Amkor Technology Inc

Amkor Technology reported second-quarter 2026 earnings of 70 cents per share, beating the Zacks Consensus Estimate by 48.94%, with net sales of $1.89 billion, up 25.58% year over year. The company saw record revenues in Computing and Automotive and Industrial end markets, and advanced products totaled $1.557 billion, up 26.79% year over year. For the third quarter, Amkor expects net sales of $1.95-$2.05 billion and gross margin of 18.5-19.5%, with net income between $180 million and $205 million. Management highlighted strategic partnerships with TSMC and NVIDIA to support long-term advanced packaging growth. Shares have risen 6.6% since the earnings report, and the consensus estimate has shifted upward by 28.11%.

Amkor and Teradyne shares jumped in afternoon trading after Bloomberg reported that Anthropic told prospective investors its second-quarter revenue surged more than 14-fold to over $11.5 billion, up from $787 million a year earlier and $4.73 billion in the first quarter, with the company also posting positive adjusted operating income for the first time. Reuters separately reported that Anthropic is projecting 2028 revenue of roughly $190 billion to $200 billion, fueling a memory-led rally in chip stocks. Commerce Secretary Howard Lutnick told The Wall Street Journal that the Trump administration opposes Apple buying Chinese memory chips, a stance that would keep more demand with Micron, Samsung, and SK hynix. Amkor gained 4.2% and Teradyne gained 5.4% on the news.

Amkor Technology's board approved a quarterly cash dividend of US$0.08352 per share, payable on September 22, 2026 to shareholders of record as of September 2, 2026. The dividend signals confidence in current cash generation, but investors are more focused on Amkor's advanced-packaging pipeline, which is underpinned by partnerships with TSMC and NVIDIA in AI and high-performance computing. The company faces capital-intensive risks as it ramps advanced-packaging capacity in Arizona, while managing segment softness in Communications and recent insider selling. Community valuations for Amkor span roughly US$25 to just over US$99 per share, reflecting wide disagreement on the stock's fair value.

Amkor Technology has affirmed a quarterly cash dividend of $0.08352 per share, payable on September 22, 2026, to shareholders on record as of the close of business on September 2, 2026. The announcement comes as the stock trades at $58.99, with a 1-day return of 2.15% and a 7-day return of 6.73%, though 30-day and 90-day returns are down 12.79% and 16.15% respectively. Year to date, the share price has returned 37.44%, and the 1-year total shareholder return stands at 150.40%. Simply Wall St's narrative analysis values Amkor Technology at $92.00, suggesting the stock is undervalued by 35.9% based on expectations of faster revenue compounding, higher margins, and a richer mix of advanced packaging work.

Nvidia has signed a multi-year, $1.5 billion agreement with Amkor Technology to expand advanced chip packaging and testing capacity in the United States, sending Amkor shares up about 15% in late trading. Under the deal, Nvidia will make a prepayment to help Amkor expand its US operations, including capacity in Arizona, and the two companies will jointly develop packaging and testing technologies for Nvidia's AI and accelerated-computing platforms. The agreement deepens an existing relationship in which Amkor already handles advanced packaging for Nvidia's data center processors, and it follows a separate 10-year partnership Amkor struck with TSMC in June to build out US packaging capabilities. The news arrives ahead of Nvidia's August 26 earnings report, with Wall Street consensus calling for fiscal second-quarter revenue of roughly $91.8 billion and EPS around $2.08, modestly above management's own guidance of about $91 billion in revenue, plus or minus 2%, and gross margins near 75%. The deal adds to a pattern of heavy AI infrastructure spending, including SpaceX's recent disclosure that it will build its AI systems exclusively on Nvidia GPUs and expects to receive a very significant percentage of Nvidia's GPU output next year.

