# Amkor Technology, Inc. (AMKR)

> Source: Nexqual · https://nexqual.com/AMKR · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Amkor Technology, Inc. (AMKR), nexqual.com/AMKR" · informational, not investment advice.

**Price:** USD 39.05 (-10.70% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 43.73 · day 38.69–41.77 · 52w 29.5–96.68 · market cap $9.70B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $7.46B, net income $555M (7.4% margin), free cash flow -$172M (SEC filings).
- Valuation: P/E 17.5x (avg 22.4x at the last 3 fiscal year-ends), EV/EBITDA 7.3x, net debt $3.6M.
- 1 of 80 tracked superinvestors hold AMKR (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.18 on a 1–5 scale) (11 analysts), mean target USD 74.5 (range 46–92).
- Total return with dividends: 1Y +23.0% vs S&P 500 +14.9%; 5Y +87.6% vs S&P 500 +80.3%.
- Next earnings: 2026-10-26, EPS estimate USD 0.78, revenue estimate $2.04B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $6.14B | $7.09B | $6.50B | $6.32B | $6.71B | $7.46B |
| Gross profit | $1.23B | $1.33B | $943M | $933M | $939M | — |
| Operating income | $763M | $897M | $470M | $438M | $467M | $644M |
| Net income | $643M | $766M | $360M | $354M | $374M | $555M |
| EPS (diluted) | $2.62 | $3.11 | $1.46 | $1.43 | $1.50 | — |
| Free cash flow | $342M | $190M | $521M | $345M | $191M | -$172M |
| Gross margin | 20.0% | 18.8% | 14.5% | 14.8% | 14.0% | — |
| Operating margin | 12.4% | 12.7% | 7.2% | 6.9% | 7.0% | 8.6% |
| Net margin | 10.5% | 10.8% | 5.5% | 5.6% | 5.6% | 7.4% |
| Revenue growth | +21.5% | +15.5% | -8.3% | -2.9% | +6.2% | — |
| Cash + short-term investments | $1.08B | $1.24B | $1.59B | $1.65B | $1.99B | — |
| Total debt | $1.15B | $1.24B | $1.21B | $1.16B | $1.46B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 17.5x · P/S 1.3x · EV/EBITDA 7.3x · EV/Sales 1.3x · P/B 2.1x · FCF yield -1.78% · Earnings yield 5.73% · Dividend yield (paid, TTM) 0.85% · Net debt $3.6M · EV $9.71B
P/E at fiscal year-ends: Dec 2025 26.2x, Dec 2024 18.0x, Dec 2023 22.9x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold AMKR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Lee Ainslie | Maverick Capital | 0.01% | $764K | New position |

## Analysts
Consensus Buy (mean 2.18 on a 1–5 scale), 11 analysts; mean target USD 74.5 (low 46, high 92).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | B. Riley Securities | Target lowered | Neutral | $65 → $46 |
| 2026-08-27 | B of A Securities | Initiated | Buy | $70 |
| 2026-07-28 | Morgan Stanley | Target raised | Equal-Weight | $69 → $70 |
| 2026-07-28 | B. Riley Securities | Target lowered | Neutral | $75 → $65 |
| 2026-07-28 | Needham | Reiterated | Buy | $90 |
| 2026-07-25 | UBS | Upgrade | Neutral → Buy | $80 → $90 |
| 2026-07-22 | B. Riley Securities | Target lowered | Neutral | $90 → $75 |
| 2026-06-25 | B. Riley Securities | Target raised | Neutral | $70 → $90 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +23.0% | +87.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +23.1% | +13.4% |
| Volatility (annualized) | 80.2% | 54.6% |
| Max drawdown | -58.2% (Jun 2026→Oct 2026) | -63.8% (Jul 2024→Mar 2025) |

## Peers (Semiconductor Equipment & Materials)
ONTO (Onto Innovation Inc.) USD 198.67 -10.57% · NVMI (Nova Ltd.) USD 310.13 -6.37% · FORM (FormFactor, Inc.) USD 95.03 -15.29% · CAMT (Camtek Ltd.) USD 119.48 -10.23% · ENTG (Entegris, Inc.) USD 128.31 -13.12% · Q (Qnity Electronics, Inc.) USD 108.78 -9.48%

