Bank of New York Mellon Corp raised its stake in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 983,987 shares of the semiconductor company’s stock after acquiring an additional 16,995 shares during the period. Bank of New York Mellon Corp owned about 0.40% of Amkor Technology worth $44,309,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc increased its stake in Amkor Technology by 91.2% in the 3rd quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 447 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Amkor Technology by 180.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after buying an additional 440 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of Amkor Technology by 38.8% in the 4th quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock worth $37,000 after buying an additional 262 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Amkor Technology by 61.8% in the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 854 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Amkor Technology in the fourth quarter valued at approximately $41,000. 42.76% of the stock is owned by hedge funds and other institutional investors.
Amkor Technology News Roundup Here are the key news stories impacting Amkor Technology this week:
Positive Sentiment: Amkor announced a multi-year partnership with NVIDIA worth $1.5 billion to expand advanced semiconductor packaging and test capacity in the U.S., a significant boost to its AI-related growth outlook. Reuters article Positive Sentiment: NVIDIA will provide a prepayment to help fund the expansion, which may reduce near-term capital burden while accelerating capacity buildout for next-generation AI packaging. Business Wire article Positive Sentiment: UBS upgraded Amkor Technology from neutral to buy and set a $90 price target, signaling improved analyst confidence in the company’s upside after the NVIDIA deal. The Fly article Neutral Sentiment: Short-interest data showed no meaningful shares reported, so it does not appear to be adding a clear bearish or bullish signal for the stock right now. Neutral Sentiment: Some commentary noted that Amkor’s long-term investment case still depends on margin expansion and successful execution on advanced packaging projects, including its Arizona facility and other strategic growth initiatives. Seeking Alpha article Negative Sentiment: B. Riley Financial lowered its price target to $75, suggesting some analysts still see valuation or execution risk despite the recent rally. American Banking News article Analyst Upgrades and Downgrades AMKR has been the topic of several research analyst reports. Needham & Company LLC boosted their price objective on Amkor Technology from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amkor Technology in a research report on Friday, July 17th. UBS Group upgraded Amkor Technology from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Friday. Zacks Research upgraded shares of Amkor Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Finally, B. Riley Financial decreased their price objective on shares of Amkor Technology from $90.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.25.
Check Out Our Latest Stock Analysis on AMKR
Insider Buying and Selling at Amkor Technology In other news, Director Gil C. Tily sold 15,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $77.30, for a total transaction of $1,159,500.00. Following the sale, the director owned 108,806 shares in the company, valued at approximately $8,410,703.80. This trade represents a 12.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark N. Rogers sold 5,000 shares of Amkor Technology stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $86.21, for a total value of $431,050.00. Following the sale, the executive vice president directly owned 38,904 shares of the company’s stock, valued at approximately $3,353,913.84. This trade represents a 11.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 114,000 shares of company stock valued at $8,631,450 over the last quarter. Company insiders own 26.40% of the company’s stock.
Amkor Technology Price Performance Shares of NASDAQ AMKR opened at $64.96 on Friday. Amkor Technology, Inc. has a fifty-two week low of $20.86 and a fifty-two week high of $96.68. The stock has a market cap of $16.10 billion, a PE ratio of 37.12 and a beta of 2.20. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.74 and a current ratio of 2.01. The stock has a fifty day moving average of $73.36 and a 200-day moving average of $60.67.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last released its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.63 billion. Amkor Technology had a net margin of 6.17% and a return on equity of 9.88%. Amkor Technology’s revenue was up 27.5% compared to the same quarter last year. During the same period last year, the business earned $0.09 earnings per share. Equities research analysts anticipate that Amkor Technology, Inc. will post 2.08 earnings per share for the current year.
Amkor Technology Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd were given a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, June 3rd. Amkor Technology’s dividend payout ratio (DPR) is 18.86%.
Amkor Technology Company Profile (Free Report)
Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.
In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.
Read More Five stocks we like better than Amkor Technology AMD and Cerbras Create A New Blueprint For Hardware Intel Earnings Reveal Whether the Chip Selloff Created a Buy CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test Plugging In: How Kinder Morgan Powers Up Profits Want to see what other hedge funds are holding AMKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amkor Technology, Inc. (NASDAQ:AMKR – Free Report).
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Fifth Third Bancorp raised its position in shares of Amkor Technology, Inc. (NASDAQ:AMKR – Free Report) by 2,046.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 32,856 shares of the semiconductor company’s stock after purchasing an additional 31,325 shares during the quarter. Fifth Third Bancorp’s holdings in Amkor Technology were worth $1,479,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in AMKR. Smartleaf Asset Management LLC increased its position in shares of Amkor Technology by 180.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 684 shares of the semiconductor company’s stock worth $28,000 after buying an additional 440 shares during the period. Root Financial Partners LLC lifted its holdings in Amkor Technology by 38.8% in the fourth quarter. Root Financial Partners LLC now owns 937 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 262 shares during the period. IFP Advisors Inc boosted its position in Amkor Technology by 91.2% during the third quarter. IFP Advisors Inc now owns 937 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 447 shares during the last quarter. State of Wyoming bought a new stake in Amkor Technology during the fourth quarter valued at $41,000. Finally, Quarry LP acquired a new stake in Amkor Technology during the 4th quarter worth about $42,000. Institutional investors own 42.76% of the company’s stock.
Key Stories Impacting Amkor Technology Here are the key news stories impacting Amkor Technology this week:
Positive Sentiment: Amkor announced a multi-year strategic partnership with NVIDIA to expand advanced semiconductor packaging and test capacity in the U.S. for AI infrastructure. NVIDIA will also provide a prepayment to help fund the expansion, and Reuters reported the deal is worth $1.5 billion, which should support revenue visibility and strengthen Amkor’s role in AI chip supply chains. Article Title Positive Sentiment: Market coverage noted the NVIDIA deal helped send Amkor shares sharply higher intraday, reflecting investor enthusiasm around the company’s exposure to AI hardware spending and long-term packaging demand. Article Title Neutral Sentiment: Despite the strategic win, a Zacks-style market recap said Amkor was still down relative to the broader market in the latest session, suggesting some profit-taking or volatility after the big move. Article Title Neutral Sentiment: Analyst sentiment has been mixed: B. Riley cut its price target to $75 and kept a neutral rating, while Zacks Research upgraded the stock to strong-buy, indicating no clear consensus on near-term upside. Article Title Insider Activity at Amkor Technology In related news, Director Guillaume Marie Jean Rutten sold 50,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $74.28, for a total value of $3,714,000.00. Following the sale, the director owned 502,558 shares in the company, valued at $37,330,008.24. This represents a 9.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Winston J. Churchill sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $78.20, for a total transaction of $391,000.00. Following the completion of the transaction, the director directly owned 28,781 shares in the company, valued at approximately $2,250,674.20. The trade was a 14.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 114,000 shares of company stock valued at $8,631,450 over the last quarter. 26.40% of the stock is currently owned by company insiders.
Analyst Ratings Changes Several research analysts have recently weighed in on AMKR shares. Melius Research raised Amkor Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Monday, April 6th. Zacks Research raised Amkor Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Amkor Technology in a report on Friday, July 17th. UBS Group reissued a “neutral” rating and issued a $80.00 price target on shares of Amkor Technology in a research note on Tuesday, May 26th. Finally, B. Riley Financial cut their price target on Amkor Technology from $90.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $68.00.
Read Our Latest Research Report on Amkor Technology
Amkor Technology Stock Performance Shares of Amkor Technology stock opened at $65.33 on Friday. Amkor Technology, Inc. has a one year low of $20.86 and a one year high of $96.68. The firm has a market capitalization of $16.19 billion, a price-to-earnings ratio of 37.33 and a beta of 2.20. The business has a 50-day simple moving average of $73.47 and a 200 day simple moving average of $60.64. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.74.
Amkor Technology (NASDAQ:AMKR – Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Amkor Technology had a return on equity of 9.88% and a net margin of 6.17%.The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. On average, research analysts anticipate that Amkor Technology, Inc. will post 2.08 earnings per share for the current fiscal year.
Amkor Technology Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd were issued a dividend of $0.0835 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, June 3rd. Amkor Technology’s dividend payout ratio (DPR) is currently 18.86%.
Amkor Technology Company Profile (Free Report)
Amkor Technology, Inc (NASDAQ:AMKR) is a leading provider of outsourced semiconductor packaging and test (OSAT) services, supporting integrated device manufacturers and semiconductor foundries worldwide. The company offers a broad range of advanced packaging solutions, including wafer bumping, flip chip, system-in-package and ball grid array technologies, designed to meet the performance, power and form-factor demands of applications across consumer electronics, automotive, communications and industrial markets.
In addition to packaging, Amkor delivers comprehensive test services such as wafer probing, final test, system-level test and digital, analog and mixed-signal testing, enabling customers to accelerate time-to-market and reduce total costs.
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In the latest trading session, Amkor Technology (AMKR - Free Report) closed at $65.33, marking a -2.45% move from the previous day. This move lagged the S&P 500's daily loss of 1.21%. Meanwhile, the Dow lost 0.97%, and the Nasdaq, a tech-heavy index, lost 2.15%.
The chip packaging and test services provider's stock has dropped by 19.08% in the past month, falling short of the Computer and Technology sector's loss of 4.58% and the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of Amkor Technology in its upcoming release. The company plans to announce its earnings on July 27, 2026. The company is expected to report EPS of $0.47, up 113.64% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.8 billion, up 19.31% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.08 per share and a revenue of $7.59 billion, representing changes of +38.67% and +13.16%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Amkor Technology. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Amkor Technology is carrying a Zacks Rank of #2 (Buy).
In the context of valuation, Amkor Technology is at present trading with a Forward P/E ratio of 32.15. Its industry sports an average Forward P/E of 45.65, so one might conclude that Amkor Technology is trading at a discount comparatively.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 55, this industry ranks in the top 23% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
NVIDIA logo is seen in this illustration taken July 20, 2026. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
July 23 (Reuters) - Amkor Technology (AMKR.O), opens new tab said on Thursday it had entered a multi-year agreement with Nvidia (NVDA.O), opens new tab worth $1.5 billion to expand advanced semiconductor packaging and test capacity in the U.S., as the chip industry races to build out AI infrastructure.
Shares of the semiconductor packaging company jumped 17% in extended trading.
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Here are a few details on the partnership:
Under the agreement, Nvidia will make a prepayment to support the expansion of Amkor's U.S. advanced packaging operations, including capacity in Arizona.
The companies will jointly develop packaging and testing technologies for Nvidia's AI and accelerated-computing platforms, focusing on combining different types of chips in a single package.
Amkor already supplies advanced packaging for Nvidia's product portfolio, including data center processors, and the expanded deal aims to bring new packaging technologies to market as AI infrastructure demand grows.
In June, Amkor entered a 10-year partnership with TSMC (2330.TW), opens new tab, the world's largest contract chipmaker, to enhance semiconductor packaging capabilities in the United States.
Amkor is also working with Advanced Micro Devices (AMD.O), opens new tab to package the semiconductor company's chips.
Reporting by Juby Babu in Mexico City; Editing by Pooja Desai
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Amkor Technology (AMKR - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this chip packaging and test services provider have returned -30.3%, compared to the Zacks S&P 500 composite's +0.5% change. During this period, the Zacks Electronics - Semiconductors industry, which Amkor Technology falls in, has lost 10%. 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.
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 $0.47 per share for the current quarter, representing a year-over-year change of +113.6%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
For the current fiscal year, the consensus earnings estimate of $2.08 points to a change of +38.7% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $2.16 indicates a change of +3.7% from what Amkor Technology is expected to report a year ago. Over the past month, the estimate has changed +1.4%.
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 #2 (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.
In the case of Amkor Technology, the consensus sales estimate of $1.8 billion for the current quarter points to a year-over-year change of +19.3%. The $7.59 billion and $8.27 billion estimates for the current and next fiscal years indicate changes of +13.2% and +9%, respectively.
Last Reported Results and Surprise HistoryAmkor Technology reported revenues of $1.68 billion in the last reported quarter, representing a year-over-year change of +27.5%. EPS of $0.33 for the same period compares with $0.09 a year ago.
Compared to the Zacks Consensus Estimate of $1.65 billion, the reported revenues represent a surprise of +1.97%. The EPS surprise was +43.48%.
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.
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 #2 does suggest that it may outperform the broader market in the near term.
SEOUL, South Korea--(BUSINESS WIRE)--LG Chem (KRX: 051910) announced on July 16 that it has begun mass production and supply of semiconductor strippers to Amkor Technology, marking the company’s first entry into the semiconductor stripper market and accelerating its strategy to expand its semiconductor materials business.
Through our collaboration with Amkor, a world-class semiconductor packaging and testing company, we will further strengthen our competitiveness in delivering customized materials optimized for customers’ manufacturing processes.
Share Amkor Technology is a global leader in outsourced semiconductor assembly and test (OSAT), providing semiconductor packaging and testing services to leading semiconductor manufacturers worldwide.
A semiconductor stripper is a critical process material used to remove photoresist (PR) and residue remaining on semiconductor substrates after circuit patterning. As semiconductor circuits continue to shrink, residue removal performance has become increasingly important, directly affecting manufacturing yield and product reliability. As a result, stripper performance is considered a key factor in determining semiconductor quality.
LG Chem entered the semiconductor stripper market by leveraging the technological expertise and customer support capabilities it developed through its display stripper business. The company demonstrated its technology’s competitiveness by successfully passing the rigorous qualification process required by Amkor, a leading global OSAT customer, with its first semiconductor stripper product.
