- Can Strong Smartphone Demand Boost AMKR's Communications Revenues?
May 11, 2026
Amkor Technology AMKR is benefiting from resilient premium smartphone demand, with its communications segment emerging as a robust growth contributor in the first-quarter of 2026. The advanced packaging and test services provider recorded 42% year-over-year growth in communications revenues during the quarter, supported by healthy iOS ecosystem demand and stable Android shipments.
The broader smartphone market continues to provide a favorable structural backdrop, driven by rising premium device adoption, accelerating 5G penetration and deeper AI integration within handsets. As processors grow more complex and AI functionality increasingly shifts on-device, demand for advanced packaging formats such as flip chip and system-in-package solutions is expected to remain healthy.
Amkor appears well-positioned to capitalize on these trends through ongoing advanced packaging expansion in Korea and Taiwan. The company is shifting select system-in-package production to Vietnam to create additional manufacturing capacity for higher-value programs. Improving utilization across advanced packaging facilities is further supporting operational efficiency as premium smartphone demand remains healthy.
For the second quarter of 2026, communications revenues are projected to grow in the mid to high single-digit range sequentially on continued iOS ecosystem strength. The full-year outlook has improved, with growth now anticipated in the high single-digit range and potentially approaching double digits. The Zacks Consensus Estimate for AMKR's second-quarter advanced products revenues is pegged at $1.45 billion, indicating 14.39% year-on-year growth, reflecting sustained demand across the company's higher-value packaging portfolio.
Material pricing pressures and geopolitical risks remain watchpoints, though if premium smartphone demand stays resilient and industry growth trends hold, strong communications revenue could well remain a defining feature of AMKR's growth narrative going forward.
AMKR Faces Stiff Competition
AMKR faces stiff competition from ASE Technology ASX and Taiwan Semiconductor Manufacturing Company TSM, both of which are expanding advanced packaging capabilities to address rising demand from premium smartphones and AI-enabled devices. ASE Technology continues to strengthen its outsourced semiconductor assembly and test footprint through investments in advanced packaging and system-in-package technologies used across flagship smartphones and connected devices. ASE Technology is also benefiting from the growing demand for advanced mobile processors and AI-driven semiconductor applications.
Taiwan Semiconductor is aggressively scaling CoWoS and other advanced packaging solutions to support increasingly complex processors used in smartphones and high-performance computing applications. Taiwan Semiconductor’s continued investments in advanced packaging are intensifying competition across the semiconductor packaging ecosystem, increasing pressure on Amkor to maintain technology leadership and deepen relationships with premium smartphone customers.
Story Continues
AMKR’s Share Price Performance, Valuation & Estimates
Amkor Technology shares have surged 94.1% in the year to date period compared with the Zacks Electronics - Semiconductors industry’s appreciation of 41.6% and the Zacks Computer and Technology sector’s return of 16.7%.
AMKR’s Price PerformanceZacks Investment Research
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Amkor Technology's stock is trading at a forward 12-month price/sales of 2.44X compared with the industry’s 9.5X. AMKR has a Value Score of C.
AMKR’s ValuationZacks Investment Research
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The Zacks Consensus Estimate for AMKR’s second-quarter 2026 earnings is pegged at 47 cents per share, up by 67.86% over the past 30 days, indicating growth of 113.64% year over year.
AMKR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
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- Beat the Market the Zacks Way: Nabors Industries, MYR Group, Alphabet in Focus
May 11, 2026
The U.S. stock market navigated a volatile week with overall strong momentum as investors balanced geopolitical risks, economic data and upbeat corporate earnings. The S&P 500 and the Nasdaq Composite hit record highs, gaining 4.70% and 2.75%, respectively, for the week, marking their sixth consecutive weekly advance, while the Dow Jones Industrial Average also followed the major indexes with a 1.36% increase. Markets swung throughout the week as tensions in the Middle East initially pushed oil prices above $106 per barrel before easing ceasefire hopes and U.S.-Iran negotiations pulled crude back below $95. However, benchmark indexes rebounded as ceasefire hopes grew and tech earnings fueled AI momentum.
Consumer sentiment dropped to 48.2 in May, the weakest since June 2022. However, economic indicators signaled resilience despite cooling consumer sentiment. The U.S. economy added 115,000 jobs in April, far above expectations of 48,000, while unemployment held steady at 4.3%. Wage growth remained moderate, with average hourly earnings rising 0.2% monthly and 3.6% annually. Overall, the economy showed steady growth, supported by hiring, spending, and corporate earnings, despite lingering geopolitical uncertainty.
Regardless of market conditions, we, here at Zacks, provide investors with unbiased guidance on how to beat the market.
As usual, Zacks Research guided investors over the past three months with its time-tested methodologies. Given the prevailing market uncertainty, you may want to look at our feats to prepare better for your next action.
Here are some of our key achievements:
Nabors Industries and Nordic American Tankers Following Zacks Rank Upgrade
Shares of Nabors Industries Ltd. NBR have gained 25% (versus the S&P 500’s 6.4% increase) since it was upgraded to a Zacks Rank #2 (Buy) on February 26.
