Analyst Consensus ?
ConsensusHold13 ratings
Bullish753.8%
Neutral538.5%
Bearish17.7%
1 unmapped firm rating excluded from the percentages.
Amkor Technology, Inc. · AMKR · FY2025 Q3 · Calendar Q4 2025
Amkor posts record communications and computing sales as Q4 outlook moderates
Amkor’s Q3 results show strong demand across communications and computing, supported by advanced-packaging activity, but management’s Q4 outlook and stated cost and mix pressures make margin delivery and execution central to the growth story.
Reported After market closeNASDAQTechnology
$9.79B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.51
Consensus $0.42
EPS surprise
+21.4%
Reported versus consensus
Reported revenue
$1.99B
Consensus $1.84B
Revenue surprise
+8.0%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-3.1%
Event window
SPY move
+0.3%
Same window
Abnormal move
-3.3%
Stock minus SPY
Volume
3.6×
Versus trailing sessions
Subsequent drift
+5.1%
Up to 20 sessions
AMKRSPY benchmark
Ask FN2 about AMKR FY2025 Q3
Transcript, numbers and history already loaded
Why did AMKR fall 3.1% after beating EPS estimates in FY2025 Q3?What changed in AMKR's guidance and outlook in FY2025 Q3?Give me the bull and bear case for AMKR after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Q3 revenue reached $1.99 billion, up 31% sequentially, with record communications and computing segment revenue. Management maintained its guidance outlook, while its Q4 outlook indicates an 8% sequential revenue decline and 12% year-over-year growth; gross margin guidance includes an asset-sale benefit. The Arizona campus investment was increased to $7 billion, and CEO Giel Rutten announced his retirement with Kevin Engel named as successor.
Guidance delta
Management’s guidance sentiment was maintained. Q4 revenue guidance implies an 8% sequential decline but 12% year-over-year growth, with gross margin expected at 14–15% including the asset-sale benefit.
Key takeaways
- Q3 revenue of $1.99 billion rose 31% sequentially; reported EPS and revenue exceeded consensus estimates.
- Communications revenue rose 67% sequentially and computing revenue rose 12%, both reaching records.
- Management cited demand drivers including AI, high-performance computing, automotive ADAS and advanced packaging.
- The Q4 outlook anticipates sequential revenue contraction and margin pressure, despite year-over-year revenue growth.
- The Arizona campus plan and CEO succession are material strategic and execution developments.
Management priorities
- Ramp high-density fan-out products and additional SiP offerings.
- Develop CoWoS-L and related advanced-interposer technologies.
- Advance the Arizona campus, with Phase 1 completion planned for mid-2027 and production start in early 2028.
- Improve capacity and efficiency in Japan and Vietnam.
- Address operational efficiency and gross-margin improvement while scaling advanced packaging.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$39.5Current
$30Low
$57.31Average
$90High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 2, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Needham | Buy | Buy | Maintain | Oct 27, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Oct 27, 2026 |
| B. Riley Securities | Neutral | Neutral | Maintain | Oct 27, 2026 |
| UBS | Buy | Neutral | Upgrade | Jul 24, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Apr 28, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Feb 10, 2026 |
| DA Davidson | Buy | Buy | Maintain | Oct 28, 2025 |
| Keybanc | Overweight | Downgrade | Apr 17, 2025 | |
| Credit Suisse | Neutral | Outperform | Downgrade | Oct 12, 2021 |
| Citigroup | Sell | Sell | Maintain | Apr 29, 2020 |
| Sidoti & Co. | Buy | Buy | Maintain | Apr 28, 2020 |
| Deutsche Bank | Hold | Hold | Maintain | Apr 28, 2020 |
| Topeka Capital | Buy | Buy | Maintain | Apr 29, 2014 |
| Topeka | Buy | Buy | Maintain | Apr 29, 2014 |
Named analyst price targets
Upside is calculated against the persisted current price $39.5. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Needham | Charles Shi | $55 | $36.81 | +39.2% | Oct 27, 2026 |
