Amkor (AMKR)
NASDAQ:AMKR
Want to see AMKR full AI Analyst Report?
Top Page
Amkor
(NASDAQ:AMKR)
Select Model
Select Model
Rating:64Neutral
Price Target:
$81.00
▲(20.23% Upside)
Action:ReiteratedDate:04/28/26
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.
Positive Factors
Diversified End‑Market Recovery
Amkor's revenue recovery is broad‑based across communications, compute, automotive and consumer end markets, reducing single‑market cyclicality. Durable demand from communications and AI/data‑center compute supports multi‑quarter volume stability and a stronger, less volatile revenue base.
Negative Factors
Persistent Margin Compression
Margins remain materially below the 2021–2022 peak, reflecting weaker pricing/mix and cost pressure. Lower gross and net margins reduce intrinsic earnings power and long‑term return on capital, making it harder to convert revenue gains into durable profit and free cash flow improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified End‑Market Recovery
Amkor's revenue recovery is broad‑based across communications, compute, automotive and consumer end markets, reducing single‑market cyclicality. Durable demand from communications and AI/data‑center compute supports multi‑quarter volume stability and a stronger, less volatile revenue base.
Read all positive factors
Amkor (AMKR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$17.62B
Dividend Yield0.81%
Average Volume (3M)3.42M
Price to Earnings (P/E)33.4
Beta (1Y)2.10
Revenue Growth12.71%
EPS Growth37.49%
CountryUS
Employees28,300
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)0.33
Shares Outstanding247,872,510
10 Day Avg. Volume3,647,252
30 Day Avg. Volume3,421,442
Financial Highlights & Ratios
PEG Ratio5.37
Price to Book (P/B)2.18
Price to Sales (P/S)1.45
P/FCF Ratio51.09
Enterprise Value/Market Cap1.01
Enterprise Value/Revenue2.53
Enterprise Value/Gross Profit17.51
Enterprise Value/Ebitda16.97
Forecast
1Y Price Target
$73.17Price Target Upside8.60% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)2.1
Revenue Forecast (FY)$7.61B
Amkor Business Overview & Revenue Model
Company Description
Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the rest of the Asia Pacific. It offers turnkey packaging and test services, including semicondu...
How the Company Makes Money
Amkor makes money by providing fee-based semiconductor back-end manufacturing services—primarily assembly/packaging and test—to customers that design and sell semiconductor devices but outsource these steps. Its core revenue stream is service reve...
Amkor Earnings Call Summary
Earnings Call Date:Apr 27, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 03, 2026
Earnings Call Sentiment Positive
The call presented a largely positive operational and financial picture: record Q1 revenue (up 27% YoY), strong end‑market growth (notably communications +42%), margin expansion, improved utilization and solid liquidity. Management reiterated confident near‑term guidance and outlined meaningful advanced packaging ramps and capacity expansion (Arizona, Korea) that support multiyear upside. Offsetting risks include supply‑chain delays and material price pressure (estimated near‑term pushouts of $50–$100M), significant capital intensity that will modestly dilute operating margins (1–2 ppt anticipated beginning in 2027), and timing/qualification uncertainty for new facilities and programs. Overall, the positive growth, margin improvement and balance sheet strength materially outweigh the identifiable near‑term operational and investment risks.Positive Updates
Record Quarterly Revenue
Reported record Q1 revenue of $1.68 billion, up 27% year‑on‑year, above the midpoint of guidance and driven by stronger‑than‑expected performance across most end markets.
Negative Updates
Supply Chain Delays and Nonlinear Loading
Customer supply materials (advanced silicon, advanced substrates and memory) are being delayed, causing nonlinear loading and program pushouts; management estimated potential near‑term impact roughly $50–$100 million (pushouts) and indicated similar dynamics into Q2.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Quarterly Revenue
Reported record Q1 revenue of $1.68 billion, up 27% year‑on‑year, above the midpoint of guidance and driven by stronger‑than‑expected performance across most end markets.