Another stock, Nordic American Tankers Limited NAT, which was upgraded to a Zacks Rank #2 on February 27, has returned 9.6% (versus the S&P 500’s 7% increase) since then.
Zacks Rank, our short-term rating system, has earnings estimate revisions at its core. Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
An equal-weight portfolio of Zacks Rank # 1 stocks outperformed the equal-weight S&P 500 index by 7.7 percentage points in the year-to-date 2026 period (through March 3, 2026); The Zacks Rank #1 stocks returned +6.57% through March 3, while the equal-weight S&P 500 index lost -1.14% of its value.
In 2025, this hypothetical equal-weight portfolio returned +17.81% vs. +10.85% for the index, while performance comparison was +22.4% vs. +13.7% in 2024. Over the preceding 10-year period (2016 through 2025), this portfolio of qual-weight Zacks Rank #1 stocks outperformed the equal-weight S&P 500 index by more than 7 percentage points (+18.55% vs. +11.65%).
Story Continues
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Check Nabors Industries’ historical EPS and Sales here>>>
Check Nordic American Tankers’ historical EPS and Sales here>>>Zacks Investment Research
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Zacks Recommendation Upgrades MYR and BrightSpring Health Services
Shares of MYR Group Inc. MYRG and BrightSpring Health Services, Inc. BTSG have advanced 60% and 31.9% (versus the S&P 500’s 7.5% increase), respectively, since their Zacks Recommendation was upgraded to Outperform on March 3.
While the Zacks Rank is our short-term rating system that is most effective over the one- to three-month holding horizon, the Zacks Recommendation aims to predict performance over the next 6 to 12 months. However, just like the Zacks Rank, the foundation for the Zacks Recommendation is trends in earnings estimate revisions.
The Zacks Recommendation classifies stocks into three groups — Outperform, Neutral and Underperform. While these recommendations are determined quantitatively, our analysts have the flexibility to override them for the 1100+ stocks they closely follow based on their better judgment of factors such as valuation, industry conditions and management effectiveness than the quantitative model.
Zacks Focus List Stocks Virtu Financial, Alphabet Shoot Up
Shares of Virtu Financial, Inc. VIRT, which belongs to the Zacks Focus List, have gained 35.3% over the past 12 weeks. The stock was added to the FocusList on July 31, 2023. Another Focus-List holding, Alphabet Inc. GOOGL, which was added to the portfolio on May 19, 2025, has returned 28.9% over the past 12 weeks. The S&P 500 has advanced 6.6% over this period.
The 50-stock Focus List portfolio returned +6.65% in 2026 (through February 28) vs. +0.68% for the S&P 500 index and +7.06% for the equal-weight version of the index.
The portfolio returned +22.1% in 2025 vs. +17.9% for the S&P 500 index and +11.4% for the equal-weight version of the index.
The Zacks Focus List portfolio returned +18.41% in 2024 vs. +25.04% for the S&P 500 index and +13% for the equal-weight S&P 500 index. The portfolio had returned +29.54% in 2023 vs. +26.28% for the S&P 500 index and +13.61% for the equal-weight S&P 500 index. In 2022, the portfolio returned -15.2% vs. the S&P 500 index’s -17.96%.
Through February 28, 2026, the portfolio’s rolling returns on a one-year, three-year, five-year, 10-year basis, and since 2004 have been +29.35% (vs. +17% for the S&P 500 index), +23.13% (vs. +21.81%), +14.15% (vs. +14.19%), +16.79% (vs. +15.50%) and +12.38% vs. (+10.66%), respectively.
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Zacks ECAP Stocks FactSet Research Systems and Monster Beverage Make Significant Gains
FactSet Research Systems Inc. FDS, a component of our Earnings Certain Admiral Portfolio (ECAP), has jumped 15.4% over the past 12 weeks. Monster Beverage Corporation MNST has followed FactSet Research Systems with 6.8% returns.
The Zacks Earnings Certain Admiral Portfolio (ECAP), which consists of 30 concentrated, ultra-defensive, long-term Buy-and-Hold stocks, returned -2.3% in the fourth quarter of 2025 vs. the S&P 500 index’s +2.7% gain (SPY ETF). For 2025 as a whole, the portfolio returned -1.67% vs. +17.9% gain for the S&P 500 index.
For the year 2024, the portfolio returned +16.26% vs. +24.89% for the S&P 500 index (SPY ETF). In 2023, the portfolio returned +12.17% vs. +26.28% for the S&P 500 index. The portfolio returned -4.7% in 2022 vs. the S&P 500 index’s -17.96%.
With little to no turnover and annual rebalance periodicity, ECAP seeks to minimize capital loss by holding shares of companies whose earnings streams exhibit a proven 20+ year track record of surviving recessionary periods with minimal impact on aggregate earnings growth relative to the overall S&P 500.
The ECAP and many other model portfolios are available as part of Zacks Advisor Tools, a cloud-based solution to access Zacks award-winning stock, mutual fund and ETF research. Click here to schedule a demo.
