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Amkor Technology, Inc. (AMKR) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

Amkor Technology (AMKR - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Over the past month, shares of this chip packaging and test services provider have returned -9.7%, compared to the Zacks S&P 500 composite's -0.4% change. During this period, the Zacks Electronics - Semiconductors industry, which Amkor Technology falls in, has lost 4%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

Amkor Technology is expected to post earnings of $0.79 per share for the current quarter, representing a year-over-year change of +54.9%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.6%.

For the current fiscal year, the consensus earnings estimate of $2.6 points to a change of +73.3% from the prior year. Over the last 30 days, this estimate has changed -0.5%.

For the next fiscal year, the consensus earnings estimate of $2.72 indicates a change of +4.3% from what Amkor Technology is expected to report a year ago. Over the past month, the estimate has changed -0.4%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Amkor Technology.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

For Amkor Technology, the consensus sales estimate for the current quarter of $2.02 billion indicates a year-over-year change of +1.5%. For the current and next fiscal years, $7.64 billion and $8.55 billion estimates indicate +14% and +11.8% changes, respectively.

Last Reported Results and Surprise HistoryAmkor Technology reported revenues of $1.9 billion in the last reported quarter, representing a year-over-year change of +25.6%. EPS of $0.7 for the same period compares with $0.22 a year ago.

Compared to the Zacks Consensus Estimate of $1.8 billion, the reported revenues represent a surprise of +5.25%. The EPS surprise was +48.94%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Amkor Technology is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Amkor Technology. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.

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What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.

Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.

#1 (Strong Buy) stocks have produced an unmatched +23.8% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.

With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Amkor Technology (AMKR - Free Report) Amkor Technology is a leading outsourced semiconductor assembly and test service provider (OSAT). The company packages and tests integrated circuits for customers across smartphones, data centers, artificial intelligence (AI), automotive, industrial and consumer devices. Its services span package design, wafer bump and probe, wafer back-grind, packaging, burn-in, system-level and final test and drop shipment. Amkor offers advanced packaging technologies, including High-Density Fan-Out (HDFO), 2.5D integration, advanced flip chip, fine pitch bumping, wafer-level processing and system-in-package solutions. 

AMKR is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of B.

It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 18.04; value investors should take notice.

For fiscal 2026, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.52 to $2.60 per share. AMKR boasts an average earnings surprise of +43.6%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, AMKR should be on investors' short list.

Key Takeaways Match Group's Hinge growth, Tinder reset and cash generation support its value case.Amkor's computing revenues rose 26% year over year, with third-quarter growth expected near 30%.HF Sinclair benefits from refining fundamentals, flexible assets and strong shareholder returns. September is starting with a warning for U.S. equity investors. Oil is climbing, Treasury yields are rising and expectations for the Federal Reserve’s next policy move are shifting rapidly. U.S. stock futures opened lower on Sept. 1 as rising Treasury yields and oil prices weighed on risk appetite. Brent crude climbed above $90 a barrel amid renewed Middle East tensions, while the 10-year Treasury yield moved above 4.75%, fueling concerns over inflation and the prospect of further rate hikes (Reuters, Sept. 1 article).

Rising Yields and Oil Raise September RisksThese make September a month for investors to thoroughly scrutinize where earnings growth is coming from, how much valuation depends on lower rates and whether companies can sustain cash flows in a higher-cost environment. The challenge is compounded by a slowing economy with U.S. real GDP expanding at a 1.5% annualized rate in the second quarter, down from 2.1% in the first quarter, as per the latest BEA second estimate released on Aug. 26, 2026.

Why Value Stocks Stand Out NowThis backdrop calls for shifting toward value investing. Rising borrowing costs and persistent inflation can put greater pressure on highly valued stocks, while companies with established earnings, resilient cash flows and reasonable valuations may offer greater downside protection. This makes valuation discipline increasingly important as investors assess opportunities against a backdrop of moderating economic growth and an uncertain monetary-policy outlook.

The case for value is also supported by the Fed’s policy dilemma. The central bank has kept the federal funds target range at 3.5%-3.75% while acknowledging that inflation remains elevated relative to its 2% goal, with energy-related supply shocks contributing to price pressures. Meanwhile, markets have increased expectations for a September rate hike, putting greater emphasis on the upcoming labor-market data. The August Employment Situation is scheduled for Sept. 4.

Our PicksWith the macro backdrop favoring valuation discipline, here are three value stocks that stand out now. These are Match Group (MTCH - Free Report) , Amkor Technology (AMKR - Free Report) and HF Sinclair (DINO - Free Report) .

Match Group: It has several promising growth drivers, led by Hinge, where product innovation, international expansion and additional monetization opportunities support long-term potential. The company is leveraging common technology and operating capabilities across its portfolio to improve efficiency and expand cross-selling opportunities. Tinder’s product-led reset is improving engagement trends, while planned initiatives could support future MAU and payer growth. Strong cash-generating ability also supports shareholder-friendly capital allocation through buybacks and dividends.

