Amkor zvýšil plánovanou investici do arizonského kampusu pro pokročilé balení a testování na zhruba 12 miliard USD. První fáze je plně zajištěná a zákaznické závazky už přesáhly 33 000 m² plánovaných pro první fázi.
Key Takeaways Amkor raised its Arizona packaging and test campus investment to about $12B, with Phase 1 fully committed.Phase 2 adds 60,000 square meters of cleanroom space, lifting campus capacity to about 93,000 square meters.TSMC and NVIDIA partnerships support growth, while long timelines and capacity utilization remain key risks. Amkor Technology (AMKR - Free Report) is expanding its Arizona advanced packaging and test campus, raising the project’s planned investment to approximately $12 billion. Phase 2 is expected to add 60,000 square meters of cleanroom capacity, taking the campus to about 93,000 square meters. Importantly, customer commitments have already surpassed the 33,000 square meters planned for Phase 1, providing a strong demand signal for the expansion.
The Arizona campus is designed to provide wafer bump, probe, assembly and test capabilities, while Phase 2 will further expand manufacturing scale. This expansion also aligns with Amkor’s strategic partnerships with TSMC and NVIDIA. Its 10-year advanced packaging agreement with TSMC is designed to expand packaging and test capacity and strengthen the U.S. semiconductor supply chain, while its multi-year NVIDIA partnership focuses on advanced packaging and test for next-generation AI infrastructure.
Phase 1 is progressing and is now fully committed, underscoring strong customer interest in U.S.-based semiconductor manufacturing. However, Phase 2 construction is anticipated to begin in late 2027, with completion expected by the end of 2029, creating a lengthy period before the expanded capacity becomes operational.
The primary risks involve substantial capital expenditure and capacity utilization; Amkor must convert customer demand into sustained capacity utilization and profitability. Overall, this Arizona-based initiative appears highly promising, and the company is expected to generate attractive returns on its $12 billion investment by leveraging strong customer commitments and growing demand for advanced packaging and test capabilities.
How INTC and FORM Challenge AMKR in Advanced PackagingIntel Corporation (INTC - Free Report) is challenging AMKR through its EMIB-T advanced-packaging technology, which targets AI silicon solutions and has a growing backlog. The company is investing in packaging capacity alongside higher 2026 CapEx. Intel expects EMIB-T to ramp to high volume in 2027, directly intensifying competition for advanced AI packaging demand.
FormFactor (FORM - Free Report) is leveraging its strength in semiconductor testing and challenging AMKR in the broader advanced-packaging ecosystem. FORM highlights SmartMatrix for high-speed HBM4 stack testing and is expanding its manufacturing footprint with Farmers Branch, positioning it to support increasingly complex GPU, CPU and custom-ASIC ramps.
AMKR’s Share Price Performance, Valuation & EstimatesAMKR’s shares have gained 28.4% year to date, outperforming the broader Zacks Computer and Technology sector, which has returned 18.5%.
AMKR’s YTD Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, AMKR trades at a forward P/E of 17.83X, higher than the industry average of 13.62X. The company carries a Value Score of B.
AMKR’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for AMKR’s 2026 and 2027 earnings is pegged at $2.60 and $2.72 per share, respectively. Despite recent downward revisions, the estimates imply year-over-year growth of 73.3% and 4.3%.
Image Source: Zacks Investment Research
AMKR stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AMKR za měsíc klesl o 9,6 %, ale firma hlásí silný růst pokročilých produktů: ve 2. čtvrtletí 2026 tržby činily 1,56 mld. USD oproti 1,23 mld. USD před rokem.
Key Takeaways AMKR fell 9.6% in a month, but the pullback may offer a lower-priced entry into its long-term growth story.Advanced products generated $1.56B in Q2 2026, up from $1.23B a year earlier, supporting AMKR's growth.AMKR is expanding capacity in Arizona, Korea and Vietnam to aid advanced packaging and data-center demand. Amkor Technology (AMKR - Free Report) has struggled to keep pace with its industry and broader sector, with shares down 9.6% over the past month. In comparison, the Zacks Electronics - Semiconductors industry has declined 1.9%, while the broader Computer and Technology sector has edged up 0.5%.
AMKR shares have also underperformed Micron Technology (MU - Free Report) , Cohu, Inc. (COHU - Free Report) and KLA Corporation (KLAC - Free Report) over the same period. Micron Technology led the group with an 18.1% gain, followed by Cohu’s 2.5% increase, while KLA Corporation has declined 3.7%.
One-Month Price Comparison
Image Source: Zacks Investment Research
AMKR’s recent decline appears to be driven primarily by near-term Communications weakness, ongoing smartphone and memory-related pressures, the temporary System-in-Package (SiP) transition and concerns surrounding its heavy capacity investments. However, these challenges need to be viewed against Amkor’s broader long-term strategy. The company is increasing investment in advanced packaging, expanding its manufacturing footprint and deepening relationships with key semiconductor players.
Importantly, Amkor's recent investments are increasingly aligned with some of the semiconductor industry's strongest structural growth trends. The company is seeing rising demand for Advanced Packaging, AI and high-performance computing (HPC), automotive and ADAS applications, while its strategic partnerships with TSMC and NVIDIA could strengthen its position.
Therefore, this recent price drop could present an opportunity for investors to buy shares at a lower price and participate in Amkor's long-term growth potential.
Strong Advanced Packaging Growth Supports AMKRAmkor’s long-term growth prospects are increasingly tied to the structural shift toward Advanced Packaging, as rising AI, high-performance computing (HPC) and data-center complexity require higher integration, performance and power efficiency. The company has established capabilities across 2.5D integration, high-density fan-out (HDFO), advanced flip chip, wafer-level processing and advanced SiP. Its second quarter 2026 results showed this opportunity gaining traction, with advanced products generating $1.56 billion of revenue, up from $1.23 billion a year earlier. It also reported growing customer engagements across 2.5D, HDFO and emerging co-packaged optics, including a data-center CPU HDFO program that began ramping in the second quarter.
The opportunity extends beyond near-term revenue growth because advanced packaging can support higher-value applications and improve Amkor’s overall product mix and earnings power. The company is deepening strategic relationships with TSMC and NVIDIA, while expanding advanced-packaging capacity in Arizona and Korea. Management said several technology platforms were already operating at full capacity and that customer engagements increasingly involve longer planning horizons and capacity alignment. This is important for investors, as a greater mix of advanced packaging will enable AMKR to capture more value from the growth of AI and HPC, while simultaneously facilitating better utilization of its expanded manufacturing base.
Geographic Diversification Gives AMKR a Competitive EdgeAmkor’s broad and strategically located manufacturing footprint is a key competitive advantage, giving customers greater geographic flexibility, supply-chain resiliency and regional manufacturing options. The company’s facilities across key regions in Asia and Europe allow customers to diversify supply chains and mitigate operational risks, while its U.S. headquarters and new Arizona facility strengthen its ability to support customers seeking to regionalize semiconductor production. Importantly, AMKR’s geographic diversity also allows it to qualify production at multiple sites and optimize asset utilization, providing greater flexibility as customer demand shifts across markets and technologies.
Amkor is expanding this footprint in a way that is increasingly aligned with long-term customer requirements. Phase 1 of the Arizona facility is fully committed, while new capacity is being added in Korea, including a Songdo assembly and test building and additional Gwangju cleanroom capacity expected to support data-center and advanced-packaging opportunities from 2028 onward. Amkor is also expanding facilities in Vietnam, Portugal and Taiwan. The move of SiP production from Korea to Vietnam is particularly strategic because it frees capacity in Korea for rapidly scaling, higher-value Computing programs while increasing SiP and NAND capacity in Vietnam.
Amkor’s geographic diversification could become an increasingly important competitive advantage as semiconductor customers seek greater supply-chain resilience and regionalized production. While Micron Technology, Cohu and KLA Corporation also maintain broad global footprints, their geographic networks support different business models. AMKR’s footprint is directly aligned with its OSAT operations, enabling customers to access packaging and test capacity across multiple locations. Its investments in Arizona, Korea, Vietnam, Portugal and Taiwan further strengthen this flexibility and align capacity with evolving customer requirements. For investors, this could help AMKR win new programs, deepen customer relationships and support more durable long-term growth.
AMKR Stock Trades Lower Than Its Growth ProspectsAmkor shares appear attractively valued, offering investors a potentially compelling entry point relative to the company’s growth outlook. The stock’s Zacks Value Score of A indicates an attractive valuation, while its VGM Score of B suggests better returns.
