Analyst Consensus ?
ConsensusHold13 ratings
Bullish753.8%
Neutral538.5%
Bearish17.7%
1 unmapped firm rating excluded from the percentages.
Amkor Technology, Inc. · AMKR · FY2026 Q2 · Calendar Q3 2026
AMKR: Strong advanced-packaging demand, with migration risks ahead
The latest analysis is constructive on demand: AI data-center, automotive and industrial growth, higher utilization, richer technology mix and partner programs support the earnings trajectory. The counterpoint is execution: SiP migration, communications weakness, memory constraints and future U.S. manufacturing costs could temper that growth.
Reported After market closeNASDAQTechnology
$9.81B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.70
Consensus $0.47
EPS surprise
+48.9%
Reported versus consensus
Reported revenue
$1.90B
Consensus $1.81B
Revenue surprise
+4.6%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-24.7%
Event window
SPY move
+0.2%
Same window
Abnormal move
-25.0%
Stock minus SPY
Volume
4.0×
Versus trailing sessions
Subsequent drift
+6.6%
Up to 20 sessions
AMKRSPY benchmark
Ask FN2 about AMKR FY2026 Q2
Transcript, numbers and history already loaded
Why did AMKR fall 24.7% after beating EPS estimates in FY2026 Q2?What changed in AMKR's guidance and outlook in FY2026 Q2?Give me the bull and bear case for AMKR after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The quarter added strategic depth through the TSMC advanced-packaging agreement and NVIDIA partnership, while the planned SiP migration to Vietnam became a clearer near-term communications headwind. The analysis also highlighted continued capacity expansion and maintained guidance.
Guidance delta
Maintained; the analysis indicates continued Q3 revenue expansion and margin improvement, with a temporary communications headwind from SiP migration.
Key takeaways
- Management described record-quarter performance supported by high utilization and a favorable product mix.
- AI data-center, automotive and industrial demand remain the principal growth drivers in the analysis.
- The TSMC and NVIDIA relationships strengthen the advanced-packaging roadmap and supply-chain positioning.
- SiP migration to Vietnam is expected to pressure communications revenue through the near term.
Management priorities
- Expand advanced-packaging capacity in Arizona, Korea, Vietnam, China, Portugal and Taiwan.
- Scale 2.5D, HDFO, SiP and co-packaged-optics programs with strategic partners.
- Support AI data-center, automotive and industrial growth while managing the SiP migration.
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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 1, 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 |
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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
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| INTC Intel Corp. | FY2026 Q3 · Calendar Q4 2026 | +27.9% | -28.6% | Intel: AI Server Demand Offsets PC Weakness, CapEx Rises |
| GDDY GoDaddy Inc. | FY2026 Q3 · Calendar Q4 2026 | +9.5% | +10.7% | GoDaddy: Airo accelerates while guidance is maintained |
| MPWR Monolithic Power Systems, Inc. | FY2026 Q3 · Calendar Q4 2026 | +5.1% | +1.1% | MPWR tops $1 billion in revenue as data-center demand accelerates |
| 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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- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
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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 · 2026-07-27T22:04:37.750389+00:00
- FN2 earnings calendar · 2026-09-01T01:23:15.986970+00:00
- Polygon adjusted daily market bars · 2026-10-31T19:40:42.011591+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-31T19:40:42.008354+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 2026-10-31. For educational purposes only; not investment advice.