The stripper supplied to Amkor has been customized and optimized for the company’s new production line. Compared with existing products, it reduces the process time required to remove photoresist and process residue by approximately 50%, significantly improving manufacturing efficiency.
Demand for advanced process materials continues to grow as artificial intelligence (AI) investments and high-bandwidth memory (HBM) demand drive the expansion of advanced semiconductor packaging technologies.
Kim Dong Choon, CEO of LG Chem, said, “Through our collaboration with Amkor, a world-class semiconductor packaging and testing company, we will further strengthen our competitiveness in delivering customized materials optimized for customers’ manufacturing processes.”
Earlier this year, LG Chem announced a strategy to more than double the size of its electronics materials business. As part of this initiative, the company is expanding its semiconductor packaging materials portfolio — including copper-clad laminates (CCL), die attach films (DAF), and photo imageable dielectric (PID) — while accelerating the growth of its high-value-added electronic materials business.
In the latest close session, Amkor Technology (AMKR - Free Report) was down 3.65% at $67.64. This move lagged the S&P 500's daily gain of 0.38%. On the other hand, the Dow registered a gain of 0.29%, and the technology-centric Nasdaq increased by 0.62%.
Shares of the chip packaging and test services provider have depreciated by 18.89% over the course of the past month, underperforming the Computer and Technology sector's loss of 0.53%, and the S&P 500's gain of 1.61%.
Analysts and investors alike will be keeping a close eye on the performance of Amkor Technology in its upcoming earnings disclosure. The company's earnings report is set to go public on July 27, 2026. It is anticipated that the company will report an EPS of $0.47, marking a 113.64% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.8 billion, up 19.31% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.08 per share and revenue of $7.59 billion. These totals would mark changes of +38.67% and +13.16%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Amkor Technology. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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, there's been no change in the Zacks Consensus EPS estimate. Currently, Amkor Technology is carrying a Zacks Rank of #2 (Buy).
In terms of valuation, Amkor Technology is presently being traded at a Forward P/E ratio of 33.7. For comparison, its industry has an average Forward P/E of 48.33, which means Amkor Technology is trading at a discount to the group.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 43, placing it within the top 18% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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 a member of the Computer and Technology sector. This group includes 613 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Amkor Technology is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AMKR's full-year earnings has moved 28.3% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AMKR has moved about 77.8% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 15.8%. This shows that Amkor Technology is outperforming its peers so far this year.
Credo Technology Group Holding Ltd. (CRDO - 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 64.1%.
In Credo Technology Group Holding Ltd.'s case, the consensus EPS estimate for the current year increased 41.7% 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, which includes 50 individual stocks and currently sits at #43 in the Zacks Industry Rank. On average, this group has gained an average of 45% so far this year, meaning that AMKR is performing better in terms of year-to-date returns. Credo Technology Group Holding Ltd. is also part of the same industry.
Amkor Technology and Credo Technology Group Holding Ltd. could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
Key Takeaways AMKR trades at 2.06X forward P/S versus the industry's 9.33X despite strong share gains and growth drivers.AMKR expects advanced packaging revenues to roughly triple in 2026 as AI demand lifts computing growth.Amkor Technology is expanding in Arizona to boost U.S. advanced packaging with 2028 production targeted. Amkor Technology (AMKR - Free Report) trades at a forward 12-month Price/Sales (P/S) multiple of 2.06X compared with the Zacks Electronics-Semiconductors industry average of 9.33X and the Zacks Computer & Technology sector average of 6.98X. The valuation remains cheap despite AMKR's long-term growth opportunity being supported by rising demand for advanced packaging solutions from customers, such as Apple (AAPL - Free Report) and Advanced Micro Devices (AMD - Free Report) .
AMKR’s P/S Valuation
Image Source: Zacks Investment Research
AMKR shares have climbed 67.3% year to date, well ahead of the industry's 50.3% return and the sector's 17% advance. The rally reflects rising demand for advanced packaging, fueled by increasing AI and high-performance computing investments from companies like NVIDIA (NVDA - Free Report) , alongside steady demand across the premium smartphone and automotive markets.
AMKR’s YTD Price Performance
Image Source: Zacks Investment Research
Advanced Packaging Demand Remains a Structural TailwindAMKR's growth engine remains its expanding footprint in advanced packaging, where chiplet-based architectures and high bandwidth memory integration push packaging decisions earlier into system design. AMKR remains one of the few suppliers able to execute at this level of complexity and scale across flip chip, 2.5D and High Density Fan Out (HDFO) platforms. Its HDFO bridge program with Advanced Micro Devices is expected to ramp up in 2027, while NVIDIA has validated AMKR's ability to turn complex silicon into deployable systems at volume. The HDFO platform now spans over five customers at various qualification stages, expanding AMKR's data center pipeline well beyond a single program.
This shift reflects the broader move from transistor scaling toward package-level integration for performance gains, and constrained global advanced packaging capacity supports a favorable long-term demand backdrop for AMKR.
Computing revenues rose 19% year over year in the first quarter of 2026, with AI data center strength offsetting soft personal computer demand. For the second quarter, computing revenues are expected to grow in the mid-single digits sequentially on the new data center CPU ramp, while full-year advanced packaging revenues are projected to roughly triple in 2026.
The Zacks Consensus Estimate for AMKR's 2026 earnings is pegged at $2.08 per share, indicating growth of 38.67% year over year.
Arizona Buildout Expands Addressable OpportunityAmkor Technology's $7 billion two-phase Arizona campus is set to complete the domestic advanced packaging and test flow that leading-edge wafer fabrication in the United States currently lacks. Phase 1 is on track for high-volume manufacturing beginning in 2028, backed by roughly $2.8 billion in combined government incentives, tax credits and customer co-investments. As utilization builds toward full-scale, management expects gross margin at the facility to exceed 30%, well ahead of AMKR's corporate average, with breakeven anticipated around 2029. The Advanced Micro Devices program is expected to be among the first to onshore into Arizona once qualified, giving AMKR an early foothold in domestic compute demand well ahead of full-scale production. AMKR has also secured an additional 67 acres of adjacent land, giving the company room to expand further as a potential second phase takes shape.
Smartphone and Automotive Markets Broaden AMKR’s Growth BaseAMKR's growth story extends well beyond AI and data center programs. Communications remains AMKR's largest end market, climbing 42% from a year earlier on strong premium-tier smartphone demand tied to Apple's current-generation product cycle, with continued strength expected to drive mid- to high-single-digit sequential growth in the second quarter.
Automotive and industrial revenues climbed 28% year over year in the same period, supported by rising content per vehicle as ADAS, in-car computing and electrification adoption expand and are guided to grow further in the mid-single digits sequentially. This diversification strengthens AMKR's overall positioning, complementing its expanding data center relationships with customers such as NVIDIA and giving the company multiple avenues to sustain double-digit growth across a broadening set of end markets.
ConclusionAMKR's long-term growth story remains firmly intact. Rising adoption of advanced packaging across AI and high-performance computing, expanding engagements with leading chipmakers and resilient premium smartphone demand driven by Apple provide multiple growth catalysts. Combined with the Arizona expansion and an attractive valuation relative to the industry, these factors position AMKR to deliver sustained earnings growth over the long term.
AMKR currently carries a Zacks Rank #2 (Buy). This implies that investors should start accumulating the stock at current levels. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways Amkor is benefiting from rising semiconductor content in premium smartphones powered by on-device AI.AMKR expects Q2 communications revenues to rise mid to high single digits sequentially.Amkor sees premium smartphones, AI, HPC and automotive supporting long-term packaging demand. Amkor Technology (AMKR - Free Report) continues to draw strength from resilient premium smartphone demand, a trend that is directly benefiting its communications business. As device makers pack in more on-device AI, higher-performance application processors, upgraded camera systems, and more advanced 5G connectivity, semiconductor content per handset keeps climbing. This rising complexity is fueling demand for advanced packaging solutions, a space where Amkor is well-positioned to capture growth. The communications segment posted 42% year over year revenue growth in the first quarter of 2026, and management expects sequential growth in the mid to high single digits for the second quarter, reflecting sustained momentum across premium iOS and Android devices.
Amkor's packaging portfolio adds further weight to this opportunity. The company supports application processors, modems, RF front-end modules, memory, sensors and system-in-package solutions, giving it broad exposure across the components that define premium smartphone performance. Semiconductor content in premium smartphones is expected to rise from around $225 currently to nearly $400 over the next several years, driven by richer AI functionality and deeper integration. This expansion should widen Amkor's addressable market and reinforce long-term demand for its advanced packaging technologies.
Premium smartphones are expected to remain a key growth driver for Amkor, supported by its wide reach across leading smartphone platforms and differentiated packaging capabilities. Combined with expanding opportunities in AI, high-performance computing and automotive applications, this positions Amkor to sustain its growth trajectory, with premium smartphone demand set to remain a steady tailwind ahead.
How Amkor Stacks Up Against PeersAmkor is benefiting from the growing semiconductor content in premium smartphones, a trend that is also supporting peers ASE Technology (ASX - Free Report) and Taiwan Semiconductor Manufacturing Company (TSM - Free Report) .
ASE Technology continues to expand its advanced system in package and flip chip solutions to support increasingly sophisticated flagship smartphones, while Taiwan Semiconductor Manufacturing Company is scaling advanced packaging capacity for next-generation smartphone application processors. Like ASE Technology and Taiwan Semiconductor Manufacturing Company, Amkor is well positioned to benefit as smartphone manufacturers integrate more AI features, advanced processors and enhanced connectivity into premium devices. Continued investments by ASX and TSM highlight the robust demand outlook for advanced packaging in premium smartphones, reinforcing Amkor's long-term growth opportunity.
AMKR’s Share Price Performance, Valuation & EstimatesAmkor shares have surged 78.5% in the year-to-date period compared with the Zacks Electronics - Semiconductors industry’s appreciation of 50.3% and the Zacks Computer and Technology sector’s return of 17%.
AMKR’s Price Performance
Image Source: Zacks Investment Research
Amkor stock is trading at a forward 12-month price/sales of 2.2X compared with the industry’s 9.33X. AMKR has a Value Score of C.
AMKR’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for AMKR’s second-quarter 2026 earnings is pegged at 47 cents per share, indicating growth of 113.64% year over year.
AMKR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
As the semiconductor chip industry matures, choosing between hardware providers and service partners becomes vital. Should you buy Applied Materials (AMAT +2.27%) or Amkor Technology (AMKR 2.34%) to capture the next wave of innovation?
Applied Materials provides the complex machinery required to build silicon wafers, while Amkor Technology specializes in the final assembly and testing of those chips. Both companies are critical links in the global electronics supply chain, but they operate at different stages of production and carry distinct financial profiles for investors looking at the technology market.
The case for Applied MaterialsApplied Materials provides specialized equipment, services, and software used to manufacture semiconductors, including display systems for advanced electronics. Its technology serves foundries, which are the factories that produce chips, and it remains a prominent name among semiconductor stocks. While two clients accounted for approximately 19% and 15% of net revenue recently, a new 10-year partnership with Taiwan Semiconductor Manufacturing Company aims to secure its role in advanced AI packaging.
In its 2025 fiscal year (FY), revenue reached $28.4 billion, representing growth of 4.4% compared to the prior fiscal year. The company reported net income of $7.0 billion, which was a slight decrease from the $7.2 billion earned in the previous period. This resulted in a net margin of 24.7%, which measures the percentage of revenue remaining as profit after all operating and non-operating expenses are paid.
As of its October 2025 balance sheet, the debt-to-equity ratio is 0.3x, which measures total debt against shareholder equity to show how much the company relies on borrowed money. The current ratio, which compares short-term assets to short-term liabilities, is 2.6x. Free cash flow reached $5.7 billion, representing the cash remaining after the company pays for its operations and capital expenditures.
The case for Amkor TechnologyAmkor Technology is a leader in outsourced semiconductor assembly and test services, providing essential packaging for the communication, automotive, and industrial markets. Its top ten customers account for 72% of sales, with Apple and Qualcomm representing 29.8% and 11.1% of revenue, respectively. Customer concentration like this adds a layer of risk to the business. The company recently finalized a 10-year agreement to expand its advanced testing capabilities in Arizona.
In FY 2025, revenue reached $6.7 billion, which was an increase of 6.2% over the previous fiscal year. The company reported net income of $373.9 million, showing growth from the $354.0 million reported in FY 2024. Its net margin was 5.6%, reflecting the portion of total sales converted into profit after the company covers its manufacturing and service costs.
As of its December 2025 balance sheet, the debt-to-equity ratio is 0.4x, which compares total debt to shareholder equity to assess financial leverage. The current ratio is 2.3x, indicating the company has $2.30 in short-term assets for every $1.00 in short-term liabilities. Free cash flow for the year was $191.0 million, representing the surplus cash generated from operations after accounting for investments in physical assets.
Risk profile comparisonApplied Materials remains highly vulnerable to international export controls, especially regarding technology sales to China. It recently settled export violation claims for $252 million in February of 2026. Additionally, an investigation into potential federal securities law violations and the cyclical nature of hardware demand pose ongoing risks to its financial stability.
Amkor faces significant risks from its reliance on a few major customers, as a loss of orders from its largest client could materially harm its financial results. The company also faces challenges with its Arizona plant expansion, including construction hurdles and strict requirements for government funding under the CHIPS Act. Furthermore, during industry downturns, customers might move packaging in-house to save costs, which threatens the demand for outsourced services.
Valuation comparisonAmkor Technology looks cheaper based on its P/S ratio, which compares market value to sales, while Applied Materials carries a higher Forward P/E based on future earnings estimates.