Match Group’s forward fiscal year 1 P/E of 9.84X compares favorably with 21.61X for the industry and 18.71X for the S&P 500. The company carries a Zacks Rank #1 (Strong Buy) and Value Score of A. Our research shows that stocks with a Style Score of A or B when combined with a Zacks Rank #1, 2 (Buy) or 3 (Hold) offer the best upside potential.

Amkor: It is a leading outsourced semiconductor assembly and test service provider (OSAT). The company packages and tests integrated circuits for customers across smartphones, data centers, artificial intelligence (AI), automotive, industrial and consumer devices. AMKR is expected to benefit from accelerating AI and HPC packaging demand. It reported record Computing revenues in the second quarter of 2026, up approximately 26% year over year.  Computing revenues are expected to grow nearly 30% sequentially in the third quarter of 2026 as the newest HDFO data center CPU program continues to ramp.

Amkor’s forward fiscal year 1 P/E of 18.19X compares favorably with 34.42X for the industry and 18.71X for the S&P 500. The company carries a Zacks Rank #1 and has a Value Score of A.

HF Sinclair:The company stands out as a value-oriented energy play with sharply improved profitability and substantial shareholder returns. HF Sinclair’s investment case is supported by favorable refining fundamentals, a flexible regional asset base and projects that can improve margin capture through the cycle. Tight product supply and low inventories are supporting gasoline and distillate economics, while the El Dorado vacuum furnace and Go-West initiatives should expand feedstock and logistics flexibility. Renewables provide another earnings stream as higher credit values, tax benefits and volumes support profitability. Cash generation, share repurchases and a higher dividend support shareholder returns.

DINO’s forward fiscal year 1 P/E of 8.57X compares favorably with 8.82X for the industry and 18.71X for the S&P 500. The company carries a Zacks Rank #1 and has a Value Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.

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.

Callan Family Office LLC purchased a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,384 shares of the semiconductor company’s stock, valued at approximately $1,154,000.

Other large investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in shares of Amkor Technology by 12.5% during the first quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 135 shares during the period. Arista Wealth Management LLC boosted its holdings in shares of Amkor Technology by 1.2% in the 2nd quarter. Arista Wealth Management LLC now owns 13,642 shares of the semiconductor company’s stock valued at $1,176,000 after buying an additional 157 shares during the period. CoreCap Advisors LLC boosted its holdings in shares of Amkor Technology by 56.4% in the 2nd quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 158 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of Amkor Technology by 2.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company’s stock valued at $387,000 after buying an additional 202 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Amkor Technology by 0.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company’s stock valued at $1,430,000 after buying an additional 218 shares during the last quarter. 42.76% of the stock is currently owned by institutional investors.

Insider Activity In other news, EVP Mark N. Rogers sold 5,000 shares of Amkor Technology stock in a transaction on Monday, August 17th. The stock was sold at an average price of $59.78, for a total transaction of $298,900.00. Following the transaction, the executive vice president directly owned 38,904 shares in the company, valued at approximately $2,325,681.12. This trade represents a 11.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas A. Alexander sold 5,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $55.81, for a total value of $279,050.00. Following the completion of the sale, the director directly owned 29,109 shares in the company, valued at $1,624,573.29. This represents a 14.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 50,221 shares of company stock worth $3,059,887 in the last quarter. 26.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In A number of equities analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Amkor Technology in a report on Tuesday, July 28th. B. Riley Financial reduced their price objective on Amkor Technology from $75.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. The Goldman Sachs Group increased their target price on Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Weiss Ratings upgraded shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Finally, UBS Group raised shares of Amkor Technology from a “neutral” rating to a “buy” rating and boosted their target price for the company from $80.00 to $90.00 in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Amkor Technology presently has a consensus rating of “Moderate Buy” and an average target price of $68.12. View Our Latest Stock Report on Amkor Technology

Amkor Technology Stock Performance AMKR stock opened at $47.90 on Tuesday. The company has a 50-day simple moving average of $65.66 and a 200 day simple moving average of $61.17. The company has a market capitalization of $11.90 billion, a P/E ratio of 21.48 and a beta of 2.24. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.50. 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, beating the consensus estimate of $0.47 by $0.23. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the company earned $0.22 EPS. Amkor Technology’s quarterly revenue was up 25.6% on a year-over-year basis. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Sell-side analysts predict that Amkor Technology, Inc. will post 2.62 earnings per share for the current fiscal year.

Amkor Technology Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Wednesday, September 2nd will be paid a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 2nd. Amkor Technology’s dividend payout ratio (DPR) is presently 14.80%.

Amkor Technology 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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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.

Key Takeaways TTMI looks better positioned than AMKR on AI-driven growth, 2026 earnings growth, backlog and margins.TTMI's Data Center and Networking sales rose 91% in Q2 and are expected to more than double in 2026.AMKR trades at 1.46X forward sales, below TTMI's 2.52X, while TTMI's stronger growth supports its premium. TTM Technologies (TTMI - Free Report) is a manufacturer of advanced interconnect products, including printed circuit boards and substrates, as well as RF and microelectronic components. Amkor Technology (AMKR - Free Report) , meanwhile, is a major outsourced semiconductor packaging and test provider, helping chipmakers integrate and validate increasingly complex devices.