Zacks ECDP Stocks Starbucks and Intercontinental Exchange Outperform Peers
Starbucks Corporation SBUX, which is part of our Earnings Certain Dividend Portfolio (ECDP), has returned 5.9% over the past 12 weeks. Another ECDP stock, Intercontinental Exchange, Inc. ICE, has also climbed 2.5% over the same time frame. Of course, the inclination of investors toward quality dividend stocks to secure an income stream amid heightened market volatility contributed to this performance.
Check Starbucks' dividend history here>>>
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With an extremely low beta and a history of minimum earnings variability over the last 20+ years, this 25-stock portfolio helps to significantly mitigate risk.
The Zacks Earnings Certain Dividend Portfolio (ECDP) returned -2.1% in 2025 Q4 vs. the S&P 500 index’s +2.7% gain and the Dividend Aristocrats ETF’s (NOBL) +1.6% return. For 2025, the portfolio returned -0.6% vs. +6.8% gain for the Dividend Aristocrat ETF.
For the full year of 2024, the portfolio returned +6.95% vs. +24.89% for the S&P 500 index and +6.72% for NOBL.
The portfolio returned -0.9% in 2023 vs. +26.28% for the S&P 500 index and +8.11% for NOBL. The portfolio returned -2.3% in 2022 vs. -17.96% for the S&P 500 index and -8.34% for NOBL.
Click here to access this portfolio on Zacks Advisor Tools.
Zacks Top 10 Stock Amkor Technology Delivers Solid Returns
Amkor Technology, Inc. AMKR, from the Zacks Top 10 Stocks for 2026, has jumped 78.5% since the list was released on January 5, 2026, compared with the S&P 500 index’s 8% increase during this period.
The Top 10 portfolio retuned +10.5% in 2026 (through February 28) vs. +0.5% for the S&P 500 index and +6.3% for the equal-weight version of the index.
The Top 10 portfolio returned +22.6% in 2025 vs. +17.9% for the S&P 500 index and +11.4% for the equal-weight version of the index.
The Top 10 portfolio returned +62.98% in 2024, vs. +25.04% for the S&P 500 index and +13% for the equal-weight version of the index. The portfolio had returned +25.15% in 2023 vs. +26.28% for the S&P 500 index.
Through the end of February 2026, the Top 10 portfolio has produced a cumulative return of +2,761.6% since 2012 vs. +564.8% for the S&P 500 index and +435% for the equal-weight version of the index. The portfolio has produced an average annual return of +26.4% in the period 2012 through February 28, 2026, vs. +13% for the S&P 500 index and +11% for the equal-weight version of the index.
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Intercontinental Exchange Inc. (ICE) : Free Stock Analysis Report
Nabors Industries Ltd. (NBR) : Free Stock Analysis Report
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FactSet Research Systems Inc. (FDS) : Free Stock Analysis Report
MYR Group, Inc. (MYRG) : Free Stock Analysis Report
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Monster Beverage Corporation (MNST) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Nordic American Tankers Limited (NAT) : Free Stock Analysis Report
Virtu Financial, Inc. (VIRT) : Free Stock Analysis Report
ProShares S&P 500 Dividend Aristocrats ETF (NOBL): ETF Research Reports
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- Can Strong Smartphone Demand Boost AMKR's Communications Revenues?
May 11, 2026 · zacks.com
Amkor Technology's communications business is gaining from resilient premium smartphone demand as advanced packaging expands across Asia with deeper on-device AI.
- Meet The Nvidia HALO Trade: 6 Stocks That May Rise Every Time Jensen Huang Scales AI
May 7, 2026 · benzinga.com
Nvidia Corp (NASDAQ:NVDA) may still be the center of the AI trade. But Wall Street is increasingly starting to chase the layer underneath it.
- If You Invested $1000 in Amkor Technology 10 Years Ago, This Is How Much You'd Have Now
May 7, 2026
For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.
What if you'd invested in Amkor Technology (AMKR) ten years ago? It may not have been easy to hold on to AMKR for all that time, but if you did, how much would your investment be worth today?
Amkor Technology's Business In-Depth
With that in mind, let's take a look at Amkor Technology's main business drivers.
Amkor Technology is a leading outsourced semiconductor assembly and test service provider (OSAT). The company packages and tests integrated circuits for customers across smartphones, data centers, artificial intelligence (AI), automotive, industrial and consumer devices. Its services span package design, wafer bump and probe, wafer back-grind, packaging, burn-in, system-level and final test and drop shipment. Amkor offers advanced packaging technologies, including High-Density Fan-Out (HDFO), 2.5D integration, advanced flip chip, fine pitch bumping, wafer-level processing and system-in-package solutions.
Tempe, AZ-based Amkor serves integrated device manufacturers, fabless semiconductor companies, original equipment manufacturers and contract foundries. For 2025, net sales stood at $6.71 billion, up 6.2% from 2024. Packaging represented 89% of sales, and test services accounted for 11%. By end market in 2025, communications (including smartphones and tablets) represented 46% of sales; computing (including data center, infrastructure, PC/laptop and storage) accounted for 20%; automotive, industrial and other (including ADAS, electrification, infotainment and safety) contributed 19%; and consumer (including AR and gaming, connected home, home electronics and wearables) comprised 15%.