Amkor Technology delivered a strong beat-and-raise quarter, driving analysts to raise their full-year EPS estimates by 18% to $2.62, representing 75% annual profit growth. The $13 billion outsourced semiconductor assembly and test leader also saw next year's consensus rise 16% to $2.73, though analysts remain cautious about the company's potential at the center of a semiconductor packaging bottleneck. Two weeks ago, NVIDIA invested $1.5 billion as a direct prepayment to secure advanced packaging and testing capacity at Amkor's $7 billion manufacturing complex under construction in Peoria, Arizona, where Amkor works closely with Taiwan Semiconductor. The deal aims to eliminate the biggest operational bottleneck in AI hardware by co-locating back-end assembly next to TSMC's expanding fabs, creating a fully domestic end-to-end supply chain. Amkor's stock sold off after the news, presenting what the author views as a buying opportunity under $60 before a potential rise to $90 this year.

Amkor Technology has signed a 10-year manufacturing partnership with TSMC for an advanced packaging facility in Arizona, following record second-quarter revenue in 2026. The company also expanded customer programs in AI and high-performance computing, focusing on advanced packaging solutions, and is migrating System in Package production from Korea to Vietnam to improve supply chain efficiency and cost management. Amkor's stock has fallen 42 percent over the past 30 days to $45.69, despite the new agreements and record revenue.

Amkor Technology reported second-quarter 2026 earnings of 70 cents per share, beating the Zacks Consensus Estimate by 48.94% and up from 22 cents a year ago. Net sales reached $1.89 billion, surpassing estimates by 5.27% and rising 25.58% year over year, driven by record revenues in Computing and Automotive and Industrial end markets along with continued strength in advanced packaging. Advanced products totaled $1.557 billion, up 26.79%, while mainstream products contributed $341 million, up 20.49%. Gross profit jumped 75.15% to $318.6 million, with gross margin expanding roughly 480 basis points to 16.8%, and net income attributable to Amkor was $173.8 million compared with $54.4 million in the prior-year quarter. For the third quarter, the company expects net sales of $1.95 billion to $2.05 billion, gross margin of 18.5% to 19.5%, and diluted earnings per share between 72 cents and 82 cents, while full-year 2026 capital expenditures remain projected at approximately $2.5 billion to $3 billion.

Amkor Technology reported quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.47 per share by 48.94%. Revenue for the quarter ended June 2026 came in at $1.9 billion, surpassing the consensus estimate by 5.25% and up from $1.51 billion a year ago. The chip packaging and test services provider has now topped consensus EPS and revenue estimates in each of the last four quarters. Amkor shares have gained about 64.5% year-to-date, compared with an 8.3% rise in the S&P 500.

Twelve companies are scheduled to report quarterly earnings after the market closes on July 27, 2026. Welltower Inc. is expected to post earnings per share of $1.55, a 21.09% increase from the prior year, while Cadence Design Systems has a consensus forecast of $1.62, up 32.79%. Nucor Corporation is projected to report $4.57 per share, a 75.77% jump, and Celestica Inc. is seen earning $2.12, a 68.25% rise. Other notable reports include Cincinnati Financial with a forecast of $1.82, down 7.61%, and Amkor Technology at $0.47, more than doubling from last year. The full list also features Principal Financial Group, Brown & Brown, F5 Inc., Sun Communities, UDR Inc., and TFI International.

Amkor Technology has secured a multi-year, $1.5 billion partnership with NVIDIA, including a sizeable prepayment to expand Amkor's advanced semiconductor packaging and testing capacity in the U.S. The deal comes as Amkor's stock has seen a 30-day decline of 21.5% and a 90-day drop of 16.8%, yet remains up 51.35% year to date with a one-year total shareholder return exceeding three times. A popular narrative among investors pegs Amkor's fair value at $92 per share, well above the last close of $64.96, suggesting the stock is materially undervalued. This bullish view hinges on faster ramp-ups in advanced packaging and test, higher profitability, and deepening ties with ecosystem leaders, though risks include concentrated customer exposure and the potential for heavy capacity spending to yield unattractive returns.