The two companies share meaningful exposure to the semiconductor supply chain. Their businesses intersect across advanced interconnect technologies, substrates, packaging and high-performance computing applications, giving both a role in supporting increasingly complex electronic systems.

TTMI and AMKR are particularly worth comparing now as technology spending remains strong, especially around AI infrastructure. Evaluating their growth prospects, business durability, profitability trends and valuations can help investors determine which stock offers the more attractive opportunity today.

The Case for TTMI StockTTM Technologies' exposure to data center and networking makes it increasingly relevant to the semiconductor supply chain, as AI infrastructure requires higher-performance, high-frequency and increasingly complex interconnect solutions. This exposure is already translating into strong financial performance, as the company's second-quarter 2026 results show that Data Center and Networking represent 40% of sales and grew 91% year over year, driven by continued AI data-center buildouts.

TTMI delivered record second-quarter sales of $1 billion, up 37%, while non-GAAP EPS rose 71% to $0.99 and adjusted EBITDA margin expanded to 16.6%. Its 1.49 book-to-bill, $901 million 90-day backlog, up 81% year over year, and planned N+M asymmetrical PCB ramp provide visibility into continued growth. Management expects Data Center and Networking revenues to more than double in 2026, while approximately $600 million of N+M-related revenues are expected in the second half, with improving yields supporting margin expansion. TTM Technologies also expects 15%-20% organic revenue growth in 2027 and 2028, underscoring the potential durability of its AI-driven growth opportunity.

Customer and order visibility provide another important support. N+M already supports multiple customers, including data-center and networking customers, while TTM Technologies has more than 10 major hyperscaler and networking customers. However, investors should note that the 10 largest customers collectively represented 55% of second-quarter net sales, making customer concentration an important risk to monitor. Recent awards also strengthen TTMI's longer-term growth pipeline, including an AESA Detect-and-Avoid radar development contract and a first Golden Dome-related award supporting a $600-million-plus interconnect and integrated-electronics pipeline.

STG and ILFA should establish TTMI's European footprint and add advanced packaging, substrate, flex/rigid-flex and PCB capabilities, with the businesses expected to be moderately EBITDA-accretive. In August, TTM Technologies announced its planned $1.1-billion Epiq Solutions acquisition, adding AI-enabled SDRs, RF products and space-compute capabilities. The deal is expected to be immediately adjusted-EBITDA-margin accretive and EPS-accretive in 2028.

TTMI expects 2026 non-GAAP EPS to approach $5, above the Zacks Consensus Estimate of $4.82, which represents a 95.93% year-over-year increase. The consensus estimate has also been revised upward over the past 30 and 60 days.

Image Source: Zacks Investment Research

The Case for AMKR StockAmkor Technology is the world’s largest U.S.-headquartered outsourced semiconductor assembly and test (OSAT) provider. Its strategic position in the semiconductor supply chain is strengthening as AI and HPC workloads demand increasingly complex packaging, higher-density interconnects and greater system integration. In the second quarter of 2026, advanced products generated $1.56 billion of sales versus $1.23 billion a year earlier, while computing revenues reached a record and rose 20% sequentially, driven by data-center demand.

Long-term customer agreements and capacity expansion provide important growth visibility. Amkor Technology signed a 10-year advanced packaging agreement with TSMC to expand packaging/test capacity and strengthen the U.S. semiconductor ecosystem, while its multi-year NVIDIA partnership supports next-generation AI infrastructure. Under the NVIDIA agreement, the company will receive a $1.5-billion multi-year prepayment to support expansion of its U.S. advanced-packaging capacity. Arizona Phase I is fully committed, while expansions in Korea, Vietnam, Portugal and Taiwan should improve geographic flexibility and capacity. These investments can help Amkor Technology accommodate growing AI/HPC demand while improving supply-chain resiliency.

The strategy is already translating into stronger financial performance. Second-quarter revenues rose 26% year over year to a record $1.90 billion, while gross margin expanded to 16.8% and operating income more than doubled to $200 million. Network utilization also improved from the 50s into the 70s, with several technology platforms reaching full capacity. Management expects third-quarter 2026 sales of $1.95-$2.05 billion and gross margin of 18.5%-19.5%, suggesting continued momentum.

However, AMKR faces several challenges, including semiconductor cyclicality, customer concentration, memory-supply constraints and manufacturing-yield risks. Its capital-intensive operations also require substantial investment, with 2026 capital expenditures expected at $2.5-$3 billion. Top-10 customers accounted for 66% of second-quarter sales, while intense OSAT competition and advanced-packaging ramp risks could pressure results.

The Zacks Consensus Estimate for AMKR’s full-year 2026 earnings is pegged at $2.62 per share, with estimates revised higher over the past 30 and 60 days. The projection implies 74.67% year-over-year earnings growth, although this rate remains below TTMI’s projected growth over the same period.