In 2025, sales from the United States accounted for 65.6% of sales. Europe, Middle East and Africa contributed 12.7% while Asia Pacific, excluding Japan, contributed 10.9% of sales. Japan contributed 10.8% of total revenues. The top 10 customers collectively represented 72% of 2025 sales.
Amkor operates a broad manufacturing footprint across Asia and Europe, including facilities in China, Japan, Korea, Malaysia, the Philippines, Portugal, Taiwan and Vietnam. The Vietnam facility opened in 2024 and continued to scale production in 2025. The company began construction of a new advanced packaging and test facility in Arizona in the second half of 2025, with the first phase planned at approximately 1.8 million square feet and manufacturing expected to begin in the first half of 2028.
Story Continues
Bottom Line
While anyone can invest, building a lucrative investment portfolio takes research, patience, and a little bit of risk. If you had invested in Amkor Technology ten years ago, you're probably feeling pretty good about your investment today.
A $1000 investment made in May 2016 would be worth $13,691.49, or a 1,269.15% gain, as of May 7, 2026, according to our calculations. Investors should note that this return excludes dividends but includes price increases.
Compare this to the S&P 500's rally of 258.03% and gold's return of 249.86% over the same time frame.
Looking ahead, analysts are expecting more upside for AMKR.
Amkor Technology reported first-quarter 2026 earnings of 33 cents per share, beating estimates by 43.48%, while revenues of $1.68 billion rose 27.5% year over year and surpassed consensus by 1.97%. Communications surged 42%, automotive and industrial rose 28% and computing grew 19% year over year, with record AI datacenter revenue and advanced products totaling $1.37 billion, up 28.9%. Gross margin expanded 230 basis points to 14.2% and operating margin improved 360 basis points to 6.0%. However, PC demand remained soft, material supply constraints are estimated at $50–$100 million per quarter, and capex of $2.5–$3.0 billion will pressure free cash flow. Q2 revenues are guided to $1.75–$1.85 billion with gross margin of 14.5%–15.5% and EPS of 42–52 cents, as a key HDFO datacenter CPU ramp gets underway.
The stock is up 47.31% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 3 higher, for fiscal 2026. The consensus estimate has moved up as well.
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Amkor Technology, Inc. (AMKR) : Free Stock Analysis Report
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- Is It Too Late To Consider Amkor Technology (AMKR) After Its 343% One Year Surge?
May 7, 2026
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide.
If you are wondering whether Amkor Technology at around US$77.22 still offers value after a strong run, the next sections will help you frame that question with clear valuation tools. The stock has posted returns of 9.4% over the last 7 days, 64.2% over 30 days, 79.9% year to date and 343.4% over 1 year. This naturally raises questions about how much of the story is already reflected in the price. Recent coverage has focused on Amkor Technology as a semiconductor packaging and test provider, with attention on how it fits into broader supply chains and capital investment plans across the sector. This context has kept investors focused on how its role in the semiconductor ecosystem might influence expectations baked into the share price. Right now the company carries a valuation score of 3/6. This means some checks point to potential undervaluation while others are more cautious. The rest of this article will walk through traditional valuation methods before closing with a framework that can help you interpret those results in a more complete way.
Amkor Technology delivered 343.4% returns over the last year. See how this stacks up to the rest of the Semiconductor industry.
Approach 1: Amkor Technology Dividend Discount Model (DDM) Analysis
The Dividend Discount Model estimates what a stock might be worth by projecting its future dividends and discounting them back to today, then comparing that figure to the current share price.
For Amkor Technology, the model uses an annual dividend per share of about US$0.38, a return on equity of 9.41% and a payout ratio of 21.19%. The model applies a dividend growth rate of 3.54%, which is capped from an initial 7.42% input and is informed by an expected growth rate of 7.42% from the underlying data. This framework looks at whether the current dividend level and growth assumptions appear sustainable over time.
On these inputs, the DDM output points to an intrinsic value of about US$4.24 per share. Versus the recent share price around US$77.22, that indicates the stock is very substantially overvalued, with the stated intrinsic discount figure suggesting a very large premium to this dividend-based estimate.
Result: OVERVALUED
Our Dividend Discount Model (DDM) analysis suggests Amkor Technology may be overvalued by 1722.2%. Discover 44 high quality undervalued stocks or create your own screener to find better value opportunities.AMKR Discounted Cash Flow as at May 2026
Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Amkor Technology.
Story Continues
Approach 2: Amkor Technology Price vs Earnings
For profitable companies, the P/E ratio is a common way to gauge how much you are paying for each dollar of earnings, which makes it a useful cross check against the dividend based view.
What counts as a “normal” or “fair” P/E usually reflects how fast earnings are expected to grow and how risky those earnings are. Higher growth and lower perceived risk often justify higher P/E levels, while lower growth or higher risk tend to pull fair P/E levels down.
