Amkor Technology (AMKR - Free Report) ended the recent trading session at $39.01, demonstrating a -10.79% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 1.21%. Meanwhile, the Dow experienced a rise of 0.02%, and the technology-dominated Nasdaq saw a decrease of 2.6%.
Shares of the chip packaging and test services provider witnessed a loss of 17.99% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 3.87%, and the S&P 500's loss of 0.03%.
The investment community will be closely monitoring the performance of Amkor Technology in its forthcoming earnings report. The company is scheduled to release its earnings on October 26, 2026. In that report, analysts expect Amkor Technology to post earnings of $0.79 per share. This would mark year-over-year growth of 54.9%. Alongside, our most recent consensus estimate is anticipating revenue of $2.02 billion, indicating a 1.54% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.6 per share and revenue of $7.64 billion. These totals would mark changes of +73.33% and +13.95%, respectively, from last year.
Any recent changes to analyst estimates for Amkor Technology should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Amkor Technology currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Amkor Technology is presently being traded at a Forward P/E ratio of 16.8. This expresses a discount compared to the average Forward P/E of 33.5 of its industry.
Also, we should mention that AMKR has a PEG ratio of 0.54. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Electronics - Semiconductors industry currently had an average PEG ratio of 1.14 as of yesterday's close.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 160, placing it within the bottom 35% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Nvidia Just Unveiled Its Next AI Power Move. Wall Street Sees $345 Ahead Summary
Nvidia’s latest Berlin showcase highlighted faster AI factory deployments, next-generation chips and optical networking as BNP Paribas maintained its bullish outlook and $345 price target
Nvidia NVDA won support from BNP Paribas after its GTC Berlin presentations highlighted faster AI data-center deployment and optical networking plans, analyst Karl Ackerman said in a Thursday note.
The bank rates Nvidia Outperform with a $345 price target.
Ackerman said Nvidia is refining its “AI factory” systems to speed large-scale rollouts and expects its co-packaged optics plans to advance through the second half of 2026 and 2027. The company also presented Vera Rubin systems, Groq 3 LPX and Spectrum-X Photonics switches.
One focus was DSX POD, a pre-integrated AI-factory design that Nvidia says can cut deployment at a prepared site from six months to 14 days. The company is working with 17 partners to deliver the systems in early 2027.
Nvidia plans to lift substrate capacity 2.5-fold over three years with suppliers including Samsung (SSNLF) and Unimicron; a separate agreement involves Amkor (AMKR). Alphabet (GOOGL) plans to offer Google Cloud infrastructure built around Vera Rubin systems in Europe, with expansion to as many as 960,000 GPUs.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Key Takeaways ASX expects LEAP revenues to double in 2027 as AI demand drives advanced packaging growth.ASX added $2 billion to 2026 CapEx plans, while ATM gross margin is expected to exceed 30% in Q4.AMKR faces weak smartphone demand and production shifts that could weigh on communications growth. ASE Technology Holding (ASX - Free Report) and Amkor Technology (AMKR - Free Report) are both major players in the semiconductor industry, specializing in outsourced semiconductor assembly and testing. ASE Technology provides outsourced semiconductor assembly, packaging and testing services, while Amkor Technology is a major outsourced semiconductor packaging and test provider, helping chipmakers integrate and validate increasingly complex devices.
Both ASX and AMKR are well-positioned to benefit from growing demand for advanced semiconductor packaging and testing, as AI adoption, increasingly complex chip designs and rising investment in high-performance computing drive demand for specialized semiconductor solutions. However, from an investment point of view, one stock offers a more favorable outlook than the other right now. Let’s break down their fundamentals, growth prospects, market challenges and valuation to determine which stock offers a more compelling investment case.
The Case for ASX StockASE Technology is seeing strong demand for its leading-edge advanced packaging (LEAP) services as the growth of AI increases demand for more complex semiconductor packaging and testing. LEAP revenues are tracking ahead of the company’s earlier 2026 target of $3.5 billion. Management now expects to add another few hundred million dollars to this year's LEAP revenues and is targeting a doubling of LEAP revenues in 2027.
The company has clear visibility into customer demand and the capacity needed to support this growth. ASX plans to add facilities and equipment to expand LEAP capacity, with another $2 billion of CapEx added to its 2026 plans. Management said the company expects to continue making heavy investments in both advanced packaging and testing to support customer demand.
The growth is already showing up in ASX's results. In the second quarter of 2026, ATM revenues rose 36% year over year to TWD 126.1 billion. Higher LEAP volumes also helped lift ATM gross margin to 27.3% from 21.9% a year earlier. Management expects LEAP and test businesses to remain margin accretive and sees ATM gross margin moving above 30% in the fourth quarter of 2026.
Still, execution remains a key factor. ASX said its near-term growth is limited by how quickly it can install equipment and complete new facilities. ASX is working on 13 greenfield and eight brownfield projects. These projects are expected to provide capacity through 2028 and into part of 2029. However, managing so many projects at the same time might create execution risks, particularly around construction, equipment installation and meeting required timelines.
Nonetheless, strong AI-related demand, expanding capacity and higher-margin LEAP services give ASX a solid base for growth. Its target to double LEAP revenues in 2027 looks achievable, but timely capacity expansion and execution will be important for the company to meet that goal.
The Case for AMKR StockAmkor Technology is expanding its advanced packaging business to benefit from rising demand for AI data centers and high-performance computing. Semiconductor companies are increasingly relying on advanced packaging to support more complex chip designs and improve performance. AMKR is investing in its packaging and testing capabilities to meet this demand and strengthen its position in the semiconductor supply chain.
AMKR's advanced packaging business is gaining traction across several applications. The company is working on 2.5D packaging, high-density fan-out and co-packaged optics technologies. Its new data center CPU program began ramping in the second quarter of 2026 and is expected to scale further in the second half of 2026. Management expects computing revenues to increase nearly 30% sequentially in the third quarter of 2026, supported by AI data center demand and the CPU program ramp.
Strategic partnerships with Taiwan Semiconductor Manufacturing Company and NVIDIA are also expected to support AMKR's growth. The company signed a 10-year advanced packaging agreement with Taiwan Semiconductor Manufacturing Company to expand packaging and testing capacity and strengthen the U.S. semiconductor supply chain. Its multiyear partnership with NVIDIA focuses on advanced packaging and testing for next-generation AI infrastructure. Amkor is also expanding its manufacturing footprint, with construction progressing at its Arizona facility to support demand for advanced packaging and testing in the United States.
Communications remains Amkor Technology’s largest end market, but the company expects revenues from this end market to decline by a high-single-digit percentage sequentially in the third quarter of 2026. In the second quarter of 2026, Android revenues declined 20% sequentially due to memory supply constraints and weaker demand. Management expects these pressures, along with changes in customer production schedules, to limit the usual seasonal increase in smartphone-related demand during the second half of 2026.
The shift of system-in-package production from South Korea to Vietnam is adding to the near-term pressure. Although the move is intended to improve manufacturing efficiency and free up capacity in South Korea for higher-value computing products, the transition is creating temporary production and timing challenges. Management expects communications revenues to remain somewhat soft in the fourth quarter of 2026, with the impact of the transition in one application area potentially extending into the first half of 2027. This weakness could limit growth in AMKR's largest end market and partially offset momentum in AI-related computing and advanced packaging.
How do Earnings Estimates Compare for ASX & AMKR?The Zacks Consensus Estimate for ASX’s 2026 EPS is pegged at $1.27, revised up by 4 cents over the past 30 days, indicating year-over-year growth of 112.8%.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for AMKR’s 2026 EPS is pegged at $2.60, unchanged over the past 30 days, indicating year-over-year growth of 73.3%.
Image Source: Zacks Investment Research
ASX vs. AMKR: Price Performance and ValuationYear to date, shares of ASX have surged 163.4%, while AMKR shares have returned 10.8%.
ASX Vs. AMKR: YTD Price Return Performance
Image Source: Zacks Investment Research
Currently, ASX is trading at a forward 12-month P/E ratio of 22, higher than AMKR’s forward 12-month P/E multiple of 16.24. ASX’s higher valuation reflects strong investor confidence in AI-related packaging demand, putting it above AMKR in terms of valuation, reflecting the high growth expectations of the company in the long term.
ASX vs. AMKR: Forward 12-Month P/E Ratio
Image Source: Zacks Investment Research
Conclusion: Buy ASX, Hold AMKR Right NowBoth ASX and AMKR are benefiting from growing demand for advanced semiconductor packaging and testing, driven by AI and high-performance computing. However, AMKR faces near-term pressure from weaker communications demand, lower smartphone-related revenues and the shift of production from South Korea to Vietnam.
In contrast, ASE Technology is seeing strong demand for LEAP services, rising ATM margins and growing customer demand. The company is also expanding capacity to support its target of doubling LEAP revenues in 2027. Further, ASX’s valuation reflects high growth expectations, as the company remains well positioned to benefit from rising AI-driven packaging demand over the long term.
Currently, ASX sports a Zacks Rank #1 (Strong Buy), making the stock a stronger pick over AMKR, which has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Amkor Technology's AI-led computing growth and attractive valuation support a hold ahead of Q3 earnings, but Communications weakness and SiP shifts pose risks.
Wall Street analysts forecast that Amkor Technology (AMKR - Free Report) will report quarterly earnings of $0.79 per share in its upcoming release, pointing to a year-over-year increase of 54.9%. It is anticipated that revenues will amount to $2.02 billion, exhibiting an increase of 1.5% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Amkor Technology metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'End Market Distribution Data- Communications (smartphones, tablets)' reaching 36.0%. Compared to the present estimate, the company reported 51.0% in the same quarter last year.