Image Source: Zacks Investment Research

Stock Performance & Valuation: TTMI vs. AMKRYear to date, TTM Technologies shares have surged 77.6%, significantly outperforming Amkor Technology, which has gained 24.4%. TTMI’s stronger performance reflects robust demand for advanced printed circuit boards and engineered products supporting AI data-center infrastructure, complemented by rising aerospace and defense demand. While both companies operate across the broader semiconductor and electronics supply chains, TTMI is benefiting from stronger exposure to high-complexity, high-growth applications, positioning it for a more favorable fundamental growth trajectory in 2026.

Image Source: Zacks Investment Research

From a valuation standpoint, TTMI appears somewhat more expensive than AMKR. While TTMI carries a Zacks Value Score of D, AMKR has a more favorable Value Score of B.

Going by the price-to-sales ratio, TTMI’s shares currently trade at 2.52X forward sales, higher than 1.46X for AMKR. However, TTMI’s premium valuation can be supported by its stronger growth outlook, particularly its rising exposure to AI data-center infrastructure.

Image Source: Zacks Investment Research

TTMI Looks Better Positioned Than AMKRTTMI appears to be in a more advantageous position than AMKR, backed by robust AI-driven growth, higher projected earnings growth for 2026, a substantial order backlog, strong stock performance and improved margins. Although TTMI trades at a premium valuation, its growing involvement in the data center sector and the potential for sustained demand make it a more attractive semiconductor stock compared to AMKR.

TTM Technologies sports a Zacks Rank #1 (Strong Buy) at present, while Amkor Technology carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

BlackRock Inc. purchased a new stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,292,760 shares of the semiconductor company’s stock, valued at approximately $1,060,005,000. BlackRock Inc. owned approximately 4.95% of Amkor Technology at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AMKR. Bessemer Group Inc. boosted its stake in Amkor Technology by 12.5% in the 1st quarter. Bessemer Group Inc. now owns 1,216 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 135 shares during the period. Arista Wealth Management LLC lifted its holdings in shares of Amkor Technology by 1.2% in the second quarter. Arista Wealth Management LLC now owns 13,642 shares of the semiconductor company’s stock worth $1,176,000 after buying an additional 157 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of Amkor Technology by 56.4% during the second quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 158 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Amkor Technology by 2.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,799 shares of the semiconductor company’s stock worth $387,000 after acquiring an additional 202 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Amkor Technology by 0.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,221 shares of the semiconductor company’s stock valued at $1,430,000 after acquiring an additional 218 shares in the last quarter. 42.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amkor Technology In related news, EVP Mark N. Rogers sold 5,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $59.78, for a total value of $298,900.00. Following the completion of the transaction, the executive vice president owned 38,904 shares in the company, valued at $2,325,681.12. This trade represents a 11.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Kevin K. Engel sold 3,221 shares of Amkor Technology stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $47.00, for a total value of $151,387.00. Following the sale, the chief executive officer directly owned 9,666 shares of the company’s stock, valued at approximately $454,302. This represents a 24.99% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 50,221 shares of company stock valued at $3,059,887. Company insiders own 26.40% of the company’s stock.

Amkor Technology Trading Down 1.2% Amkor Technology stock opened at $50.26 on Friday. The stock has a 50-day moving average of $66.41 and a two-hundred day moving average of $61.06. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17. Amkor Technology, Inc. has a one year low of $23.22 and a one year high of $96.68. The stock has a market cap of $12.49 billion, a PE ratio of 22.54 and a beta of 2.24. Amkor Technology (NASDAQ:AMKR – Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.23. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 earnings per share. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, research analysts anticipate that Amkor Technology, Inc. will post 2.62 EPS for the current fiscal year.

Amkor Technology Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $0.0835 per share. This represents a $0.33 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 2nd. Amkor Technology’s payout ratio is presently 14.80%.

Wall Street Analysts Forecast Growth A number of analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Amkor Technology in a report on Tuesday, July 28th. Zacks Research upgraded Amkor Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. The Goldman Sachs Group lifted their target price on Amkor Technology from $43.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. UBS Group upgraded 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. Finally, B. Riley Financial decreased their price target on Amkor Technology from $75.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Amkor Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.12.

View Our Latest Research Report on Amkor Technology

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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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Amkor Technology (AMKR - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

Amkor Technology is one of 614 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Amkor Technology is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for AMKR's full-year earnings has moved 25.6% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, AMKR has gained about 49.4% so far this year. In comparison, Computer and Technology companies have returned an average of 19%. This shows that Amkor Technology is outperforming its peers so far this year.

Another Computer and Technology stock, which has outperformed the sector so far this year, is Advanced Energy Industries (AEIS - Free Report) . The stock has returned 57.7% year-to-date.

The consensus estimate for Advanced Energy Industries' current year EPS has increased 24.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Amkor Technology belongs to the Electronics - Semiconductors industry, a group that includes 49 individual stocks and currently sits at #41 in the Zacks Industry Rank. On average, this group has gained an average of 34.2% so far this year, meaning that AMKR is performing better in terms of year-to-date returns.

In contrast, Advanced Energy Industries falls under the Semiconductor Equipment - Wafer Fabrication industry. Currently, this industry has 2 stocks and is ranked #9. Since the beginning of the year, the industry has moved +71.4%.