Read all positive updates
Company Guidance
Amkor guided Q2 revenue of $1.75–$1.85 billion (≈+7% sequential at the midpoint) with gross margin of 14.5%–15.5%, operating expenses of ~ $120 million (including a ~$20 million gain on real estate), net income of $105–$130 million and EPS of $0.42–$0.52; full‑year 2026 CapEx is estimated at $2.5–$3.0 billion (65%–70% for facilities expansion including Arizona Phase 1, 30%–35% for HDFO/test/advanced packaging, remainder for R&D/quality), and the company expects a full‑year effective tax rate of ~20%. For context, Q1 was a record quarter with revenue $1.68 billion (+27% YoY), gross margin 14.2% (gross profit $239 million, +52% YoY), operating expenses $139 million, operating income $100 million (6.0% margin, +360 bps YoY), EBITDA $285 million (16.9% margin), net income $83 million and EPS $0.33; balance sheet metrics include $1.8 billion cash, $2.9 billion total liquidity, $1.4 billion total debt and debt/EBITDA ~1.1x. Management also said Q2 end‑market trends: communications mid‑ to high‑single‑digit sequential growth, computing mid‑single‑digits, automotive/industrial mid‑single‑digits, consumer low‑teens, utilization was in the low‑70s in Q1 (still in the 70s in Q2), CapEx spend is weighted ~30% H1/70% H2, Arizona Phase 1 is planned for completion in 2027 (expected to dilute operating income margin by ~1–2% beginning in 2027 while improving in 2028) and could ultimately add roughly a $1 billion run‑rate (≈>10% of prior revenue) when at scale.Amkor Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.07B | 6.71B | 6.32B | 6.50B | 7.09B | 6.14B |
| Gross Profit | 1.02B | 938.60M | 933.21M | 943.15M | 1.33B | 1.23B |
| EBITDA | 1.05B | 1.16B | 1.09B | 1.13B | 1.53B | 1.33B |
| Net Income | 436.12M | 373.89M | 354.01M | 359.81M | 765.82M | 643.00M |
Balance Sheet | ||||||
| Total Assets | 8.30B | 8.14B | 6.94B | 6.77B | 6.82B | 6.04B |
| Cash, Cash Equivalents and Short-Term Investments | 1.85B | 1.99B | 1.65B | 1.59B | 1.24B | 1.08B |
| Total Debt | 1.52B | 1.57B | 1.48B | 1.44B | 1.60B | 1.45B |
| Total Liabilities | 3.73B | 3.63B | 2.76B | 2.78B | 3.12B | 3.07B |
| Stockholders Equity | 4.53B | 4.47B | 4.15B | 3.96B | 3.67B | 2.94B |
Cash Flow | ||||||
| Free Cash Flow | 167.22M | 190.99M | 345.07M | 520.55M | 190.46M | 341.52M |
| Operating Cash Flow | 1.22B | 1.10B | 1.09B | 1.27B | 1.10B | 1.12B |
| Investing Cash Flow | -1.16B | -885.04M | -800.32M | -951.91M | -1.01B | -943.88M |
| Financing Cash Flow | 73.90M | 98.70M | -260.43M | -149.21M | 55.60M | -30.10M |
Amkor Technical Analysis
Positive
67.37
Price Trends
48.88
Positive
46.73
Positive
36.81
Positive
Market Momentum
4.53
Negative
76.21
Negative
88.78
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMKR, the sentiment is Positive. The current price of 67.37 is above the 20-day moving average (MA) of 51.65, above the 50-day MA of 48.88, and above the 200-day MA of 36.81, indicating a bullish trend. The MACD of 4.53 indicates Negative momentum. The RSI at 76.21 is Negative, neither overbought nor oversold. The STOCH value of 88.78 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AMKR.
Amkor Risk Analysis
Amkor disclosed 29 risk factors in its most recent earnings report. Amkor reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Amkor Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $30.74B | 11.07 | 11.36% | 6.06% | 7.52% | 17.94% | |
70 Outperform | $36.12B | 21.96 | 7.68% | ― | 0.61% | ― | |
68 Neutral | $66.31B | 26.48 | 12.81% | 2.29% | 15.55% | 43.35% | |
65 Neutral | $40.52B | 29.85 | 1.53% | ― | -15.35% | -90.84% | |
65 Neutral | $48.12B | 215.94 | 0.97% | 1.28% | 0.79% | -86.68% | |
64 Neutral | $17.62B | 33.43 | 8.73% | 0.81% | 12.71% | 37.49% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
AMKR
Amkor
71.09
53.53
304.79%
ASX
ASE Technology Holding Co
31.59
22.75
257.51%
ON
ON Semiconductor
103.03
64.62
168.24%
STM
STMicroelectronics
55.75
33.02
145.30%
UMC
United Micro
13.05
5.98
84.69%
GFS
GlobalFoundries Inc
64.91
29.03
80.91%
Amkor Corporate Events
Private Placements and FinancingRegulatory Filings and Compliance
Amkor Announces Large Secondary Offering by Insider Shareholder
Neutral
Feb 13, 2026
On February 12, 2026, Amkor Technology, Inc. entered into an underwriting agreement with Goldman Sachs Co. LLC and selling stockholder 915 Investments, LP, an investment vehicle for the family of Chairman Susan Y. Kim, for the secondary offering ...
Executive/Board Changes
Amkor Appoints Cherie Buntyn as Chief Accounting Officer
Positive
Feb 2, 2026
On February 2, 2026, Amkor Technology, Inc. appointed Cherie Buntyn as Senior Vice President and Chief Accounting Officer, making her the company’s principal accounting officer. Buntyn, a Certified Public Accountant with a B.S. in Accounting...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.