Amkor Technology currently trades on a P/E of about 43.89x, compared with the Semiconductor industry average of about 53.66x and a peer average of roughly 89.96x. Simply Wall St also provides a “Fair Ratio” estimate of 44.99x for the stock. This Fair Ratio is a proprietary metric that aims to capture what P/E might be reasonable given factors such as earnings growth, profit margins, the company’s industry, market cap and key risks.
Because the Fair Ratio is tailored to Amkor Technology’s own profile rather than broad group averages, it can offer a more company specific anchor than simple peer or industry comparisons. With the current P/E of 43.89x only moderately below the Fair Ratio of 44.99x, the shares screen as somewhat overvalued on this measure.
Result: OVERVALUEDNasdaqGS:AMKR P/E Ratio as at May 2026
P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 19 top founder-led companies.
Upgrade Your Decision Making: Choose your Amkor Technology Narrative
Earlier it was mentioned that there is an even better way to understand valuation, so Narratives are introduced here as your way to attach a clear story about Amkor Technology to the numbers you care about. This is done by linking a view on its future revenue, earnings and margins to a financial forecast and then to a Fair Value that you can easily compare with the current share price.
On Simply Wall St’s Community page, Narratives are available as an accessible tool used by millions of investors. There you can see and create different stories about Amkor Technology, from a more optimistic view that uses a Fair Value of US$65.00 and assumes earnings of US$793.5m by about April 2029 on a 28.4x P/E, to a more cautious view with a Fair Value of US$43.00 and earnings of US$625.9m on a 23.9x P/E. You can then watch those Narratives update automatically as new news, earnings or guidance arrive, so you can judge for yourself whether the current market price looks high or low relative to the Fair Value that best matches your own expectations.
Do you think there's more to the story for Amkor Technology? Head over to our Community to see what others are saying!NasdaqGS:AMKR 1-Year Stock Price Chart
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AMKR.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Forget Intel: Consider These Stocks Instead
May 5, 2026
Quick Read
Intel (INTC) is rocketing on AI narrative, but the stock just crashed 3.85% after a 90% monthly surge—textbook sign of a crowded trade running out of juice. Amkor Technology (AMKR) just posted its fourth straight EPS beat with record Q1 revenue and AI packaging exposure Intel can’t match without the foundry bleed. The analyst who called NVIDIA in 2010 just named his top 10 stocks and Amkor Technology wasn't one of them. Get them here FREE.
Intel (NASDAQ:INTC) is the chip story everyone is shouting about, with the stock up 159.57% year to date on a Lip-Bu Tan turnaround narrative wrapped around AI inference and a NVIDIA DGX Rubin host CPU win. But here is what you should actually be watching.
The Intel Trade Is Already Crowded, and Cracked
Intel just dropped 3.85% in a single session on May 4, after running 90.12% in a single month. That is the textbook signature of a narrative trade running out of fresh buyers. The fundamentals underneath the headline are uglier than the tape suggests. Q1 FY26 produced a GAAP net loss of $3.73 billion driven by a $4.07 billion restructuring charge tied to a Mobileye goodwill impairment, with free cash flow of negative $3.87 billion and capex of $4.96 billion. Intel Foundry posted a $2.51 billion operating loss in Q4 2025. Headcount has been cut from 108,900 to 85,100. The U.S. government now holds a meaningful equity stake, and management has flagged the potential pause or discontinuation of Intel 14A if customer demand falls short. Q2 26 non-GAAP EPS guidance of $0.20 is a sequential decline from $0.29. Reddit captured the mood crisply with the most-upvoted Intel post of the period, "Shorting this dumbass company (INTEL)," which pulled in over 12,000 upvotes. Hot trades end this way.
The Picks-and-Shovels of AI Packaging
Advanced packaging is where AI silicon actually gets stitched together into useful product. Three names monetize this without Intel's foundry bleed.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and Amkor Technology wasn't one of them.Get them here FREE.
Amkor Technology (NASDAQ:AMKR) just reported its fourth consecutive EPS beat, with Q1 FY26 non-GAAP EPS of $0.33 versus $0.24 consensus on revenue of $1.68 billion, up 27.5% YoY. Advanced Products revenue expanded from $1.06 billion to $1.37 billion. CEO Kevin Engel framed it cleanly: "Amkor delivered a strong start to 2026 with record first quarter revenue driven by broad-based end market demand." Q2 EPS guidance of $0.42 to $0.52, full-year capex of $2.5 billion to $3.0 billion, and a fresh $300 million share repurchase authorization approved April 23, 2026 give shareholders capital discipline Intel cannot offer.
Story Continues
ASE Technology Holding (NYSE:ASX) is showing operating leverage that Intel investors can only fantasize about. Q1 FY26 ATM revenue rose 29.7% YoY, gross margin expanded to 20.1% from 16.8%, and computing applications climbed to 27% of ATM revenue from 22%. Advanced packaging now represents 49% of ATM revenues. LEAP services are projected to double from $1.6 billion to $3.2 billion in 2026. The stock is up 100.5% year to date on real numbers.