Amkor’s earnings outlook further strengthens the investment case. The Zacks Consensus Estimate for 2026 earnings stands at $2.6 per share, implying robust year-over-year growth of 73.3%. This strong expected earnings expansion suggests that the stock’s current valuation may not fully reflect its growth potential.
AMKR also trades at a forward P/B ratio of 2.53X, well below the industry and sector averages of 8.72X and 8.87X, respectively. The significant valuation discount, combined with strong projected earnings growth, indicates that AMKR may be trading below levels justified by its underlying growth prospects, presenting potential upside for value-oriented investors.
AMKR’s P/B Ratio (TTTM)
Image Source: Zacks Investment Research
Parting Thoughts on AMKRAmkor’s recent pullback provides an attractive entry point for investors seeking to capitalize on the company’s strong long-term growth potential. Strong Advanced Packaging demand, AI and HPC opportunities, geographic diversification and strategic partnerships provide solid growth drivers. Combined with attractive valuation and robust earnings expectations, AMKR’s growth-driven prospects make the current dip a potential buying opportunity for investors.
AMKR currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Amkor rozšiřuje výrobní kapacity v Arizoně, Koreji, Vietnamu, Portugalsku a na Tchaj-wanu, aby posílil regionální výrobu a odolnost dodavatelského řetězce. 1. fáze v Arizoně je už plně obsazena pro high-volume advanced packaging a testování.
Key Takeaways Amkor is expanding capacity in Arizona, Korea, Vietnam, Portugal and Taiwan to meet regional needs.Phase 1 of Amkor's Arizona site is fully committed for high-volume advanced packaging and test.Amkor's TSMC and NVIDIA deals support deeper ties, planning visibility and multi-year growth. Amkor Technology (AMKR - Free Report) is expanding its global manufacturing footprint to give customers greater geographic flexibility, supply chain resilience and regional execution, potentially strengthening customer relationships.
Amkor’s strategically located facilities across Asia and Europe provide customers with multiple options to mitigate supply-chain risks, diversify production and support regionalization initiatives. The company is also expanding in Arizona and scaling its Vietnam facility, allowing it to qualify production at multiple sites and optimize asset utilization.
The Arizona expansion is particularly important as customers increasingly seek regional semiconductor manufacturing. Phase 1 is fully committed and is designed to provide high-volume advanced packaging and test capabilities in the United States. Meanwhile, expansions in Korea, Vietnam, Portugal and Taiwan are enabling Amkor to align capacity more closely with evolving customer requirements.
The footprint is also helping deepen customer engagement. As packaging complexity rises, customers are engaging earlier in the design process and across multiple product generations, creating longer planning horizons and closer alignment on technology roadmaps and capacity requirements. Amkor’s 10-year TSMC agreement and multi-year NVIDIA partnership further reinforce these relationships.
This combination of regional capacity, supply-chain resilience and deeper collaboration could support stronger customer retention, better planning visibility and durable multi-year revenue growth opportunities. The Zacks model reflects this growth outlook, forecasting total revenues to increase 14.0% in 2026 and 11.8% in 2027.
Amkor Confronts Intensifying CompetitionASE Technology (ASX - Free Report) competes with Amkor on geographic capacity as both expand semiconductor manufacturing service networks to meet customers’ regional needs. ASE Technology has Fremont and San Jose factories and is expanding to additional U.S. facilities while building capacity in Taiwan before migrating operations elsewhere. This makes ASE Technology a direct OSAT footprint rival to Amkor.
Intel Corporation (INTC - Free Report) competes with AMKR in geographic capacity expansion through its wafer foundry and advanced packaging network, particularly as customers seek regional semiconductor manufacturing. Intel is accelerating cleanroom build-outs and raising 2026 CapEx above $20 billion, with most 2027 spending directed to its U.S. network. This scale-up allows Intel to expand regional wafer and packaging capacity, directly challenging Amkor’s U.S. and global footprint strategy.
AMKR’s Share Price Performance, Valuation & EstimatesAMKR has delivered a 98% surge over the past 12 months, far exceeding the 30.3% return posted by the broader Zacks Computer and Technology sector.
AMKR’s One-Year Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, AMKR trades at a forward P/S of 1.44X, higher than the industry average of 4.93X. The company carries a Value Score of A.
AMKR’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 earnings stands at $2.60 per share, down 2 cents over the past 30 days, while still indicating strong year-over-year growth of 73.3%.
Image Source: Zacks Investment Research
AMKR stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
It has been about a month since the last earnings report for Amkor Technology (AMKR - Free Report) . Shares have added about 6.6% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Amkor Technology due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Amkor Technology, Inc. before we dive into how investors and analysts have reacted as of late.
Amkor Technology Q2 Earnings Beat Estimates, Revenues Rise Y/YAmkor Technology reported second-quarter 2026 earnings of 70 cents per share, beating the Zacks Consensus Estimate by 48.94%. The company reported earnings of 22 cents per share in the year-ago quarter.
Net sales of $1.89 billion surpassed the Zacks Consensus Estimate by 5.27%. The figure increased 25.58% year over year. The quarter's performance reflected record revenues in the Computing and Automotive and Industrial end markets, along with continued strength across the advanced packaging portfolio.
AMKR's Q2 Top Line & MixAmkor's second-quarter 2026 revenue mix continued to skew toward higher value work. Advanced products totaled $1.557 billion, up 26.79% year over year, reflecting strong customer engagement across leading-edge packaging platforms. Mainstream products contributed $341 million, up 20.49% year over year, supported by the fifth consecutive quarter of year-over-year mainstream growth.
Packaging comprised 88% of second-quarter 2026 sales, in line with the year-ago period, and test services accounted for 12%. Net sales from the top 10 customers represented 66% in the second quarter of 2026 compared with 72% in the second quarter of 2025.
AMKR Q2 End Markets DetailsIn the second quarter, Communications revenues grew approximately 32% year over year, aided by double-digit growth in the iOS ecosystem even as Android softness stemming from memory supply constraints partly offset the gain.
Computing revenues rose approximately 26% year over year, hitting a record quarterly level on the back of broad-based data center demand and the ramp of the company's newest HDFO CPU program.
Automotive and Industrial revenues advanced approximately 38% year over year to a record quarterly level, driven by strong ADAS demand and increasing semiconductor content in next-generation vehicle platforms.
Consumer revenues declined approximately 2% year over year even as sequential demand improved on broad-based IoT strength across customers.
AMKR's Margin DetailsProfitability improved sharply from the year-ago period. Gross profit was $318.6 million, up 75.15% year over year, and gross margin expanded to 16.8%, up roughly 480 basis points year over year.
Operating income reached $199.9 million, more than double the $92 million reported in the year-ago quarter. Operating margin was 10.5%, up roughly 440 basis points year over year, reflecting higher factory utilization and a richer product mix.
Net income attributable to Amkor was $173.8 million compared with $54.4 million in the year-ago quarter. EBITDA was $400 million versus $259 million a year earlier.
AMKR's Balance Sheet & Cash Flow DetailsAmkor's liquidity position strengthened sequentially. As of June 30, 2026, total cash and short-term investments stood at $2.5 billion, up from $1.8 billion at the end of the first quarter, while total debt rose to $2.486 billion from $1.4 billion, following the issuance of $1.15 billion in convertible notes in May. Total liquidity was $3.6 billion, up from $2.9 billion in the prior quarter, and the debt-to-EBITDA ratio was 1.8X compared with 1.1X in the first quarter.
For the six months ended June 30, 2026, net cash provided by operating activities was $381.6 million, implying approximately $236.5 million was generated in the second quarter alone, up from $145.1 million in the first quarter. Capital expenditures for the six-month period totaled $688.4 million, implying approximately $463.8 million was invested in the second quarter, up from $224.6 million in the first quarter, consistent with the ongoing Arizona and Asia footprint expansion.
AMKR's Q3 & 2026 GuidanceFor the third quarter of 2026, AMKR expects net sales of $1.95-$2.05 billion and a gross margin of 18.5-19.5%. Net income is expected to be $180-$205 million, with diluted EPS between 72 cents and 82 cents.
Full-year 2026 capital expenditures remain projected at approximately $2.5-$3 billion, with roughly 65% to 70% allocated to facilities expansion, including Phase 1 of the Arizona campus and 30% to 35% allocated to HDFO, test and other advanced packaging capacity.