Investors with an interest in Computer and Technology stocks should continue to track Amkor Technology and Advanced Energy Industries. These stocks will be looking to continue their solid performance.

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. 

Key Takeaways Lam Research is benefiting from AI-led demand for advanced memory, logic and packaging tools.Amkor's Computing revenue rose 26%, while advanced products grew 26.79% year over year. Both companies delivered strong earnings, raised growth expectations and see further AI-fueled expansion. The global semiconductor manufacturing equipment and materials industry is growing by leaps and bounds, buoyed by AI-driven capital expenditure in leading-edge logic, high-bandwidth memory (“HBM”) and Test and Packaging components. 

On July 14, SEMI reported in its Mid-Year Total Semiconductor Equipment Forecast – OEM Perspective that the market size of this industry is expected to reach a record high globally at $165.9 billion in 2026, up 23.2% year over year. The momentum is set to continue in the near term, reaching an estimated $229.5 billion globally in 2028.

Here, we recommend two stocks from this space for investment and long-term holding to significantly strengthen one’s portfolio. These companies are: Lam Research Corp. (LRCX - 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 year to date. 

Image Source: Zacks Investment Research

Lam Research Corp.Lam Research has been benefiting from accelerating semiconductor demand as AI infrastructure spending reshapes wafer fabrication requirements. LRCX entered the second half of 2026 emphasizing technology transitions across memory, logic and packaging. 

Rising process complexity is increasing demand for etch and deposition tools, while NAND conversions, advanced DRAM and larger packages expand LRCX’s served market. Customer Support is scaling through upgrades, high utilization and early adoption of Equipment Intelligence and Dextro services.

Strong Earnings ResultsLRCX delivered strong fourth-quarter fiscal 2026 earnings results with adjusted EPS and revenues easily beating the respective Zacks Consensus Estimate. NAND revenues more than doubled sequentially. DRAM contributed 23% of Systems revenues, with spending focused on wafer additions and upgrades across 1-alpha, 1-beta and 1-gamma nodes.

Non-GAAP gross margin reached 52%, up 210 basis points sequentially. Likewise, non-GAAP operating margin expanded 340 basis points sequentially to 38.4%. Cash, cash equivalents and restricted cash increased to $5.60 billion at the end of fourth-quarter 2026 from $4.77 billion in the previous quarter.

AI-Driven Growth Management said AI demand is driving new capacity investments and more complex semiconductor architectures. LRCX expects calendar 2026 wafer fab equipment spending to reach the low $150 billion range, up from the prior $140 billion outlook.

AI workloads are increasing demand for HBM, chiplets and larger packages. LRCX is a leader in TSV etch and electroplating and has shipped 510-by-515-millimeter panel systems into development programs across multiple geographies. It also plans to ship its first 310-by-310-millimeter panel tool in 2026.

Lam Research is extending production-proven foundry and logic capabilities into advanced DRAM as customers adopt smaller pitches and more complex wiring. Akara has secured strategic tool-of-record positions for difficult gate etch applications, and its installed base has doubled annually since launch. VECTOR hard mask systems can improve transistor performance and yield while lowering customer costs by more than 20% versus traditional approaches.

Solid GuidanceFor the first quarter of fiscal 2027, RCX projects revenues of $8.10 billion, plus or minus $400 million. The midpoint implies growth of more than 20% from the June quarter. The company expects non-GAAP gross margin of 52%, +/- 1%, and operating margin of 39.5%, +/- one point. Non-GAAP earnings are expected to be $2.15 per share, +/- $0.15.

Robust Estimate RevisionsLam Research has an expected revenue and earnings growth rate of 45.9% and 59%, respectively, for the current year (ending June 2027). The Zacks Consensus Estimate for the current year’s earnings has improved 17.1% over the last 30 days. 

LRCX has an expected revenue and earnings growth rate of 19.4% and 22.8%, respectively, for the next year. The Zacks Consensus Estimate for next year’s earnings has improved 20.6% over the last 30 days. 

Image Source: Zacks Investment Research

Attractive Price Upside PotentialThe stock price has soared 81.9% year to date. Despite this, LRCX currently has a forward P/E of 33.71X for the current financial year, below 38.92X of the industry. The short-term average price target of brokerage firms represents an increase of 19.7% from the last closing price of $306.40. The brokerage target price is currently in the range of $260-$500. This indicates a maximum upside of 63.2% and a downside of 15.1%. 

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. 

Strong Earnings Results Amkor delivered strong second-quarter 2026 earnings results with adjusted EPS and revenues easily beating the respective Zacks Consensus Estimate. AMKR's second-quarter 2026 revenue mix continued to skew toward higher value work.

Profitability improved sharply from the year-ago period. Adjusted gross margin expanded to 16.8%, up roughly 480 basis points year over year. Operating margin was 10.5%, up roughly 440 basis points year over year, reflecting higher factory utilization and a richer product mix.

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) and a multi-year agreement with NVIDIA Corp. (NVDA) are reinforcing the company's long-term advanced packaging growth trajectory.

Solid 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 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.