The average prediction of analysts places 'End Market Distribution Data- Consumer (AR & gaming, connected home, home electronics, wearables)' at 15.1%. The estimate compares to the year-ago value of 14.0%.
Analysts expect 'End Market Distribution Data- Automotive, industrial and other (ADAS, electrification, infotainment, safety)' to come in at 24.4%. The estimate is in contrast to the year-ago figure of 16.0%.
It is projected by analysts that the 'End Market Distribution Data- Computing (data center, infrastructure, PC/laptop, storage)' will reach 24.4%. Compared to the present estimate, the company reported 19.0% in the same quarter last year.
View all Key Company Metrics for Amkor Technology here>>>
Shares of Amkor Technology have demonstrated returns of -23.6% over the past month compared to the Zacks S&P 500 composite's +1% change. With a Zacks Rank #3 (Hold), AMKR is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
New $1.3 billion agreement supports further expansion in South Korea, building on the companies’ recent Arizona collaboration
TEMPE, Ariz.--(BUSINESS WIRE)--Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of outsourced semiconductor packaging and test services, today announced additional investments in South Korea for capacity expansion initiatives with NVIDIA. With this latest commitment, Amkor’s multi-year agreements with NVIDIA in Arizona and South Korea total $3 billion. The initiatives support growing demand for next-generation AI and accelerated computing platforms.
“Our work with Amkor helps us scale production of current and next-generation platforms while strengthening the resilience of our global supply chain.” -Debora Shoquist, NVIDIA EVP Operations
Share Advanced packaging technologies are essential to enabling the performance, power efficiency and integration required for next-generation computing systems. The prepayments align Amkor's manufacturing capacity with NVIDIA’s long-term growth plans and support increasing demand for advanced packaging solutions.
“Our partnership with NVIDIA underscores the critical role advanced packaging plays in enabling next-generation AI platforms,” said Kevin Engel, president and chief executive officer of Amkor Technology. “These investments build on our global manufacturing footprint and strengthen our ability to support customers through our operations in both the United States and South Korea.”
“Growing demand for accelerated computing is increasing the need for advanced packaging capacity,” said Debora Shoquist, executive vice president, operations of NVIDIA. “Our work with Amkor helps us scale production of current and next-generation platforms while strengthening the resilience of our global supply chain.”
This collaboration further strengthens Amkor’s role as a strategic manufacturing partner for NVIDIA and reinforces the companies’ shared commitment to supporting the continued expansion of AI infrastructure.
Amkor will also exhibit at NVIDIA GTC Washington, D.C. from Nov. 30 - Dec. 3, where the company will showcase its advanced packaging and test capabilities and engage with customers, policymakers and industry leaders.
About Amkor Technology, Inc.
Amkor Technology, Inc. (Nasdaq: AMKR) is the world’s largest U.S. headquartered OSAT and is a global leader in outsourced semiconductor packaging and test services. With a strong track record of innovation, a broad and diverse geographic footprint and solid partnerships with lead customers, Amkor delivers high-quality solutions that enable the world’s leading semiconductor and electronics companies to bring advanced technologies to market. The company’s comprehensive portfolio includes advanced packaging, wafer-level processing, and system-in-package solutions targeting applications for smartphones, data centers, artificial intelligence, automobiles and wearables. For more information visit amkor.com.
Amkor Technology, Inc. Forward-Looking Statement Disclaimer
This press release contains forward-looking statements within the meaning of the federal securities laws, including statements about the demand for and expansion of advanced packaging capacity in the United States and South Korea, demand for next-generation AI and accelerated computing platforms, planned investments, construction timing, and long-term technology roadmaps. You are cautioned not to place undue reliance on forward-looking statements. All forward-looking statements in this press release are made based on our current expectations, forecasts, estimates, and assumptions. Because such statements include risks and uncertainties, actual results may differ materially from those anticipated in such forward-looking statements. Risk factors that could affect the outcome of the events set forth in these statements include, but are not limited to, that there can be no assurance that the Arizona campus will be built on the timeline, at the cost or to the specifications expected or at all or that the campus will generate sales or other benefits of the type or amount expected or at all and other factors discussed in the company’s reports filed with or furnished to the Securities and Exchange Commission. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement. We assume no obligation to review or update any forward-looking statements to reflect events or circumstances occurring after the date of this press release except as may be required by applicable law.
Key Takeaways Amkor's Computing revenues hit a Q2 record, rising 20% sequentially and 23% year over year on AI demand.Amkor targets four 2.5D and four HDFO product launches in 2026, alongside TSMC and NVIDIA partnerships.Amkor's gross margin rose to 16.8%, but $2.5B-$3B in 2026 capex and Arizona ramp risks may pressure margins.
Amkor Technology (AMKR - Free Report) is benefiting from accelerating AI and data center investments, driving demand for its advanced semiconductor packaging and test solutions. Computing revenues reached a quarterly record in the second quarter of 2026, increasing 20% sequentially and 23% year over year. Management projected nearly 30% sequential Computing revenue growth in the third quarter, supported by AI infrastructure demand and its high-density fan-out (HDFO) data center CPU ramp.
The opportunity extends beyond one program. Amkor has active engagements across 2.5D integration, HDFO and emerging co-packaged optics technologies. Management highlighted 11 customers across 2.5D programs and five HDFO customers with 10 active engagements, targeting four product launches in each category during 2026. Its 10-year advanced packaging agreement with TSMC and multi-year NVIDIA partnership strengthen technology collaboration and long-term growth opportunities.
Improving manufacturing efficiency provides another advantage. Gross margin expanded to 16.8% from 12% a year earlier, supported by higher factory utilization. Meanwhile, manufacturing expansions in Arizona and Korea should strengthen its ability to support future AI and high-performance computing demand.
However, substantial capital requirements, semiconductor cyclicality and manufacturing execution risks remain challenges. Amkor expects 2026 capital expenditures of $2.5 billion to $3 billion, while underutilized Arizona capacity could pressure margins during its initial ramp.
Accelerating AI demand, expanding customer programs and strategic partnerships position Amkor to sustain advanced packaging growth, but successful capacity ramps and consistent utilization will be essential to sustaining momentum.
How Are AMKR’s Advanced Packaging Rivals Positioned?Intel Corporation (INTC - Free Report) competes in advanced AI packaging through its Foundry business, offering EMIB silicon bridges, Foveros 3D stacking and EMIB-T technology. Intel operates advanced packaging facilities in New Mexico, supporting high-density chiplet integration for demanding data center workloads. By combining semiconductor fabrication with advanced assembly and testing capabilities, Intel offers an integrated manufacturing alternative that could challenge Amkor's position in complex AI packaging.
GlobalFoundries (GFS - Free Report) is expanding its presence in the advanced packaging ecosystem through silicon interposer manufacturing. In October 2026, GlobalFoundries announced a five-year, $2 billion agreement with TSMC to manufacture silicon interposers for its CoWoS advanced packaging ecosystem. With production expected to ramp in the first half of 2028, GlobalFoundries could strengthen competition for advanced packaging opportunities, although its interposer manufacturing role differs from Amkor's assembly-and-test services.
AMKR’s Share Price Performance, Valuation & EstimatesAMKR’s shares are up 6.5% year to date, underperforming the broader Zacks Computer and Technology sector’s 15.8% growth.
AMKR’s YTD Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, AMKR trades at a forward 12-month P/E of 15.56X, higher than the industry average of 11.36X. The company carries a Value Score of A.
AMKR’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 earnings is pegged at $2.60 per share, unchanged over the past 30 days, implying 73.3% year-over-year growth.
Image Source: Zacks Investment Research
AMKR stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recently, Zacks.com users have been paying close attention to Amkor Technology (AMKR). This makes it worthwhile to examine what the stock has in store.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
In the latest close session, Amkor Technology (AMKR - Free Report) was down 2.06% at $48.11. The stock's change was less than the S&P 500's daily loss of 0.06%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, lost 0.44%.
Coming into today, shares of the chip packaging and test services provider had lost 5.05% in the past month. In that same time, the Computer and Technology sector gained 4.85%, while the S&P 500 gained 2.36%.
Investors will be eagerly watching for the performance of Amkor Technology in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 26, 2026. On that day, Amkor Technology is projected to report earnings of $0.79 per share, which would represent year-over-year growth of 54.9%. Simultaneously, our latest consensus estimate expects the revenue to be $2.02 billion, showing a 1.54% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.6 per share and a revenue of $7.64 billion, representing changes of +73.33% and +13.95%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Amkor Technology. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Amkor Technology is currently a Zacks Rank #3 (Hold).
In terms of valuation, Amkor Technology is currently trading at a Forward P/E ratio of 18.87. For comparison, its industry has an average Forward P/E of 38.22, which means Amkor Technology is trading at a discount to the group.
We can also see that AMKR currently has a PEG ratio of 0.6. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Electronics - Semiconductors industry stood at 1.26 at the close of the market yesterday.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 94, finds itself in the top 39% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Key Takeaways Amkor expects 2026 CapEx of $2.5-$3B, targeting Arizona, HDFO, test and advanced packaging capacity.Q2 revenues rose 26% to $1.90B as utilization climbed into the 70s and gross margin expanded to 16.8%.New capacity adds depreciation and fixed costs, while limited backlog raises execution and utilization risks. Amkor Technology (AMKR - Free Report) is sharply increasing capital spending to capture growth in advanced packaging, AI and data-center applications, but the higher investment also raises execution and utilization risks. The company spent $688.4 million on capital expenditures in the first half of 2026, up from $226.1 million a year earlier, and expects full-year 2026 CapEx of $2.5-$3 billion. Most spending is targeted at facility expansion, including Arizona, while the remainder is directed toward HDFO, test and other advanced packaging capacity.