Operationally, management pointed to accelerating Computing growth of nearly 30% sequentially in the third quarter, driven by AI data center demand and the continued ramp of the HDFO CPU program, partly offset by a high single-digit sequential decline in Communications tied to the planned SiP transition from Korea to Vietnam and ongoing memory supply constraints. Recently announced 10-year and multi-year strategic partnerships with TSMC and NVIDIA were highlighted as reinforcing the company's long-term advanced packaging growth trajectory.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates review.
The consensus estimate has shifted 28.11% due to these changes.
VGM ScoresAt this time, Amkor Technology has a average Growth Score of C, a score with the same score on the momentum front. Charting a somewhat similar path, the stock has a score of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Amkor Technology has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.
Canada Pension Plan Investment Board bought a new position in Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 80,300 shares of the semiconductor company’s stock, valued at approximately $6,924,000.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Amkor Technology in the 2nd quarter worth $1,060,005,000. Fisher Asset Management LLC increased its position in Amkor Technology by 204.5% during the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock valued at $82,712,000 after buying an additional 1,407,109 shares in the last quarter. UBS Group AG raised its stake in Amkor Technology by 205.5% in the fourth quarter. UBS Group AG now owns 1,254,658 shares of the semiconductor company’s stock valued at $49,534,000 after buying an additional 843,983 shares during the last quarter. Black Swift Group LLC purchased a new stake in Amkor Technology in the fourth quarter valued at about $797,000. Finally, Foster & Motley Inc. acquired a new stake in Amkor Technology in the second quarter worth about $1,944,000. 42.76% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes Several equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Weiss Ratings upgraded shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. UBS Group raised shares of Amkor Technology from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $90.00 in a research report on Friday, July 24th. Morgan Stanley upped their price target on shares of Amkor Technology from $69.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 28th. Finally, B. Riley Financial decreased their price target on shares of Amkor Technology from $75.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.
Get Our Latest Stock Analysis on AMKR Insider Buying and Selling at Amkor Technology In other news, CFO Megan Faust sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $54.45, for a total value of $54,450.00. Following the sale, the chief financial officer directly owned 135,105 shares of the company’s stock, valued at $7,356,467.25. This represents a 0.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark N. Rogers sold 5,000 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $59.78, for a total transaction of $298,900.00. Following the completion of the sale, the executive vice president directly owned 38,904 shares in the company, valued at $2,325,681.12. This trade represents a 11.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 50,221 shares of company stock worth $3,059,887. Corporate insiders own 26.40% of the company’s stock.
Amkor Technology Stock Down 7.5% Shares of AMKR stock opened at $47.88 on Friday. The stock’s 50-day simple moving average is $62.52 and its 200-day simple moving average is $61.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17. The firm has a market capitalization of $11.90 billion, a PE ratio of 21.47 and a beta of 2.24. Amkor Technology, Inc. has a fifty-two week low of $23.36 and a fifty-two week high of $96.68.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last released its earnings results on Monday, July 27th. The semiconductor company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.23. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The company’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Equities analysts expect that Amkor Technology, Inc. will post 2.6 earnings per share for the current year.
Amkor Technology Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Wednesday, September 2nd will be given a dividend of $0.0835 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.33 dividend on an annualized basis and a yield of 0.7%. Amkor Technology’s dividend payout ratio (DPR) is currently 14.80%.
(Free Report)
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.
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Amkor ve 2. čtvrtletí zvýšil tržby meziročně o 26 % díky silné poptávce po advanced packaging. Firma zároveň rozšiřuje aktivity v oblasti AI a HPC a pro 3. čtvrtletí očekává tržby 1,95 až 2,05 miliardy USD.
Key Takeaways Amkor's Q2 2026 revenues rose 26% year over year, led by advanced packaging demand.AMKR is expanding in AI and HPC via 2.5D, HDFO and co-packaged optics as its data-center CPU program ramps.Amkor's TSMC and NVIDIA partnerships support advanced-packaging capacity and AI infrastructure programs. Amkor Technology (AMKR - Free Report) is increasingly positioning advanced packaging as a key growth engine. With semiconductor architectures becoming more complex, packaging is moving closer to the critical path for system performance and value creation. This shift, combined with Amkor’s expanding technology portfolio and customer engagements, could help it strengthen its competitive position against peers such as ASE Technology (ASX - Free Report) , while its relationship with Taiwan Semiconductor (TSM - Free Report) adds another strategic dimension.
Amkor’s momentum is already evident in its financial performance. Second-quarter 2026 revenues rose 26% year over year, with growth across all end markets, led by advanced packaging demand. Advanced products generated $1.56 billion in second-quarter revenues, up from $1.23 billion a year earlier. Meanwhile, average factory utilization improved from the 50s to the 70s, supporting stronger profitability.
The company is also expanding its exposure to high-value AI and HPC applications through 2.5D, HDFO and co-packaged optics technologies. Its newest data-center CPU program began ramping in the second quarter, while Computing revenues reached a record and are expected to accelerate further on AI data-center demand and the HDFO CPU ramp.
Strategic partnerships could further reinforce this position. Amkor's 10-year agreement with TSMC and multi-year NVIDIA partnership support advanced-packaging capacity and AI infrastructure programs. Combined with its turnkey packaging-and-test capabilities and expanding U.S. and Asian footprint, these initiatives could deepen customer relationships and improve manufacturing flexibility.
Driven by demand for AI data centers, increased production of high-performance CPUs and the continued strong positioning of advanced technology platforms, management projects net sales of $1.95 billion to $2.05 billion for the third quarter of 2026. If these operations expand as anticipated, advanced packaging could become a crucial driver of revenue growth and competitive differentiation for the company.
How Competitors Stack Up Against AMKRASE Technology competes with AMKR through advanced packaging and test, including LEAP, CoWoS-related solutions and emerging panel-level packaging. ASX is expanding capacity as AI drives greater packaging complexity, while its pure-play OSAT model supports flexible collaboration. Thus, ASX directly overlaps AMKR in high-value AI and HPC packaging.
Expanding advanced packaging alongside leading-edge wafer manufacturing puts TSM in greater competition with AMKR. TSM plans to allocate 10%-20% of 2026 CapEx to advanced packaging, testing and related activities. This expansion gives TSM greater packaging capabilities, positioning TSM against AMKR in AI and HPC applications.
AMKR’s Share Price Performance, Valuation & EstimatesAMKR shares have gained 38.9% year to date, outperforming the broader Zacks Computer and Technology sector’s 16.4% growth.
AMKR’s YTD Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, AMKR trades at a forward P/E of 20.42X, higher than the industry average of 13.93X. The company carries a Value Score of C.
AMKR’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 earnings is pegged at $2.62 per share, up from the past 30 days and signaling expected year-over-year growth of 74.67%.
Image Source: Zacks Investment Research
AMKR currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Sandisk zvýšil podíl datacenter na mixu bitů na 38 % ve fiskálním roce 2026, zhruba z 12 % před rokem. Amkor hlásí rekordní tržby z výpočetní divize, meziročně o 26 % vyšší.
Key Takeaways Sandisk's AI storage exposure is expanding, with datacenter bit mix reaching 38% in fiscal 2026.Amkor's computing revenue rose 26% year over year, driven by accelerating AI and HPC packaging demand.Amkor expects third-quarter sales of $1.95-$2.05 billion as its HDFO data center CPU program ramps. The global semiconductor manufacturing equipment and materials industry is growing by leaps and bounds, buoyed by artificial intelligence (AI)-driven capital expenditure in leading-edge logic, high-bandwidth memory (“HBM”) and Test and Packaging components.
Moreover, the enormous application of AI in day-to-day life has pushed up the demand for memory chips. This has resulted in more AI semiconductor sales, implying the need for multiple AI memory chips to operate.
Here, we have selected two AI-powered infrastructure stocks that have suffered a sharp downtrend in the past month. However, their strong business model, solid estimate revisions and a favorable Zacks Rank will enable these stocks to remain on their northward trajectory.
These stocks are: Sandisk Corp. (SNDK - Free Report) and Amkor Technology Inc. (AMKR - Free Report) . Each of our picks currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The chart below shows the price performance of our two picks in the past month.
Image Source: Zacks Investment Research
Sandisk Corp.Sandisk — a leading flash and advanced memory technology innovator — has benefited from the structural shift toward AI computing, which requires significantly more NAND flash storage per deployment compared with traditional workloads.
AI training models and inference applications generate massive data volumes that demand high-performance enterprise solid-state drives, while edge devices need greater storage capacity to support on-device AI features. This creates a favorable demand environment where SNDK can command premium pricing for its advanced technology products while maintaining disciplined supply allocation.
