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$12.4B
Market Cap
26.3
P/E
0.62
PEG
10.1%
ROCE
8.7%
ROE
0.33
D/E
7.0%
OPM
-48.3%
% from 52W High
82
α RS
🔍 AMKR is showing a momentum setup because RS Rating is 82 and it matches 2 of 37 tracked screener presets. Net: Partial signal stack, not a recommendation. ? RS Rating Conviction
Sources
RS Rating 82 · Conviction 2/37
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Currency-adjusted total returns for AMKR including FX impact
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📈 Price History
Ratio Health
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About

Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 2.99M $134.8M 0.17% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$1.9B
+26% YoY
Operating Income
$200M
+117% YoY
Operating Margin
10.5%
+4.4pp YoY
Net Income
$174M
+222% YoY
What Went Right
  • Record Q2 revenue of $1.9B, up 26% YoY and 13% QoQ, ahead of the high end of guidance.
  • Record quarterly revenue in computing (+20% QoQ) and automotive/industrial (+17% QoQ).
  • Gross margin expanded to 16.8%, up >250bps QoQ; EPS nearly tripled YoY to $0.70.
  • Announced a 10-year TSMC advanced packaging agreement and a multi-year NVIDIA partnership.
What to Watch
  • Q3 communications revenue expected to decline high single digits QoQ due to SiP relocation to Vietnam, memory supply constraints and build-pattern changes; softness may extend into Q4/H1 2027.
  • Android revenue fell 20% QoQ in Q2 on memory supply dynamics, and industry smartphone unit volumes are expected to be down this year.
  • Arizona Phase I is now fully committed, but US manufacturing ramp is expected to add depreciation and underutilization headwinds, especially in 2028.
Management Guidance
  • Q3 2026 net sales of $1.95B-$2.05B.
  • Q3 2026 gross margin of 18.5%-19.5%; operating expenses of approximately $140M.
  • Q3 2026 net income of $180M-$205M, or $0.72-$0.82 per diluted share.
  • Full-year 2026 CapEx of $2.5B-$3.0B; full-year effective tax rate of approximately 20%.
Investor Lens
The thesis is stronger after this call: record revenue, expanding margins and major TSMC and NVIDIA partnerships de-risk the long-term AI/HPC packaging opportunity. Q3 guidance implies another sequential profit step-up despite a softer communications quarter. The main offsets are memory constraints and the SiP transition, plus the anticipated Arizona depreciation drag beginning around 2028.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Record $1.9B revenue, up 26% YoY; margin and AI pipeline strengthen.
Revenue
Q2 net sales were $1.898B, up 26% YoY and 13% QoQ. Computing and automotive/industrial each set quarterly records, up 20% and 17% QoQ respectively; all end markets grew YoY, with communications at 42% of sales.
Profitability
Net income was $174M, or $0.70 per diluted share, up sharply from $54M and $0.22 a year ago. Operating income more than doubled to $200M, helped by higher utilization and favorable mix.
Margins
Gross margin expanded to 16.8%, up from 14.2% in Q1 and 12.0% in Q2 2025. Operating margin was 10.5% versus 6.1% in the prior-year quarter. Q2-to-Q3 margin improvement is expected to be driven primarily by product mix from the accelerating compute ramp.
Balance Sheet
Cash and short-term investments totaled $2.5B, with total liquidity of $3.6B and total debt of $2.5B; debt-to-EBITDA was 1.8x. Amkor issued $1.15B of 0% convertible notes in May and plans FY2026 CapEx of $2.5B-$3.0B.
Key Risks
Q3 communications is guided down high single digits due to the SiP move to Vietnam, memory supply constraints and build-pattern changes; weakness may persist into Q4 and H1 2027. Android revenue declined 20% QoQ in Q2, and Arizona's future depreciation is a margin headwind for 2028.
Outlook
Q3 revenue is guided to $1.95B-$2.05B with gross margin of 18.5%-19.5%, net income of $180M-$205M and EPS of $0.72-$0.82. Computing revenue is expected to grow roughly 30% QoQ, with automotive/industrial up mid-single digits and consumer up mid-teens.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-27
Record Q2 revenue of $1.9B, up 26% year-over-year, driven by broad-based growth and strong demand in computing, automotive, and industrial. Strategic partnerships with TSMC and NVIDIA, global capacity expansion, and robust AI-related demand position the company for continued growth.
Q1 2026 Q1 2026 2026-04-27
Record Q1 revenue grew 27% YoY, led by strong communications and advanced packaging demand. Gross margin and profitability improved, with robust outlook for Q2 and full-year 2026, supported by strategic investments in Arizona and Korea and strong liquidity.
Q4 2025 Q4 2025 2026-02-09
Q4 2025 revenue rose 16% year-on-year to $1.89B, with EPS of $0.69, and full year revenue grew 6% to $6.7B. 2026 guidance projects strong growth in computing and automotive, with CapEx rising to $2.5–$3B, focused on facility expansion and advanced packaging.
Q3 2025 Q3 2025 2025-10-27
Q3 revenue and EPS exceeded guidance, driven by strong advanced packaging demand and record communications and computing sales. Strategic investments, including a $7B Arizona campus, support long-term growth, while margin pressures persist from higher material and manufacturing costs.
Q2 2025 Q2 2025 2025-07-28
Second quarter revenue rose 14% sequentially to $1.51 billion, with all end markets showing double-digit growth and strong momentum in AI, computing, and communications. Q3 revenue is guided up 27% sequentially, driven by seasonal communications and continued investment in advanced packaging and test capacity.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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