The investment is supported by improving demand. Second-quarter revenues rose 26% year over year to $1.90 billion, while gross margin expanded to 16.8% from 12%. Factory utilization improved from the 50s into the 70s, highlighting the operating leverage available as capacity fills. Computing revenues reached a record, increasing 20% sequentially, and are expected to accelerate to nearly 30% in the third quarter, driven by AI data center demand and the HDFO CPU ramp.
However, Amkor’s capital-intensive model carries risks. New capacity adds depreciation and fixed costs, while the company generally has limited backlog and sometimes invests without firm customer commitments. Customer-specific equipment may also be difficult to reuse if demand weakens. As of June 30, Amkor also had $2.5 billion of debt and $1.47 billion of purchase obligations, adding to its financial commitments.
Amkor’s strong revenue growth and improving utilization support its increased capital spending. The Zacks Consensus Estimate projects 2026 and 2027 revenues of $7.64 billion and $8.55 billion, respectively, suggesting continued growth. This outlook supports Amkor’s expansion, although its success will ultimately depend on sustained demand and high utilization of the new capacity.
Are AMKR's Rivals Catching Up in Advanced Packaging?Intel Corporation (INTC - Free Report) is stepping up advanced-packaging investment as AI demand expands, directly intensifying competition with AMKR. INTC raised 2026 CapEx above $20 billion and said packaging is included, while EMIB-T has a growing backlog and is targeted for high-volume customer ramps in 2027. With INTC also building wafer and packaging capacity, it gives AMKR a formidable capital-backed rival.
GlobalFoundries (GFS - Free Report) is expanding capacity around silicon photonics and advanced packaging for AI data centers, putting GFS into closer competition with AMKR as packaging demand rises. GFS expects 2026 CapEx at the high end of its 15%-20% range, with capacity investment a key driver. Its SCALE platform targets near-packaged and co-packaged, while GFS expands packaging capability and capacity.
AMKR’s Share Price Performance, Valuation & EstimatesAMKR’s shares have gained 35.2% year to date, outperforming the broader Zacks Computer and Technology sector’s 25.6% growth.
AMKR’s YTD Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, AMKR trades at a forward 12-month P/S of 1.59X, lower than the industry average of 5.26X. The company carries a Value Score of B.
AMKR’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 earnings is pegged at $2.60 per share, unchanged over the past 30 days, implying 73.3% year-over-year growth.
Image Source: Zacks Investment Research
AMKR stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Amkor Technology (AMKR - Free Report) closed the most recent trading day at $53.39, moving -2.27% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.58%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 0.45%.
Coming into today, shares of the chip packaging and test services provider had gained 14.36% in the past month. In that same time, the Computer and Technology sector gained 6.31%, while the S&P 500 gained 0.84%.
Investors will be eagerly watching for the performance of Amkor Technology in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 26, 2026. It is anticipated that the company will report an EPS of $0.79, marking a 54.9% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $2.02 billion, indicating a 1.54% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.6 per share and a revenue of $7.64 billion, representing changes of +73.33% and +13.95%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Amkor Technology. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Amkor Technology is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Amkor Technology currently has a Forward P/E ratio of 20.99. This expresses a discount compared to the average Forward P/E of 40.25 of its industry.
It's also important to note that AMKR currently trades at a PEG ratio of 0.67. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Electronics - Semiconductors industry had an average PEG ratio of 1.37 as trading concluded yesterday.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 108, placing it within the top 44% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Amkor Technology (AMKR - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this chip packaging and test services provider have returned +14.4%, compared to the Zacks S&P 500 composite's +0.8% change. During this period, the Zacks Electronics - Semiconductors industry, which Amkor Technology falls in, has gained 9.3%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
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 remained unchanged.
The consensus earnings estimate of $2.6 for the current fiscal year indicates a year-over-year change of +73.3%. This estimate has remained unchanged over the last 30 days.
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 remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Amkor Technology is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Amkor Technology, the consensus sales estimate of $2.02 billion for the current quarter points to a year-over-year change of +1.5%. The $7.64 billion and $8.55 billion estimates for the current and next fiscal years indicate changes of +14% and +11.8%, 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.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty 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.
Bottom LineThe 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 #3 does suggest that it may perform in line with the broader market in the near term.
Amkor Technology (AMKR - Free Report) closed the most recent trading day at $54.68, moving -2.39% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.66%. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 1.05%.
Prior to today's trading, shares of the chip packaging and test services provider had gained 17.27% outpaced the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Amkor Technology in its upcoming release. On that day, Amkor Technology is projected to report earnings of $0.79 per share, which would represent year-over-year growth of 54.9%. Our most recent consensus estimate is calling for quarterly revenue of $2.02 billion, up 1.54% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.6 per share and revenue of $7.64 billion, indicating changes of +73.33% and +13.95%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Amkor Technology. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Amkor Technology is currently a Zacks Rank #3 (Hold).
With respect to valuation, Amkor Technology is currently being traded at a Forward P/E ratio of 21.52. This expresses a discount compared to the average Forward P/E of 39.71 of its industry.
It is also worth noting that AMKR currently has a PEG ratio of 0.69. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Electronics - Semiconductors industry had an average PEG ratio of 1.35 as trading concluded yesterday.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 72, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Amkor Technology (AMKR - Free Report) ended the recent trading session at $54.14, demonstrating a +1.81% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
The chip packaging and test services provider's shares have seen an increase of 12.43% over the last month, surpassing the Computer and Technology sector's gain of 3.58% and the S&P 500's loss of 0.24%.
The upcoming earnings release of Amkor Technology will be of great interest to investors. The company is predicted to post an EPS of $0.79, indicating a 54.9% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $2.02 billion, reflecting a 1.54% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.6 per share and a revenue of $7.64 billion, signifying shifts of +73.33% and +13.95%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Amkor Technology. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Amkor Technology possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Amkor Technology is currently exchanging hands at a Forward P/E ratio of 20.43. For comparison, its industry has an average Forward P/E of 37.67, which means Amkor Technology is trading at a discount to the group.
It's also important to note that AMKR currently trades at a PEG ratio of 0.65. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 1.25 based on yesterday's closing prices.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 59, placing it within the top 24% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Key Takeaways Amkor emerges as the better pick, backed by greater scale, diversification, valuation and earnings outlook.AXTI's InP revenues hit a record $30.7M, with backlog above $100M and demand outpacing supply.AMKR posted record Q2 revenues of $1.9B, up 26%, as gross margin rose to 16.8%. Amkor Technology (AMKR - Free Report) is a major outsourced semiconductor assembly and test provider, offering advanced packaging solutions for AI, high-performance computing, automotive and communications markets. AXT, Inc. (AXTI - Free Report) manufactures compound-semiconductor substrates, including indium phosphide and gallium arsenide, which are used in optical communications and other high-performance applications.
Although the companies serve different parts of the semiconductor supply chain, both are benefiting from rising investment in AI infrastructure. Amkor recently reported record second-quarter 2026 revenues and is expanding its advanced-packaging capacity, while AXT posted record quarterly indium phosphide revenues amid strong data-center optical demand. These developments make AMKR and AXTI an interesting comparison for investors seeking exposure to semiconductor and AI-infrastructure growth.
But which stock offers greater upside potential today? Let’s compare the companies’ recent performance, growth opportunities and key risks to see how AMKR and AXTI stack up.
The Case for AMKR StockAmkor offers exposure to the semiconductor supply chain through outsourced semiconductor packaging and test (OSAT), with advanced packaging becoming increasingly important as AI and high-performance computing (HPC) chips grow more complex. The company’s second-quarter 2026 results showed this opportunity gaining traction: revenues reached a record $1.9 billion, up 26% year over year, while gross margin expanded to 16.8% from 12% and net income attributable to Amkor rose to $174 million from $54 million.
Growth prospects are increasingly tied to AI/HPC and advanced packaging. Amkor has active programs spanning 2.5D, high-density fan-out and co-packaged optics, while a new data-center CPU program began ramping in the second quarter and is expected to scale through the second half. Computing revenues rose 20% sequentially in the second quarter and were expected to increase nearly 30% sequentially in the third quarter, driven by AI data-center demand and the HDFO CPU ramp. Automotive & Industrial revenues advanced 17% sequentially, with ADAS the primary growth driver.
Strategic customer agreements strengthen the opportunity. A 10-year advanced-packaging agreement with TSMC is designed to expand U.S. packaging and test capacity, while a multi-year NVIDIA partnership targets next-generation AI infrastructure. Amkor expects a $1.5 billion NVIDIA-related customer prepayment in 2027, with services expected to extend roughly five to 10 years. Its Arizona facility is intended to provide high-volume advanced packaging and test capacity in the United States, while expansions in Korea, Vietnam, Portugal and Taiwan increase geographic flexibility.
However, investors should weigh these opportunities against Amkor’s semiconductor cyclicality, heavy capital requirements, customer concentration, supply-chain and memory constraints, intense OSAT competition and dependence on sustained AI/HPC packaging demand. The company spent $688 million on capital expenditures in the first half and expects $2.5-$3 billion for 2026. Therefore, a slowdown in AI infrastructure investment could lead to excess capacity, lower utilization and pricing pressure.
The Case for AXTI StockAXT is benefiting from strong demand for compound-semiconductor substrates as AI data centers increase their use of high-speed optical connectivity. In the second quarter of 2026, revenues surged 164.8% year over year to $47.6 million, while GAAP gross margin expanded to 44.9% from 8% and GAAP net income reached $11.1 million, versus a $7 million loss a year earlier. Substrate revenues rose 232.7% to $37.6 million, driven primarily by InP demand for data centers and passive optical networks.