Expansion in AI Storage ExposureSNDK has New Business Model agreements with eight Datacenter and Edge customers, with a weighted average duration above four years. Those agreements are expected to cover more than 50% of fiscal 2027 bits and roughly two-thirds of fiscal 2028 bits.
Datacenter exited fiscal 2026 at 38% of Sandisk's bit mix, up from roughly 12% a year earlier, as enterprise SSD adoption broadened. This has resulted in a shift to AI inference, where expanding models, longer context lengths and agentic AI workloads increase storage requirements. Sandisk also began revenue shipments of its QLC Stargate platform.
Strong GuidanceSNDK guided fiscal first-quarter 2027 revenues of $10.3-$10.8 billion and non-GAAP EPS of $44-$46, with growth from both higher bits and modest price increases. Non-GAAP gross margin is expected at 83-85%.
Management continues to expect margins around 80% in the near future, with upside when pricing rises. Sandisk expects the NAND market to exceed $300 billion in calendar 2026 and approach $500 billion in 2027, with customer demand growing faster than supply.
Solid Estimate RevisionsSandisk has an expected revenue and earnings growth rate of more than 100%, each, for the current year (ending June 2027). The Zacks Consensus Estimate for the current year’s earnings has improved 0.6% over the last seven days.
SNDK has an expected revenue and earnings growth rate of 15.6% and 2.3%, respectively, for the next year. The Zacks Consensus Estimate for next year’s earnings has improved 9.1% over the last seven days.
Image Source: Zacks Investment Research
Massive Price Upside PotentialThe short-term average price target of brokerage firms represents an increase of 59.6% from the last closing price of $1,344.29. The brokerage target price is currently in the range of $1,300-$3,169. This indicates a maximum upside of 135.7% and a downside of 3.3%.
Amkor Technology Inc.Amkor has been benefiting from accelerating AI and HPC packaging demand. Computing revenue was reported at a record level in the second quarter of 2026, up approximately 26% year over year, and is expected to grow nearly 30% sequentially in the third quarter of 2026 as the newest HDFO data center CPU program continues to ramp.
AMKR’s Advanced products were reported at $1.557 billion, up 26.79% year over year, reflecting a sustained mix shift toward higher value offerings. Automotive and Industrial revenue also reached a record level, supported by ADAS demand and increasing semiconductor content in next-generation vehicle platforms.
AI-Fueled GrowthManagement pointed to accelerating Computing growth of nearly 30% sequentially in the third quarter, driven by AI-powered data center demand and the continued ramp of the HDFO CPU program, partly offset by a high single-digit sequential decline in Communications tied to the planned SiP transition from Korea to Vietnam and the ongoing memory supply constraints.
Recently announced 10-year strategic partnerships with Taiwan Semiconductor Manufacturing Co. Ltd. (TSM - Free Report) and a multi-year agreement with NVIDIA Corp. (NVDA - Free Report) are reinforcing the company's long-term advanced packaging growth trajectory.
Strong Guidance For the third quarter of 2026, AMKR expects net sales of $1.95-$2.05 billion and a gross margin of 18.5-19.5%. Net income is expected to be $180-$205 million, with EPS between $0.72-$0.82.
Full-year 2026 capital expenditures are projected at approximately $2.5-$3 billion, with roughly 65% to 70% allocated to facilities expansion, including Phase 1 of the Arizona campus and 30% to 35% allocated to HDFO, test and other advanced packaging capacity.
Solid Estimate RevisionsAmkor has an expected revenue and earnings growth rate of 14% and 74.7%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 26% over the last 30 days.
AMKR has an expected revenue and earnings growth rate of 11.8% and 4.2%, respectively, for the next year. The Zacks Consensus Estimate for next year’s earnings has improved 26.4% over the last 30 days.
Image Source: Zacks Investment Research
Robust Price Upside PotentialThe short-term average price target of brokerage firms represents an increase of 34.9% from the last closing price of $55.59. The brokerage target price is currently in the range of $60-90. This indicates a maximum upside of 61.9% and no downside.
Amkor po výsledcích hospodaření klesl, ale hlavní příběh je růst marží díky AI a partnerství s NVIDIA. Slabší výhled tržeb souvisí s dočasnými faktory a přesunem výroby SiP z Jižní Koreje do Vietnamu.
Amkor’s NASDAQ: AMKR Q2 earnings release, the guidance, specifically, left the market wanting a little more, but the revenue miss isn’t the story.
Amkor Technology Today
AMKR
Amkor Technology
$46.38 -14.33 (-23.60%)
As of 11:34 AM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$21.57▼
$96.68Dividend Yield0.71%
P/E Ratio26.47
Price Target$68.13
The revenue miss was linked to one-offs, including high-bandwidth (HBM) memory shortages, which are completely out of Amkor’s control, product timing, and an internal shift aimed at unlocking higher-margin business. The real story in 2026 is how Amkor is unlocking higher margins with AI and how margins are expected to continue expanding.
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Amkor is an advanced packager, performing the complicated manufacturing steps required to complete advanced semiconductor products such as NVIDIA’s NASDAQ: NVDA AI-capable GPUs, and its services are in demand. Demand is increasing capacity utilization, improving margins at all levels, and is sufficient to drive capacity expansions as the underlying technology continues to advance. What this means for investors is significant improvement in operating leverage, cash flow, and sustainable increases in shareholder value.
Amkor’s Balance Sheet Reflects Its Strong PositionAmkor’s balance sheet gives a clear indication of its position. Q2 highlights include a 25% year-to-date increase in cash and equivalents, more than $2.5 billion in readily available liquidity, approximately zero net debt, and improving equity. Leverage is low, with long-term debt about 0.55x the equity, leaving the company in a healthy and flexible financial position, able to continue executing strategy while paying dividends. The dividends aren’t substantial, yielding approximately 0.7% as of late July, but help keep sell-side participants interested, a critical factor in 2026.
Analysts are bullish on AMKR this year. They noted soft guidance in their responses to the Q2 release but overlooked the near-term weakness in favor of long-term opportunities, including the recently announced partnership with NVIDIA, which includes $1.5 billion in prepayments intended to support Amkor’s U.S. operations and advanced-packaging expansion. A bonus at face value, the long-term implications are equally bullish, cementing Amkor as a leading provider of advanced-packaging services and critical to AI infrastructure globally.
No rating or price target changes were issued immediately after the release, leaving the trend in place. As it stands, MarketBeat data reveals 11 current ratings and steady coverage, sufficient for a moderate conviction in the consensus Moderate Buy, a 55% Buy-side bias in the data, and an uptrend in the price targets. The only bad news is that consensus offered only 15% upside relative to the pre-release closing price and the high-end limits upside to the recent highs. The caveat is that this market is still in discovery mode with clear tailwinds to drive it; a move to new highs is likely and also indicated by the charts.
Amkor’s Market Is Amid a Secular ShiftAmkor’s summer price action isn’t particularly bullish, with the market correcting from an early-year peak prior to the release, but investors shouldn’t focus too much on the correction. Amkor’s business is amid a secular change, from legacy demand to AI-critical demand, and this shift is reflected in the long-term price action. The monthly chart shows AMKR blasting through its DotCom-era resistance with increasing volume and a MACD convergence.
These signals suggest an inflection point was crossed and bring robust targets into play. The base case is an advance equal to the range preceding the breakout, a move that can add $60 to the breakout point. In this scenario, AMKR’s price action can move up to the $120 level within the next few quarters, and it will likely move higher. Other tech names that have crossed the comparable threshold went on to rise by several hundred basis points.
What the market gets wrong is that Amkor isn’t a legacy manufacturer anymore. Amkor Technology is a high-tech bottleneck in the AI buildout, critical to unleashing capacity. Without it, NVIDIA’s ability to supply GPUs is curtailed, and along with it the remainder of the industry. The deal with NVIDIA deepens its moat, providing a multiyear runway of non-dilutive, no-interest capital to fund its expansion plans. In this scenario, Amkor Technology’s stock price deserves a premium, and there is yet to be one priced into the market.
Amkor’s biggest risk this year is migrating its SiP production from South Korea to Vietnam. The disruption was seen in the Q3 guidance, which included weaker-than-expected revenue growth, but also in the margin. The shift opens capacity for higher-margin manufacturing at the South Korean facility, aiding the outlook for sequential margin improvement. As it stands, gross margin increased by 400 basis points (bps) year over year in Q2 and is expected to continue widening in Q3 and through year’s end.