U.S. stock futures edged higher on Friday, recovering from a broad selloff, as upbeat corporate earnings and AI-related announcements offset geopolitical concerns. Intel surged 6% in premarket trading after forecasting third-quarter revenue above Wall Street expectations and raising its 2026 capital expenditure plan to $20 billion from $18 billion, reflecting growing adoption of its data center CPUs for AI infrastructure. Amkor Technology jumped 10.8% after announcing a $1.5 billion multi-year strategic partnership with Nvidia to expand advanced semiconductor packaging capacity in the United States. Verizon Communications gained 2.2% after the telecom company reported second-quarter earnings, extending its track record of consistently outperforming Wall Street expectations. eBay slipped 3.7% as Meta Platforms launched a dedicated Seller app for Facebook Marketplace, fueling concerns about competition for eBay's core seller base.

Several stocks made notable premarket moves following earnings reports and major agreements. Intel rallied 4% after posting its sharpest quarterly revenue growth in nearly 15 years, with Q2 revenue of $16.1 billion and adjusted earnings of 42 cents per share beating analyst expectations. Oracle rose nearly 3% after signing a 10-year, nearly $7 billion software agreement with the Pentagon for on-premises military use. Amkor Technology surged more than 11% on a multiyear $1.5 billion deal with Nvidia to develop advanced semiconductor packaging and testing for artificial intelligence. On the downside, American Express dipped 3% after missing revenue estimates with $19.64 billion versus the $19.71 billion consensus, while Deckers Outdoor slid 3% as Hoka and Ugg brand revenues fell short of Street expectations. Other movers included Tenet Healthcare jumping over 16% on a strong earnings beat, SAP gaining 5% on 27% cloud backlog growth to 22.9 billion euros, and MaxLinear tumbling more than 9% despite better-than-expected results, having been up over 400% in 2026 heading into the report.

Stock futures edged higher Friday as investors weighed Middle East tensions against a busy week of tech earnings. Safety Insurance shares surged 42% after Mapfre agreed to acquire the insurer in an all-cash deal valued at approximately $1.54 billion, offering $105 per share, a 44% premium. Amkor Technology jumped 9% on a multi-year partnership with Nvidia to develop advanced semiconductor packaging for AI platforms, with Nvidia prepaying to expand Amkor's Arizona capacity. SAP gained 6% after beating second-quarter earnings estimates, reporting 24% cloud revenue growth, and raising its full-year and 2026 outlooks. Intel climbed 3% as second-quarter revenue rose 25% to $16.1 billion, topping expectations, and the chipmaker issued third-quarter guidance above consensus. On the losing side, MaxLinear fell 10% despite beating estimates and issuing a strong outlook, while Deckers Outdoor slipped 3% even after surpassing earnings and posting its first billion-dollar revenue quarter.

The 14 semiconductor manufacturing stocks tracked in this roundup reported a very strong first quarter, with aggregate revenues beating analysts' consensus estimates by 2.2% and next-quarter revenue guidance coming in 5.5% above expectations. Marvell Technology posted revenues of $2.42 billion, up 27.6% year on year and in line with estimates, while Kulicke and Soffa outperformed with a 49.8% revenue jump to $242.6 million, beating by 5.5%. Photronics was the weakest performer, with flat revenues of $209.9 million that missed estimates by 2.8% and a stock decline of 46.4% since reporting. Applied Materials exceeded expectations with $7.91 billion in revenue, up 11.4%, and Amkor topped estimates with $1.68 billion, up 27.5%. Despite the strong results, the group's share prices have fallen 9% on average since their latest earnings releases.

Zacks Investment Research identifies Teradyne, FormFactor, Amkor Technology, and Credo Technology as attractive buys following a nearly 30% sell-off over the past month that left them trading roughly 35% below their 52-week highs. The pullback was driven by concerns over the pace of returns on massive AI infrastructure spending by hyperscalers, profit-taking after strong early-2026 gains, and geopolitical uncertainty from the U.S.-Iran conflict. Each of the four stocks carries a Zacks Rank of 1 (Strong Buy) or 2 (Buy) with a Growth Score of A or B, and has seen upward earnings estimate revisions for the current fiscal year. FormFactor supplies advanced probe cards and saw first-quarter 2026 revenue rise 32% and non-GAAP EPS jump 143%; Credo Technology provides high-speed connectivity for AI data centers and reported fiscal fourth-quarter revenue up 157% and non-GAAP EPS up 231%; Teradyne offers automated test equipment and posted first-quarter revenue and non-GAAP EPS growth of 87% and 241%, respectively; Amkor Technology is a leader in outsourced semiconductor packaging and testing, with first-quarter revenue up more than 27% and non-GAAP EPS soaring 267%. Their forward P/E multiples have contracted sharply from one-year highs, and the research firm views the AI-driven semiconductor expansion as a multi-year tailwind.