Kulicke & Soffa (NASDAQ:KLIC) carries the highest gross margin of the group at 49.6%, with non-GAAP operating margin of 12.6%, up from 6.6%. Q1 FY26 EPS of $0.44 beat the $0.33 consensus. Q2 guidance points to ~$230 million in revenue and ~$0.67 EPS, a sharp acceleration. The company repurchased 2.4 million shares for $96.5 million in FY25 and pays a quarterly dividend of $0.205.
Three takeaways frame the redirect. First, every packaging name has direct AI compute exposure without foundry losses or 14A risk. Second, every one is expanding margins while Intel's GAAP line bleeds. Third, all three are returning capital to shareholders while Intel's dividend is suspended and the U.S. government dilutes the equity stack.
Investors looking past the Intel headline can research the packaging trio that is already monetizing the buildout: Amkor, ASE, and Kulicke & Soffa.
The analyst who called NVIDIA in 2010 just named his top 10 AI stocks
This analyst's 2025 picks are up 106% on average. He just named his top 10 stocks to buy in 2026. Get them here FREE.
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- Should you Buy, Sell or Hold Amkor Technology Stock Post Q1 earnings?
May 5, 2026
Amkor Technology AMKR shares have declined 6.2% following the release of its first-quarter 2026 results on April 27, 2026, despite the company posting a record revenue beat. The selloff appears to reflect investor caution around near-term material supply constraints in advanced silicon and memory, a less pronounced second-half seasonal uplift in communications following an unseasonably strong first half and the weight of a $2.5–$3 billion capital expenditure cycle that continues to pressure free cash flow visibility.
However, on a year-to-date basis, AMKR shares have surged 79.8%, outpacing the Zacks Electronics-Semiconductors industry’s 34% advance and the Zacks Computer & Technology sector’s 10.9% gain over the same period. Among peers, ASE Technology Holding ASX has returned 100.5% year to date, Taiwan Semiconductor Manufacturing TSM has gained 32.2%, and Intel Corporation INTC has surged 158.8%. AMKR's surge reflects growing investor confidence in its advanced packaging capabilities and improving earnings quality. Let’s delve deeper to determine what to do with the stock at current levels.
AMKR Stock PerformanceZacks Investment Research
Image Source: Zacks Investment Research
AMKR Benefits From Strong Q1 Results and Earnings Quality
AMKR's first-quarter 2026 results mark a meaningful inflection, with growth broad-based across all four end markets, signaling that its diversified packaging platform is firing on multiple cylinders. The communications segment rose 42% year over year on sustained strength across both iOS and Android ecosystems, while computing climbed 19%, driven by surging demand for AI accelerators and data center processors. Automotive and industrial revenues rose 28% year over year, with ADAS and infotainment applications emerging as the primary growth engine within the segment. Consumer revenues grew 4% year over year on broad-based improvement across customers.
Beyond top-line strength, AMKR demonstrated meaningful progress on profitability. Gross margin of 14.2% exceeded the high end of guidance, driven by a mix shift toward higher-value advanced packaging programs and focused cost management. Operating income margin improved 360 basis points year over year to 6%, while EBITDA reached $285 million at a margin of 16.9%, reflecting the operating leverage in AMKR's model as factory utilization rose from the low-50s to the low-70s year over year. The Zacks Consensus Estimate for second-quarter 2026 revenues stands at $1.8 billion, up 19.31% year over year, with the consensus mark for EPS of 47 cents implying 113.64% growth. Estimates have moved upward by 67.8% over the past 30 days, reflecting growing conviction in AMKR's near-term trajectory.
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Amkor Technology, Inc. Price and Consensus
Amkor Technology, Inc. price-consensus-chart | Amkor Technology, Inc. Quote
AMKR's Advanced Packaging Pipeline Builds Momentum
AMKR is positioning itself at the heart of the advanced packaging supply chain, powering next-generation AI and high-performance computing chips, an area where peers ASE Technology Holding and Taiwan Semiconductor Manufacturing have also been aggressively investing. AMKR is currently engaged with over five customers on its high-density fan-out (HDFO) platform at varying qualification stages, including an ongoing collaboration with Intel Corporation on EMIB packaging technology. A new data center CPU device using AMKR's HDFO platform is expected to begin ramping this quarter, with meaningful revenue contribution anticipated in the third quarter of 2026 and continuing into 2027 and beyond. This broadening customer base reduces concentration risk and strengthens AMKR's long-term competitive positioning in high-value packaging.
AMKR's Expanding Footprint Eyes Future Growth
AMKR is in the midst of an ambitious capacity expansion cycle, with 2026 capital expenditure guidance of $2.5 to $3 billion directed toward building infrastructure to support next-generation advanced packaging demand. The centerpiece is Phase 1 of its Arizona campus, on track for completion in 2027, with production beginning in 2028 and scaling toward approximately $1 billion in annual revenue run rate thereafter. A new advanced packaging facility in Korea is also expected by year-end, providing incremental capacity ahead of 2027 demand. However, Arizona-related pre-production costs are expected to dilute operating income margin by approximately 1 to 2% beginning in 2027, a meaningful near-term headwind. AMKR ended the first quarter of 2026 with $1.8 billion in cash, total liquidity of $2.9 billion and a debt-to-EBITDA ratio of 1.1x, providing adequate financial flexibility to navigate this investment cycle.