The strongest opportunity is indium phosphide (InP), which is emerging as the company's primary growth driver. Second-quarter InP revenues reached a record $30.7 million, while backlog exceeded $100 million. Management said customer demand continues to outpace supply and expects InP revenue opportunity to more than triple by year-end 2026. AXT is doubling InP capacity in 2026, plans another major expansion in 2027 and is progressing toward 6-inch InP substrates, which can support higher-value applications. Demand is being driven by 800G/1.6T transceivers and longer-term co-packaged optics.
AXT has recently deepened relationships with key optical-component customers supporting AI data-center connectivity. It has secured supply agreements with Casela and Coherent and a long-term capacity reservation agreement with Lumentum. These agreements provide greater revenue visibility, validate strong customer demand and support AXT’s capacity expansion.
Despite AXT's strong growth prospects, its outlook remains exposed to several operational and geopolitical risks. The company manufactures its wafer substrates in China, making its business vulnerable to changing export controls, tariffs and trade restrictions. Notably, China's export-permit requirement for InP wafers remains a significant concern and can affect the timing of shipments and revenue recognition. AXT also faces semiconductor demand cyclicality, customer order volatility and the risk that major customers reduce, delay or cancel orders. In addition, maintaining high wafer yields and meeting stringent customer specifications are critical, as quality issues can lead to product returns, lower orders and higher manufacturing costs.
How Does the Zacks Consensus Estimate Compare for AMKR & AXTI?The Zacks Consensus Estimate for AMKR’s 2026 and 2027 revenues stands at $7.64 billion and $8.55 billion, respectively, giving Amkor a significantly larger revenue base than AXT. The consensus mark for AMKR’s 2026 and 2027 earnings is pegged at $2.60 and $2.72 per share, implying growth of 73.3% and 4.3%, respectively. The earnings estimates have remained stable over the past seven days.
Image Source: Zacks Investment Research
In comparison, the Zacks Consensus Estimate for AXTI’s 2026 and 2027 revenues stands at $217.6 million and $453.6 million, respectively. The consensus mark for AXTI’s 2026 and 2027 earnings is pegged at 86 cents and $2.20 per share, indicating 309.8% and 155.8% growth, respectively. AXTI’s earnings estimates have also remained unchanged over the past seven days.
Image Source: Zacks Investment Research
AMKR vs. AXTI: Price Performance & Valuation CheckAMKR has outpaced AXTI over the past month, with its shares gaining 9.8% compared with a 7.7% rise for AXTI, reflecting stronger recent momentum.
AMKR and AXTI Stock’s Performance
Image Source: Zacks Investment Research
From a valuation perspective, AMKR appears more attractively valued than AXTI. Amkor carries a more favorable Zacks Value Score of B, compared with AXTI’s value score of F. AMKR also trades at a forward 12-month price-to-sales ratio of 1.6X, significantly below AXTI’s 12.26X.
AMKR and AXTI Valuation
Image Source: Zacks Investment Research
Final TakeAmkor and AXT are both positioned to benefit from growing AI infrastructure spending, with AMKR benefiting from advanced packaging demand and AXTI from strong InP substrate demand for optical connectivity. AMKR’s growth is supported by expanding AI/HPC packaging programs, strategic partnerships and capacity expansion across key manufacturing locations. AXTI, meanwhile, has a strong InP growth opportunity, supported by record revenues, a growing backlog and capacity expansion plans, but remains more exposed to external factors, including geopolitical and customer-related risks.
However, Amkor’s stronger revenue scale, more diversified business, favorable valuation and solid earnings outlook make it a better pick for investors than AXTI, though both stocks sport a Zacks Rank #1 (Strong Buy) at present.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Key Takeaways Amkor Technology sees AI and HPC packaging demand drive record Computing revenue and growth. Ciena's cloud revenues surged 82%, while backlog reached $8.5 billion on AI-driven connectivity demand. TTM Technologies' Data Center and Networking revenues jumped 91% as AI and defense demand strengthened. The artificial intelligence (AI) frenzy remains intact as the AI infrastructure space remains rock solid, supported by an extremely bullish demand scenario. U.S. stock markets maintained their northward journey in 2026 after an astonishing rally over the past three years. The strong performance was primarily driven by a rejuvenated AI trade.
Here, we have identified three Zacks top-ranked AI-infrastructure stocks that have provided more than 35% returns year to date. However, these stocks are currently trading at more than a 35% discount to their 52-week high prices.
At this stage, investment in these stocks should be prudent in the rest of 2026 and beyond. These are: Amkor Technology Inc. (AMKR - Free Report) , Ciena Corp. (CIEN - Free Report) and TTM Technologies Inc. (TTMI - 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
Amkor Technology Inc.Amkor has been benefiting from accelerating AI and HPC packaging demand. Computing revenues were reported at a record level in the second quarter of 2026, up approximately 26% year over year.
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.
Robust Estimate RevisionsAmkor has an expected revenue and earnings growth rate of 14% and 73.3%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 25% over the last 60 days.
AMKR has an expected revenue and earnings growth rate of 11.8% and 4.3%, respectively, for the next year. The Zacks Consensus Estimate for next year’s earnings has improved 25.9% over the last 60 days.
Image Source: Zacks Investment Research
Huge Price Upside PotentialThe stock price has rallied 38.3% year to date. Despite this, AMKR is currently trading at a 43.5% discount to its 52-week high price. The short-term average price target of brokerage firms represents an increase of 34% from the last closing price of $54.59. The brokerage target price is currently in the range of $60-90. This indicates a maximum upside of 64.9% and no downside.
Ciena Corp.Ciena is well poised to benefit from accelerating AI-driven optical demand, led by a growing backlog, customer commitments extending through 2029 and new supply agreements that strengthen its multiyear growth outlook. Outlook is strengthening as AI-driven bandwidth demand expands across WAN, AI-WAN and data center connectivity.
Data Center Connectivity OpportunityCIEN’s revenues are primarily generated from packet optical transport, switching products, integrated networks and software platforms. CIEN continues to diversify its footprint in data center connectivity and AI networking infrastructure.
In the fiscal third quarter, direct cloud provider revenue rose 82% year over year and represented 53% of sales, while interconnects more than doubled. Fiscal third-quarter 2026 backlog rose to $8.5 billion and is expected to exceed $10 billion at the year-end. Fiscal 2026 revenue guidance increased to $6.42 billion. For fiscal 2027, revenues are projected to grow at least 30% to $8.3-$8.4 billion, reinforcing the multiyear demand outlook.
Robust Estimate RevisionsCiena has an expected revenue and earnings growth rate of 34.6% and more than 100%, respectively, for the current year (ending October 2026). The Zacks Consensus Estimate for the current year’s earnings has improved 3.4% over the last 30 days.
CIEN has an expected revenue and earnings growth rate of 30.1% and 60.2%, respectively, for the next year. The Zacks Consensus Estimate for next year’s earnings has improved 0.2% over the last seven days.
Image Source: Zacks Investment Research
Huge Price Upside PotentialThe stock price has rallied 57.6% year to date. Despite this, CIEN is currently trading at a 42% discount to its 52-week high price. The short-term average price target of brokerage firms represents an increase of 43.9% from the last closing price of $368.56. The brokerage target price is currently in the range of $347-660. This indicates a maximum upside of 79.1% and a downside of 5.9%.
TTM Technologies Inc.TTM Technologies continues to benefit from AI infrastructure investment and defense modernization, supporting demand for PCBs, RF components and integrated electronic solutions. TTMI continues to strengthen its competitive position by expanding beyond traditional PCB manufacturing into higher-value electronic solutions.
AI and Defense Demand Drive GrowthTTMI continues to benefit from two durable industry drivers: AI infrastructure investment and defense modernization. TTMI is seeing sustained demand for advanced PCBs, RF components and integrated electronic solutions used in AI servers, networking equipment and mission-critical defense applications.
During the second quarter of 2026, Data Center and Networking revenues grew 91% year over year, while Aerospace and Defense revenues increased 14%. Management raised its full-year 2026 outlook to approximately $4.4 billion in revenues and expects non-GAAP EPS to approach $5.00. TTMI also reiterated confidence in achieving 15%-20% organic revenue growth in 2027 and 2028, supported by continued AI deployments and expanding defense programs.
Robust Estimate RevisionsTTM Technologies has an expected revenue and earnings growth rate of 50.9% and 95.9%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 17.8% over the last 60 days.
TTMI has an expected revenue and earnings growth rate of 24.5% and 43.2%, respectively, for the next year. The Zacks Consensus Estimate for next year’s earnings has improved 24.8% over the last 60 days.
Image Source: Zacks Investment Research
Huge Price Upside PotentialThe stock price has rallied 84.7% year to date. Despite this, TTMI is currently trading at a 43.1% discount to its 52-week high price. The short-term average price target of brokerage firms represents an increase of 73.7% from the last closing price of $127.47. The brokerage target price is currently in the range of $205-250. This indicates a maximum upside of 96.1% and no downside.
Amkor Technology (AMKR - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this chip packaging and test services provider have returned +9% over the past month versus the Zacks S&P 500 composite's +1.3% change. The Zacks Electronics - Semiconductors industry, to which Amkor Technology belongs, has gained 5.9% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-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%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Amkor Technology is rated Zacks Rank #1 (Strong Buy).
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.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
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.
Key Takeaways Amkor posted record Q2 revenues of $1.90B, up 26%, as Computing hit a record on data-center demand.Amkor is advancing 2.5D, HDFO and co-packaged optics with support from TSMC and NVIDIA partnerships.Amkor sees Q3 sales of $1.95-$2.05B and gross margin of 18.5%-19.5%, alongside major capacity spending. Amkor Technology (AMKR - Free Report) is seeing strong growth in AI and HPC packaging demand, supported by rising data-center requirements and expanding advanced-packaging programs. In the second quarter of 2026, the company reported record revenues of $1.90 billion, up 26% year over year, while Computing revenues reached a record high driven by strong data-center demand. AMKR also said AI data-center demand remained robust, with HDFO programs and a new data-center CPU program ramping up.