MetricApplied MaterialsAmkor TechnologySector BenchmarkForward P/E49.5x34.7x35.9xP/S ratio17.0x2.7xSector benchmark uses the SPDR XLK sector ETF. Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Both Applied Materials and Amkor Technology experienced substantial share price increases in 2026 thanks to artificial intelligence. The AI sector’s rapid expansion delivered record revenues for these companies in their most recent quarterly reports, making it a challenge to pick just one to invest in.
Applied Materials posted 11% year-over-year sales growth to $7.9 billion in its fiscal second quarter ended April 26. After a strong earnings result, the company now anticipates its semiconductor equipment business to grow more than 30% this year on the back of robust AI-driven demand.
Amkor Technology achieved outstanding year-over-year revenue growth of 27% to $1.7 billion in Q1. The company shared that the $6.7 billion earned in 2025 is expected to soar to $11 billion by 2030 as AI’s need for advanced packaging solutions drives long-term growth.
Given how each company’s business is shaping up, and the key roles they play in the AI ecosystem, investing in both Applied Materials and Amkor Technology is ideal. But if you had to choose one, Amkor is the better buy right now. Its stock’s price-to-sales ratio and forward earnings multiple are substantially lower than Applied Materials, suggesting it is a better value.
Amkor Technology (AMKR - Free Report) ended the recent trading session at $66.91, demonstrating a +2.42% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.28%. Elsewhere, the Dow saw a downswing of 1.09%, while the tech-heavy Nasdaq appreciated by 0.2%.
The chip packaging and test services provider's stock has dropped by 7.87% in the past month, falling short of the Computer and Technology sector's loss of 1.22% and the S&P 500's gain of 1.64%.
The upcoming earnings release of Amkor Technology will be of great interest to investors. The company's earnings report is expected on July 27, 2026. The company is forecasted to report an EPS of $0.47, showcasing a 113.64% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $1.8 billion, showing a 19.31% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.08 per share and a revenue of $7.59 billion, representing changes of +38.67% and +13.16%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Amkor Technology. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 past month, there's been no change in the Zacks Consensus EPS estimate. At present, Amkor Technology boasts a Zacks Rank of #2 (Buy).
From a valuation perspective, Amkor Technology is currently exchanging hands at a Forward P/E ratio of 31.36. For comparison, its industry has an average Forward P/E of 45.78, which means Amkor Technology is trading at a discount to the group.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 45, finds itself in the top 19% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
On July 07, 2026, Amkor Technology Inc (AMKR) shares fell 6.5% today, bringing the current price to $65.33. Over the past week, the shares have experienced a no
Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of semiconductor packaging and test services, will issue its financial results for the second quarter
Hyperscalers are quietly ending their dependence on legacy graphics processing unit (GPU) makers by aggressively migrating to building their own chips. For years, the major cloud providers operated essentially as toll collectors. They bought commercial GPUs off the shelf at a premium and rented out that compute power to enterprise clients.
That dynamic is breaking down rapidly. Cloud giants recognize that relying on third-party designers for foundational hardware creates unacceptable margin compression. The physical economy of AI infrastructure is shifting away from off-the-shelf components toward proprietary systems that cloud providers control end-to-end.
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Taking the Big Bite: A Volume Spike Disrupts SupplyThe clearest evidence is showing up in Taiwan's supply chain, where order volumes for custom chips are spiking well beyond normal levels. This structural pivot directly threatens the market share of legacy chip designers while creating an extraordinary demand supercycle for the pure-play foundries—companies that manufacture chips but don't design their own—executing these manufacturing orders.
Investors navigating the second half of 2026 should recognize that the most lucrative infrastructure investments are no longer the companies designing generic chips. The real capital is flowing toward cloud providers building proprietary chip ecosystems and contract manufacturers who physically print that silicon for them.
The Premium Platter: Amazon Prices Out CompetitorsAn aggressive move in this transition recently came from Amazon.com, Inc. NASDAQ: AMZN. Amazon Web Services (AWS) recently initiated an urgent supply chain adjustment, instructing Taiwanese server component manufacturers to hike third-quarter 2026 shipment volumes by 20% to 30%. This volume pull-forward targets Amazon's proprietary Trainium 3 infrastructure. Early production for Trainium 3 ramped up in May 2026, and nearly all incoming capacity is fully reserved by core enterprise clients.
Amazon.com Today
$243.57 -0.59 (-0.24%)
As of 11:25 AM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$196.00▼
$278.56P/E Ratio29.15
Price Target$312.79
Amazon is using its dominance in cloud architecture to steer the market toward its proprietary hardware. It recently executed a 20% price increase for reserved commercial GPU capacity. By raising the cost of third-party compute, Amazon makes those chips financially impractical for large-scale workloads, effectively herding enterprise clients into its own Trainium and Inferentia ecosystem.
This strategy is already bearing fruit at an institutional scale. Under the internal moniker Project Rainier, leading artificial intelligence developer Anthropic is actively scaling its compute architecture on hundreds of thousands of Trainium chips. Anthropic openly states that current architecture planning based on a 10x growth multiplier is insufficient, validating the urgent need for localized inference workloads. This aggressive deployment pushes the AWS custom silicon pipeline to an estimated $225 billion in committed customer revenue.
From a valuation standpoint, Amazon absorbs broader market tech rotations with remarkable resilience. Amazon's share price has maintained a steady uptrend in the $240-$245 range, and is up roughly 10% year-over-year. While e-commerce margin compression remains a subtle macro headwind, the stability of cloud revenue and the margin expansion inherent in owning the hardware stack easily offset retail pressures. Trading at a trailing price-to-earnings ratio of 29x, Amazon commands a premium pricing environment entirely driven by these infrastructure expectations.
The Kitchen's Cut: Printing Silicon at a PremiumDesigning custom application-specific integrated circuits (ASICs)—chips designed for one narrow purpose rather than general use—is highly profitable. However, producing them requires specialized fabrication capabilities that cloud providers simply do not possess.
Taiwan Semiconductor Manufacturing Today
TSM
Taiwan Semiconductor Manufacturing
$428.85 -22.94 (-5.08%)
As of 11:25 AM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$223.70▼
$479.00Dividend Yield0.70%
P/E Ratio35.68
Price Target$449.38
Taiwan Semiconductor Manufacturing Co. NYSE: TSM is the definitive pure-play beneficiary of the hyperscaler pivot. It is the sole supplier of custom chips designed by Amazon, Google, and Meta NASDAQ: META.
Foundries represent the ultimate toll road in the semiconductor market. TSMC is currently running its 3nm fabrication capacity at 100% utilization. Because no other manufacturer can reliably yield chips at this advanced node, the manufacturer wields absolute pricing power. Management recently implemented price hikes of 10% to 15% on its 3nm advanced nodes, expanding gross margins to an exceptional 66.2%.
Wall Street analysts are rapidly recalibrating models to account for this pricing leverage. Bank of America recently raised its price target for TSMC to $590, projecting 2027 capital expenditures of $78 billion. Analysts expect gross margins to sustain above 66% through 2028 as combined wafer capacity scales toward 400,000 units per month. S&P Global also revised its outlook to positive, acknowledging the unassailable moat built around leading-edge node manufacturing.
TSMC is actively mitigating geopolitical supply chain headwinds. The company recently executed a 10-year strategic partnership with Amkor Technology NASDAQ: AMKR to expand advanced chip packaging in Arizona. This initiative cements a localized U.S. infrastructure footprint, pairing efficiently with a recent move to raise the quarterly dividend payout to $1.1136 per share.
Shares currently trade in the $435 to $452 range, advancing on heavy volume. The current 36x trailing price-to-earnings multiple represents a substantial expansion from the five-year median of 23x, reflecting the premium investors are willing to pay for absolute market dominance.
Hungry Investors: Asset Managers Gorge on FoundriesCapital allocation flows highlight strong institutional conviction in the foundry-and-custom-silicon thesis. Tier-one asset managers are heavily accumulating shares of primary manufacturers.
Capital Research Global Investors added 6.77 million shares of TSMC, while Capital World Investors accumulated an additional 5.48 million shares in the most recent quarter. Corporate insiders mirror this confidence, executing 77 purchase transactions over the trailing six months, compared with a single sale.
Bearish conviction against this trade is virtually nonexistent. Amazon's short interest is negligible at 1.01% of the public float. While regulatory filings show planned stock sales by Amazon executives, including a 20,500-share open-market sale by the CEO of Worldwide Amazon Stores, these are routine wealth-management exercises rather than bearish signals. Options chains for both Amazon and TSMC reflect elevated implied volatility, squarely targeting the upcoming mid-July 2026 earnings reports as investors position for forward guidance revisions.
Clearing the Table: Rotating Capital to the WinnersMarket data adds necessary nuance to the hardware replacement narrative. Base-layer demand for commercial GPUs remains robust for raw, foundational training workloads. The true shift is materializing in the inference market, which now accounts for two-thirds of all compute spend. As artificial intelligence applications transition from initial training to daily execution, hyperscaler custom silicon is monopolizing localized inference workloads.
Custom integrated circuits carry a 44.6% forward compound annual growth rate, dwarfing the 16.1% growth rate projected for legacy solutions. The data suggests a rapidly evolving hybrid ecosystem where legacy units handle generalized training, while proprietary chips handle the highest-margin, highest-volume inference.
Investors seeking optimal exposure to the next phase of the computing cycle should consider moving capital toward the vertically integrated hyperscalers driving this transition and the sole-source foundries that print the physical architecture.
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Amkor gets upgraded to a buy, from my prior hold rating in 2025, driven by a strong growth thesis, low D/E, and global supply chain. AMKR has seen earnings improvement, growth of a new facility in Arizona, and demand across multiple business segments. Although Fitch rated it just below investment grade, it has a low D/E among peers.
Amkor Technology (AMKR - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this chip packaging and test services provider have returned -5.7%, compared to the Zacks S&P 500 composite's -1.7% change. During this period, the Zacks Electronics - Semiconductors industry, which Amkor Technology falls in, has lost 15.4%. 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.
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 $0.47 per share for the current quarter, representing a year-over-year change of +113.6%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The consensus earnings estimate of $2.08 for the current fiscal year indicates a year-over-year change of +38.7%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.16 indicates a change of +3.7% from what Amkor Technology is expected to report a year ago. Over the past month, the estimate has changed +1.4%.
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 #2 (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 $1.8 billion indicates a year-over-year change of +19.3%. For the current and next fiscal years, $7.59 billion and $8.27 billion estimates indicate +13.2% and +9% changes, respectively.
Last Reported Results and Surprise HistoryAmkor Technology reported revenues of $1.68 billion in the last reported quarter, representing a year-over-year change of +27.5%. EPS of $0.33 for the same period compares with $0.09 a year ago.
Compared to the Zacks Consensus Estimate of $1.65 billion, the reported revenues represent a surprise of +1.97%. The EPS surprise was +43.48%.
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.
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 C on this front, indicating that it is trading at par with 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 #2 does suggest that it may outperform the broader market in the near term.
Key Takeaways Amkor Technology has over a dozen active 2.5D engagements with leading semiconductor customers. AMKR expects advanced packaging revenue from computing applications to triple in 2026 as programs ramp. Amkor Technology reported Q1 2026 revenue of $1.68B, up 27% year over year on AI-driven demand. Amkor Technology's (AMKR - Free Report) expanding 2.5D packaging pipeline is emerging as a key growth lever as AI and high-performance computing customers shift toward chiplet-based architectures. As semiconductor performance gains increasingly depend on package-level integration rather than transistor scaling alone, 2.5D packaging has become central to combining logic chips with high-bandwidth memory. This shift is opening durable opportunities for outsourced assembly and test providers with proven advanced packaging capabilities.
Amkor's expanding pipeline reinforces this opportunity. AMKR maintains over a dozen active 2.5D engagements with leading semiconductor customers and expects several advanced packaging programs to ramp up over the next few years, including high-density fan-out and bridge-based solutions tied to CPU and data center applications. These engagements should deepen customer relationships over multiple product generations and support a richer mix of high-value packaging content as chip complexity continues to rise.
Early financial trends are beginning to reflect the growing contribution of Amkor's 2.5D packaging portfolio. First-quarter 2026 revenues increased 27% year over year to $1.68 billion, supported by growing AI data center demand and higher advanced packaging content. Advanced packaging revenue from computing applications is expected to triple in 2026 as additional 2.5D and high-density fan-out programs ramp, supported by ongoing capacity expansion across Korea, Vietnam and Arizona.
Execution risk remains tied to customer qualification timelines, materials availability and the pace of capacity additions. However, the breadth and depth of Amkor's 2.5D pipeline suggest the platform is well positioned to underpin sustainable long-term growth rather than a single cycle of demand.
How AMKR's Rivals Stack UpAmkor competes with ASE Technology (ASX - Free Report) and Advanced Micro Devices (AMD - Free Report) in the rapidly expanding 2.5D packaging ecosystem. While ASE Technology competes directly with Amkor in outsourced semiconductor assembly and test services, Advanced Micro Devices is driving adoption of 2.5D packaging through its chiplet-based AI accelerators and EPYC processors. Compared with ASE Technology, Amkor is expanding its 2.5D engagement pipeline and manufacturing footprint to capture growing outsourced demand. As Advanced Micro Devices introduces more chiplet-based products, both ASE Technology and Amkor stand to benefit from rising demand for advanced packaging.
AMKR’s Share Price Performance, Valuation & EstimatesAmkor shares have surged 103.2% in the year to date period compared with the Zacks Electronics - Semiconductors industry’s appreciation of 59.5% and the Zacks Computer and Technology sector’s return of 18.2%.