Robust 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

Huge Price Upside PotentialThe stock price has surged 40% year to date. Despite this, AMKR currently has a forward P/E of 21.12X for the current financial year, well below the industry average of 38.92X. The short-term average price target of brokerage firms represents an increase of 41.9% from the last closing price of $52.87. The brokerage target price is currently in the range of $60-90. This indicates a maximum upside of 70.2% and no downside. 

Amkor Technology is upgraded from Hold to Buy, with a fair value of $72, after demonstrating strong operational leverage and improved fundamentals. Q2 results showed record revenue of $1.90B, gross margin expansion to 16.8%, and operating margin doubling to 10.5%, validating the operating leverage thesis. Q3 guidance projects further margin gains (gross margin 18.5–19.5%) and EPS of $0.72–$0.82, signaling sustainable profitability improvements.

) investing $1.5 billion to secure their packaging and test capacity. But the stock sold off offering a great opportunity to enter this key player in the semi supply chain that is trading substantially under 2X its forward sales consensus of $8B+ (pre-earnings). Btw, I also expect next year's new consensus projection of $8.55 billion to rise substantially as we see the new orders roll in over the next two quarters.

I bought AMKR for my TAZR Trader group below $60 and again below $50 during the "Semi Rout" last month, whose overbought nature was accelerated by the dramatic collapse of leverage in the Situational Awareness fund run by the former OpenAI wunderkind Leopold Aschenbrenner.

Rather than taking an equity stake, NVIDIA structured the deal as a massive direct prepayment to fund and secure advanced packaging and testing capacity in the United States, specifically anchored at Amkor’s $7 billion manufacturing complex under construction in Peoria, Arizona -- where AMKR works closely with Taiwan Semi.

More on these relationships coming up after we learn more about AMKR.

The Oldest Niche Semi Player Most Have Never Heard Of

Amkor is a global pioneer and leader in the Outsourced Semiconductor Assembly and Test (OSAT) industry. Positioned in the back end of the semiconductor value chain, Amkor takes finished silicon wafers from foundries and converts them into fully packaged and tested microchips ready for deployment in end products. They are working directly with TSMC in Arizona and that is why the stock surge to $90 this year.

Amkor Technology originated from ANAM Industries in South Korea and Amkor Electronics in the United States, founded by Kim Hyang-Soo and his son James J. Kim in 1968 in Philadelphia. The name combines America and Korea.

Amkor created the outsourced semiconductor assembly and test (OSAT) model, allowing chip designers to send back-end work to specialized partners. After publicly debuting on NASDAQ in 1998, Amkor is now headquartered in Tempe, Arizona, operating major facilities across Asia and expanding globally.

Why NVIDIA Made the $1.5 Billion Investment

NVIDIA’s primary motivation is to eliminate the biggest operational bottleneck in AI hardware: advanced back-end packaging.

To build an AI processor (like the Hopper or Blackwell platforms), raw silicon wafers aren't enough. Thousands of components—logic GPUs, High-Bandwidth Memory (HBM), and networking chipsets—must be tightly integrated into a single, highly complex package.

Historically, packaging capacity shortages (rather than raw wafer fabrication at TSMC) have capped how many AI accelerators NVIDIA can physically ship.

Almost all advanced chip packaging has traditionally been concentrated in East Asia (Taiwan, Korea, China). By pre-funding Amkor’s US operations, NVIDIA is co-locating back-end assembly right next door to TSMC’s expanding fabs in Phoenix, creating a fully domestic end-to-end supply chain in Arizona that essentially de-risks their supply chain concentration.

By placing $1.5 billion down ahead of time, NVIDIA ensures that when Amkor’s cleanrooms come online, NVIDIA gets priority access over rivals (like AMD) who also rely on OSAT packaging capacity. This follows the strategy that Jensen Huang has used to "lock up" future supply needs in memory with SK Hynix (

) and Coherent.What Products & Technologies Are They Securing?

The prepayment is specifically earmarked to support capacity and co-develop next-generation back-end architectures for NVIDIA’s Data Center and Accelerated Computing Platforms.

NVIDIA is securing capacity for three critical technical focus areas...

Heterogeneous Integration (Chiplets): Combining separate silicon dies (e.g., central processing units, GPUs, custom logic, and I/O dies) onto a single substrate using High-Density Fan-Out (HDFO) and 2.5D/3D stacking.

High-Bandwidth Memory (HBM) Stacking: Interfacing next-generation HBM (such as HBM3e and incoming HBM4 modules) directly alongside GPU dies with high-density interconnects, allowing gigabytes of memory to sit micro-millimeters away from compute cores for ultra-low latency.

Data Center & Networking Ecosystems: Turnkey packaging and testing for NVIDIA’s high-speed scale-out platforms (including Mellanox networking chipsets, NVLink switches, and Grace CPUs).

AMKR Business Segments & Products

Amkor operates under one reportable segment (Semiconductor Packaging and Test Services), but it breaks its product offerings down into two main technological categories...

Advanced Products (Primary Growth & Revenue Engine): Includes high-density technologies such as Flip Chip, Wafer-Level Processing (WLP), System-in-Package (SiP), High-Density Fan-Out (HDFO), and 2.5D/3D advanced packaging architectures. This segment is vital for high-performance computing (HPC), AI accelerators, and modern premium smartphones.