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Amkor Technology, Inc. (AMKR) Q2 2026 Earnings Call July 27, 2026 5:00 PM EDT
Company Participants
Jennifer Jue - Vice President of Investor Relations & Finance
Kevin Engel - CEO, President & Director
Megan Faust - Executive VP, CFO & Treasurer
Conference Call Participants
Randy Abrams - UBS Investment Bank, Research Division
Craig Ellis - B. Riley Securities, Inc., Research Division
Benjamin Reitzes - Melius Research LLC
Denis Pyatchanin - Needham & Company, LLC, Research Division
Steve Barger - KeyBanc Capital Markets Inc., Research Division
Presentation
Operator
Good day, ladies and gentlemen, and welcome to the Amkor Technology Second Quarter 2026 Earnings Conference Call. My name is Diego, and I will be your conference facilitator today. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the call over to Jennifer Jue, Head of Investor Relations. Ms. Jue, please go ahead.
Jennifer Jue
Vice President of Investor Relations & Finance
Good afternoon, and welcome to Amkor's Second Quarter 2026 Earnings Conference Call. Joining me today are CEO Kevin Engel and CFO Megan Faust. Our earnings press release was filed with the SEC this afternoon and is available on the Investor Relations page of our website along with the presentation slides that accompany today's call. During this presentation, we will use non-GAAP financial measures, and you can find reconciliation to the comparable GAAP financial measures in the slides. We will make forward-looking statements today based on our current beliefs, assumptions, and expectations. Please refer to our press release for a disclaimer on forward-looking statements and our SEC filings for a discussion on the risk factors and uncertainties that may affect our future results. I will now turn the call over to Kevin.
Kevin Engel
CEO, President & Director
Thank you, Jennifer. Good afternoon, everyone. Thank you for joining. Amkor delivered a strong quarter, achieving Second
Amkor vykázal ve 2. čtvrtletí zisk 70 centů na akcii a tržby 1,9 miliardy USD, obojí nad odhady. Firma zároveň pro 3. čtvrtletí očekává EPS 72 až 82 centů a tržby 1,95 až 2,05 miliardy USD.
AMKR stock is moving. Watch the price action here. Amkor Q2 Details Amkor reported quarterly earnings of 70 cents per share, which blew past the consensus estimate of 45 cents by 55.56%, according to Benzinga Pro data.
Quarterly revenue came in at $1.9 billion, which beat the analyst consensus estimate of $1.81 billion and was up from $1.51 billion in the same period last year.
“Amkor delivered record second quarter revenue and strong profitability, with record revenue in our Computing and Automotive & Industrial end markets,” said CEO Kevin Engel.
“During the first half of 2026, we expanded strategic partnerships across the semiconductor ecosystem, advanced key customer programs in AI and HPC, and continued the expansion of our Advanced packaging and test capacity,” Engel added.
Looking AheadAmkor expects third-quarter GAAP EPS of 72 cents to 82 cents, versus the 64 cent estimate, and expects revenue in a range of $1.95 billion to $2.05 billion, versus the $2.09 billion analyst estimate.
AMKR Stock Price Activity: According to data from Benzinga Pro, Amkor stock was up 0.66% to $61.11 in Monday’s extended trading, after falling 6.54% in regular trading.
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Amkor Technology oznámila víceletou spolupráci s Nvidií na vývoji pokročilých technologií pro balení a testování polovodičů pro AI a akcelerované výpočetní platformy. Výsledky za 2. čtvrtletí zveřejní po uzavření trhu v pondělí 27. července.
Amkor Technology, Inc. (NASDAQ:AMKR) will release its second quarter earnings report after the closing bell on Monday, July 27.
Analysts expect the Tempe, Arizona-based company to report quarterly earnings of 47 cents per share, up from 22 cents per share in the year-ago period. The consensus estimate for Amkor Technology’s quarterly revenue is $1.8 billion. It reported $1.51 billion last year, according to Benzinga Pro.
On July 23, Amkor Technology announced a multi-year partnership with Nvidia (NASDAQ:NVDA) to develop advanced semiconductor packaging and test technologies for next-generation AI and accelerated computing platforms.
Shares of Amkor Technology fell 0.6% to close at $64.96 on Friday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying AMKR stock? Here’s what analysts think:
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Fifth Third Bancorp raised its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) by 2,046.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 32,856 shares of the semiconductor company’s stock after purchasing an additional 31,325 shares during the quarter. Fifth Third Bancorp’s holdings in Amkor Technology were worth $1,479,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in AMKR. Smartleaf Asset Management LLC increased its position in shares of Amkor Technology by 180.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after buying an additional 440 shares during the period. Root Financial Partners LLC lifted its holdings in Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 262 shares during the period. IFP Advisors Inc boosted its position in Amkor Technology by 91.2% during the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 447 shares during the last quarter. State of Wyoming bought a new stake in Amkor Technology during the fourth quarter valued at $41,000. Finally, Quarry LP acquired a new stake in Amkor Technology during the 4th quarter worth about $42,000. Institutional investors own 42.76% of the company’s stock.
Key Stories Impacting Amkor Technology Here are the key news stories impacting Amkor Technology this week:
Positive Sentiment: Amkor announced a multi-year strategic partnership with NVIDIA to expand advanced semiconductor packaging and test capacity in the U.S. for AI infrastructure. NVIDIA will also provide a prepayment to help fund the expansion, and Reuters reported the deal is worth $1.5 billion, which should support revenue visibility and strengthen Amkor’s role in AI chip supply chains. Article Title Positive Sentiment: Market coverage noted the NVIDIA deal helped send Amkor shares sharply higher intraday, reflecting investor enthusiasm around the company’s exposure to AI hardware spending and long-term packaging demand. Article Title Neutral Sentiment: Despite the strategic win, a Zacks-style market recap said Amkor was still down relative to the broader market in the latest session, suggesting some profit-taking or volatility after the big move. Article Title Neutral Sentiment: Analyst sentiment has been mixed: B. Riley cut its price target to $75 and kept a neutral rating, while Zacks Research upgraded the stock to strong-buy, indicating no clear consensus on near-term upside. Article Title Insider Activity at Amkor Technology In related news, Director Guillaume Marie Jean Rutten sold 50,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $74.28, for a total value of $3,714,000.00. Following the sale, the director owned 502,558 shares in the company, valued at $37,330,008.24. This represents a 9.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Winston J. Churchill sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $78.20, for a total transaction of $391,000.00. Following the completion of the transaction, the director directly owned 28,781 shares in the company, valued at approximately $2,250,674.20. The trade was a 14.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 114,000 shares of company stock valued at $8,631,450 over the last quarter. 26.40% of the stock is currently owned by company insiders.
Analyst Ratings Changes Several research analysts have recently weighed in on AMKR shares. Melius Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Monday, April 6th. Zacks Research raised Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a report on Friday, July 17th. UBS Group reissued a “neutral” rating and issued a $80.00 price target on shares of Amkor Technology in a research note on Tuesday, May 26th. Finally, B. Riley Financial cut their price target on Amkor Technology from $90.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $68.00.
Read Our Latest Research Report on Amkor Technology
Amkor Technology Stock Performance Shares of Amkor Technology stock opened at $65.33 on Friday. Amkor Technology, Inc. has a one year low of $20.86 and a one year high of $96.68. The firm has a market capitalization of $16.19 billion, a price-to-earnings ratio of 37.33 and a beta of 2.20. The business has a 50-day simple moving average of $73.47 and a 200 day simple moving average of $60.64. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. On average, research analysts anticipate that Amkor Technology, Inc. will post 2.08 earnings per share for the current fiscal year.
Amkor Technology Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd were issued a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, June 3rd. Amkor Technology’s dividend payout ratio (DPR) is currently 18.86%.
Amkor Technology Company Profile (Free Report)
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.
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Amkor Technology uzavřela s Nvidií víceletou dohodu za 1,5 miliardy USD na rozšíření kapacity pokročilého pouzdření a testování čipů v USA. Akcie Amkor po skončení obchodování vyskočily o 17 %.
NVIDIA logo is seen in this illustration taken July 20, 2026. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
July 23 (Reuters) - Amkor Technology (AMKR.O), opens new tab said on Thursday it had entered a multi-year agreement with Nvidia (NVDA.O), opens new tab worth $1.5 billion to expand advanced semiconductor packaging and test capacity in the U.S., as the chip industry races to build out AI infrastructure.
Shares of the semiconductor packaging company jumped 17% in extended trading.
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Here are a few details on the partnership:
Under the agreement, Nvidia will make a prepayment to support the expansion of Amkor's U.S. advanced packaging operations, including capacity in Arizona.
