Amkor Announces $1 Billion Convertible Senior Notes Offering

Amkor ( (AMKR) ) has issued an update.

On April 30, 2026, Amkor Technology priced a private offering of $1 billion in 0.00% convertible senior notes due 2031 to qualified institutional buyers under Rule 144A, with settlement expected on May 5, 2026 and an option for purchasers to buy up to an additional $150 million. The notes, guaranteed on a senior unsecured basis by key subsidiaries, carry an initial conversion price of about $106.37 per share, a 52.5% premium to the stock’s last sale price, and feature conditional conversion, redemption and repurchase provisions tied to stock performance and fundamental change events.

Amkor expects net proceeds of about $981.7 million, or up to $1.129 billion if the option is fully exercised, and plans to allocate a portion to capped call transactions designed to limit dilution and potential cash outlays upon note conversion, with the remainder earmarked for general corporate purposes and capital expenditures. The associated capped call hedging activity by financial counterparties could influence trading in Amkor’s shares and the notes over time, shaping the company’s capital structure and potentially affecting conversion economics for 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. is the world’s largest U.S.-headquartered outsourced semiconductor assembly and test (OSAT) provider and a global leader in semiconductor packaging and test services. Its portfolio spans advanced packaging, wafer-level processing and system-in-package solutions targeting smartphones, data centers, artificial intelligence, automotive electronics and wearables for leading chip and electronics makers.

Average Trading Volume: 4,462,220

Technical Sentiment Signal: Buy

Current Market Cap: $17.29B

For an in-depth examination of AMKR stock, go to TipRanks’ Overview page.