AMKR Trades at a Discount to Industry and Sector
On a price-to-sales basis, AMKR trades at 2.26x, a significant discount to the Zacks industry average of 9.05x and sector average of 6.62x. This discount reflects the market's continued caution around the pace of AMKR's advanced packaging ramp and the near-term cost headwinds associated with its Arizona expansion.
AMKR Stock’s ValuationZacks Investment Research
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Conclusion
AMKR's momentum is underpinned by a strong first quarter, a constructive second-quarter outlook and an advanced packaging pipeline broadening in both customer base and technology scope. With peers ASE Technology Holding and Taiwan Semiconductor Manufacturing validating the structural opportunity, and leading chip companies such as Intel Corporation increasingly outsourcing advanced packaging work to third-party specialists, AMKR's long-term demand outlook remains compelling. However, near-term material supply constraints, a dilutive Arizona cost ramp beginning in 2027 and elevated capital expenditure remain meaningful headwinds that the market continues to price in, keeping the stock at a notable discount to both its industry and sector peers.
AMKR currently has a Zacks Rank #3 (Hold), suggesting that investors should wait for a more favorable entry point to accumulate the stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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- Defiance Launches AMKL: The First Daily 2X Long ETF for Amkor Technology, Inc.
May 5, 2026
Defiance Launches AMKL: The First Daily 2X Long ETF for Amkor Technology, Inc.Defiance ETFs today announced the launch of the Defiance Daily Target 2X Long AMKR ETF (AMKL), expanding its lineup of single-stock leveraged ETFs designed for active traders seeking amplified exposure to leading semiconductor companies. AMKL is designed for traders seeking magnified, short-term bullish exposure to Amkor Technology, Inc. (Nasdaq: AMKR), the world's largest U.S. headquartered OSAT (outsourced semiconductor assembly and test) service provider, serving the communications, computing, automotive, industrial, and consumer markets.·GlobeNewswire Inc.
MIAMI, May 05, 2026 (GLOBE NEWSWIRE) -- Defiance ETFs today announced the launch of the Defiance Daily Target 2X Long AMKR ETF (AMKL), expanding its lineup of single-stock leveraged ETFs designed for active traders seeking amplified exposure to leading semiconductor companies. AMKL is designed for traders seeking magnified, short-term bullish exposure to Amkor Technology, Inc. (Nasdaq: AMKR), the world's largest U.S. headquartered OSAT (outsourced semiconductor assembly and test) service provider, serving the communications, computing, automotive, industrial, and consumer markets.
By seeking to deliver 200% of the daily percentage change in the share price of Amkor Technology, Inc., the Fund allows investors to express tactical upside views on AMKR within the accessibility and transparency of an exchange-traded fund.
Investment Objective
The Fund seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of Amkor Technology, Inc. (Nasdaq: AMKR). The Fund does not seek to achieve its stated investment objective for a period other than a single trading day.
Underlying Stock: Amkor Technology, Inc.
Amkor Technology, Inc. is the world's largest U.S. headquartered provider of outsourced semiconductor assembly and test (OSAT) services. Since its founding in 1968, Amkor has pioneered the outsourcing of integrated circuit (IC) packaging and test services and serves as a strategic manufacturing partner for the world's leading semiconductor companies, foundries, and electronics original equipment manufacturers (OEMs). Amkor provides turnkey manufacturing services for the communications, computing, automotive, industrial, and consumer markets, including smartphones, data centers, artificial intelligence, electric vehicles, and wearables. The company's operational base includes production facilities, research and development centers, and sales and support offices located in key electronics manufacturing regions across Asia, Europe, and the United States. Amkor Technology is listed on The Nasdaq Global Select Market and is classified within the semiconductors and semiconductor equipment industry.
An investment in the ETF is not a direct investment in Amkor Technology, Inc.
The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues daily leveraged investment objectives, which means it is riskier than alternatives that do not use leverage. The Fund magnifies the performance of the Underlying Security and is designed strictly for short-term use. For periods longer than a single day, the Fund's performance will be the result of compounded daily returns, which is very likely to differ from 200% of the return of AMKR over the same period. It is possible that investors could lose their entire principal within a single trading day.
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Media Contact:
Sylvia Jablonski
info@defianceetfs.com
833.333.9383
IMPORTANT DISCLOSURES
Defiance ETFs LLC is the ETF sponsor. The Fund's investment adviser is Tidal Investments, LLC ("Tidal" or the "Adviser").
The Fund's investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. Please read the prospectus and/or summary prospectus carefully before investing. Hard copies can be requested by calling 833.333.9383.
Investing involves risk. Principal loss is possible. As an ETF, the Fund may trade at a premium or discount to NAV. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. A portfolio concentrated in a single issuer or sector may be subject to a higher degree of risk. There is no guarantee the Fund's strategy will be properly implemented, and an investor may lose some or all of its investment.