LG Chem has begun mass production and supply of its first semiconductor stripper to global OSAT leader Amkor Technology. The customized process materials reduce photoresist and residue removal time by approximately 50%, enhancing manufacturing efficiency for advanced semiconductor packaging. This marks LG Chem's entry into the semiconductor stripper market, leveraging expertise from its display stripper business. The company is expanding its semiconductor materials portfolio as part of a strategy to more than double its electronics materials business.

Semiconductor stocks rallied after a cooler-than-expected June inflation report and IBM's warning that enterprise clients are diverting budgets to AI hardware. Core CPI was flat month-over-month, reopening the door to a friendlier interest rate environment, while IBM CEO Arvind Krishna said second-quarter revenue missed expectations because clients shifted spending toward servers, storage, and memory to secure supply-constrained AI infrastructure. The combination of a macro tailwind and direct confirmation of AI infrastructure demand lifted the sector, with Monolithic Power Systems jumping 7.1% and Amkor gaining 5.1%. Intel also announced a €5 billion investment in its Ireland facility to boost Xeon 6 processor production, and Tower Semiconductor is expanding 300mm manufacturing in Japan with government support.

Amkor Technology trades at a forward 12-month price-to-sales multiple of 2.06, compared with the Zacks Electronics-Semiconductors industry average of 9.33 and the Zacks Computer & Technology sector average of 6.98. The stock has climbed 67.3% year to date, outpacing the industry's 50.3% return and the sector's 17% advance, driven by rising demand for advanced packaging from AI and high-performance computing investments. Computing revenues rose 19% year over year in the first quarter of 2026, and full-year advanced packaging revenues are projected to roughly triple in 2026. Amkor's $7 billion two-phase Arizona campus is on track for high-volume manufacturing beginning in 2028, backed by roughly $2.8 billion in combined government incentives, tax credits and customer co-investments. The Zacks Consensus Estimate for 2026 earnings is pegged at $2.08 per share, indicating growth of 38.67% year over year.

Amkor Technology's communications segment posted 42% year-over-year revenue growth in the first quarter of 2026, driven by resilient premium smartphone demand. Management expects sequential growth in the mid to high single digits for the second quarter, reflecting sustained momentum across premium iOS and Android devices. The company supports application processors, modems, RF front-end modules, memory, sensors and system-in-package solutions, giving it broad exposure across components that define premium smartphone performance. Semiconductor content in premium smartphones is expected to rise from around $225 currently to nearly $400 over the next several years, driven by richer AI functionality and deeper integration. Amkor shares have surged 78.5% year-to-date, and the Zacks Consensus Estimate for second-quarter 2026 earnings is 47 cents per share, indicating growth of 113.64% year over year.

Amkor Technology is the better buy over Applied Materials for investors seeking AI exposure in 2026, according to a comparative analysis. Applied Materials posted fiscal 2025 revenue of $28.4 billion with a net margin of 24.7%, while Amkor reported $6.7 billion in revenue and a 5.6% net margin. Amkor’s valuation appears more attractive with a forward P/E of 34.7x and a price-to-sales ratio of 2.7x, compared to Applied Materials’ 49.5x forward P/E and 17.0x P/S ratio. Both companies benefit from AI tailwinds, but Amkor’s lower multiples and projected revenue growth to $11 billion by 2030 make it the preferred pick.