| Goldman Sachs | Analyst unavailable | $56 | $36.81 | +41.8% | Oct 27, 2026 |
| Morgan Stanley | Analyst unavailable | $63 | $36.81 | +59.5% | Oct 27, 2026 |
| Morgan Stanley | Analyst unavailable | $70 | $60.71 | +77.2% | Jul 28, 2026 |
| UBS | Analyst unavailable | $90 | $65.69 | +127.8% | Jul 24, 2026 |
| UBS | Randy Abrams | $80 | $73.31 | +102.5% | May 26, 2026 |
| Morgan Stanley | Joseph Moore | $69 | $72.8 | +74.7% | Apr 28, 2026 |
| Needham | Analyst unavailable | $90 | $75.62 | +127.8% | Apr 28, 2026 |
| Goldman Sachs | James Schneider | $65 | $75.62 | +64.6% | Apr 28, 2026 |
| Needham | Charles Shi | $65 | $50.69 | +64.6% | Feb 10, 2026 |
| Morgan Stanley | Analyst unavailable | $45 | $53.14 | +13.9% | Feb 10, 2026 |
| UBS | Analyst unavailable | $43 | $52.52 | +8.9% | Feb 10, 2026 |
| UBS | Analyst unavailable | $55 | $52.29 | +39.2% | Jan 12, 2026 |
| UBS | Analyst unavailable | $38 | $51 | -3.8% | Jan 9, 2026 |
| UBS | Analyst unavailable | $50 | $42.92 | +26.6% | Jan 5, 2026 |
| Needham | Charles Shi | $50 | $42.92 | +26.6% | Jan 5, 2026 |
| Needham | Charles Shi | $37 | $29.98 | -6.3% | Oct 28, 2025 |
| Goldman Sachs | Analyst unavailable | $29 | $31.66 | -26.6% | Oct 28, 2025 |
| Morgan Stanley | Joseph Moore | $20 | $25.08 | -49.4% | Jul 29, 2025 |
| D.A. Davidson | Tom Diffely | $36 | $26.45 | -8.9% | Oct 29, 2024 |
| Needham | Charles Shi | $34 | $29.53 | -13.9% | Oct 29, 2024 |
| KeyBanc | Steve Barger | $34 | $29.53 | -13.9% | Oct 29, 2024 |
| Goldman Sachs | Toshiya Hari | $32 | $29.53 | -19.0% | Oct 29, 2024 |
| KeyBanc | Steve Barger | $38 | $31.65 | -3.8% | Sep 20, 2024 |
| Needham | Charles Shi | $45 | $32.85 | +13.9% | Jul 30, 2024 |
| Morgan Stanley | Joseph Moore | $38 | $40.41 | -3.8% | Jul 2, 2024 |
| B.Riley Financial | Craig Ellis | $45 | $32.35 | +13.9% | Apr 30, 2024 |
| D.A. Davidson | Tom Diffely | $40 | $31.47 | +1.3% | Apr 30, 2024 |
| Needham | Charles Shi | $40 | $31.34 | +1.3% | Apr 9, 2024 |
| D.A. Davidson | Thomas Diffely | $30 | $16.76 | -24.1% | Jun 29, 2022 |
Track every rating change on AMKR the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationAmkor Technology, Inc. operates internationally, delivering external semiconductor packaging and testing solutions across North America, Japan, Europe, the Middle East, Africa, and the broader Asia Pacific region. Their comprehensive, end-to-end offerings encompass a range of processes, including semiconductor wafer bumping, probing, back-grinding, package conceptualization, final packaging, testing, and direct shipment services. The company's product portfolio features flip-chip scale packages, critical for devices like smartphones, tablets, and other portable consumer electronics. They also provide flip-chip stacked chip-scale packages, designed for layering memory atop digital basebands and as application processors in mobile units. Flip-chip ball grid array packages cater to diverse applications in networking, data storage, computing, and general consumer products.…
Historical context
All AMKR earningsTechnology peers this season
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| TWLO Twilio Inc. | FY2026 Q3 · Calendar Q4 2026 | +12.2% | -15.2% | Twilio raises growth outlook as AI and software adoption expand |
| SNDK Sandisk Corporation | FY2027 Q1 · Calendar Q4 2026 | +6.1% | -13.5% | SNDK: AI-driven NAND demand remains strong, but execution risks persist |
| RBLX Roblox Corporation | FY2026 Q3 · Calendar Q4 2026 | +26.2% | -18.1% | Roblox pairs strong engagement with lower Q4 bookings guidance |
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Missed on EPS
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Get the AMKR recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-02T05:00:46.765045+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-02T05:00:46.762327+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-02. For educational purposes only; not investment advice.