Mainstream Products: Encompasses mature, high-volume technologies like wirebond packaging, leadframe/laminate packages, and basic final testing. While lower margin than advanced offerings, these provide steady cash flow from consumer, industrial, and legacy automotive applications.

End-Market Distribution

Amkor's revenue is diversified across at least 4 key end markets...

Communications: Smartphones and mobile infrastructure (historically its largest segment).

Automotive & Industrial: Advanced driver-assistance systems (ADAS), electric vehicle powertrains, and industrial automation.

Computing: High-performance computing, AI data centers, and PCs.

Consumer Electronics: Wearables, smart home devices, and gaming consoles.

AMKR Growth Drivers & Strategic Outlook

Amkor’s long-term expansion is anchored by several structural shifts in the semiconductor industry...

AI & High-Performance Computing (HPC): As traditional physical chip-scaling (Moore's Law) slows, advanced packaging—combining multiple chiplets into single packages has become essential for performance.

High demand for High-Density Fan-Out (HDFO) and 2.5D/3D integrations drives expanding margins in computing.

Automotive Semiconductor Expansion: Electric vehicles and autonomous systems require significantly higher chip density per vehicle. Amkor is a market leader among OSATs for automotive-grade packaging, which carries high switching costs and long, sticky product lifecycles.

Geographic Diversification & US Reshoring: To address supply chain vulnerabilities heavily concentrated in East Asia (Korea, Taiwan, China, Philippines), Amkor is expanding its global footprint. Highlights include a major advanced packaging facility in Arizona (aimed at supporting domestic US foundry capacity) and expanding production ramps in Vietnam.

Key Customers & Strategic Partners

Amkor serves a broad base of Fabless semiconductor companies, Integrated Device Manufacturers (IDMs), and foundry ecosystems.

While customer names are often subject to strict non-disclosure agreements, major ecosystem players tied to Amkor's revenue pipelines include Apple, where Amkor is a vital partner within the iOS ecosystem, providing complex System-in-Package (SiP) and advanced packaging for mobile processors, RF modules, and wearables.

Qualcomm & Broadcom are major customers in mobile, networking, and wireless communications while Infineon & Texas Instruments are key partners in automotive power modules, microcontrollers, and analog chips.

Nvidia & AMD represent key end-market exposure via advanced computing packaging ecosystems.

Amkor maintains a deeply integrated relationship with TSMC as a primary strategic partner. As TSMC expands wafer fabrication globally (such as its Arizona fabs), Amkor partners closely to provide turn-key, back-end advanced packaging and testing directly adjacent to foundry operations.

Bottom line: Buy AMKR under $60 before it goes to $90 this year.

Disclosure: I own shares of NVDA, TSM, and AMKR for the Zacks TAZR Trader portfolio.

On August 04, 2026, Amkor Technology Inc (AMKR) shares rose 9.9%, closing at $55.87. The stock has experienced significant volatility, with a 52-week range betw

A downtrend has been apparent in Amkor Technology (AMKR - Free Report) lately with too much selling pressure. The stock has declined 30.7% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.

We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.

RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.

Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.

So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefiting from the inevitable rebound.

However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.

Why a Trend Reversal is Due for AMKRThe RSI reading of 25.21 for AMKR is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand.

This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering AMKR in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 25.6% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.

Moreover, AMKR currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

The semiconductor packager is set to close lower for a fourth straight session after its guidance fails to impress Wall Street.

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.

Get Amkor Technology alerts:

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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Key Takeaways Amkor posted Q2 EPS of 70 cents on record Computing and Automotive and Industrial revenue growth.AMKR reported 25.58% higher revenue as advanced products and mainstream products both grew year over year. AMKR guided Q3 sales of $1.95B-$2.05B with 18.5-19.5% gross margin and EPS of 72-82 cents. Amkor Technology (AMKR - Free Report) 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 & MixAMKR'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's Q2 End Market 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% to 19.5%. Net income is expected to be $180 million to $205 million, with diluted EPS between 72 cents and 82 cents.

Full year 2026 capital expenditures remain projected at approximately $2.5 billion to $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.

Zacks Rank & Stocks to ConsiderAmkor currently carries a Zacks Rank #2 (Buy).

Some other top-ranked stocks in the broader Zacks Computer and Technology sector are Analog Devices (ADI - Free Report) , Applied Materials (AMAT - Free Report) and Cisco Systems (CSCO - Free Report) , each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Shares of Analog Devices have rallied 37.1% year to date. The Zacks Consensus Estimate for ADI’s fiscal 2026 earnings is pegged at $12.42 per share, up by 10 cents over the past 30 days, indicating an increase of 59.4% year over year.

Shares of Applied Materials have skyrocketed 101.1% year to date. The Zacks Consensus Estimate for AMAT’s fiscal 2026 earnings is pegged at $12.14 per share, up by 4 cents over the past 30 days, indicating a rise of 28.9% year over year.