AMKR’s Price Performance
Image Source: Zacks Investment Research
Amkor's stock is trading at a forward 12-month price/sales of 2.5X compared with the industry’s 10.13X. AMKR has a Value Score of C.
AMKR’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for AMKR’s second-quarter 2026 earnings is pegged at 47 cents per share, indicating growth of 113.64% year over year.
AMKR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways ASE Technology and Amkor are benefiting as AI demand lifts advanced chip packaging.ASE Technology's ATM revenues hit a record NT$112.4B, rising nearly 30% in Q1 2026.Amkor posted record Q1 revenues of $1.68B, up 27%, with EPS climbing to $0.33. Artificial intelligence (AI) and high-performance computing are driving unprecedented demand for advanced semiconductor packaging, making outsourced semiconductor assembly and test (OSAT) providers increasingly important to the semiconductor value chain. ASE Technology Holding (ASX - Free Report) and Amkor Technology (AMKR - Free Report) are two global leaders benefiting from this trend, with both reporting strong first-quarter 2026 results and expanding their advanced packaging capabilities.
While both companies are well-positioned to capitalize on the AI-driven packaging cycle, differences in their growth outlook, profitability and earnings trajectory could determine which stock offers superior long-term returns. Let's dive deep and closely compare the fundamentals of the two stocks to determine which one is a better investment now.
The Case for ASE Technology StockASE Technology continues to strengthen its leadership in advanced semiconductor packaging as AI demand reshapes the industry. The company reported first-quarter 2026 revenues of NT$173.7 billion, up 17% year over year, while its Assembly, Testing and Material (ATM) business delivered record revenues of NT$112.4 billion, increasing nearly 30%. Even during a seasonally weak quarter, ATM revenues grew sequentially as demand for AI-related products remained exceptionally strong. Gross margin expanded to 20.1%, and operating income jumped 81% year over year.
AI has become ASE Technology's biggest growth engine. Management noted that AI workloads are reducing the traditional seasonality of the packaging business, with strong demand across LEAP advanced packaging, traditional advanced packaging and wirebond solutions. Computing applications continue to represent a growing portion of revenues as AI accelerators, high-bandwidth memory and advanced processors require increasingly sophisticated packaging technologies.
To support future demand, ASE Technology continues to expand LEAP capacity despite higher near-term depreciation expenses. Management expects newly installed production lines to ramp up primarily during the fourth quarter, supporting sequential margin expansion through the remainder of 2026. The company also benefits from its integrated packaging, testing and EMS operations, diversified customer base and improving factory utilization, all of which strengthen its competitive position.
The primary risks stem from elevated capital expenditures, higher depreciation during capacity expansion, foreign exchange volatility and geopolitical uncertainties. Nevertheless, these appear manageable considering the robust structural demand for AI packaging.
The Case for Amkor StockAmkor has also entered 2026 with considerable momentum. First-quarter revenues reached a record $1.68 billion, increasing 27% year over year as broad-based demand lifted every major end market. Improved factory utilization, growing advanced packaging programs and disciplined execution helped earnings per share climb to 33 cents from 9 cents a year ago.
Advanced packaging remains the centerpiece of Amkor's long-term strategy. Management continues investing heavily in HDFO, flip-chip packaging and advanced testing technologies to support AI servers and data-center processors. Several AI-focused customer programs are expected to ramp up during the second half of 2026, while the company believes advanced packaging will remain its primary long-term growth engine.
Amkor is simultaneously expanding its manufacturing footprint. Construction of its advanced packaging facility in Arizona remains on schedule, while additional manufacturing capacity in Korea will support growing AI infrastructure demand. These investments strengthen relationships with leading semiconductor customers seeking geographically diversified supply chains.
However, Amkor's investment cycle also creates challenges. The company expects capital expenditures of $2.5-$3 billion this year, which will pressure free cash flow in the near term. Export controls, geopolitical uncertainty, supply constraints involving advanced silicon and substrates, and rising material costs also remain important execution risks.
ASE Technology Leads the Performance RaceBoth stocks have significantly outperformed the broader semiconductor industry this year as investors increasingly favor AI infrastructure beneficiaries. ASE Technology shares have surged 149.8% year to date, comfortably ahead of Amkor's impressive 99.4% gain. Both stocks have substantially outperformed the Zacks Electronics-Semiconductors industry's 48.6% return, the Zacks Computer and Technology sector's 13.1% gain and the S&P 500's 7.2% advance.
ASX vs AMKR Price Performance (YTD)
Image Source: Zacks Investment Research
The strength extends across semiconductor infrastructure stocks. Applied Materials (AMAT - Free Report) and KLA Corporation (KLAC - Free Report) have also benefited from AI-driven semiconductor investment and advanced manufacturing demand, rising 143.9% and 104.6% YTD, respectively. However, ASE Technology has delivered the strongest stock performance among this group, highlighting investor confidence in its AI packaging growth strategy.
ASX vs AMKR: Valuation ComparisonFollowing their strong rallies, both stocks trade at premiums to the industry average. ASE Technology currently trades at 35.33X forward 12-month earnings, slightly below Amkor's 37.11X, while the Zacks Electronics-Semiconductors industry trades at 33.61X.
ASX vs AMKR Valuation (P/E F12M)
Image Source: Zacks Investment Research
Compared with semiconductor equipment leaders AMAT (42.78X) and KLAC (50.18X), both ASE Technology and Amkor continue to command healthy valuations as investors increasingly recognize advanced packaging as one of the fastest-growing segments of the semiconductor supply chain. Even so, ASE Technology offers the more attractive valuation of the two while also providing stronger projected earnings growth.
Analysts Continue Raising Earnings EstimatesAnalysts have become increasingly optimistic about both companies, though ASE Technology enjoys stronger long-term growth expectations.
Over the past 60 days, the Zacks Consensus Estimate for ASE Technology's 2026 earnings has increased to 84 cents per share from 77 cents. Analysts expect earnings per share (EPS) to grow 47.4% on 19.6% revenue growth this year, followed by another 73.2% earnings increase on 22.4% revenue growth in 2027.
ASX Estimate Revision Trend
Image Source: Zacks Investment Research
Amkor has also witnessed positive estimate revisions, with the Zacks Consensus Estimate for 2026 EPS increasing to $2.08 from $1.94 over the past 60 days. Analysts currently expect 38.7% earnings growth on 13.2% revenue growth in 2026. However, growth is projected to moderate sharply in 2027, with EPS expected to increase just 3.7% on 9% revenue growth.
AMKR Estimate Revision Trend
Image Source: Zacks Investment Research
ASE Technology's stronger earnings trajectory reflects its larger exposure to AI-driven advanced packaging and suggests greater operating leverage as new capacity ramps.
Which Stock Offers Better Upside?Both ASE Technology and Amkor stand to benefit from the rapid expansion of AI infrastructure, advanced chip architectures and increasing semiconductor packaging complexity. Both companies delivered impressive first-quarter results, continue investing aggressively in advanced packaging capacity and maintain strong relationships with leading semiconductor customers.
However, ASE Technology currently appears to be the stronger investment. The company offers faster revenue growth, superior margin profile, stronger AI-driven ATM momentum, a slightly lower valuation and meaningfully better long-term earnings growth expectations. Its expanding LEAP platform and improving profitability further strengthen its competitive position as AI packaging demand accelerates.
Amkor, having a favorable Zacks Rank #2 (Buy), remains a compelling long-term semiconductor packaging company with solid execution and expanding global capacity. Nevertheless, ASE Technology's stronger fundamentals and better earnings outlook give it the edge as the better chip packaging stock for investors seeking greater upside from the ongoing AI infrastructure buildout. ASE Technology currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Amkor Technology (AMKR - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Amkor Technology is one of 591 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #1 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Amkor Technology is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AMKR's full-year earnings has moved 28.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AMKR has moved about 99.4% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 13% on a year-to-date basis. This means that Amkor Technology is performing better than its sector in terms of year-to-date returns.
One other Computer and Technology stock that has outperformed the sector so far this year is Ceva (CEVA - Free Report) . The stock is up 96.7% year-to-date.
For Ceva, the consensus EPS estimate for the current year has increased 15.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Amkor Technology belongs to the Electronics - Semiconductors industry, a group that includes 47 individual stocks and currently sits at #59 in the Zacks Industry Rank. This group has gained an average of 48.5% so far this year, so AMKR is performing better in this area.
On the other hand, Ceva belongs to the Internet - Software industry. This 169-stock industry is currently ranked #79. The industry has moved -15.8% year to date.
Investors with an interest in Computer and Technology stocks should continue to track Amkor Technology and Ceva. These stocks will be looking to continue their solid performance.
On June 26, 2026, Amkor Technology Inc AMKR shares fell 8.1% to a current price of $78.72. The stock has experienced a significant range over the past year, with a 52-week high of $96.68 and a low of $20.59, showcasing both volatility and substantial growth.
GF Value™ verdict: The current price is $78.72, which is 144.9% above the GF Value™ of $32.15.GF Score™: 74/100 (Above Average), indicating a generally favorable position compared to other stocks.Most notable signal: Insiders sold $8.9 million worth of shares in the last three months, with no buying activity reported. Is AMKR Overvalued or Undervalued? According to GF Value™, Amkor Technology Inc AMKR is significantly overvalued at its current trading price of $78.72, compared to an estimated fair value of $32.15. This indicates an alarming 144.9% overvaluation, suggesting that the stock is trading far above its intrinsic value. The GF Valuation label clearly identifies AMKR as significantly overvalued, reflecting the potential risk for investors who may be entering the stock at this inflated price level.
The margin of safety is critical to consider; purchasing shares at such a premium limits potential upside and increases vulnerability to price corrections. Given the substantial difference between the current price and the GF Value™, it is essential for investors to evaluate their risk tolerance and investment strategies carefully.
How Does AMKR's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 45.0x 14.4x Forward P/E 38.5x N/A The current P/E (TTM) of 45.0x is 211% above its 5-year median P/E of 14.4x. This analysis indicates that AMKR is trading well above its historical valuation levels, aligning with the GF Value™ verdict that the stock is overvalued. The elevated P/E ratio suggests that investors are currently paying a premium that is not supported by historical earnings, reinforcing the caution advised by the GF Value™ assessment.
What Does AMKR's GF Score™ Tell Us? Metric Rating GF Score™ 74/100 Financial Strength 8/10 Profitability 7/10 Growth 7/10 Valuation 1/10 Momentum 9/10 The GF Score™ of 74/100 suggests that Amkor Technology Inc has a solid financial profile, particularly in its Financial Strength (8/10) and Momentum (9/10) ratings. However, the significant weakness in Valuation (1/10) highlights the concerns regarding its current pricing relative to intrinsic value. The Profitability and Growth scores of 7/10 indicate a healthy operational performance, but the overall score suggests caution due to the excessive valuation indicated by the GF Value™ analysis.
What Are Insiders Doing with AMKR Stock? Recent insider activity at Amkor Technology Inc shows that insiders have sold a total of $8.9 million worth of shares over the past three months with no reported buying activity. This pattern of selling without any buying may suggest a lack of confidence among insiders regarding the stock's current valuation and future performance. It is important for potential investors to consider this signal as part of their overall assessment of the stock.
What This Means for Investors Based on the analysis of the GF Value™, Amkor Technology Inc AMKR is currently overvalued. With a significant discrepancy between the current price and the estimated fair value, potential investors should exercise caution and conduct thorough due diligence before considering any position in the stock.
For the complete analysis, visit the Amkor Technology Inc AMKR stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is AMKR's GF Score™?
AMKR has a GF Score™ of 74/100, indicating it is positioned above average compared to other stocks, with strong financial strength and momentum.
Is AMKR overvalued or undervalued?
AMKR is currently overvalued, with a GF Value™ of $32.15 compared to its current price of $78.72, indicating a significant premium in the stock price.
What is AMKR's P/E ratio?
AMKR's P/E (TTM) ratio is 45.0x, which is significantly higher than its 5-year median P/E of 14.4x, indicating that 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].
In the latest trading session, Amkor Technology (AMKR - Free Report) closed at $78.72, marking a -8.06% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.05%. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.24%.
Coming into today, shares of the chip packaging and test services provider had gained 21.31% in the past month. In that same time, the Computer and Technology sector lost 2.81%, while the S&P 500 lost 1.42%.
Investors will be eagerly watching for the performance of Amkor Technology in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.47, reflecting a 113.64% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.8 billion, reflecting a 19.31% rise from the equivalent quarter last year.
AMKR's full-year Zacks Consensus Estimates are calling for earnings of $2.08 per share and revenue of $7.59 billion. These results would represent year-over-year changes of +38.67% and +13.16%, respectively.
Investors might also notice recent changes to analyst estimates for Amkor Technology. These recent revisions tend to reflect the evolving nature of short-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 capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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, there's been no change in the Zacks Consensus EPS estimate. As of now, Amkor Technology holds a Zacks Rank of #3 (Hold).
In terms of valuation, Amkor Technology is presently being traded at a Forward P/E ratio of 41.1. This represents a discount compared to its industry average Forward P/E of 53.76.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 53, this industry ranks in the top 22% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
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 #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. AMKR has a Growth Style Score of A, forecasting year-over-year earnings growth of 38.7% for the current fiscal year.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.46 to $2.08 per share. AMKR also boasts an average earnings surprise of +40.7%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, AMKR should be on investors' short list.
Key Takeaways AMKR is expanding its advanced packaging footprint as AI and computing demand drive adoption.AMKR trades at a valuation discount to industry and sector peers despite its strong momentum.AMKR's Arizona expansion boosts U.S. packaging capacity and supports long-term growth prospects. Amkor Technology (AMKR - Free Report) has emerged as one of the top-performing semiconductor stocks in 2026, with shares soaring 119.7% year to date. The stock has significantly outperformed the Zacks Electronics-Semiconductors industry’s gain of 63.3% and the broader Zacks Computer & Technology sector’s return of 18.7% during the same period.