The company’s advanced-packaging portfolio is becoming increasingly important as AI and HPC systems require greater performance, integration and packaging complexity. Amkor is working with leading customers on 2.5D packaging, HDFO and co-packaged optics, while its 10-year TSMC agreement and multi-year NVIDIA partnership are supporting capacity expansion and technology development.
Recent developments further strengthen this growth opportunity. Amkor announced Phase 2 of its Arizona Advanced Packaging and Test Campus, increasing planned investment to approximately $12 billion. The expansion will add 60,000 square meters of cleanroom capacity, supported by customer commitments that have surpassed the 33,000 square meters planned for Phase 1.
Amkor’s outlook also supports the potential for continued growth. The company guided for third-quarter 2026 net sales of $1.95-$2.05 billion, above second-quarter revenues, while projecting gross margin of 18.5%-19.5%, compared with 16.8% in the second quarter. Amkor also expects full-year 2026 capital expenditures of $2.5-$3 billion, reflecting continued investment in capacity.
Advanced Packaging Rivals Target AI and HPC GrowthWith AI/HPC demand intensifying, Taiwan Semiconductor (TSM - Free Report) is expanding its advanced-packaging capabilities to support customers. TSMC said packaging capacity remains tight and is allocating 10%-20% of its 2026 capital budget to advanced packaging, testing and related activities. Taiwan Semiconductor therefore competes for AI/HPC packaging opportunities while continuing to expand capacity to address customers’ multiyear demand.
Intel Corporation (INTC - Free Report) is challenging AMKR with its EMIB-T advanced-packaging technology, which management says enables advanced AI-silicon solutions beyond mainstream offerings. Intel reported high customer interest and a growing EMIB-T backlog, with yields and reliability hitting targets as it prepares for high-volume production supporting customer ramps in 2027. INTC is also positioning its wafer-foundry and packaging capabilities for the shift toward AI-oriented system-in-package designs.
AMKR’s Share Price Performance, Valuation & EstimatesAMKR’s shares have surged 70.4% year to date, outperforming the broader Zacks Computer and Technology sector, which has gained 21.8%.
AMKR’s One-Year Price Performance
Image Source: Zacks Investment Research
From a valuation perspective, AMKR appears attractively priced, with a forward 12-month P/S of 1.51X, significantly below the industry average of 5.03X. Its Value Score of B further supports its valuation profile.
AMKR’s Valuation
Image Source: Zacks Investment Research
AMKR’s earnings outlook remains positive. The Zacks Consensus Estimate for AMKR’s 2026 and 2027 earnings is pegged at $2.60 and $2.72 per share, respectively. Although estimates have moved lower over the past 30 days, they still represent year-over-year growth of 73.3% and 4.3%, respectively.
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.
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Amkor Technology (AMKR - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 613 companies in the Computer and Technology group. The Computer and Technology group currently sits at #2 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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).
Over the past 90 days, the Zacks Consensus Estimate for AMKR's full-year earnings has moved 24.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AMKR has gained about 27.4% so far this year. In comparison, Computer and Technology companies have returned an average of 19.9%. This means that Amkor Technology is performing better than its sector in terms of year-to-date returns.
ACM Research, Inc. (ACMR - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 73.7%.
In ACM Research, Inc.'s case, the consensus EPS estimate for the current year increased 64.7% 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 #44 in the Zacks Industry Rank. On average, this group has gained an average of 30.7% so far this year, meaning that AMKR is slightly underperforming its industry in terms of year-to-date returns.
ACM Research, Inc., however, belongs to the Semiconductor Equipment - Material Services industry. Currently, this 1-stock industry is ranked #1. The industry has moved +84% so far this year.
Amkor Technology and ACM Research, Inc. could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
Corient Private Wealth LP grew its holdings in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) by 142.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 158,037 shares of the semiconductor company’s stock after buying an additional 92,929 shares during the period. Corient Private Wealth LP owned approximately 0.06% of Amkor Technology worth $13,628,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Amkor Technology in the 2nd quarter valued at $1,060,005,000. Clal Insurance Enterprises Holdings Ltd bought a new position in Amkor Technology during the second quarter worth $152,110,000. Principal Financial Group Inc. grew its holdings in Amkor Technology by 19.3% in the first quarter. Principal Financial Group Inc. now owns 2,622,744 shares of the semiconductor company’s stock worth $118,107,000 after purchasing an additional 423,629 shares during the period. Bank of New York Mellon Corp acquired a new stake in Amkor Technology in the second quarter worth $90,656,000. Finally, Fisher Asset Management LLC increased its stake in Amkor Technology by 204.5% in the fourth quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock valued at $82,712,000 after purchasing an additional 1,407,109 shares in the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.
Insider Buying and Selling In related news, Director Giel Rutten sold 25,000 shares of Amkor Technology stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $55.35, for a total transaction of $1,383,750.00. Following the transaction, the director owned 486,732 shares of the company’s stock, valued at $26,940,616.20. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas Alexander sold 5,000 shares of the company’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 sale, the director owned 29,109 shares of the company’s stock, valued at $1,624,573.29. This trade represents a 14.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 40,221 shares of company stock valued at $2,216,587. 26.40% of the stock is currently owned by company insiders.
Amkor Technology Stock Down 1.6% Shares of NASDAQ AMKR opened at $46.38 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.17 and a quick ratio of 1.91. The company has a 50-day moving average price of $55.10 and a 200-day moving average price of $61.12. The stock has a market capitalization of $11.52 billion, a P/E ratio of 20.80, a P/E/G ratio of 0.58 and a beta of 2.22. Amkor Technology, Inc. has a 1 year low of $26.16 and a 1 year high of $96.68. Amkor Technology (NASDAQ:AMKR – Get Free Report) last posted its 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. Amkor Technology had a net margin of 7.45% and a return on equity of 12.27%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the business posted $0.22 EPS. The firm’s revenue was up 25.6% compared to the same quarter last year. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, equities research analysts forecast that Amkor Technology, Inc. will post 2.6 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 $0.0835 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.33 annualized dividend and a dividend yield of 0.7%. Amkor Technology’s dividend payout ratio is 14.80%.
Analyst Upgrades and Downgrades A number of research firms have recently issued reports on AMKR. UBS Group raised shares of Amkor Technology from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $90.00 in a research report on Friday, July 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Amkor Technology in a research report on Tuesday, July 28th. B. Riley Financial cut their price target on Amkor Technology from $75.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Zacks Research raised Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Finally, Weiss Ratings upgraded Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Amkor Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.
Get Our Latest Stock Analysis on AMKR
Amkor Technology Profile (Free Report)
Amkor Technology, Inc (NASDAQ: AMKR) is a provider of outsourced semiconductor packaging and testing services. The company supports semiconductor manufacturers and electronics companies by assembling and testing integrated circuits after wafer fabrication, helping prepare chips for use in electronic devices.
Its services include wafer bumping and probing, semiconductor assembly, advanced packaging, final testing, and related product design and logistics support. Amkor offers packaging technologies for applications including communications, consumer electronics, computing, automotive, industrial, and other markets.
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On September 14, 2026, Amkor Technology Inc AMKR shares fell 8.9% to $47.12, continuing a downward trend that has seen a 20% decline over the past month. The stock has fluctuated significantly within the last year, reaching a high of $96.68 and a low of $25.52.
GF Value™ verdict: Current price $47.12 vs. GF Value $35.56, indicating the stock is 32.5% overvalued.GF Score™: 79/100, suggesting the company is above average in various fundamental aspects.Notable signal: Insiders sold $992.5M worth of shares over the past 12 months, indicating a lack of confidence from those closest to the company.Is AMKR Overvalued or Undervalued?The current share price of Amkor Technology Inc at $47.12 is significantly higher than the GF Value™, which is estimated at $35.56. This 32.5% overvaluation suggests that the stock may not offer a sufficient margin of safety for potential investors. GF Value™ is GuruFocus' proprietary estimate of a stock's intrinsic value, derived from a combination of historical trading multiples, past business growth, and projections for future performance. It serves as a directional warning rather than a definitive fair-value target, especially for companies that are not consistently profitable or cash-flow positive.
Given that Amkor has struggled with profitability, the GF Valuation label categorizes the stock as significantly overvalued. This presents a risk for investors, particularly in a volatile market where price corrections can be swift and severe. As the market reacts to recent poor performance, the stock may face further downward pressure.
How Does AMKR's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)21.1x15.7x (5-Year Median)Forward P/E17.6x-Amkor's current P/E ratio of 21.1x is 34% higher than its 5-year median P/E of 15.7x, indicating that the stock is trading above its historical valuation metrics. This upward deviation from historical norms aligns with the GF Value™ verdict of overvaluation, reinforcing concerns regarding the sustainability of the current price level.
What Does AMKR's GF Score™ Tell Us?The GF Score™ evaluates a company's financial strength, profitability, growth potential, valuation, and momentum, providing a comprehensive overview of its fundamental health. Amkor's score of 79/100 highlights a generally strong position, especially in terms of momentum, which stands at a perfect 10/10.
MetricRatingGF Score™79Financial Strength7/10Profitability7/10Growth7/10Valuation3/10Momentum10/10While Amkor demonstrates strengths in financial stability, profitability, and growth, its weakest area is valuation, where it scores just 3/10. This discrepancy suggests that despite the company's positive momentum and solid fundamentals, its current market price may not be justified, further confirming the overvalued status suggested by the GF Value™ analysis.
