Amkor Announces $1 Billion Convertible Senior Notes Offering

Amkor ( (AMKR) ) has issued an announcement.

On April 30, 2026, Amkor Technology, Inc. announced plans to privately offer $1.0 billion of convertible senior notes due July 15, 2031, with an additional $150 million option for initial purchasers, to qualified institutional buyers under Rule 144A. The notes will be senior unsecured obligations, fully and unconditionally guaranteed by certain subsidiaries, convertible into cash and potentially Amkor common stock, and redeemable at Amkor’s option from May 15, 2029, subject to a stock price trigger and other conditions.

Holders will have rights to convert the notes under specified circumstances and may require Amkor to repurchase the securities for cash upon certain fundamental corporate changes, with key economic terms such as interest rate and initial conversion rate to be set at pricing. Amkor plans to use part of the proceeds to enter into capped call transactions designed to limit dilution or cash outlay upon conversion, while the balance will support general corporate purposes including capital expenditures, a structure that may affect trading dynamics in its stock as hedge counterparties transact in Amkor shares and related derivatives.

The capped call arrangements are expected to cover the shares initially underlying the notes and, together with potential additional capped calls tied to any upsized offering, aim to manage shareholder dilution as Amkor finances expansion. Trading and hedging activity by the financial institutions involved in these capped call transactions, both at pricing and over the life of the notes, could influence the market price of Amkor’s stock and the notes, with implications for conversion economics and value received by noteholders.

The most recent analyst rating on (AMKR) stock is a Buy with a $85.00 price target. To see the full list of analyst forecasts on Amkor stock, see the AMKR Stock Forecast page.

Spark’s Take on AMKR Stock

According to Spark, TipRanks’ AI Analyst, AMKR is a Neutral.

The score is driven primarily by mid-range financial fundamentals: recovering revenue and a solid balance sheet, but still-compressed margins and weak free-cash-flow conversion. The latest earnings call was a notable positive on near-term growth and margin guidance, while technicals are a headwind due to an overbought setup. Valuation is also a mild negative given the ~26x P/E and minimal dividend yield.

To see Spark’s full report on AMKR stock, click here.

More about Amkor

Amkor Technology, Inc., listed on Nasdaq as AMKR, is the world’s largest U.S.-headquartered outsourced semiconductor assembly and test provider and a global leader in semiconductor packaging and test services. Its portfolio spans advanced packaging, wafer-level processing and system-in-package solutions for smartphones, data centers, artificial intelligence, automotive electronics and wearables, serving leading semiconductor and electronics manufacturers worldwide.

With an extensive global manufacturing footprint and long-standing partnerships with key customers, Amkor focuses on delivering high-quality, innovation-driven packaging and test solutions that help accelerate time-to-market for advanced chip technologies. The company’s positioning in critical end markets such as AI and automotive underpins its strategic role in the broader semiconductor supply chain and supports continued investment in capital-intensive capacity and technology upgrades.

Average Trading Volume: 4,362,895

Technical Sentiment Signal: Buy

Current Market Cap: $17.5B

Find detailed analytics on AMKR stock on TipRanks’ Stock Analysis page.