The rally has been driven by strengthening demand for advanced packaging solutions, growing exposure to artificial intelligence and high-performance computing applications and improving operating performance. AMKR has also benefited from deepening relationships with leading semiconductor companies and expanding opportunities across data center, smartphone and automotive markets.
While such substantial gains may prompt some investors to consider taking profits, recent developments suggest compelling reasons for current shareholders to maintain their positions through the second half of 2026. However, prospective investors may benefit from waiting for more attractive entry points given the current valuation levels.
AMKR Outperforms Industry and Sector
Image Source: Zacks Investment Research
Advanced Packaging Demand Remains a Structural TailwindAMKR's growth engine remains its expanding footprint in advanced packaging, where chiplet-based architectures and high bandwidth memory integration push packaging decisions earlier into system design. Outside of Taiwan, where Taiwan Semiconductor Manufacturing Company (TSM - Free Report) handles much of the industry's most advanced packaging work, AMKR remains one of the few suppliers able to execute at this level of complexity and scale. Its High Density Fan Out (HDFO) bridge program with Advanced Micro Devices (AMD - Free Report) is expected to ramp in 2027, initially in South Korea before onshoring to Arizona, while NVIDIA (NVDA - Free Report) has validated AMKR's ability to turn complex silicon into deployable systems at volume.
Computing revenues rose 19% year over year in the first quarter of 2026, with AI data center strength offsetting soft personal computer demand. For the second quarter, computing revenue is expected to grow in the mid single digits sequentially on the new data center CPU ramp, while full-year advanced packaging revenue is projected to roughly triple in 2026. Automotive and industrial revenue also advanced on rising ADAS and in-car computing content.
Beyond Advanced Micro Devices, the HDFO platform spans over five customers at various qualification stages, with NVIDIA's broader high-performance computing ecosystem further expanding AMKR's data center pipeline, together supporting double-digit growth across most end markets.
The Zacks Consensus Estimate for AMKR's 2026 earnings is pegged at $2.08 per share, indicating growth of 38.67% year over year
Valuation Offers a Cushion Despite the RallyDespite its strong rally, AMKR remains reasonably valued, trading at a forward 12-month price-to-sales ratio of 2.74X, well below the industry average of 9.95X and the broader sector average of 6.67X. The discount appears noteworthy considering AMKR's expanding presence across AI data centers tied to customers like NVIDIA, high-performance computing and premium smartphones. Growing demand for advanced packaging and testing services, stronger participation in next-generation semiconductor designs and a richer business mix are expected to support long-term growth. As AI adoption accelerates and semiconductor content continues to increase across servers and smartphones, AMKR is well-positioned to benefit from rising packaging complexity and higher value opportunities.
AMKR Trades at Discounted P/S Valuation
Image Source: Zacks Investment Research
Arizona Expansion Strengthens Long-Term Growth ProspectsAMKR's Arizona buildout strengthens its long-term growth profile, adding U.S.-based advanced packaging and test capacity as the technology becomes increasingly critical for AI and high-performance computing. AMD's new data center CPU device, slated to ramp in South Korea starting in 2027, is among the programs expected to eventually onshore into Arizona. The facility positions AMKR as one of the few large-scale outsourced assembly and test providers in the United States.
The buildout also aligns with capacity expansion by TSM and other industry players, strengthening the broader U.S. semiconductor ecosystem. Startup costs should weigh modestly on near-term profitability, but Arizona is expected to support higher value programs and lift AMKR's long-term growth and earnings potential.
ConclusionAMKR continues to benefit from strong momentum in advanced packaging, rising AI and high-performance computing demand and investments that expand its long-term growth opportunities. The company is strengthening its position in a market where packaging complexity is becoming a key differentiator relative to large-scale peers such as TSM, while maintaining a valuation discount relative to industry and sector peers. Although the stock has surged sharply year to date, the underlying growth drivers remain intact and should support business performance in the coming years.
With a Zacks Rank #3 (Hold), existing shareholders may consider maintaining their positions and participating in the company's long-term growth story, while prospective investors may wait for a more attractive entry point following the stock's sharp run-up. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Amkor Technology (AMKR - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this chip packaging and test services provider have returned +37.6% over the past month versus the Zacks S&P 500 composite's +2% change. The Zacks Electronics - Semiconductors industry, to which Amkor Technology belongs, has gained 22.1% over this period. Now the key question is: Where could the stock be headed in the near term?
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.
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.
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.
For the current quarter, Amkor Technology is expected to post earnings of $0.47 per share, indicating a change of +113.6% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The consensus earnings estimate of $2.08 for the current fiscal year indicates a year-over-year change of +38.7%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.13 indicates a change of +2.3% 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
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 $1.8 billion indicates a year-over-year change of +19.3%. For the current and next fiscal years, $7.59 billion and $8.14 billion estimates indicate +13.2% and +7.2% changes, respectively.
Last Reported Results and Surprise HistoryAmkor Technology reported revenues of $1.68 billion in the last reported quarter, representing a year-over-year change of +27.5%. EPS of $0.33 for the same period compares with $0.09 a year ago.
Compared to the Zacks Consensus Estimate of $1.65 billion, the reported revenues represent a surprise of +1.97%. The EPS surprise was +43.48%.
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.
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 C on this front, indicating that it is trading at par with 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 #3 does suggest that it may perform in line with the broader market in the near term.
Amkor Technology (AMKR - Free Report) ended the recent trading session at $86.72, demonstrating a -7.3% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 1.44%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 2.22%.
Heading into today, shares of the chip packaging and test services provider had gained 42.28% over the past month, outpacing the Computer and Technology sector's gain of 0.98% and the S&P 500's gain of 0.08%.
The investment community will be paying close attention to the earnings performance of Amkor Technology in its upcoming release. On that day, Amkor Technology is projected to report earnings of $0.47 per share, which would represent year-over-year growth of 113.64%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.8 billion, indicating a 19.31% increase compared to the same quarter of the previous year.
AMKR's full-year Zacks Consensus Estimates are calling for earnings of $2.08 per share and revenue of $7.59 billion. These results would represent year-over-year changes of +38.67% and +13.16%, respectively.
Investors should also pay attention to any latest changes in analyst estimates 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Amkor Technology boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Amkor Technology is currently trading at a Forward P/E ratio of 44.9. This indicates a discount in contrast to its industry's Forward P/E of 56.17.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 58, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Artificial intelligence (AI) investors usually start with Nvidia. That makes sense. The chipmaker sells the graphics processing units (GPUs) that have become the defining hardware of the AI boom.
But the AI supply chain doesn't stop with the chip designer. As accelerators become more complex, semiconductor companies increasingly need advanced packaging -- the step that helps multiple pieces of silicon, memory, and other components work together inside one finished device.
That is where Amkor Technology (AMKR +4.63%) comes in.
Shares of Amkor have more than doubled in 2026 as of this writing, helped by rising interest in advanced packaging and a new 10-year agreement with Taiwan Semiconductor Manufacturing. The move has turned a relatively quiet packaging and test company into one of the more interesting ways to play AI infrastructure without buying Nvidia.
So, is the stock still worth buying after such a big run?
Image source: Getty Images.
Amkor's role in AI chips Amkor is an outsourced semiconductor assembly and test (OSAT) provider. In simpler terms, chip companies and foundries use Amkor to help package and test chips before they make their way into end products.
The company's latest quarter showed why investors are paying attention. Amkor's first-quarter revenue rose 27% year over year to a first-quarter record $1.68 billion. Advanced products, which include flip chip, memory, and wafer-level processing, accounted for $1.37 billion of that revenue. Computing, which includes data center, infrastructure, PCs, laptops, and storage, represented 21% of net sales.
Even more, management said revenue from AI data center applications reached a record in the quarter, driven by strength across multiple customers.
"Leading chip companies continue to trust us for their advanced packaging and test needs," said Amkor CEO Kevin Engel in the company's first-quarter earnings call.
Amkor isn't trying to displace Nvidia. It is trying to become a more important partner to the companies building increasingly complicated chips.
The company's investments line up with that opportunity. Management said it continues to invest in high-density fan-out (HDFO), flip chip, and test capabilities, calling these technologies critical to next-generation AI and high-performance computing. A new HDFO data center CPU program was expected to start ramping in the second quarter, with more meaningful revenue contribution in the third quarter.
Then there is Arizona.
On Tuesday, Amkor and TSMC announced a 10-year agreement under which TSMC can procure advanced packaging and testing services from Amkor in Arizona. Amkor's Arizona campus is expected to support key customers, including Apple and Nvidia, with the first manufacturing facility expected to be completed in mid-2027 and production beginning in early 2028.
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The risks aren't small The problem for investors is that the market has already noticed.
At about $87 per share as of this writing, Amkor trades at about 50 times earnings. That is a rich valuation for a cyclical semiconductor supplier, even for one with a compelling AI-related growth story. It also leaves less room for disappointment if the advanced packaging ramp takes longer than investors expect.
To Amkor's credit, the near-term outlook is strong. Management guided for second-quarter revenue of $1.75 billion to $1.85 billion and earnings per share of $0.42 to $0.52. At the midpoint, both figures would be even higher than Amkor's strong first-quarter results.
But the opportunity is capital-intensive. Amkor expects 2026 capital expenditures of $2.5 billion to $3.0 billion. Management said 65% to 70% of that spending is projected for facilities expansion, including Phase 1 of the Arizona campus, while 30% to 35% is projected for HDFO, test, and other advanced packaging capacity.
That spending could pay off. But it also raises execution risk. Management expects start-up costs tied to Arizona to begin diluting operating income margin by 1 to 2 percentage points in 2027 before improving in 2028.
There is also customer-concentration risk. Amkor's top 10 customers accounted for 68% of net sales in the first quarter. That can be great when big customers are leaning into new programs. But it can hurt quickly if demand shifts or a customer uses another supplier.
Overall, Amkor is a fascinating AI infrastructure stock. It gives investors exposure to a real bottleneck in the semiconductor supply chain, and its TSMC agreement makes the Arizona story more credible. But after the stock's huge run, I wouldn't chase it aggressively here.
With that said, for investors who want a one-layer-deeper AI stock, Amkor deserves a spot on the watch list.
Key Takeaways Amkor is benefiting from stronger demand for advanced packaging in premium smartphones.AMKR is expanding capacity and optimizing production to support higher-value packaging programs.AMKR faces competition from ASE Technology and TSMC as advanced packaging demand rises. Amkor Technology (AMKR - Free Report) continues to benefit from a favorable shift in premium smartphone architecture as a structural growth lever. Premium device adoption is rising alongside accelerating 5G penetration and deeper on device AI integration, pushing processor complexity higher. As semiconductor content per handset expands, demand for advanced packaging formats such as flip chip and system in package solutions should remain well supported within Amkor's communications business.
The communications segment delivered 42% year over year growth in the first quarter of 2026 on healthy iOS ecosystem demand and stable Android shipments across premium tiers. To support this momentum, Amkor is expanding advanced packaging capacity in Korea and Taiwan while shifting select systems in package production to Vietnam, freeing space for higher value programs and lifting utilization across its advanced packaging network. Communications revenue is guided to grow in the mid to high single-digit range sequentially in the second quarter on continued iOS strength, with the full year outlook improving toward high single-digit growth and potentially approaching double digits.
However, material pricing pressures tied to advanced silicon and substrate costs, along with broader geopolitical uncertainty, could complicate margin capture even if volume trends hold. Concentration within premium-tier programs and the iOS ecosystem leaves the segment exposed to demand timing shifts.
The Zacks Consensus Estimate for second-quarter advanced products revenues is pegged at $1.52 billion, implying growth of 24% from the year-ago period, a signal that premium smartphone content gains are translating into higher value revenue rather than just unit volume. Sustaining that trajectory through the back half will hinge on whether iOS and premium Android momentum holds up as comparisons grow tougher.
AMKR Faces Stiff CompetitionAmkor faces increasing competition from ASE Technology (ASX - Free Report) and Taiwan Semiconductor Manufacturing Company (TSM - Free Report) , both of which are expanding advanced packaging capabilities to address rising semiconductor content in premium smartphones.
ASE Technology continues to invest in advanced system-in-package and flip-chip technologies used in flagship mobile devices and AI-enabled applications. Meanwhile, Taiwan Semiconductor Manufacturing Company is aggressively scaling advanced packaging solutions to support increasingly complex processors across smartphones and high-performance computing markets. As ASE Technology and Taiwan Semiconductor Manufacturing Company strengthen their positions, Amkor must continue advancing its packaging technologies and deepening relationships with premium smartphone customers to sustain growth.
AMKR’s Share Price Performance, Valuation & EstimatesAmkor Technology shares have surged 119.3% in the year to date period compared with the Zacks Electronics - Semiconductors industry’s appreciation of 59.6% and the Zacks Computer and Technology sector’s return of 20.2%.
AMKR’s Price Performance
Image Source: Zacks Investment Research
Amkor Technology's stock is trading at a forward 12-month price/sales of 2.74X compared with the industry’s 9.92X. AMKR has a Value Score of C.
AMKR’s Valuation
Image Source: Zacks Investment Research
HSINCHU, Taiwan & TEMPE, Ariz.--(BUSINESS WIRE)--Taiwan Semiconductor Manufacturing Company (NYSE: TSM) and Amkor Technology, Inc. (Nasdaq: AMKR) today announced a 10-year agreement to foster a strong partnership that will enhance advanced semiconductor packaging capabilities in Arizona, strengthening and accelerating investment in the U.S. semiconductor supply chain ecosystem.