The companies will jointly develop packaging and testing technologies for Nvidia's AI and accelerated-computing platforms, focusing on combining different types of chips in a single package.
Amkor already supplies advanced packaging for Nvidia's product portfolio, including data center processors, and the expanded deal aims to bring new packaging technologies to market as AI infrastructure demand grows.
In June, Amkor entered a 10-year partnership with TSMC (2330.TW), opens new tab, the world's largest contract chipmaker, to enhance semiconductor packaging capabilities in the United States.
Amkor is also working with Advanced Micro Devices (AMD.O), opens new tab to package the semiconductor company's chips.
Reporting by Juby Babu in Mexico City; Editing by Pooja Desai
Our Standards: The Thomson Reuters Trust Principles., opens new tab
LG Chem zahájila masovou výrobu a dodávky odstraňovačů polovodičových vrstev pro Amkor, čímž poprvé vstoupila na tento trh. Nový produkt má zkrátit dobu procesu přibližně o 50 %.
SEOUL, South Korea--(BUSINESS WIRE)--LG Chem (KRX: 051910) announced on July 16 that it has begun mass production and supply of semiconductor strippers to Amkor Technology, marking the company’s first entry into the semiconductor stripper market and accelerating its strategy to expand its semiconductor materials business.
Through our collaboration with Amkor, a world-class semiconductor packaging and testing company, we will further strengthen our competitiveness in delivering customized materials optimized for customers’ manufacturing processes.
Share Amkor Technology is a global leader in outsourced semiconductor assembly and test (OSAT), providing semiconductor packaging and testing services to leading semiconductor manufacturers worldwide.
A semiconductor stripper is a critical process material used to remove photoresist (PR) and residue remaining on semiconductor substrates after circuit patterning. As semiconductor circuits continue to shrink, residue removal performance has become increasingly important, directly affecting manufacturing yield and product reliability. As a result, stripper performance is considered a key factor in determining semiconductor quality.
LG Chem entered the semiconductor stripper market by leveraging the technological expertise and customer support capabilities it developed through its display stripper business. The company demonstrated its technology’s competitiveness by successfully passing the rigorous qualification process required by Amkor, a leading global OSAT customer, with its first semiconductor stripper product.
The stripper supplied to Amkor has been customized and optimized for the company’s new production line. Compared with existing products, it reduces the process time required to remove photoresist and process residue by approximately 50%, significantly improving manufacturing efficiency.
Demand for advanced process materials continues to grow as artificial intelligence (AI) investments and high-bandwidth memory (HBM) demand drive the expansion of advanced semiconductor packaging technologies.
Kim Dong Choon, CEO of LG Chem, said, “Through our collaboration with Amkor, a world-class semiconductor packaging and testing company, we will further strengthen our competitiveness in delivering customized materials optimized for customers’ manufacturing processes.”
Earlier this year, LG Chem announced a strategy to more than double the size of its electronics materials business. As part of this initiative, the company is expanding its semiconductor packaging materials portfolio — including copper-clad laminates (CCL), die attach films (DAF), and photo imageable dielectric (PID) — while accelerating the growth of its high-value-added electronic materials business.
Key Takeaways AMKR trades at 2.06X forward P/S versus the industry's 9.33X despite strong share gains and growth drivers.AMKR expects advanced packaging revenues to roughly triple in 2026 as AI demand lifts computing growth.Amkor Technology is expanding in Arizona to boost U.S. advanced packaging with 2028 production targeted. Amkor Technology (AMKR - Free Report) trades at a forward 12-month Price/Sales (P/S) multiple of 2.06X compared with the Zacks Electronics-Semiconductors industry average of 9.33X and the Zacks Computer & Technology sector average of 6.98X. The valuation remains cheap despite AMKR's long-term growth opportunity being supported by rising demand for advanced packaging solutions from customers, such as Apple (AAPL - Free Report) and Advanced Micro Devices (AMD - Free Report) .
AMKR’s P/S Valuation
Image Source: Zacks Investment Research
AMKR shares have climbed 67.3% year to date, well ahead of the industry's 50.3% return and the sector's 17% advance. The rally reflects rising demand for advanced packaging, fueled by increasing AI and high-performance computing investments from companies like NVIDIA (NVDA - Free Report) , alongside steady demand across the premium smartphone and automotive markets.
AMKR’s YTD Price Performance
Image Source: Zacks Investment Research
Advanced Packaging Demand Remains a Structural TailwindAMKR's growth engine remains its expanding footprint in advanced packaging, where chiplet-based architectures and high bandwidth memory integration push packaging decisions earlier into system design. AMKR remains one of the few suppliers able to execute at this level of complexity and scale across flip chip, 2.5D and High Density Fan Out (HDFO) platforms. Its HDFO bridge program with Advanced Micro Devices is expected to ramp up in 2027, while NVIDIA has validated AMKR's ability to turn complex silicon into deployable systems at volume. The HDFO platform now spans over five customers at various qualification stages, expanding AMKR's data center pipeline well beyond a single program.
This shift reflects the broader move from transistor scaling toward package-level integration for performance gains, and constrained global advanced packaging capacity supports a favorable long-term demand backdrop for AMKR.
Computing revenues rose 19% year over year in the first quarter of 2026, with AI data center strength offsetting soft personal computer demand. For the second quarter, computing revenues are expected to grow in the mid-single digits sequentially on the new data center CPU ramp, while full-year advanced packaging revenues are projected to roughly triple in 2026.
The Zacks Consensus Estimate for AMKR's 2026 earnings is pegged at $2.08 per share, indicating growth of 38.67% year over year.
Arizona Buildout Expands Addressable OpportunityAmkor Technology's $7 billion two-phase Arizona campus is set to complete the domestic advanced packaging and test flow that leading-edge wafer fabrication in the United States currently lacks. Phase 1 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. As utilization builds toward full-scale, management expects gross margin at the facility to exceed 30%, well ahead of AMKR's corporate average, with breakeven anticipated around 2029. The Advanced Micro Devices program is expected to be among the first to onshore into Arizona once qualified, giving AMKR an early foothold in domestic compute demand well ahead of full-scale production. AMKR has also secured an additional 67 acres of adjacent land, giving the company room to expand further as a potential second phase takes shape.
Smartphone and Automotive Markets Broaden AMKR’s Growth BaseAMKR's growth story extends well beyond AI and data center programs. Communications remains AMKR's largest end market, climbing 42% from a year earlier on strong premium-tier smartphone demand tied to Apple's current-generation product cycle, with continued strength expected to drive mid- to high-single-digit sequential growth in the second quarter.
Automotive and industrial revenues climbed 28% year over year in the same period, supported by rising content per vehicle as ADAS, in-car computing and electrification adoption expand and are guided to grow further in the mid-single digits sequentially. This diversification strengthens AMKR's overall positioning, complementing its expanding data center relationships with customers such as NVIDIA and giving the company multiple avenues to sustain double-digit growth across a broadening set of end markets.
ConclusionAMKR's long-term growth story remains firmly intact. Rising adoption of advanced packaging across AI and high-performance computing, expanding engagements with leading chipmakers and resilient premium smartphone demand driven by Apple provide multiple growth catalysts. Combined with the Arizona expansion and an attractive valuation relative to the industry, these factors position AMKR to deliver sustained earnings growth over the long term.
AMKR currently carries a Zacks Rank #2 (Buy). This implies that investors should start accumulating the stock at current levels. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Amkor těží z odolné poptávky po prémiových smartphonech a očekává, že tržby z komunikací ve 2. čtvrtletí vzrostou mezikvartálně o střední až vyšší jednociferné procento.
Key Takeaways Amkor is benefiting from rising semiconductor content in premium smartphones powered by on-device AI.AMKR expects Q2 communications revenues to rise mid to high single digits sequentially.Amkor sees premium smartphones, AI, HPC and automotive supporting long-term packaging demand. Amkor Technology (AMKR - Free Report) continues to draw strength from resilient premium smartphone demand, a trend that is directly benefiting its communications business. As device makers pack in more on-device AI, higher-performance application processors, upgraded camera systems, and more advanced 5G connectivity, semiconductor content per handset keeps climbing. This rising complexity is fueling demand for advanced packaging solutions, a space where Amkor is well-positioned to capture growth. The communications segment posted 42% year over year revenue growth in the first quarter of 2026, and management expects sequential growth in the mid to high single digits for the second quarter, reflecting sustained momentum across premium iOS and Android devices.