## More
Full page: https://nexqual.com/AMKR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in AMKR's own 10-K filed 2026-02-20 (https://www.sec.gov/Archives/edgar/data/1047127/000104712726000014/amkr-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Apple (AAPL) | "Direct sales to Apple and Qualcomm accounted for 29.8% and 11.1% of our net sales, respectively, for the year ended December 31, 2025." |
| Customer | Qualcomm (QCOM) | "Direct sales to Apple and Qualcomm accounted for 29.8% and 11.1% of our net sales, respectively, for the year ended December 31, 2025." |
| Competitor | ASE Technology (ASX) | "We face competition from established packaging and test service providers primarily located in Asia, including ASE Technology, JCET Group and Powertech Technology." |

Other companies that name AMKR in their own reports (relationship from AMKR's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| customer | Credo Technology Group Holding Ltd (CRDO) | 10-K 2026-06-15 | "•Package, Assembly and Testing: Upon the completion of processing at the foundry, we use third-party contractors for packaging, assembly and testing, including Amkor Technology Inc. (Amkor) and Advanc…" |
| customer | ASE Technology Holding Co., Ltd. (ASX) | 20-F 2026-04-01 | "Examples of mergers and acquisitions by and among semiconductor packaging and testing companies include Jiangsu Changjiang Electronics Technology's acquisition of STATS ChipPAC, Nantong Fujitsu Microe…" |
| customer | QUICKLOGIC Corp (QUIK) | 10-K 2026-03-27 | "We depend upon GlobalFoundries, TSMC, SkyWater Technologies, Honeywell Aerospace, Amkor Technology, Inc., Integra Specialty Products, and Golden Altos Corp. to manufacture our new hardware products." |
| customer | EVERSPIN TECHNOLOGIES INC. (MRAM) | 10-K 2026-03-04 | "We utilize third-party industry-leading assembly and test sub-contractors, including Amkor, OSE, GTC, ChipMos and Sigurd UTC." |
| customer | Astera Labs, Inc. (ALAB) | 10-K 2026-02-20 | "We use Advanced Semiconductor Engineering and Amkor Technologies to assemble, package, and test our ICs." |
| customer | LATTICE SEMICONDUCTOR CORP (LSCC) | 10-K 2026-02-13 | "We rely on our OSATs in Malaysia, Taiwan and Japan to support the packaging and test of our products, including Advanced Semiconductor Engineering and Amkor Technology." |
| customer | QUALCOMM INC/DE (QCOM) | 10-K 2025-11-05 | "Our primary semiconductor assembly and test suppliers are Advanced Semiconductor Engineering, Amkor Technology, Siliconware Precision Industries and STATSChipPAC." |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Advanced products | $1.56B | 82.0% | +26.7% |
| Mainstream products | $341.3M | 18.0% | +20.7% |
| Total revenue | $1.90B | 100% | — |

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $4.40B | 65.6% | +10.4% |
| Non Us | $2.31B | 34.4% | -1.0% |
| — EMEA (part of Non Us) | $852.8M | 12.7% | +4.3% |
| — Asia Pacific Excluding Japan (part of Non Us) | $733.5M | 10.9% | +2.4% |
| — Japan (part of Non Us) | $724.6M | 10.8% | -9.5% |
| Total revenue | $6.71B | 100% | — |

## Customer concentration

Period ended 2025-12-31: 29.8%, 11.1% of revenue from unnamed direct customers (10-K, filed 2026-02-20).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.78 | $0.65 | +21.5% | $2.04B | 9 |
| Next quarter (ends 2026-12-31) | $0.78 | $0.68 | +14.6% | $2.04B | 9 |
| Current fiscal year (ends 2026-12-31) | $2.60 | $2.13 | +22.0% | $7.66B | 9 |
| Next fiscal year (ends 2027-12-31) | $2.81 | $2.57 | +9.5% | $8.66B | 9 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-10-30 (includes earnings 2026-10-26): ±13.5%; last 8 reports averaged ±11%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 114.8% | ±13.5% |
| 2026-11-06 | 14 | 99.9% | ±16.1% |
| 2026-11-13 | 21 | 92.5% | ±18.2% |
| 2026-11-20 | 28 | 80.7% | ±18.1% |
| 2026-11-27 | 35 | 75.5% | ±19.0% |
| 2026-12-04 | 42 | 75.1% | ±20.6% |
| 2026-12-18 | 56 | 71.3% | ±22.5% |
| 2027-01-15 | 84 | 68.5% | ±26.2% |