The collaboration is expected to enable a more integrated and resilient semiconductor supply chain that benefits customers across a broad range of end markets.
Share The agreement establishes a collaboration framework for TSMC to procure from Amkor advanced packaging and testing services. By working together as partners to expand capacity, the companies aim to enable a more efficient, mutually beneficial operating model while strengthening their ability to support customers’ evolving requirements.
As demand accelerates for high-performance computing, artificial intelligence, and advanced electronics, advanced packaging has become a critical enabler of system-level performance and integration. Through this collaboration, the advanced semiconductor packaging capacity will increase in the region, achieving faster time to market for end customers.
“We are pleased to enter into this Agreement with our partner Amkor,” said Kevin Zhang, senior vice president and deputy Co-COO of TSMC. “We have a long history of experience working with Amkor globally in advanced packaging, and we are confident that our collaboration in the United States will be successful as we look to enhance our capabilities to jointly serve our customers.”
The collaboration is expected to enable a more integrated and resilient semiconductor supply chain that benefits customers across a broad range of end markets.
“This Agreement marks an important next step in our partnership with TSMC as we accelerate advanced semiconductor manufacturing in the U.S. to provide our customers a full U.S. supply chain from advanced silicon manufacturing to tested packaged devices,” said Kevin Engel, chief executive officer of Amkor Technology.
The partnership reflects a shared commitment to expanding semiconductor manufacturing capabilities, particularly in Arizona. Amkor is progressing its advanced packaging and test campus, while TSMC is developing leading-edge semiconductor fabrication facilities, both located in Arizona. Together, these investments support a stronger semiconductor ecosystem in the United States.
About TSMC
Taiwan Semiconductor Manufacturing Company Limited (TSMC) (NYSE: TSM) is the world’s leading dedicated semiconductor foundry, providing advanced process technologies and manufacturing capabilities to enable innovation across a wide range of industries.
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, growth in demand for accelerated computing driven by AI, 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.
Taiwan Semiconductor Manufacturing Company (NYSE: TSM) and Amkor Technology, Inc. (Nasdaq: AMKR) today announced a 10-year agreement to foster a strong partnership that will enhance advanced semiconductor packaging capabilities in Arizona, strengthening and accelerating investment in the U.S. semiconductor supply chain ecosystem.
The agreement establishes a collaboration framework for TSMC to procure from Amkor advanced packaging and testing services. By working together as partners to expand capacity, the companies aim to enable a more efficient, mutually beneficial operating model while strengthening their ability to support customers’ evolving requirements.
As demand accelerates for high-performance computing, artificial intelligence, and advanced electronics, advanced packaging has become a critical enabler of system-level performance and integration. Through this collaboration, the advanced semiconductor packaging capacity will increase in the region, achieving faster time to market for end customers.
“We are pleased to enter into this Agreement with our partner Amkor,” said Kevin Zhang, senior vice president and deputy Co-COO of TSMC. “We have a long history of experience working with Amkor globally in advanced packaging, and we are confident that our collaboration in the United States will be successful as we look to enhance our capabilities to jointly serve our customers.”
The collaboration is expected to enable a more integrated and resilient semiconductor supply chain that benefits customers across a broad range of end markets.
“This Agreement marks an important next step in our partnership with TSMC as we accelerate advanced semiconductor manufacturing in the U.S. to provide our customers a full U.S. supply chain from advanced silicon manufacturing to tested packaged devices,” said Kevin Engel, chief executive officer of Amkor Technology.
The partnership reflects a shared commitment to expanding semiconductor manufacturing capabilities, particularly in Arizona. Amkor is progressing its advanced packaging and test campus, while TSMC is developing leading-edge semiconductor fabrication facilities, both located in Arizona. Together, these investments support a stronger semiconductor ecosystem in the United States.
About TSMC
Taiwan Semiconductor Manufacturing Company Limited (TSMC) (NYSE: TSM) is the world’s leading dedicated semiconductor foundry, providing advanced process technologies and manufacturing capabilities to enable innovation across a wide range of industries.
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, growth in demand for accelerated computing driven by AI, 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260616574153/en/
Amkor Technology (AMKR - Free Report) closed the most recent trading day at $86.55, moving +1.3% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.57%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq lost 1.15%.
The chip packaging and test services provider's stock has climbed by 29.38% in the past month, exceeding the Computer and Technology sector's gain of 2.85% and the S&P 500's gain of 2.14%.
The upcoming earnings release of Amkor Technology will be of great interest to investors. The company is expected to report EPS of $0.47, up 113.64% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $1.8 billion, indicating a 19.31% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.08 per share and a revenue of $7.59 billion, signifying shifts of +38.67% and +13.16%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Amkor Technology. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, Amkor Technology holds a Zacks Rank of #3 (Hold).
Investors should also note Amkor Technology's current valuation metrics, including its Forward P/E ratio of 41.01. Its industry sports an average Forward P/E of 53.71, so one might conclude that Amkor Technology is trading at a discount comparatively.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 58, finds itself in the top 24% echelons 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Key Takeaways Amkor is expanding HDFO, flip-chip and test platforms to support AI data-center and HPC demand.Micron is advancing HBM4 and HBM4E as AI servers lift demand across DRAM, NAND and data-center SSDs.MU trades at 6.5X forward sales versus AMKR's 2.62X, reflecting differing growth and earnings outlooks. Amkor Technology (AMKR - Free Report) and Micron Technology (MU - Free Report) are emerging as key beneficiaries of the accelerating AI infrastructure buildout. As AI workloads become increasingly compute-intensive, demand is rising not only for advanced memory solutions but also for sophisticated semiconductor packaging technologies that enable higher performance and efficiency.
While Micron supplies the DRAM, NAND and high bandwidth memory (HBM) products that power AI servers and accelerators, Amkor provides advanced packaging and testing services that help bring these complex chips to market. Both companies occupy critical positions within the AI semiconductor value chain, but their growth drivers, competitive advantages and earnings profiles differ meaningfully. With AI spending continuing to expand, let's examine which stock offers the more compelling long-term opportunity.
The Case for AMKRAmkor's strategic value lies in its position as the critical enabler between silicon fabrication and end-system deployment. As AI accelerators become larger and more complex, chipmakers are relying on packaging technologies to improve performance, power efficiency and interconnect density. This trend is expected to increase the value of advanced packaging within the semiconductor supply chain, positioning Amkor to benefit from rising AI infrastructure investments.
AMKR is expanding its capabilities across High-Density Fan-Out (HDFO), flip-chip and advanced test platforms, with growing exposure to AI data-center and high-performance computing applications. Management expects a new HDFO data-center CPU program to begin ramping in 2026, while broader customer engagement across advanced packaging technologies continues to expand. The company is also investing heavily in Korea and Arizona to support future demand and increase advanced packaging capacity. During first-quarter 2026, revenues rose 27% year over year to $1.68 billion, while computing revenues increased 19%, reflecting early benefits from AI-related demand.
However, Amkor's growth remains dependent on customer production ramps and semiconductor volumes, making its AI exposure more indirect than companies supplying core AI components. With the Arizona facility expected to dilute operating income margin by approximately 1% to 2% beginning in 2027 and meaningful revenue contribution only materializing from 2028 onward, near-term earnings visibility remains constrained.
The Zacks Consensus Estimate for AMKR’s 2026 EPS is pegged at $2.08, up 13.16% year over year.
The Case for MUMicron's investment thesis is being driven by its direct exposure to the AI memory market. Unlike many semiconductor companies that benefit indirectly from AI infrastructure spending, Micron supplies the DRAM, NAND and HBM products that are essential for AI training and inference workloads. As AI models become larger and more data-intensive, memory content per server is expected to rise significantly, creating a structural demand driver for Micron's portfolio.
Micron is well-positioned to capitalize on this trend through its leadership in HBM, advanced DRAM nodes and data center storage solutions. Micron has already commenced volume shipments of HBM4 for next-generation AI platforms and is advancing HBM4E development for a planned 2027 ramp. Beyond HBM, growing adoption of AI servers is expected to broaden demand for DRAM, NAND and data center SSDs, expanding the company's addressable revenue opportunity across the full memory stack. During the second quarter of fiscal 2026, revenues surged 196% year over year to $23.9 billion, supported by record DRAM, NAND and HBM sales. With supply-demand conditions for both DRAM and NAND expected to remain tight beyond 2026, pricing and profitability are anticipated to stay constructive through the medium term.
As AI adoption scales across data centers, enterprise computing and edge devices, Micron's direct participation in the memory layer of AI infrastructure positions it to capture a growing share of semiconductor value creation.
The Zacks Consensus Estimate for MU's 2026 EPS is pegged at $60.23, up 626.54% year over year.
AMKR vs. MU: Price Performance and ValuationYear to date, shares of MU have surged 243.9%, outperforming AMKR's 109.7% return. Both companies have benefited from the AI-driven semiconductor upcycle, though Micron's more direct exposure to AI memory demand has enabled it to capture a larger share of the value being created across the AI infrastructure ecosystem.
YTD Performance
Image Source: Zacks Investment Research
On a forward price-to-sales basis, MU trades at 6.5X versus AMKR's 2.62X. While Amkor offers a lower valuation, Micron's premium appears supported by stronger earnings visibility, direct exposure to AI memory demand and a more favorable growth outlook. With its 2026 HBM supply already committed and third-quarter fiscal 2026 gross margin projected at approximately 81%, Micron's valuation appears justified by the scale of its AI-driven earnings opportunity.
Forward 12-Month (P/S) Valuation
Image Source: Zacks Investment Research
ConclusionBoth AMKR and MU are well-positioned to benefit from the AI-driven semiconductor buildout. However, Micron's direct participation in the AI memory market, stronger earnings visibility and favorable supply-demand dynamics make it the more compelling pick at this stage, while Amkor's more indirect AI exposure and multi-year execution requirements surrounding its Arizona expansion introduce greater near-term uncertainty. Investors may consider buying MU at current levels while waiting for a more attractive entry point in AMKR.
AMKR currently carries a Zacks Rank #3 (Hold) while MU sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Key Takeaways Amkor sees HDFO and 2.5D demand expanding as AI drives advanced chip packaging needs.AMKR's SWIFT and S-Connect support multi-die integration for next-generation data center processors.AMKR's HDFO and 2.5D customer base has grown beyond five customers at the qualification stages. Amkor Technology (AMKR - Free Report) is building a compelling compute growth thesis around its High-Density Fan-Out (HDFO) platform, and the trajectory ahead looks increasingly credible. As AI infrastructure spending accelerates and chipmakers migrate toward heterogeneous architectures requiring tighter die-to-die integration, HDFO-capable outsourced packaging is set to become a structural bottleneck that Amkor is well-placed to address.
Amkor's SWIFT and S-Connect platforms are designed to scale with this demand, offering fine-pitch interconnects and multi-die integration capabilities that position Amkor as a technically differentiated partner for next-generation data center processors. A new CPU program ramping in the second quarter of 2026 is expected to deliver meaningful revenues from the third quarter onward, with volume building further into 2027.
The customer base engaging across HDFO and 2.5D platforms has expanded to more than five customers at varying qualification stages, suggesting the opportunity is broadening well beyond any single program win. Combined advanced packaging volumes are on track to nearly triple in 2026, with utilization at Korean advanced facilities climbing from the low 50% range in the first quarter of 2025 to the low 70% range in the first quarter of 2026.
However, execution risk is real. Supply constraints across advanced silicon and memory have already deferred an estimated $50 million to $100 million in revenues, and Arizona facility preparation costs are expected to weigh on operating margins in 2027, ahead of meaningful production revenues. The Zacks Consensus Estimate for second-quarter 2026 revenues is pegged at $1.8 billion, implying 19.31% year-over-year growth. If HDFO qualification timelines hold and the customer base continues to broaden, growing adoption of the platform across compute programs could meaningfully strengthen Amkor's compute growth opportunity.
AMKR Faces Stiff CompetitionAmkor faces stiff competition from Intel Corporation (INTC - Free Report) and FormFactor (FORM - Free Report) on the HDFO opportunity.
Intel Corporation is scaling its EMIB and EMIB-T platforms as an alternative high-density interconnect solution, targeting hyperscaler and data center CPU customers that Amkor's HDFO pipeline also depends on.
FormFactor is expanding its HDFO-compatible probe card capacity through a new Texas facility, with FormFactor's Foundry and Logic revenues growing strongly on data center CPU demand.
Intel Corporation and FormFactor together highlight how crowded the HDFO addressable market is becoming, reinforcing the execution risk Amkor faces in qualifying and scaling its HDFO programs before competitors deepen their footholds.
AMKR’s Share Price Performance, Valuation & EstimatesAMKR shares have surged 92.9% year to date compared with the Zacks Electronics - Semiconductors industry’s appreciation of 40.4% and the Zacks Computer and Technology sector’s return of 13.2%.
AMKR’s YTD Price Performance
Image Source: Zacks Investment Research
Amkor is trading at a forward 12-month price/sales of 2.41X compared with the industry’s 8.79X. AMKR has a Value Score of C.
AMKR’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for AMKR’s second-quarter 2026 earnings is pegged at 47 cents per share, unchanged over the past 30 days, indicating growth of 113.64% year over year.
AMKR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
On May 12, 2026, Amkor Technology Inc (AMKR) shares fell 4.1% today, closing at $73.45. The stock has traded between $17.79 and $79.23 over the past 52 weeks, r
TEMPE, Ariz.--(BUSINESS WIRE)--Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of semiconductor packaging and test services, today announced that its Board of Directors has approved a quarterly cash dividend of $0.08352 per share on the company’s common stock. The dividend will be payable on June 23, 2026 to stockholders of record as of the close of business on June 3, 2026.
