Amkor Technology Q2 revenue rises 26%, beats estimates
Amkor Technology Q2 revenue rises 26%, beats estimates
Overview
Semiconductor packaging provider's Q2 revenue rose 26% yr/yr, beating analyst expectations
Adjusted EPS for Q2 rose to $0.70
Company saw record revenue in computing and automotive & industrial end markets
Outlook
Amkor sees Q3 2026 net sales of $1.95 bln to $2.05 bln
Company expects Q3 2026 gross margin of 18.5% to 19.5%
Amkor forecasts Q3 2026 net income of $180 mln to $205 mln, or $0.72 to $0.82 per diluted share
Result Drivers
END MARKET GROWTH - Record revenue in Computing and Automotive & Industrial end markets drove Q2 results, per CEO Kevin Engel
STRATEGIC PARTNERSHIPS - Expansion of partnerships across the semiconductor ecosystem supported growth, per CEO Kevin Engel
ADVANCED PACKAGING INVESTMENT - Continued expansion of advanced packaging and test capacity contributed to improved results, per CEO Kevin Engel
Company press release: ID:nBwb5yMpRa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | $1.90 bln | $1.81 bln (8 Analysts) |
Q2 EPS |
| $0.70 |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the semiconductor equipment & testing peer group is "buy."
Wall Street's median 12-month price target for Amkor Technology Inc is $75.00, about 15.5% above its July 24 closing price of $64.96
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 24 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)