What Are Gurus and Insiders Doing with AMKR?Currently, 9 gurus hold shares of Amkor Technology Inc, with 3 increasing their positions and 6 trimming their holdings in recent quarters. This mixed sentiment among knowledgeable investors indicates a cautious approach to the stock. The insider activity is particularly notable, as insiders have sold a staggering $992.5 million worth of shares in the past year with no purchases reported. This trend may signal a lack of confidence from those who are most familiar with the company’s operations and future outlook.
The significant insider selling raises red flags for potential investors, suggesting that insiders may believe the stock is currently overvalued or that they anticipate challenges ahead. Such a pattern of selling could further influence market perceptions and lead to additional downward pressure on the stock price.
What This Means for InvestorsBased on the analysis, Amkor Technology Inc appears to be overvalued at its current price of $47.12 compared to the GF Value™ estimate of $35.56. The high P/E relative to historical norms and the concerning insider selling activity reinforce this assessment. Investors should proceed with caution as the company navigates a challenging market environment.
For more insights and analysis, you can visit the Amkor Technology Inc AMKR stock page and explore additional resources on the GF Value™ page.
Frequently Asked QuestionsWhat is AMKR's GF Score™?
AMKR has a GF Score™ of 79/100, indicating that the company is above average in various financial metrics and overall health.
Is AMKR overvalued or undervalued?
AMKR is currently overvalued, with a GF Value™ estimate of $35.56 compared to its market price of $47.12.
What is AMKR's P/E ratio?
AMKR's P/E ratio is 21.1x, which is significantly above its 5-year median of 15.7x, suggesting the stock is trading at a premium compared to its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Amkor Technologies is positioned for upside through advanced chip packaging, increased plant utilization, and U.S. expansion, notably the $12B Arizona campus. AMKR's repeat business model, engineering support, and customer prepayments underpin its competitive edge, but industry competition and capital intensity remain material risks. I project $10.5B in 2030 revenues and $4.70 EPS, driven by computing segment growth, margin improvement, and phased Arizona ramp-up.
Key Takeaways Amkor raised its Arizona packaging and test campus investment to about $12B, with Phase 1 fully committed.Phase 2 adds 60,000 square meters of cleanroom space, lifting campus capacity to about 93,000 square meters.TSMC and NVIDIA partnerships support growth, while long timelines and capacity utilization remain key risks. Amkor Technology (AMKR - Free Report) is expanding its Arizona advanced packaging and test campus, raising the project’s planned investment to approximately $12 billion. Phase 2 is expected to add 60,000 square meters of cleanroom capacity, taking the campus to about 93,000 square meters. Importantly, customer commitments have already surpassed the 33,000 square meters planned for Phase 1, providing a strong demand signal for the expansion.
The Arizona campus is designed to provide wafer bump, probe, assembly and test capabilities, while Phase 2 will further expand manufacturing scale. This expansion also aligns with Amkor’s strategic partnerships with TSMC and NVIDIA. Its 10-year advanced packaging agreement with TSMC is designed to expand packaging and test capacity and strengthen the U.S. semiconductor supply chain, while its multi-year NVIDIA partnership focuses on advanced packaging and test for next-generation AI infrastructure.
Phase 1 is progressing and is now fully committed, underscoring strong customer interest in U.S.-based semiconductor manufacturing. However, Phase 2 construction is anticipated to begin in late 2027, with completion expected by the end of 2029, creating a lengthy period before the expanded capacity becomes operational.
The primary risks involve substantial capital expenditure and capacity utilization; Amkor must convert customer demand into sustained capacity utilization and profitability. Overall, this Arizona-based initiative appears highly promising, and the company is expected to generate attractive returns on its $12 billion investment by leveraging strong customer commitments and growing demand for advanced packaging and test capabilities.
How INTC and FORM Challenge AMKR in Advanced PackagingIntel Corporation (INTC - Free Report) is challenging AMKR through its EMIB-T advanced-packaging technology, which targets AI silicon solutions and has a growing backlog. The company is investing in packaging capacity alongside higher 2026 CapEx. Intel expects EMIB-T to ramp to high volume in 2027, directly intensifying competition for advanced AI packaging demand.
FormFactor (FORM - Free Report) is leveraging its strength in semiconductor testing and challenging AMKR in the broader advanced-packaging ecosystem. FORM highlights SmartMatrix for high-speed HBM4 stack testing and is expanding its manufacturing footprint with Farmers Branch, positioning it to support increasingly complex GPU, CPU and custom-ASIC ramps.
AMKR’s Share Price Performance, Valuation & EstimatesAMKR’s shares have gained 28.4% year to date, outperforming the broader Zacks Computer and Technology sector, which has returned 18.5%.
AMKR’s YTD Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, AMKR trades at a forward P/E of 17.83X, higher than the industry average of 13.62X. The company carries a Value Score of B.
AMKR’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for AMKR’s 2026 and 2027 earnings is pegged at $2.60 and $2.72 per share, respectively. Despite recent downward revisions, the estimates imply year-over-year growth of 73.3% and 4.3%.
Image Source: Zacks Investment Research
AMKR stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
TEMPE, Ariz.--(BUSINESS WIRE)---- $AMKR #AdvancedPackaging--Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of outsourced semiconductor packaging and test services, today announced phase 2 of its Arizona Advanced packaging and test campus. Driven by strong customer commitments that have surpassed the 33,000 square meters of cleanroom capacity planned for phase 1, the phase 2 expansion is expected to add 60,000 square meters and bring the campus to approximately 93,000 square meters of cleanroom space. The expansi.
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.
Key Takeaways AMKR fell 9.6% in a month, but the pullback may offer a lower-priced entry into its long-term growth story.Advanced products generated $1.56B in Q2 2026, up from $1.23B a year earlier, supporting AMKR's growth.AMKR is expanding capacity in Arizona, Korea and Vietnam to aid advanced packaging and data-center demand. Amkor Technology (AMKR - Free Report) has struggled to keep pace with its industry and broader sector, with shares down 9.6% over the past month. In comparison, the Zacks Electronics - Semiconductors industry has declined 1.9%, while the broader Computer and Technology sector has edged up 0.5%.
AMKR shares have also underperformed Micron Technology (MU - Free Report) , Cohu, Inc. (COHU - Free Report) and KLA Corporation (KLAC - Free Report) over the same period. Micron Technology led the group with an 18.1% gain, followed by Cohu’s 2.5% increase, while KLA Corporation has declined 3.7%.
One-Month Price Comparison
Image Source: Zacks Investment Research
AMKR’s recent decline appears to be driven primarily by near-term Communications weakness, ongoing smartphone and memory-related pressures, the temporary System-in-Package (SiP) transition and concerns surrounding its heavy capacity investments. However, these challenges need to be viewed against Amkor’s broader long-term strategy. The company is increasing investment in advanced packaging, expanding its manufacturing footprint and deepening relationships with key semiconductor players.
Importantly, Amkor's recent investments are increasingly aligned with some of the semiconductor industry's strongest structural growth trends. The company is seeing rising demand for Advanced Packaging, AI and high-performance computing (HPC), automotive and ADAS applications, while its strategic partnerships with TSMC and NVIDIA could strengthen its position.
Therefore, this recent price drop could present an opportunity for investors to buy shares at a lower price and participate in Amkor's long-term growth potential.
Strong Advanced Packaging Growth Supports AMKRAmkor’s long-term growth prospects are increasingly tied to the structural shift toward Advanced Packaging, as rising AI, high-performance computing (HPC) and data-center complexity require higher integration, performance and power efficiency. The company has established capabilities across 2.5D integration, high-density fan-out (HDFO), advanced flip chip, wafer-level processing and advanced SiP. Its second quarter 2026 results showed this opportunity gaining traction, with advanced products generating $1.56 billion of revenue, up from $1.23 billion a year earlier. It also reported growing customer engagements across 2.5D, HDFO and emerging co-packaged optics, including a data-center CPU HDFO program that began ramping in the second quarter.
The opportunity extends beyond near-term revenue growth because advanced packaging can support higher-value applications and improve Amkor’s overall product mix and earnings power. The company is deepening strategic relationships with TSMC and NVIDIA, while expanding advanced-packaging capacity in Arizona and Korea. Management said several technology platforms were already operating at full capacity and that customer engagements increasingly involve longer planning horizons and capacity alignment. This is important for investors, as a greater mix of advanced packaging will enable AMKR to capture more value from the growth of AI and HPC, while simultaneously facilitating better utilization of its expanded manufacturing base.
Geographic Diversification Gives AMKR a Competitive EdgeAmkor’s broad and strategically located manufacturing footprint is a key competitive advantage, giving customers greater geographic flexibility, supply-chain resiliency and regional manufacturing options. The company’s facilities across key regions in Asia and Europe allow customers to diversify supply chains and mitigate operational risks, while its U.S. headquarters and new Arizona facility strengthen its ability to support customers seeking to regionalize semiconductor production. Importantly, AMKR’s geographic diversity also allows it to qualify production at multiple sites and optimize asset utilization, providing greater flexibility as customer demand shifts across markets and technologies.
Amkor is expanding this footprint in a way that is increasingly aligned with long-term customer requirements. Phase 1 of the Arizona facility is fully committed, while new capacity is being added in Korea, including a Songdo assembly and test building and additional Gwangju cleanroom capacity expected to support data-center and advanced-packaging opportunities from 2028 onward. Amkor is also expanding facilities in Vietnam, Portugal and Taiwan. The move of SiP production from Korea to Vietnam is particularly strategic because it frees capacity in Korea for rapidly scaling, higher-value Computing programs while increasing SiP and NAND capacity in Vietnam.