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 (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 +4.4%, compared to the Zacks S&P 500 composite's +5.6% change. During this period, the Zacks Electronics - Semiconductors industry, which Amkor Technology falls in, has gained 13.3%. 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.
For the current quarter, Amkor Technology is expected to post earnings of $0.47 per share, indicating a change of +113.6% from the year-ago quarter. The Zacks Consensus Estimate has changed +65.9% over the last 30 days.
The consensus earnings estimate of $2.08 for the current fiscal year indicates a year-over-year change of +38.7%. This estimate has changed +28.3% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.13 indicates a change of +2.3% from what Amkor Technology is expected to report a year ago. Over the past month, the estimate has changed +0.9%.
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 #3 (Hold) for Amkor Technology.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile 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.
In the case of Amkor Technology, the consensus sales estimate of $1.8 billion for the current quarter points to a year-over-year change of +19.3%. The $7.59 billion and $8.14 billion estimates for the current and next fiscal years indicate changes of +13.2% and +7.2%, respectively.
Last Reported Results and Surprise HistoryAmkor Technology reported revenues of $1.68 billion in the last reported quarter, representing a year-over-year change of +27.5%. EPS of $0.33 for the same period compares with $0.09 a year ago.
Compared to the Zacks Consensus Estimate of $1.65 billion, the reported revenues represent a surprise of +1.97%. The EPS surprise was +43.48%.
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.
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 C on this front, indicating that it is trading at par with 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 #3 does suggest that it may perform in line with the broader market in the near term.
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What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
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 #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Computer and Technology stock. AMKR has a Momentum Style Score of A, and shares are up 4.4% over the past four weeks.
For fiscal 2026, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.46 to $2.08 per share. AMKR boasts an average earnings surprise of +40.7%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, AMKR should be on investors' short list.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Amkor Technology (AMKR - Free Report) Amkor Technology is a leading outsourced semiconductor assembly and test service provider (OSAT). The company packages and tests integrated circuits for customers across smartphones, data centers, artificial intelligence (AI), automotive, industrial and consumer devices. Its services span package design, wafer bump and probe, wafer back-grind, packaging, burn-in, system-level and final test and drop shipment. Amkor offers advanced packaging technologies, including High-Density Fan-Out (HDFO), 2.5D integration, advanced flip chip, fine pitch bumping, wafer-level processing and system-in-package solutions.
AMKR is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. AMKR has a Growth Style Score of A, forecasting year-over-year earnings growth of 38.7% for the current fiscal year.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.46 to $2.08 per share. AMKR also boasts an average earnings surprise of +40.7%.
With a solid Zacks Rank and top-tier Growth 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, will host its 2026 Investor Day in New York City, followed by participation in the Nasdaq Closing Bell ceremony, on Thursday, May 21, 2026.
The Investor Day will begin at 9:00 AM ET and feature presentations from Kevin Engel, President and CEO, Megan Faust, CFO, and other members of Amkor’s senior leadership team. The program will provide an in-depth review of the company’s long-term strategy, key growth initiatives, and financial outlook.
In conjunction with the event, Amkor will ring the Nasdaq Closing bell later that day, marking the occasion and celebrating the company’s success and strategic momentum.
A live video webcast of the Investor Day presentations, along with a replay and presentation materials, will be available on the Amkor Investor Relations website at ir.amkor.com.
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.
The Real SpaceX Play: 5 Chip Stocks Powering the IPO Before It LaunchesAmkor Technology NASDAQ: AMKR outlined a multi-year growth strategy centered on advanced semiconductor packaging, saying the technology has moved from a back-end manufacturing step to a critical part of system performance, integration and supply-chain design.
During the company presentation, executives said Amkor expects rising demand for high-performance computing, artificial intelligence, automotive electronics and regionalized semiconductor supply chains to reshape its revenue mix and improve its earnings profile over time.
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Advanced Packaging Moves to the Critical Path 5 Stocks to Buy in May Before the Next AI Surge HitsFarshad Haghighi, Amkor’s chief sales officer, said customer engagement is changing because packaging decisions now affect performance, manufacturability, yield, reliability and time to market.
“Packaging is no longer a downstream manufacturing decision. It is system defining,” Haghighi said. He added that customers are bringing Amkor earlier into architecture and design discussions as they adopt chiplets, high-bandwidth memory, advanced power delivery and thermal management.
Amkor Technology Fires Buy Signal After Q1 2026 Earnings BeatHaghighi said the shift is moving customer relationships from transactional programs to multi-year partnerships. Earlier engagement, he said, gives Amkor better visibility into customer roadmaps, timing and scale, which supports more disciplined capacity planning, smoother ramps and better utilization through cycles.
The company highlighted four major end markets:
Computing and AI: Amkor said this is its fastest-growing market, driven by heterogeneous integration, chiplets, 2.5D packaging, high-density interconnects, co-packaged optics and proximity to high-bandwidth memory. Automotive: Amkor said electrification, software-defined vehicles, ADAS, centralized computing and power modules require long product cycles, stringent qualifications and high reliability. Communications: Haghighi said Amkor supports many functions in premium smartphones and expects semiconductor value per premium-tier smartphone to rise from $225 today toward $400 over the next few years. IoT and consumer devices: The company said wearables, hearables, smart home and health devices require compact system-in-package solutions and early collaboration around integration and power efficiency. Haghighi also cited a customer video from Apple Chief Operating Officer Sabih Khan, who said advanced packaging is “a key component” of Apple silicon and described Amkor as “a critical partner” in helping build an end-to-end U.S. silicon supply chain.
Technology Roadmap Focuses on Scalable Platforms Doug Scott, corporate vice president of advanced and mainstream business units, said Amkor sells high-tech packaging and test services that are essential to turning raw silicon into usable high-performance devices.
Scott said the industry is moving from individual chips to “systems of chips,” with packaging acting as the integration layer for bandwidth, latency, power delivery and reliability. He said Amkor’s roadmap is based on scalable platforms including flip chip, 2.5D and high-density fan-out.
The company said it has more than a dozen 2.5D engagements, four high-density fan-out redistribution layer devices ramping to production this year and its first high-density fan-out bridge package expected to ramp next year for AMD. Scott said AMD refers to that CPU device as Elevated Fanout Bridge, or EFB, and said it will initially ramp in South Korea with planned U.S. onshoring at Amkor Arizona.
Scott also said Amkor is developing three co-packaged optics opportunities and described the broader advanced packaging projects as “billion-dollar opportunities over their product life cycles.”
In a customer video, NVIDIA Executive Vice President of Operations Debora Shoquist said Amkor has contributed advanced packaging solutions that support the performance and reliability of NVIDIA products, adding that U.S. investments support a more resilient supply chain.
Arizona Expansion Anchors U.S. Manufacturing Strategy Amkor executives repeatedly emphasized the company’s geographic footprint as a strategic pillar. Scott said Amkor operates across nine countries, 20 factories and 30,000 employees. He said South Korea is Amkor’s high-volume advanced packaging and test hub, Taiwan supports advanced wafer-level technology and test, Vietnam offers geodiversity and cost advantages, and Portugal supports automotive supply resiliency in Europe.
The company said its Arizona campus will add high-volume advanced packaging and test capacity in the United States, including wafer bump, wafer probe, flip chip, high-density fan-out assembly and final test. Scott said the first construction phase includes 355,000 square feet of clean room space and that the Arizona site will be Amkor’s most automated factory.
Amkor also said it recently secured an additional 67 acres adjacent to its 104-acre Arizona property, positioning the company for potential future growth. Construction, workforce development, equipment installation, line verification and qualification are expected to lead to high-volume production as programs clear qualification in 2028.
Kevin Zhang, deputy co-CEO of TSMC, said in a video that TSMC and Amkor have been long-standing partners in Asia and that their Arizona collaboration combines front-end fabrication with advanced packaging and test to support customers’ needs for geographic flexibility.
Financial Targets Call for Revenue and Margin Expansion Megan Faust said Amkor is entering an “invest and ramp” phase from 2025 through 2028, followed by a “ramp and leverage” phase from 2028 onward. She said the first phase includes deliberate growth investments, capacity additions, program qualifications and advanced packaging platform scaling.
Faust said Amkor delivered $6.7 billion in revenue, a 14% gross margin and $1.50 in earnings per share in 2025. For 2028, the company targets revenue of $9 billion, plus or minus $500 million; gross margin of 17.5%, plus or minus 100 basis points; and EPS of $2.50, plus or minus $0.25.
By 2030, Amkor said it expects more than $11 billion in revenue, more than 22% gross margin and EPS greater than $5. Faust said the 2030 EPS target represents more than three times the 2025 result.
Faust said the model assumes a continued shift toward higher-value advanced packaging, initial Arizona ramp costs in 2027 and 2028, and revenue acceleration in 2029 and 2030 as the first Arizona facility comes online. She said the model does not yet include a second Arizona facility.
For Arizona, Faust said Amkor has announced two phases with an estimated total investment of $7 billion. Phase 1 high-volume manufacturing is targeted to begin in 2028, with full-scale build-out by 2030. At full scale, current visibility suggests approximately $1 billion in revenue and gross margins exceeding 30%, she said.
Q&A Highlights Visibility, Capital Spending and Customer Demand In response to analyst questions, Amkor executives said their 2028 and 2030 targets are based on programs where the company has high visibility and confidence, while other pipeline opportunities could provide upside. Executives also said phase 2 of Arizona remains under customer discussion and is not yet included in the long-term model.
Faust said Amkor had $4.1 billion in total liquidity on a pro forma basis as of March 31, including $3 billion in cash and short-term investments and $1.1 billion on its line of credit. She said the company remains committed to growing its regular dividend and has not considered pausing or stopping it.
Amkor said its long-term strategy is based on earlier customer engagement, scalable technology platforms and a geographic footprint designed to support regional supply-chain needs while protecting utilization and returns.
About Amkor Technology NASDAQ: AMKRAmkor 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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Key Takeaways LITE posted record Q3 FY26 revenues, driven by AI transceivers, lasers and cloud networking.Lumentum secured a multibillion-dollar OCS deal and expanded AI manufacturing capacity.AMKR sees AI packaging growth but faces higher capex, supply-chain and geopolitical risks. Lumentum Holdings (LITE - Free Report) and Amkor Technology (AMKR - Free Report) are emerging beneficiaries of the rapid expansion of artificial intelligence infrastructure. Lumentum develops advanced optical and photonic components used in high-speed data center connectivity, while Amkor is a leading outsourced semiconductor packaging and testing company supporting next-generation AI chips.
The two companies share a strong connection to the rapidly expanding AI connectivity ecosystem. As hyperscalers invest heavily in AI servers, networking and chip performance, demand for optical interconnects and advanced semiconductor packaging continues to rise. Recent industry momentum around photonics and advanced packaging makes the comparison especially relevant now.
Since both are positioned to benefit from rising AI data center spending, both stocks offer different ways to benefit from this trend. But which stock looks more promising right now — LITE or AMKR? Let us delve deeper.
The Case for LITE StockLumentum is emerging as one of the strongest beneficiaries of the accelerating AI infrastructure and optical connectivity buildout. The company’s optical and photonic technologies are critical for AI/ML workloads, cloud data centers and high-speed networking applications, positioning Lumentum at the center of next-generation AI connectivity demand.
The company delivered exceptionally strong third-quarter fiscal 2026 results, with revenues surging 90% year over year to a record $808.4 million, driven primarily by AI-related transceivers, laser chips and cloud networking demand. Its robust growth in 100G and 200G EML laser shipments, narrow-linewidth lasers, pump lasers, optical circuit switches (OCS) and 1.6T transceivers — all of which are directly tied to hyperscaler AI data center expansion.
Lumentum’s strengths lie in its broad AI networking portfolio spanning scale-up and scale-across architectures. The company is benefiting from rising demand for co-packaged optics, optical interconnects and high-bandwidth synchronization technologies required for massive AI clusters. It highlighted that several important products have been virtually sold out, driven by strong customer demand.
Strategically, Lumentum strengthened its long-term growth prospects through the acquisition of a fifth indium phosphide fabrication facility in Greensboro, North Carolina, which expands manufacturing capacity for future AI-driven demand. The company also secured a multiyear, multibillion-dollar OCS purchase agreement, reinforcing revenue visibility. With fourth-quarter fiscal 2026 revenue guidance of $960 million-$1.01 billion and non-GAAP EPS guidance of $2.85-$3.05, Lumentum appears well-positioned for sustained earnings expansion as AI infrastructure spending accelerates globally.
The Zacks Consensus Estimate for LITE’s fiscal 2026 earnings is pegged at $8.21 per share, up 6.8% over the past 30 days and reflecting impressive growth of 298.54% year over year.
Image Source: Zacks Investment Research
The Case for AMKR StockAmkor is strengthening its position as a key AI connectivity and semiconductor infrastructure player through advanced packaging and test solutions used in AI data centers, smartphones, automotive electronics and high-performance computing applications. The company continues to benefit from rising demand for advanced packaging technologies such as HDFO, flip-chip and wafer-level processing, which are critical for next-generation AI and data-center chips. Management highlighted growing opportunities from multiple AI and compute customers, including the ramp of a new HDFO data-center CPU program in 2026.
Amkor delivered record first-quarter 2026 revenues of $1.68 billion, up 27% year over year. Gross margin improved to 14.2%, supported by a favorable product mix, higher utilization and cost-management initiatives. AI data-center applications drove record computing revenues, while automotive demand benefited from ADAS and infotainment growth.