Amkor's packaging portfolio adds further weight to this opportunity. The company supports application processors, modems, RF front-end modules, memory, sensors and system-in-package solutions, giving it broad exposure across the 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. This expansion should widen Amkor's addressable market and reinforce long-term demand for its advanced packaging technologies.
Premium smartphones are expected to remain a key growth driver for Amkor, supported by its wide reach across leading smartphone platforms and differentiated packaging capabilities. Combined with expanding opportunities in AI, high-performance computing and automotive applications, this positions Amkor to sustain its growth trajectory, with premium smartphone demand set to remain a steady tailwind ahead.
How Amkor Stacks Up Against PeersAmkor is benefiting from the growing semiconductor content in premium smartphones, a trend that is also supporting peers ASE Technology (ASX - Free Report) and Taiwan Semiconductor Manufacturing Company (TSM - Free Report) .
ASE Technology continues to expand its advanced system in package and flip chip solutions to support increasingly sophisticated flagship smartphones, while Taiwan Semiconductor Manufacturing Company is scaling advanced packaging capacity for next-generation smartphone application processors. Like ASE Technology and Taiwan Semiconductor Manufacturing Company, Amkor is well positioned to benefit as smartphone manufacturers integrate more AI features, advanced processors and enhanced connectivity into premium devices. Continued investments by ASX and TSM highlight the robust demand outlook for advanced packaging in premium smartphones, reinforcing Amkor's long-term growth opportunity.
AMKR’s Share Price Performance, Valuation & EstimatesAmkor shares have surged 78.5% in the year-to-date period compared with the Zacks Electronics - Semiconductors industry’s appreciation of 50.3% and the Zacks Computer and Technology sector’s return of 17%.
AMKR’s Price Performance
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Amkor stock is trading at a forward 12-month price/sales of 2.2X compared with the industry’s 9.33X. AMKR has a Value Score of C.
AMKR’s Valuation
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The Zacks Consensus Estimate for AMKR’s second-quarter 2026 earnings is pegged at 47 cents per share, indicating growth of 113.64% year over year.
AMKR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Amkor Technology má více než tucet aktivních 2.5D zakázek a očekává, že tržby z pokročilého balení pro výpočetní techniku se v roce 2026 ztrojnásobí. V 1. čtvrtletí roku 2026 tržby vzrostly o 27 % na 1,68 mld. USD.
Key Takeaways Amkor Technology has over a dozen active 2.5D engagements with leading semiconductor customers. AMKR expects advanced packaging revenue from computing applications to triple in 2026 as programs ramp. Amkor Technology reported Q1 2026 revenue of $1.68B, up 27% year over year on AI-driven demand. Amkor Technology's (AMKR - Free Report) expanding 2.5D packaging pipeline is emerging as a key growth lever as AI and high-performance computing customers shift toward chiplet-based architectures. As semiconductor performance gains increasingly depend on package-level integration rather than transistor scaling alone, 2.5D packaging has become central to combining logic chips with high-bandwidth memory. This shift is opening durable opportunities for outsourced assembly and test providers with proven advanced packaging capabilities.
Amkor's expanding pipeline reinforces this opportunity. AMKR 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. These engagements should deepen customer relationships over multiple product generations and support a richer mix of high-value packaging content as chip complexity continues to rise.
Early financial trends are beginning to reflect the growing contribution of Amkor's 2.5D packaging portfolio. 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. Advanced packaging revenue from computing applications is expected to triple in 2026 as additional 2.5D and high-density fan-out programs ramp, supported by ongoing capacity expansion across Korea, Vietnam and Arizona.
Execution risk remains tied to customer qualification timelines, materials availability and the pace of capacity additions. However, the breadth and depth of Amkor's 2.5D pipeline suggest the platform is well positioned to underpin sustainable long-term growth rather than a single cycle of demand.
How AMKR's Rivals Stack UpAmkor competes with ASE Technology (ASX - Free Report) and Advanced Micro Devices (AMD - Free Report) in the rapidly expanding 2.5D packaging ecosystem. While ASE Technology competes directly with Amkor in outsourced semiconductor assembly and test services, Advanced Micro Devices is driving adoption of 2.5D packaging through its chiplet-based AI accelerators and EPYC processors. Compared with ASE Technology, Amkor is expanding its 2.5D engagement pipeline and manufacturing footprint to capture growing outsourced demand. As Advanced Micro Devices introduces more chiplet-based products, both ASE Technology and Amkor stand to benefit from rising demand for advanced packaging.
AMKR’s Share Price Performance, Valuation & EstimatesAmkor shares have surged 103.2% in the year to date period compared with the Zacks Electronics - Semiconductors industry’s appreciation of 59.5% and the Zacks Computer and Technology sector’s return of 18.2%.
AMKR’s Price Performance
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Amkor's stock is trading at a forward 12-month price/sales of 2.5X compared with the industry’s 10.13X. AMKR has a Value Score of C.
AMKR’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for AMKR’s second-quarter 2026 earnings is pegged at 47 cents per share, indicating growth of 113.64% year over year.
AMKR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AI zvyšuje poptávku po pokročilém čipovém balení a ASE Technology v 1. čtvrtletí vykázala rekordní tržby 112,4 mld. NT$, téměř o 30 % více. Amkor také oznámila rekordní tržby 1,68 mld. USD, o 27 % vyšší.
Key Takeaways ASE Technology and Amkor are benefiting as AI demand lifts advanced chip packaging.ASE Technology's ATM revenues hit a record NT$112.4B, rising nearly 30% in Q1 2026.Amkor posted record Q1 revenues of $1.68B, up 27%, with EPS climbing to $0.33. Artificial intelligence (AI) and high-performance computing are driving unprecedented demand for advanced semiconductor packaging, making outsourced semiconductor assembly and test (OSAT) providers increasingly important to the semiconductor value chain. ASE Technology Holding (ASX - Free Report) and Amkor Technology (AMKR - Free Report) are two global leaders benefiting from this trend, with both reporting strong first-quarter 2026 results and expanding their advanced packaging capabilities.
While both companies are well-positioned to capitalize on the AI-driven packaging cycle, differences in their growth outlook, profitability and earnings trajectory could determine which stock offers superior long-term returns. Let's dive deep and closely compare the fundamentals of the two stocks to determine which one is a better investment now.
The Case for ASE Technology StockASE Technology continues to strengthen its leadership in advanced semiconductor packaging as AI demand reshapes the industry. The company reported first-quarter 2026 revenues of NT$173.7 billion, up 17% year over year, while its Assembly, Testing and Material (ATM) business delivered record revenues of NT$112.4 billion, increasing nearly 30%. Even during a seasonally weak quarter, ATM revenues grew sequentially as demand for AI-related products remained exceptionally strong. Gross margin expanded to 20.1%, and operating income jumped 81% year over year.
AI has become ASE Technology's biggest growth engine. Management noted that AI workloads are reducing the traditional seasonality of the packaging business, with strong demand across LEAP advanced packaging, traditional advanced packaging and wirebond solutions. Computing applications continue to represent a growing portion of revenues as AI accelerators, high-bandwidth memory and advanced processors require increasingly sophisticated packaging technologies.
To support future demand, ASE Technology continues to expand LEAP capacity despite higher near-term depreciation expenses. Management expects newly installed production lines to ramp up primarily during the fourth quarter, supporting sequential margin expansion through the remainder of 2026. The company also benefits from its integrated packaging, testing and EMS operations, diversified customer base and improving factory utilization, all of which strengthen its competitive position.
The primary risks stem from elevated capital expenditures, higher depreciation during capacity expansion, foreign exchange volatility and geopolitical uncertainties. Nevertheless, these appear manageable considering the robust structural demand for AI packaging.
The Case for Amkor StockAmkor has also entered 2026 with considerable momentum. First-quarter revenues reached a record $1.68 billion, increasing 27% year over year as broad-based demand lifted every major end market. Improved factory utilization, growing advanced packaging programs and disciplined execution helped earnings per share climb to 33 cents from 9 cents a year ago.
Advanced packaging remains the centerpiece of Amkor's long-term strategy. Management continues investing heavily in HDFO, flip-chip packaging and advanced testing technologies to support AI servers and data-center processors. Several AI-focused customer programs are expected to ramp up during the second half of 2026, while the company believes advanced packaging will remain its primary long-term growth engine.
Amkor is simultaneously expanding its manufacturing footprint. Construction of its advanced packaging facility in Arizona remains on schedule, while additional manufacturing capacity in Korea will support growing AI infrastructure demand. These investments strengthen relationships with leading semiconductor customers seeking geographically diversified supply chains.