Shares of semiconductor manufacturing companies FormFactor, Amkor, and Kulicke and Soffa surged in afternoon trading, with FormFactor and Amkor each jumping 9.5% and Kulicke and Soffa rising 9.3%, as the sector rebounded on reports that China may ease restrictions on imports of advanced Nvidia AI chips. The rally was sparked by a report that Chinese authorities told top tech firms including Alibaba, ByteDance, and DeepSeek they may soon be allowed to buy a limited quantity of Nvidia H200 processors, capped under 200,000 units, for model training. Additional support came from news that SK Hynix's $24.5 billion U.S. ADR offering was oversubscribed by more than seven times, signaling robust institutional demand for AI memory chips. The gains followed a recent selloff in semiconductor stocks driven by profit-taking.

Amkor Technology has delivered a 205.4% return over the past five years, yet the stock still screens as undervalued on 5 out of 6 valuation checks according to Simply Wall St's framework. The company currently trades at a price-to-earnings ratio of 37.1 times, well below the semiconductor industry average of 65.3 times and the peer group average of 81.5 times. A tailored fair P/E model suggests a multiple of 42.9 times, indicating the stock trades at a discount to both that benchmark and sector peers. The expansion of advanced packaging capacity alongside Taiwan Semiconductor Manufacturing Company in Arizona is expected to support higher-value work and revenue visibility, though concerns around capital intensity and potential overcapacity persist. The bull case sees the stock as 27% undervalued, while the bear case views it as 9% overvalued.

Amkor Technology's expanding 2.5D packaging pipeline is emerging as a key growth lever as AI and high-performance computing customers shift toward chiplet-based architectures. The company maintains over a dozen active 2.5D engagements with leading semiconductor customers and expects several advanced packaging programs to ramp up over the next few years, including high-density fan-out and bridge-based solutions tied to CPU and data center applications. First-quarter 2026 revenues increased 27% year over year to $1.68 billion, supported by growing AI data center demand and higher advanced packaging content, while advanced packaging revenue from computing applications is expected to triple in 2026. Amkor competes with ASE Technology and Advanced Micro Devices in the 2.5D packaging ecosystem, and its shares have surged 103.2% year to date, outperforming the Zacks Electronics - Semiconductors industry's 59.5% gain. The Zacks Consensus Estimate for second-quarter 2026 earnings is 47 cents per share, indicating growth of 113.64% year over year.

ASE Technology and Amkor Technology both reported strong first-quarter 2026 results driven by AI-fueled demand for advanced semiconductor packaging, but ASE Technology holds the edge in growth, profitability, and earnings outlook. ASE Technology posted NT$173.7 billion in revenue, up 17% year over year, with its Assembly, Testing and Material business reaching a record NT$112.4 billion, while Amkor achieved record revenue of $1.68 billion, a 27% increase. ASE Technology shares have surged 149.8% year to date, outpacing Amkor's 99.4% gain, and analysts expect ASE Technology's earnings per share to grow 47.4% in 2026 and another 73.2% in 2027, compared with Amkor's projected 38.7% growth this year and just 3.7% next year. ASE Technology also trades at a slightly lower forward price-to-earnings multiple of 35.33 times versus Amkor's 37.11 times, while both stocks carry premium valuations relative to the industry average of 33.61 times. The analysis concludes that ASE Technology's faster revenue growth, superior margin profile, stronger AI-driven momentum, and better long-term earnings trajectory make it the more compelling investment in the chip packaging space.

A newsletter by Ian King and George Gilder has identified Amkor Technology as a “secret weapon” in the semiconductor industry, citing its five-decade role in major chip breakthroughs and its close ties with Apple and TSMC. The pitch highlights that Amkor benefits from every advanced nanochip made in America, regardless of whether the fabrication is done by TSMC, Intel, or Samsung. Amkor provides semiconductor packaging and test services, a critical supply-chain step that integrates components like GPUs and memory into a single package. The company is set to exhibit alongside TSMC at a China event on June 25th and attend a South Korean event in July.