Amkor’s geographic diversification could become an increasingly important competitive advantage as semiconductor customers seek greater supply-chain resilience and regionalized production. While Micron Technology, Cohu and KLA Corporation also maintain broad global footprints, their geographic networks support different business models. AMKR’s footprint is directly aligned with its OSAT operations, enabling customers to access packaging and test capacity across multiple locations. Its investments in Arizona, Korea, Vietnam, Portugal and Taiwan further strengthen this flexibility and align capacity with evolving customer requirements. For investors, this could help AMKR win new programs, deepen customer relationships and support more durable long-term growth.
AMKR Stock Trades Lower Than Its Growth ProspectsAmkor shares appear attractively valued, offering investors a potentially compelling entry point relative to the company’s growth outlook. The stock’s Zacks Value Score of A indicates an attractive valuation, while its VGM Score of B suggests better returns.
Amkor’s earnings outlook further strengthens the investment case. The Zacks Consensus Estimate for 2026 earnings stands at $2.6 per share, implying robust year-over-year growth of 73.3%. This strong expected earnings expansion suggests that the stock’s current valuation may not fully reflect its growth potential.
AMKR also trades at a forward P/B ratio of 2.53X, well below the industry and sector averages of 8.72X and 8.87X, respectively. The significant valuation discount, combined with strong projected earnings growth, indicates that AMKR may be trading below levels justified by its underlying growth prospects, presenting potential upside for value-oriented investors.
AMKR’s P/B Ratio (TTTM)
Image Source: Zacks Investment Research
Parting Thoughts on AMKRAmkor’s recent pullback provides an attractive entry point for investors seeking to capitalize on the company’s strong long-term growth potential. Strong Advanced Packaging demand, AI and HPC opportunities, geographic diversification and strategic partnerships provide solid growth drivers. Combined with attractive valuation and robust earnings expectations, AMKR’s growth-driven prospects make the current dip a potential buying opportunity for investors.
AMKR currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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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.
TEMPE, Ariz.--(BUSINESS WIRE)--Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of semiconductor packaging and test services, today announced that it will participate in the Goldman Sachs Communacopia + Technology Conference on Wednesday, September 9, 2026. Amkor’s presentation will occur at 8:10 am Pacific Time (11:10 am Eastern Time) in San Francisco, CA.
A webcast and replay of the presentation will be made available on the Investor Relations section of Amkor’s website, located at ir.amkor.com. Management will also be available for one-on-one and small group meetings with investors.
About Amkor Technology, Inc.
Amkor Technology, Inc. (Nasdaq: AMKR) is the world’s largest U.S. headquartered OSAT and is a global leader in outsourced semiconductor packaging and test services. With a strong track record of innovation, a broad and diverse geographic footprint and solid partnerships with lead customers, Amkor delivers high-quality solutions that enable the world’s leading semiconductor and electronics companies to bring advanced technologies to market. The company’s comprehensive portfolio includes advanced packaging, wafer-level processing, and system-in-package solutions targeting applications for smartphones, data centers, artificial intelligence, automobiles and wearables. For more information visit amkor.com.
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.
Investors interested in stocks from the Electronics - Semiconductors sector have probably already heard of Amkor Technology (AMKR - Free Report) and Nova Ltd. (NVMI - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Amkor Technology and Nova Ltd. are sporting Zacks Ranks of #1 (Strong Buy) and #2 (Buy), respectively, right now. This means that AMKR's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. But this is just one factor that value investors are interested in.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
AMKR currently has a forward P/E ratio of 18.40, while NVMI has a forward P/E of 32.93. We also note that AMKR has a PEG ratio of 0.59. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. NVMI currently has a PEG ratio of 1.88.
Another notable valuation metric for AMKR is its P/B ratio of 2.54. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, NVMI has a P/B of 7.57.
These metrics, and several others, help AMKR earn a Value grade of A, while NVMI has been given a Value grade of F.
AMKR has seen stronger estimate revision activity and sports more attractive valuation metrics than NVMI, so it seems like value investors will conclude that AMKR is the superior option right now.
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.
Bank of New York Mellon Corp purchased a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,051,327 shares of the semiconductor company’s stock, valued at approximately $90,656,000. Bank of New York Mellon Corp owned approximately 0.42% of Amkor Technology as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc increased its stake in Amkor Technology by 91.2% during the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock worth $27,000 after buying an additional 447 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Amkor Technology by 180.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 440 shares during the period. Root Financial Partners LLC grew its holdings in shares of Amkor Technology by 38.8% during the fourth 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. CoreCap Advisors LLC raised its position in Amkor Technology by 56.4% during the 2nd quarter. CoreCap Advisors LLC now owns 438 shares of the semiconductor company’s stock worth $38,000 after buying an additional 158 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake 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 purchasing an additional 854 shares during the period. Hedge funds and other institutional investors own 42.76% of the company’s stock.
Wall Street Analyst Weigh In A number of research firms recently issued reports on AMKR. The Goldman Sachs Group upped their target price on Amkor Technology from $43.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Weiss Ratings raised shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Morgan Stanley raised their price objective on shares of Amkor Technology from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Zacks Research upgraded Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Amkor Technology in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $68.12.
Read Our Latest Research Report on AMKR Amkor Technology Stock Performance Shares of NASDAQ:AMKR opened at $47.90 on Tuesday. The firm has a market cap of $11.90 billion, a PE ratio of 21.48 and a beta of 2.24. 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 twelve month low of $23.36 and a twelve month high of $96.68. The business has a fifty day moving average of $65.66 and a 200-day moving average of $61.17.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last released its quarterly earnings results on Monday, July 27th. The semiconductor company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.23. The company 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%.Amkor Technology’s revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 earnings per share. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. On average, equities research analysts predict that Amkor Technology, Inc. will post 2.62 EPS for the current fiscal year.
Amkor Technology Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Wednesday, September 2nd will be paid a $0.0835 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.33 annualized dividend and a dividend yield of 0.7%. Amkor Technology’s payout ratio is currently 14.80%.
Insider Activity at Amkor Technology In other Amkor Technology news, EVP Mark N. Rogers sold 5,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $59.78, for a total transaction of $298,900.00. Following the completion of the sale, the executive vice president directly owned 38,904 shares in the company, valued at approximately $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 accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Megan Faust sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $54.45, for a total transaction of $54,450.00. Following the transaction, the chief financial officer owned 135,105 shares in the company, valued at approximately $7,356,467.25. The trade was a 0.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 50,221 shares of company stock valued at $3,059,887 over the last 90 days. 26.40% of the stock is owned by company insiders.
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.
Read More Five stocks we like better than Amkor Technology Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here
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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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Shares of Amkor Technology (AMKR - Free Report) have gained 6.6% over the past four weeks to close the last trading session at $48.7, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $74.63 indicates a potential upside of 53.2%.
The mean estimate comprises eight short-term price targets with a standard deviation of $12. While the lowest estimate of $60.00 indicates a 23.2% increase from the current price level, the most optimistic analyst expects the stock to surge 84.8% to reach $90.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
However, an impressive consensus price target is not the only factor that indicates a potential upside in AMKR. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why AMKR Could Witness a Solid UpsideThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, three estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 25.6%.
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 four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much AMKR could gain, the direction of price movement it implies does appear to be a good guide.
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.
Amkor Technology (AMKR - Free Report) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.
The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this chip packaging and test services provider, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For Amkor Technology, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate RevisionsFor the current quarter, the company is expected to earn $0.79 per share, which is a change of +54.9% from the year-ago reported number.
Over the last 30 days, three estimates have moved higher for Amkor Technology compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 28.11%.
Current-Year Estimate RevisionsFor the full year, the earnings estimate of $2.62 per share represents a change of +74.7% from the year-ago number.
In terms of estimate revisions, the trend for the current year also appears quite encouraging for Amkor Technology. Over the past month, three estimates have moved higher compared to no negative revisions, helping the consensus estimate increase 25.6%.
Favorable Zacks RankThe promising estimate revisions have helped Amkor Technology earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom LineAmkor Technology shares have added 6.6% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects.
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.
Canada Pension Plan Investment Board bought a new position in Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 80,300 shares of the semiconductor company’s stock, valued at approximately $6,924,000.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Amkor Technology in the 2nd quarter worth $1,060,005,000. Fisher Asset Management LLC increased its position in Amkor Technology by 204.5% during the 4th quarter. Fisher Asset Management LLC now owns 2,095,027 shares of the semiconductor company’s stock valued at $82,712,000 after buying an additional 1,407,109 shares in the last quarter. UBS Group AG raised its stake in Amkor Technology by 205.5% in the fourth quarter. UBS Group AG now owns 1,254,658 shares of the semiconductor company’s stock valued at $49,534,000 after buying an additional 843,983 shares during the last quarter. Black Swift Group LLC purchased a new stake in Amkor Technology in the fourth quarter valued at about $797,000. Finally, Foster & Motley Inc. acquired a new stake in Amkor Technology in the second quarter worth about $1,944,000. 42.76% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes Several equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Weiss Ratings upgraded shares of Amkor Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. UBS Group raised shares of Amkor Technology from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $90.00 in a research report on Friday, July 24th. Morgan Stanley upped their price target on shares of Amkor Technology from $69.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 28th. Finally, B. Riley Financial decreased their price target on shares of Amkor Technology from $75.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.
Get Our Latest Stock Analysis on AMKR Insider Buying and Selling at Amkor Technology In other news, CFO Megan Faust sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $54.45, for a total value of $54,450.00. Following the sale, the chief financial officer directly owned 135,105 shares of the company’s stock, valued at $7,356,467.25. This represents a 0.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark N. Rogers sold 5,000 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $59.78, for a total transaction of $298,900.00. Following the completion of the sale, the executive vice president directly owned 38,904 shares in the company, valued at $2,325,681.12. This trade represents a 11.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 50,221 shares of company stock worth $3,059,887. Corporate insiders own 26.40% of the company’s stock.
