Following the completion of the transaction, the director owned 108,806 shares of the company’s stock, valued at $8,410,703.80. This trade represents a 12.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark N. Rogers sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $71.63, for a total value of $358,150.00. Following the transaction, the executive vice president directly owned 38,904 shares of the company’s stock, valued at approximately $2,786,693.52. This trade represents a 11.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 114,000 shares of company stock valued at $8,631,450. 26.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amkor Technology

Several institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in Amkor Technology by 100.6% in the 1st quarter. Royal Bank of Canada now owns 19,345 shares of the semiconductor company’s stock worth $349,000 after purchasing an additional 3,454,012 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Amkor Technology by 305.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,574,607 shares of the semiconductor company’s stock valued at $44,719,000 after purchasing an additional 1,186,313 shares in the last quarter. AQR Capital Management LLC raised its holdings in Amkor Technology by 38.3% in the second quarter. AQR Capital Management LLC now owns 3,558,040 shares of the semiconductor company’s stock worth $74,541,000 after buying an additional 985,727 shares during the last quarter. First Trust Advisors LP raised its holdings in Amkor Technology by 37.4% in the fourth quarter. First Trust Advisors LP now owns 2,722,310 shares of the semiconductor company’s stock worth $107,477,000 after buying an additional 740,701 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Amkor Technology by 133.7% in the third quarter. Invesco Ltd. now owns 1,229,931 shares of the semiconductor company’s stock worth $34,930,000 after buying an additional 703,617 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors.

Trending Headlines about Amkor Technology

Here are the key news stories impacting Amkor Technology this week:

• Positive Sentiment: Q2 results exceeded expectations. Amkor reported adjusted earnings of $0.70 per share versus the $0.47 consensus estimate, while revenue rose 25.6% year over year to $1.90 billion, ahead of the $1.81 billion forecast. Amkor Technology Q2 Earnings Beat Estimates, Revenues Rise Y/Y
• Positive Sentiment: Growth was broad-based and advanced packaging demand remains strong. Record Computing and Automotive performance supported the quarter, while management highlighted rising AI data-center demand, advanced packaging growth and margin expansion. Capacity is being shifted toward higher-growth opportunities. AMKR Q2 Earnings Call Highlights AI Ramp and Margin Gains
• Positive Sentiment: Long-term AI positioning provides support. Amkor’s partnership with NVIDIA, including reported $1.5 billion in prepayments, could help fund capacity and reinforce its role in AI-related semiconductor packaging. Needham reaffirmed a Buy rating with a $90 price target. Top Wall Street Forecasters Revamp Amkor Technology Expectations Ahead Of Q2 Earnings
• Neutral Sentiment: Analyst views are mixed. B. Riley lowered its price target from $75 to $65 and maintained a Neutral rating, while the broader analyst average target was reported at $68.
• Negative Sentiment: Third-quarter revenue guidance disappointed. Amkor forecast revenue of $2.0 billion to $2.1 billion, with the midpoint below the $2.1 billion consensus estimate. Although projected EPS of $0.72-$0.82 exceeded the $0.62 consensus, investors appear concerned that sales growth may be less robust than expected. Amkor Tech’s Revenue Outlook Disappoints Investors, Stock Tanks

Analyst Ratings Changes

A number of analysts have recently weighed in on AMKR shares. The Goldman Sachs Group increased their target price on shares of Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Melius Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Monday, April 6th. B. Riley Financial dropped their price objective on Amkor Technology from $75.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Amkor Technology in a research note on Friday, July 17th. Finally, UBS Group raised Amkor Technology from a “neutral” rating to a “buy” rating and boosted their target price for the company from $80.00 to $90.00 in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $68.12.

About Amkor Technology

Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.

In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.