Taiwan Semiconductor Manufacturing Company and Amkor Technology have entered into a 10-year partnership to expand advanced semiconductor packaging and testing capabilities in Arizona. The collaboration will see Amkor provide advanced packaging services for chips produced at TSMC's Arizona facilities, aiming to strengthen the US semiconductor supply chain and meet rising demand for high-performance computing and AI solutions. The integrated model is designed to increase regional capacity and significantly reduce time-to-market for customers requiring sophisticated system-level integration. The agreement reinforces both companies' commitments to long-term investment in Arizona's high-tech sector, creating a more resilient ecosystem from silicon fabrication to final testing.

Amkor Technology has surged 119.7% year to date, outperforming the semiconductor industry's 63.3% gain, and Zacks Investment Research sees three reasons to hold the stock through the second half of 2026. Advanced packaging demand remains a structural tailwind, with computing revenues up 19% year over year in the first quarter and full-year advanced packaging revenue projected to roughly triple in 2026, driven by programs with Advanced Micro Devices and NVIDIA. Despite the rally, AMKR trades at a forward price-to-sales ratio of 2.74, well below the industry average of 9.95, offering a valuation cushion. The Arizona facility buildout adds U.S.-based advanced packaging and test capacity, positioning Amkor as one of the few large-scale outsourced assembly and test providers in the country and supporting long-term growth as programs like AMD's new data center CPU ramp in South Korea starting in 2027 are expected to eventually onshore.

Amkor Technologies reported first-quarter revenue of $1.68 billion, up 27.5% year on year and exceeding analyst expectations by 1.7%, amid a strong earnings season for semiconductor manufacturing stocks. The 14 companies tracked in the sector collectively beat revenue estimates by 2.2% and provided next-quarter guidance 5.5% above consensus. Kulicke and Soffa delivered the best performance with revenue of $242.6 million, a 49.8% increase that topped estimates by 5.5%, while Photronics was the weakest, posting flat revenue of $209.9 million that missed expectations by 2.8% and issuing disappointing guidance. Other notable results included FormFactor with revenue of $226.1 million, up 32% and in line with estimates, and Marvell Technology with revenue of $2.42 billion, up 27.6% and meeting expectations. Semiconductor manufacturing stocks have risen 22.6% on average since their latest earnings reports.

Amkor Technology shares surged to a 52-week high after the company announced a landmark 10-year partnership with Taiwan Semiconductor Manufacturing Company. Under the agreement, TSMC will source advanced packaging and testing services from Amkor's expanding Arizona operations, targeting artificial intelligence, data center, and high-performance computing applications. The stock jumped 24.2% over five sessions, reaching $96.68 on June 16, and has returned 129.1% year-to-date. Amkor reported record first-quarter revenue of $1.7 billion, up 27% year-over-year, with net income rising to $83 million from $21 million. Analysts hold a consensus Moderate Buy rating, though the stock has already surpassed the average price target of $74.14.

Amkor Technology's stock could be 26% below its intrinsic value following a 10-year collaboration agreement with Taiwan Semiconductor Manufacturing Company for advanced packaging and testing in Arizona. The stock has surged 38.02% over the past month and delivered a 348.12% total shareholder return over one year, trading at $90.46. While the most popular narrative pegs fair value at $90, suggesting the stock is nearly fully valued, a discounted cash flow model from Simply Wall St estimates fair value at $121.79 per share, implying significant upside. The partnership ties Amkor more closely to long-term AI and high-performance computing demand, though risks include customer concentration and heavy capital spending on new capacity.

A $1000 investment in Amkor Technology made in June 2016 would be worth $14,599.66 as of June 18, 2026, representing a gain of 1,359.97% excluding dividends but including price increases. Over the same period, the S&P 500 gained 258.25% and gold rose 213.51%. Amkor Technology is a leading outsourced semiconductor assembly and test service provider, with 2025 net sales of $6.71 billion, up 6.2% from 2024. The company is positioned to benefit from AI and high-performance computing packaging demand, with advanced packaging platforms expected to nearly triple in 2026 and computing revenue forecast to grow more than 20% year over year. Shares have gained 26.19% over the past four weeks, and analysts have raised earnings estimates for fiscal 2026.