Amkor Technology Stock Down 7.5% Shares of AMKR stock opened at $47.88 on Friday. The stock’s 50-day simple moving average is $62.52 and its 200-day simple moving average is $61.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 2.17. The firm has a market capitalization of $11.90 billion, a PE ratio of 21.47 and a beta of 2.24. Amkor Technology, Inc. has a fifty-two week low of $23.36 and a fifty-two week high of $96.68.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last released its earnings results on Monday, July 27th. The semiconductor company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.23. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. Amkor Technology had a return on equity of 12.27% and a net margin of 7.45%.The company’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. Amkor Technology has set its Q3 2026 guidance at 0.720-0.820 EPS. Equities analysts expect that Amkor Technology, Inc. will post 2.6 earnings per share for the current year.
Amkor Technology Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Wednesday, September 2nd will be given a dividend of $0.0835 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.33 dividend on an annualized basis and a yield of 0.7%. Amkor Technology’s dividend payout ratio (DPR) is currently 14.80%.
(Free Report)
Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.
In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.
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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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Key Takeaways Amkor's Q2 2026 revenues rose 26% year over year, led by advanced packaging demand.AMKR is expanding in AI and HPC via 2.5D, HDFO and co-packaged optics as its data-center CPU program ramps.Amkor's TSMC and NVIDIA partnerships support advanced-packaging capacity and AI infrastructure programs. Amkor Technology (AMKR - Free Report) is increasingly positioning advanced packaging as a key growth engine. With semiconductor architectures becoming more complex, packaging is moving closer to the critical path for system performance and value creation. This shift, combined with Amkor’s expanding technology portfolio and customer engagements, could help it strengthen its competitive position against peers such as ASE Technology (ASX - Free Report) , while its relationship with Taiwan Semiconductor (TSM - Free Report) adds another strategic dimension.
Amkor’s momentum is already evident in its financial performance. Second-quarter 2026 revenues rose 26% year over year, with growth across all end markets, led by advanced packaging demand. Advanced products generated $1.56 billion in second-quarter revenues, up from $1.23 billion a year earlier. Meanwhile, average factory utilization improved from the 50s to the 70s, supporting stronger profitability.
The company is also expanding its exposure to high-value AI and HPC applications through 2.5D, HDFO and co-packaged optics technologies. Its newest data-center CPU program began ramping in the second quarter, while Computing revenues reached a record and are expected to accelerate further on AI data-center demand and the HDFO CPU ramp.
Strategic partnerships could further reinforce this position. Amkor's 10-year agreement with TSMC and multi-year NVIDIA partnership support advanced-packaging capacity and AI infrastructure programs. Combined with its turnkey packaging-and-test capabilities and expanding U.S. and Asian footprint, these initiatives could deepen customer relationships and improve manufacturing flexibility.
Driven by demand for AI data centers, increased production of high-performance CPUs and the continued strong positioning of advanced technology platforms, management projects net sales of $1.95 billion to $2.05 billion for the third quarter of 2026. If these operations expand as anticipated, advanced packaging could become a crucial driver of revenue growth and competitive differentiation for the company.
How Competitors Stack Up Against AMKRASE Technology competes with AMKR through advanced packaging and test, including LEAP, CoWoS-related solutions and emerging panel-level packaging. ASX is expanding capacity as AI drives greater packaging complexity, while its pure-play OSAT model supports flexible collaboration. Thus, ASX directly overlaps AMKR in high-value AI and HPC packaging.
Expanding advanced packaging alongside leading-edge wafer manufacturing puts TSM in greater competition with AMKR. TSM plans to allocate 10%-20% of 2026 CapEx to advanced packaging, testing and related activities. This expansion gives TSM greater packaging capabilities, positioning TSM against AMKR in AI and HPC applications.
AMKR’s Share Price Performance, Valuation & EstimatesAMKR shares have gained 38.9% year to date, outperforming the broader Zacks Computer and Technology sector’s 16.4% growth.
AMKR’s YTD Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, AMKR trades at a forward P/E of 20.42X, higher than the industry average of 13.93X. The company carries a Value Score of C.
AMKR’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 earnings is pegged at $2.62 per share, up from the past 30 days and signaling expected year-over-year growth of 74.67%.
Image Source: Zacks Investment Research
AMKR currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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 Amkor Technology shares fell 17.9% in three months amid Communications weakness and high 2026 capex.AMKR sees advanced packaging, AI data-center demand and new 2026 product launches supporting growth.Amkor Technology trades below the industry P/S average, while 2026 earnings estimates have risen sharply. Shares of Amkor Technology (AMKR - Free Report) have declined 17.9% over the past three months, lagging the Zacks Electronics - Semiconductors industry's 1.6% drop and the broader Computer and Technology sector’s 2.2% rise.
AMKR shares have also underperformed peers such as Applied Materials (AMAT - Free Report) , Lam Research (LRCX - Free Report) and Marvell Technology (MRVL - Free Report) . Over the same time frame, shares of Applied Materials, Lam Research and Marvell Technology delivered double-digit returns of 22.4%, 18.3% and 25.6%, respectively.
AMKR’s Three-Month Price Performance
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Amkor Technology’s stock has faced pressure from expected near-term weakness in the Communications segment, while $2.5-$3 billion in 2026 capital expenditures could weigh on cash flow. Meanwhile, the company’s third-quarter revenue guidance of $1.95-$2.05 billion suggests only modest sequential growth, raising concerns about near-term growth.
However, the steep drop in Amkor Technology’s shares may tempt investors to buy the dip. But given the company’s near-term challenges, is AMKR really worth buying at current levels? Let’s find out.
AMKR’s Advanced-Packaging Pipeline Boosts ProspectsAmkor Technology’s expanding advanced-packaging pipeline provides an important long-term growth opportunity as semiconductor architectures become increasingly complex, particularly across AI infrastructure, high-performance computing (HPC) and networking. The company has growing customer engagements across 2.5D, high-density fan-out (HDFO) and emerging co-packaged optics, with management citing 11 customers across multiple 2.5D programs and five customers with 10 active HDFO engagements. AMKR expects four 2.5D and four HDFO products to launch in 2026, while its newest data-center CPU program — the largest of these programs by scale — began ramping in the second quarter.
The pipeline is particularly attractive because it can drive higher-value product mix, utilization and earnings growth, rather than merely adding incremental revenues. Amkor Technology states that advanced packaging is becoming essential to system performance, encouraging customers to engage early in product development and across multiple generations. This is already supporting stronger fundamentals, with second-quarter revenues reaching a record $1.9 billion, up 26% year over year. Computing revenues also reached a record level and are expected to grow nearly 30% sequentially in the third quarter, driven by AI data-center demand and the HDFO CPU ramp.
The opportunity is further strengthened by Amkor Technology’s 10-year advanced-packaging agreement with TSMC and multi-year partnership with NVIDIA, which support capacity expansion, longer-term technology alignment and next-generation AI infrastructure. At the same time, Arizona, Korea, Vietnam, Portugal and Taiwan are being prepared to meet the growing demand for advanced packaging.
AMKR’s Global Footprint Strengthens Its Competitive EdgeAmkor Technology’s broad and strategically located manufacturing footprint is an important competitive advantage because it gives customers geographic flexibility, supply-chain resiliency and regional execution while allowing the company to support changing semiconductor demand across markets. Its facilities across key regions in Asia and Europe, combined with the planned Arizona facility, provide customers with multiple production options to diversify supply chains and support regionalization initiatives. As advanced packaging becomes increasingly important to system performance, customers are placing greater emphasis on manufacturing scale, technology leadership and supply-chain resiliency. Amkor Technology’s geographic diversity, therefore, strengthens its ability to capture opportunities tied to AI, HPC and other advanced semiconductor applications.
The footprint also provides a meaningful capacity allocation and efficiency advantage. Amkor Technology is expanding its Arizona facility for high-volume advanced packaging and test while adding manufacturing and cleanroom capacity in Korea and expanding facilities in Vietnam, Portugal and Taiwan. Importantly, the company is moving SiP products from Korea to Vietnam, where it can build greater efficiency and scale, while freeing Korean capacity for rapidly scaling, high-value computing programs. This ability to place the right products in the right locations can improve asset utilization and cost efficiency while allowing Amkor Technology to align capacity with the fastest-growing customer requirements.
AMKR Stock Trades Cheaper Than IndustryAmkor Technology shares appear attractively valued, supported by a Value Score of B. AMKR trades at a forward 12-month P/S of 1.75X, significantly below the industry average of 5.41X. The stock also trades at a lower multiple than peers Applied Materials (10.43X), Lam Research (12.15X) and Marvell Technology (13.64X), suggesting potential valuation upside if its growth prospects strengthen further.
AMKR’s P/S Ratio (F12M)
Image Source: Zacks Investment Research
AMKR’s Earnings Estimate Revision Shows Upward TrendAMKR’s earnings estimate revisions reflect an upward trend, indicating a bullish sentiment.
The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at 79 cents per share, up 27.4% over the past 30 days and indicating a solid 54.9% growth over the year-ago quarter’s reported figure.
A similar trend is evident for full-year 2026, with the earnings estimate revised 26% upward over the same period to $2.62 per share, implying robust year-over-year growth of 74.67%.
Image Source: Zacks Investment Research
Verdict: Buy AMKR Stock NowAmkor Technology’s growth-driven prospects make the recent stock decline an attractive buying opportunity. Its expanding advanced-packaging pipeline, AI and HPC exposure, global manufacturing footprint, strategic partnerships with TSMC and NVIDIA, attractive valuation and upward earnings revisions support long-term growth. Despite near-term Communications weakness and elevated capital spending, improving earnings potential suggests AMKR stock is worth buying now for growth-focused investors.
AMKR currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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.