The company’s long-term strengths include its broad geographic manufacturing footprint, strong relationships with leading chipmakers and expanding advanced-packaging capabilities. Amkor is investing heavily in its Arizona facility and Korea expansion to support future AI-driven demand and diversify supply chains. Management expects these investments to position the company for a multiyear growth cycle in advanced semiconductor packaging.
However, risks remain. Amkor faces exposure to export controls, geopolitical tensions, material cost inflation, supply-chain constraints in advanced silicon and substrates, and softness in PCs and laptops. The company is also entering an elevated capital expenditure cycle of $2.5-$3 billion through 2027, which could temporarily pressure margins as new facilities ramp production.
The Zacks Consensus Estimate for AMKR’s 2026 earnings is pegged at $2.08 per share, up by 28.4% over the past 30 days. The company reported earnings of $1.50 per share in the year-ago quarter, suggesting 38.67% growth.
Image Source: Zacks Investment Research
Stock Performance: LITE vs. AMKRYear to date, LITE stock has delivered a stellar 135.5% return, nearly doubling the 73.5% gain posted by AMKR. Lumentum’s outperformance is backed by solid AI-driven revenue growth, expanding margins and strengthening demand across its optical networking portfolio. These fundamental tailwinds are backing Lumentum's impressive market performance.
YTD Price Performance Chart
Image Source: Zacks Investment Research
Valuation-wise, Lumentum is currently trading at a premium, as suggested by the Value Score of F. In terms of the forward 12-month Price/Sales ratio, LITE shares are trading at 12.85X, higher than AMKR’s 2.18X. LITE’s premium valuation is supported by its growing exposure to high-growth markets such as co-packaged optics, optical circuit switches and hyperscale AI data-center networking.
Forward 12-Month (P/S) Valuation Chart
Image Source: Zacks Investment Research
ConclusionLumentum stands out as the stronger AI connectivity investment, supported by its rapid AI-driven revenue growth, expanding optical networking demand, strong earnings momentum and growing exposure to hyperscale AI infrastructure. In contrast, Amkor offers solid long-term potential through advanced semiconductor packaging but faces higher cyclical, geopolitical and capital expenditure risks.
Given these factors, LITE seems a better pick for investors than AMKR right now. While Lumentum sports a Zacks Rank #1 (Strong Buy) at present, Amkor has a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank stocks here.
The logo of semiconductor company Advanced Micro Devices (AMD) is displayed over a booth at the Web Summit digital trade show in Vancouver, British Columbia, Canada, May 12, 2026. REUTERS/Chris Helgren Purchase Licensing Rights, opens new tab
SAN FRANCISCO, May 21 (Reuters) - Amkor Technology (AMKR.O), opens new tab is working with Advanced Micro Devices (AMD.O), opens new tab on packaging AMD's chips, Amkor said on Thursday.
Earlier this week, Amkor said it had secured 67 additional acres of land in Arizona next to a 104-acre parcel where it is developing a new campus where it plans to start production in 2028.
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Modern data center chips such as those from AMD and Nvidia (NVDA.O), opens new tab consist of multiple chips packaged together, and those packaging steps have become a key bottleneck in chip production.
Amkor once specialized in less-complex chip packaging but is working to move into more advanced versions of the technology, including through a partnership with Taiwan Semiconductor Manufacturing where Amkor will use some of TSMC's technology at a facility in Arizona to offer some of TSMC's older technologies to joint customers.
While Amkor has previously disclosed planned work with Nvidia and Apple (AAPL.O), opens new tab at the Arizona facility, Amkor CEO Kevin Engel told Reuters that the company is also working with AMD.
"We're moving up the value chain," Engel said. "We're more integrated with the customers, and that's really changing the dynamic to where we can extract more value out of our services."
At an investor event on Thursday, Amkor said it expects to have between $8.5 billion and $9.5 billion of revenue by 2028 and $11 billion in sales by 2030.
The $9 billion midpoint of the 2028 forecast was slightly below analyst estimates of $9.1 billion, according to data from LSEG. Amkor shares declined 2.6% after the forecast.
Reporting by Stephen Nellis in San Francisco; Editing by Mark Porter
Our Standards: The Thomson Reuters Trust Principles., opens new tab
On May 21, 2026, Amkor Technology Inc (AMKR) shares fell 3.8% today, bringing the current price to $65.90. This price is situated between a 52-week high of $79.
Key Takeaways Amkor is ramping a new data center CPU HDFO program, with revenue contribution expected in Q3 2026.AMKR expects advanced packaging volumes across HDFO and 2.5D formats to nearly triple in 2026.Supply constraints delayed up to $100M in revenues, while Arizona prep costs may pressure 2027 margins. Amkor Technology’s (AMKR - Free Report) High-Density Fan-Out (HDFO) platform is becoming a key catalyst for its compute growth strategy as AI and high-performance computing workloads push semiconductor packaging requirements higher. As chipmakers move toward chiplet-based architectures and larger data center processors, advanced packaging technologies capable of improving bandwidth, power efficiency and interconnect density are becoming critical across next-generation AI infrastructure.
Amkor is positioning HDFO at the center of this transition, with a new data center CPU program entering production ramp in the second quarter of 2026 and meaningful revenue contribution expected from the third quarter onward. The opportunity is broadening beyond a single customer program, with engagements across HDFO and related advanced packaging platforms spanning more than five customers at different qualification stages, reflecting growing demand for outsourced advanced packaging capacity. Advanced packaging volumes across HDFO and 2.5D formats are on track to nearly triple in 2026, a trajectory that carries favorable margin implications as these package types command higher value content. Utilization at advanced facilities in Korea rose from the low-50% range in the first quarter of 2025 to the low-70% range in the first quarter of 2026, with new capacity expected to come online by the year-end to support ramps into 2027.
However, scaling HDFO across multiple large compute programs carries execution risks. Advanced silicon and memory supply constraints have already delayed an estimated $50 million to $100 million in revenue into future periods, while Arizona facility preparation costs are expected to pressure operating margins beginning in 2027, before production revenue scales. The Zacks Consensus Estimate for second-quarter 2026 revenues is pegged at $1.8 billion, indicating 19% year-over-year growth. As AI infrastructure increasingly shifts toward heterogeneous compute architectures, sustained execution on HDFO qualification and production ramps could remain central to supporting Amkor's long-term compute growth trajectory.
AMKR Faces Stiff CompetitionAMKR faces stiff competition from Intel Corporation (INTC - Free Report) and FormFactor (FORM - Free Report) , both pursuing overlapping opportunities in AI-driven advanced packaging. Intel Corporation, through its Intel Foundry Services division, is advancing its own chiplet packaging technologies, including EMIB and Foveros, targeting the same data center CPU and HPC customers that AMKR is actively qualifying HDFO programs for.
Intel's ability to bundle design and packaging under one roof remains a structural differentiator. FormFactor competes for compute packaging test revenue, an area where AMKR has been expanding capacity in Korea. FormFactor's probe card solutions are deeply tied to the same advanced node demand wave. While AMKR's scale and pure-play OSAT positioning remain advantages, Intel Corporation and FormFactor reflect how broadly the advanced packaging opportunity is being contested.
AMKR’s Share Price Performance, Valuation & EstimatesAmkor Technology shares have surged 67% year to date compared with the Zacks Electronics - Semiconductors industry’s appreciation of 40.6% and the Zacks Computer and Technology sector’s return of 16.7%.
AMKR’s YTD Price Performance
Image Source: Zacks Investment Research
Amkor Technology's stock is trading at a forward 12-month price/sales of 2.09X compared with the industry’s 9.33X. AMKR has a Value Score of C.
AMKR’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for AMKR’s second-quarter 2026 earnings is pegged at 47 cents per share, up by 67.8% over the past 30 days, indicating growth of 113.64% year over year.
AMKR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It has been about a month since the last earnings report for Amkor Technology (AMKR - Free Report) . Shares have added about 2.9% in that time frame, underperforming 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 the most recent earnings report in order to get a better handle on the recent drivers for Amkor Technology, Inc. before we dive into how investors and analysts have reacted as of late.
Amkor Q1 Earnings Beat Estimates, Revenues Rise Y/Y on Broad DemandAmkor Technology reported first-quarter 2026 earnings of 33 cents per share, which beat the Zacks Consensus Estimate by 43.48%. The company reported earnings of 9 cents per share in the year-ago quarter.
Net sales of $1.68 billion surpassed the Zacks Consensus Estimate by 1.97%. The figure increased 27.5% year over year. The quarter’s performance reflected broad-based end-market strength. Sequentially, sales declined 10.8%, primarily due to seasonality in Communications and Consumer end markets.
AMKR’s Q1 Top Line & MixAmkor’s first-quarter 2026 revenue mix remained tilted toward higher-value work, even as overall sales stepped down sequentially. Advanced products totaled $1.37 billion, up 28.9% year over year but declining 13.2% sequentially as seasonal softness flowed through the broader top line. Mainstream products contributed $313 million, up 21.3% year over year and 1.6% sequentially, providing a steadier baseline relative to the more program-driven advanced mix.
Packaging comprised 89% of first-quarter 2026 sales, and test services accounted for 11%. Net sales from the top ten customers represented 68% in the first quarter of 2026 compared with 72% in the fourth quarter of 2025.
AMKR Q1 End Markets DetailsIn the first quarter, Communications revenues increased 42% year over year, supported by strong demand across premium-tier smartphones.
Computing revenues rose 19% year over year, with the company citing record AI datacenter revenues even as PCs and laptops remained soft.
Automotive and Industrial revenues advanced 28% year over year, and management highlighted record Advanced packaging revenues alongside improving mainstream demand.
Consumer revenues grew 4% year over year, driven by a broad-based improvement in demand across customers.
AMKR's Margin DetailsProfitability improved materially from the year-ago period. Gross profit was $239.0 million, increased 51.7% year over year, and Gross margin expanded to 14.2%, up 230 bps year over year.
Operating income reached $100.3 million, translating to a 6.0% operating margin. Operating margin expanded 360 bps on a year-over-year basis.
AMKR’s Balance Sheet & Cash Flow DetailsAmkor’s liquidity remained a notable support pillar. As of March 31, 2026, total cash and short-term investments were $1.8 billion, while total debt was $1.4 billion. The company also cited liquidity of $2.9 billion and a debt-to-EBITDA ratio of 1.1x.
Amkor paid a quarterly dividend of 8 cents per share on March 31, 2026, and its board authorized the repurchase of up to $300 million of common stock on April 23.
In the reported quarter, net cash provided by operating activities was $145.1 million. The company invested $224.6 million in property, plant and equipment, and it also increased short-term investments on a net basis during the quarter, reflecting ongoing capital deployment priorities.
AMKR’s Q2 & 2026 GuidanceFor the second quarter of 2026, AMKR expects net sales of $1.75 billion to $1.85 billion and a gross margin of 14.5% to 15.5%. Net income is expected to be $105 million to $130 million. Diluted EPS ranges between 42 cents and 52 cents per share.
Full-year 2026 capital expenditures are projected at approximately $2.5 billion to $3.0 billion.
Operationally, the company framed the year as a “strong start,” pointing to an expanding footprint to meet customer needs, improving utilization while monitoring material constraints and preparing for key Advanced packaging ramps. Initiatives highlighted include meeting Arizona campus construction milestones, completing a Korea test building by year's end, investing in advanced packaging platforms and ramping an HDFO datacenter CPU program in the second quarter.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in fresh estimates.
The consensus estimate has shifted 65.88% due to these changes.
VGM ScoresCurrently, Amkor Technology has a great Growth Score of A, a score with the same score on the momentum front. However, the stock was allocated a score of C on the value side, putting it in the middle 20% for value investors.
Overall, the stock has an aggregate VGM Score of A. 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. Interestingly, Amkor Technology has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerAmkor Technology is part of the Zacks Electronics - Semiconductors industry. Over the past month, Lam Research (LRCX - Free Report) , a stock from the same industry, has gained 28.4%. The company reported its results for the quarter ended March 2026 more than a month ago.
Lam Research reported revenues of $5.84 billion in the last reported quarter, representing a year-over-year change of +23.8%. EPS of $1.47 for the same period compares with $1.04 a year ago.
For the current quarter, Lam Research is expected to post earnings of $1.65 per share, indicating a change of +24.1% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.3% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for Lam Research. Also, the stock has a VGM Score of D.
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 +1.2%, compared to the Zacks S&P 500 composite's +6% change. During this period, the Zacks Electronics - Semiconductors industry, which Amkor Technology falls in, has gained 19.8%. 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.
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.
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 $0.47 per share for the current quarter, representing a year-over-year change of +113.6%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
For the current fiscal year, the consensus earnings estimate of $2.08 points to a change of +38.7% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $2.13 indicates a change of +2.3% 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 GrowthWhile 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.
In the case of Amkor Technology, the consensus sales estimate of $1.8 billion for the current quarter points to a year-over-year change of +19.3%. The $7.59 billion and $8.14 billion estimates for the current and next fiscal years indicate changes of +13.2% and +7.2%, respectively.
Last Reported Results and Surprise HistoryAmkor Technology reported revenues of $1.68 billion in the last reported quarter, representing a year-over-year change of +27.5%. EPS of $0.33 for the same period compares with $0.09 a year ago.
Compared to the Zacks Consensus Estimate of $1.65 billion, the reported revenues represent a surprise of +1.97%. The EPS surprise was +43.48%.
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.
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.
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 C on this front, indicating that it is trading at par with 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 #3 does suggest that it may perform in line with the broader market in the near term.