However, Amkor's investment cycle also creates challenges. The company expects capital expenditures of $2.5-$3 billion this year, which will pressure free cash flow in the near term. Export controls, geopolitical uncertainty, supply constraints involving advanced silicon and substrates, and rising material costs also remain important execution risks.
ASE Technology Leads the Performance RaceBoth stocks have significantly outperformed the broader semiconductor industry this year as investors increasingly favor AI infrastructure beneficiaries. ASE Technology shares have surged 149.8% year to date, comfortably ahead of Amkor's impressive 99.4% gain. Both stocks have substantially outperformed the Zacks Electronics-Semiconductors industry's 48.6% return, the Zacks Computer and Technology sector's 13.1% gain and the S&P 500's 7.2% advance.
ASX vs AMKR Price Performance (YTD)
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The strength extends across semiconductor infrastructure stocks. Applied Materials (AMAT - Free Report) and KLA Corporation (KLAC - Free Report) have also benefited from AI-driven semiconductor investment and advanced manufacturing demand, rising 143.9% and 104.6% YTD, respectively. However, ASE Technology has delivered the strongest stock performance among this group, highlighting investor confidence in its AI packaging growth strategy.
ASX vs AMKR: Valuation ComparisonFollowing their strong rallies, both stocks trade at premiums to the industry average. ASE Technology currently trades at 35.33X forward 12-month earnings, slightly below Amkor's 37.11X, while the Zacks Electronics-Semiconductors industry trades at 33.61X.
ASX vs AMKR Valuation (P/E F12M)
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Compared with semiconductor equipment leaders AMAT (42.78X) and KLAC (50.18X), both ASE Technology and Amkor continue to command healthy valuations as investors increasingly recognize advanced packaging as one of the fastest-growing segments of the semiconductor supply chain. Even so, ASE Technology offers the more attractive valuation of the two while also providing stronger projected earnings growth.
Analysts Continue Raising Earnings EstimatesAnalysts have become increasingly optimistic about both companies, though ASE Technology enjoys stronger long-term growth expectations.
Over the past 60 days, the Zacks Consensus Estimate for ASE Technology's 2026 earnings has increased to 84 cents per share from 77 cents. Analysts expect earnings per share (EPS) to grow 47.4% on 19.6% revenue growth this year, followed by another 73.2% earnings increase on 22.4% revenue growth in 2027.
ASX Estimate Revision Trend
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Amkor has also witnessed positive estimate revisions, with the Zacks Consensus Estimate for 2026 EPS increasing to $2.08 from $1.94 over the past 60 days. Analysts currently expect 38.7% earnings growth on 13.2% revenue growth in 2026. However, growth is projected to moderate sharply in 2027, with EPS expected to increase just 3.7% on 9% revenue growth.
AMKR Estimate Revision Trend
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ASE Technology's stronger earnings trajectory reflects its larger exposure to AI-driven advanced packaging and suggests greater operating leverage as new capacity ramps.
Which Stock Offers Better Upside?Both ASE Technology and Amkor stand to benefit from the rapid expansion of AI infrastructure, advanced chip architectures and increasing semiconductor packaging complexity. Both companies delivered impressive first-quarter results, continue investing aggressively in advanced packaging capacity and maintain strong relationships with leading semiconductor customers.
However, ASE Technology currently appears to be the stronger investment. The company offers faster revenue growth, superior margin profile, stronger AI-driven ATM momentum, a slightly lower valuation and meaningfully better long-term earnings growth expectations. Its expanding LEAP platform and improving profitability further strengthen its competitive position as AI packaging demand accelerates.
Amkor, having a favorable Zacks Rank #2 (Buy), remains a compelling long-term semiconductor packaging company with solid execution and expanding global capacity. Nevertheless, ASE Technology's stronger fundamentals and better earnings outlook give it the edge as the better chip packaging stock for investors seeking greater upside from the ongoing AI infrastructure buildout. ASE Technology currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Key Takeaways AMKR is expanding its advanced packaging footprint as AI and computing demand drive adoption.AMKR trades at a valuation discount to industry and sector peers despite its strong momentum.AMKR's Arizona expansion boosts U.S. packaging capacity and supports long-term growth prospects. Amkor Technology (AMKR - Free Report) has emerged as one of the top-performing semiconductor stocks in 2026, with shares soaring 119.7% year to date. The stock has significantly outperformed the Zacks Electronics-Semiconductors industry’s gain of 63.3% and the broader Zacks Computer & Technology sector’s return of 18.7% during the same period.
The rally has been driven by strengthening demand for advanced packaging solutions, growing exposure to artificial intelligence and high-performance computing applications and improving operating performance. AMKR has also benefited from deepening relationships with leading semiconductor companies and expanding opportunities across data center, smartphone and automotive markets.
While such substantial gains may prompt some investors to consider taking profits, recent developments suggest compelling reasons for current shareholders to maintain their positions through the second half of 2026. However, prospective investors may benefit from waiting for more attractive entry points given the current valuation levels.
AMKR Outperforms Industry and Sector
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Advanced Packaging Demand Remains a Structural TailwindAMKR's growth engine remains its expanding footprint in advanced packaging, where chiplet-based architectures and high bandwidth memory integration push packaging decisions earlier into system design. Outside of Taiwan, where Taiwan Semiconductor Manufacturing Company (TSM - Free Report) handles much of the industry's most advanced packaging work, AMKR remains one of the few suppliers able to execute at this level of complexity and scale. Its High Density Fan Out (HDFO) bridge program with Advanced Micro Devices (AMD - Free Report) is expected to ramp in 2027, initially in South Korea before onshoring to Arizona, while NVIDIA (NVDA - Free Report) has validated AMKR's ability to turn complex silicon into deployable systems at volume.
Computing revenues rose 19% year over year in the first quarter of 2026, with AI data center strength offsetting soft personal computer demand. For the second quarter, computing revenue is expected to grow in the mid single digits sequentially on the new data center CPU ramp, while full-year advanced packaging revenue is projected to roughly triple in 2026. Automotive and industrial revenue also advanced on rising ADAS and in-car computing content.
Beyond Advanced Micro Devices, the HDFO platform spans over five customers at various qualification stages, with NVIDIA's broader high-performance computing ecosystem further expanding AMKR's data center pipeline, together supporting double-digit growth across most end markets.
The Zacks Consensus Estimate for AMKR's 2026 earnings is pegged at $2.08 per share, indicating growth of 38.67% year over year
Valuation Offers a Cushion Despite the RallyDespite its strong rally, AMKR remains reasonably valued, trading at a forward 12-month price-to-sales ratio of 2.74X, well below the industry average of 9.95X and the broader sector average of 6.67X. The discount appears noteworthy considering AMKR's expanding presence across AI data centers tied to customers like NVIDIA, high-performance computing and premium smartphones. Growing demand for advanced packaging and testing services, stronger participation in next-generation semiconductor designs and a richer business mix are expected to support long-term growth. As AI adoption accelerates and semiconductor content continues to increase across servers and smartphones, AMKR is well-positioned to benefit from rising packaging complexity and higher value opportunities.
AMKR Trades at Discounted P/S Valuation
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Arizona Expansion Strengthens Long-Term Growth ProspectsAMKR's Arizona buildout strengthens its long-term growth profile, adding U.S.-based advanced packaging and test capacity as the technology becomes increasingly critical for AI and high-performance computing. AMD's new data center CPU device, slated to ramp in South Korea starting in 2027, is among the programs expected to eventually onshore into Arizona. The facility positions AMKR as one of the few large-scale outsourced assembly and test providers in the United States.
The buildout also aligns with capacity expansion by TSM and other industry players, strengthening the broader U.S. semiconductor ecosystem. Startup costs should weigh modestly on near-term profitability, but Arizona is expected to support higher value programs and lift AMKR's long-term growth and earnings potential.
ConclusionAMKR continues to benefit from strong momentum in advanced packaging, rising AI and high-performance computing demand and investments that expand its long-term growth opportunities. The company is strengthening its position in a market where packaging complexity is becoming a key differentiator relative to large-scale peers such as TSM, while maintaining a valuation discount relative to industry and sector peers. Although the stock has surged sharply year to date, the underlying growth drivers remain intact and should support business performance in the coming years.
With a Zacks Rank #3 (Hold), existing shareholders may consider maintaining their positions and participating in the company's long-term growth story, while prospective investors may wait for a more attractive entry point following the stock's sharp run-up. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