Cisco Systems shares have surged 48.7% year to date. The Zacks Consensus Estimate for CSCO’s fiscal 2026 earnings is pegged at $4.28 per share, unchanged over the past 30 days, indicating an increase of 12.3% year over year.

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

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Amkor Technology (AMKR - Free Report) came out with quarterly earnings of $0.7 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +48.94%. A quarter ago, it was expected that this chip packaging and test services provider would post earnings of $0.23 per share when it actually produced earnings of $0.33, delivering a surprise of +43.48%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Amkor Technology, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $1.9 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 5.25%. This compares to year-ago revenues of $1.51 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Amkor Technology shares have added about 64.5% since the beginning of the year versus the S&P 500's gain of 8.3%.

What's Next for Amkor Technology?While Amkor Technology has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Amkor Technology was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.62 on $2.07 billion in revenues for the coming quarter and $2.08 on $7.59 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Semiconductors is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Synaptics (SYNA - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.

This maker of touch-screen technology is expected to post quarterly earnings of $1.21 per share in its upcoming report, which represents a year-over-year change of +19.8%. The consensus EPS estimate for the quarter has been revised 2.1% lower over the last 30 days to the current level.

Synaptics' revenues are expected to be $305 million, up 7.9% from the year-ago quarter.

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Posted by Defense World Staff on Jul 25th, 2026

Bank of New York Mellon Corp raised its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 983,987 shares of the semiconductor company’s stock after acquiring an additional 16,995 shares during the period. Bank of New York Mellon Corp owned about 0.40% of Amkor Technology worth $44,309,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc increased its stake in Amkor Technology by 91.2% in the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 447 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Amkor Technology by 180.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after buying an additional 440 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of Amkor Technology by 38.8% in the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after buying an additional 262 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Amkor Technology by 61.8% in the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 854 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Amkor Technology in the fourth quarter valued at approximately $41,000. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology News Roundup Here are the key news stories impacting Amkor Technology this week:

Positive Sentiment: Amkor announced a multi-year partnership with NVIDIA worth $1.5 billion to expand advanced semiconductor packaging and test capacity in the U.S., a significant boost to its AI-related growth outlook. Reuters article Positive Sentiment: NVIDIA will provide a prepayment to help fund the expansion, which may reduce near-term capital burden while accelerating capacity buildout for next-generation AI packaging. Business Wire article Positive Sentiment: UBS upgraded Amkor Technology from neutral to buy and set a $90 price target, signaling improved analyst confidence in the company’s upside after the NVIDIA deal. The Fly article Neutral Sentiment: Short-interest data showed no meaningful shares reported, so it does not appear to be adding a clear bearish or bullish signal for the stock right now. Neutral Sentiment: Some commentary noted that Amkor’s long-term investment case still depends on margin expansion and successful execution on advanced packaging projects, including its Arizona facility and other strategic growth initiatives. Seeking Alpha article Negative Sentiment: B. Riley Financial lowered its price target to $75, suggesting some analysts still see valuation or execution risk despite the recent rally. American Banking News article Analyst Upgrades and Downgrades AMKR has been the topic of several research analyst reports. Needham & Company LLC boosted their price objective on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a research report on Friday, July 17th. UBS Group upgraded Amkor Technology from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Friday. Zacks Research upgraded shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Finally, B. Riley Financial decreased their price objective on shares of Amkor Technology from $90.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.25.

Check Out Our Latest Stock Analysis on AMKR

Insider Buying and Selling at Amkor Technology In other news, Director Gil C. Tily sold 15,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $77.30, for a total transaction of $1,159,500.00. Following the sale, the director owned 108,806 shares in the company, valued at approximately $8,410,703.80. This trade represents a 12.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark N. Rogers sold 5,000 shares of Amkor Technology stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $86.21, for a total value of $431,050.00. Following the sale, the executive vice president directly owned 38,904 shares of the company’s stock, valued at approximately $3,353,913.84. This trade represents a 11.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 114,000 shares of company stock valued at $8,631,450 over the last quarter. Company insiders own 26.40% of the company’s stock.

Amkor Technology Price Performance Shares of NASDAQ AMKR opened at $64.96 on Friday. Amkor Technology, Inc. has a fifty-two week low of $20.86 and a fifty-two week high of $96.68. The stock has a market cap of $16.10 billion, a PE ratio of 37.12 and a beta of 2.20. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. The stock has a fifty day moving average of $73.36 and a 200-day moving average of $60.67.

Amkor Technology (NASDAQ:AMKR – Get Free Report) last released 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 company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.63 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. Amkor Technology’s revenue was up 27.5% compared to the same quarter last year. During the same period last year, the business earned $0.09 earnings per share. Equities research analysts anticipate that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.

Amkor Technology Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd were given 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 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.

Read More Five stocks we like better than Amkor Technology AMD and Cerbras Create A New Blueprint For Hardware Intel Earnings Reveal Whether the Chip Selloff Created a Buy CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test Plugging In: How Kinder Morgan Powers Up Profits Want to see what other hedge funds are holding AMKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amkor Technology, Inc. (NASDAQ:AMKR – Free Report).

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