AMKR Price Decline Risk. As part of the Fund's leveraged investment strategy, the Fund enters into swap agreements and options contracts based on the share price of Amkor Technology, Inc. (Nasdaq: AMKR) (the "Underlying Security"). This strategy subjects the Fund to certain of the same risks as if it owned shares of the Underlying Security, even though it does not. By virtue of the Fund's indirect 2X exposure to changes in the share price of the Underlying Security, the Fund is subject to the risk that the Underlying Security's share price declines. If the share price of the Underlying Security decreases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses. The Fund may also be subject to the following risks:
Indirect Investment in AMKR Risk. Amkor Technology, Inc. is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates, and is not involved with this offering in any way. Amkor Technology, Inc. has no obligation to consider the Fund or its shareholders in taking any corporate actions that might affect the value of Fund shares. Investors in the Fund will not have voting rights or other ownership privileges associated with holding shares of Amkor Technology, Inc.
AMKR Poor Performance Risk. The market value of Amkor Technology, Inc. may decline if the company fails to meet or maintain its business expectations and may be further affected by competitive pressures in the semiconductor and semiconductor equipment industry, cyclical fluctuations in customer demand, supply chain and third-party material disruptions, the company's reliance on a limited group of suppliers for critical materials, exposure to highly cyclical end-markets such as automotive and communications, regulatory developments including U.S. export control regulations applicable to semiconductor technology, macroeconomic conditions, or shifts in capital spending across the smartphone, data center, artificial intelligence, electric vehicle, and industrial markets. Adverse developments specific to Amkor Technology, Inc. or the broader semiconductor industry could negatively impact the Fund's performance.
Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment that diversifies risk or tracks the market generally. The Fund's value may fluctuate more sharply in response to events affecting Amkor Technology, Inc. than funds that invest in a broader range of issuers.
Compounding and Market Volatility Risk. The Fund's performance for periods greater than a trading day will be the result of each day's returns compounded over the period, which is likely to differ from 200% of the Underlying Security's performance. During periods of higher volatility, compounding effects may cause the Fund to lose value even if the Underlying Security's share price increases over the longer term.
Daily Correlation/Tracking Risk. There is no guarantee that the Fund will achieve a high degree of leveraged correlation to the Underlying Security. Market disruptions, volatility, or limitations in the availability of derivatives may cause the Fund's performance to deviate from its daily leveraged investment objective.
Leverage Risk. The Fund will seek 2X long exposure through financial instruments, which exposes the Fund to the risk that losses may be magnified. Leverage increases the Fund's volatility, and a relatively small movement in the Underlying Security's share price may result in significant losses for the Fund.
Counterparty Risk. The Fund is subject to counterparty risk due to its use of derivatives. If a counterparty fails to meet its contractual obligations, the Fund may experience delays or losses, which could negatively affect its performance.
Derivatives Risk. The Fund's investments in derivatives may pose risks greater than those associated with directly investing in securities. These risks include increased volatility, imperfect correlation with the Underlying Security, liquidity constraints, valuation challenges, and the potential for losses exceeding the amount initially invested.
Rebalancing Risk. If the Fund is unable to rebalance its portfolio correctly or in a timely manner, its exposure may not be consistent with its investment objective. This may increase the Fund's risk exposure and cause its performance to diverge from its intended daily leveraged results.
Non-Diversification Risk. Because the Fund is non-diversified, it may invest a greater percentage of its assets in a single issuer. As a result, the Fund may be more sensitive to adverse events affecting Amkor Technology, Inc. than a diversified fund.
Semiconductor Industry Competition Risk. The semiconductor industry in which Amkor Technology, Inc. competes is highly competitive and characterized by rapid technological change, evolving industry standards, and cyclical demand. Competitors may have greater resources, and there is no assurance that Amkor will successfully identify new customer requirements, bring services to market on a timely basis, or that products and services developed by others will not render Amkor's offerings obsolete or noncompetitive — any of which would adversely affect the Fund's performance.
Supplier Concentration Risk. Amkor sources most of its materials, including critical materials such as lead frames, laminate substrates, and gold wire, from a limited group of suppliers. Disruptions to the operations of one or more of these suppliers, including those caused by natural disasters, geopolitical events, or supply chain constraints, could extend lead times, increase costs, and adversely affect Amkor's business — any of which could negatively impact the Fund's performance.
Regulatory Risk. Amkor's business is subject to U.S. and foreign trade regulations, including export control regulations applicable to the sale of U.S. semiconductor technology in China. These restrictions could impact Amkor's business and the businesses of its customers, and may have a material and adverse effect on Amkor's results of operations and the price of its securities.
Swap Agreements. The use of swap transactions is a highly specialized activity, which involves investment techniques and risks different from those associated with ordinary portfolio securities transactions.
Fixed Income Securities Risk. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates.
High Portfolio Turnover Risk. Daily rebalancing is expected to result in high portfolio turnover. High portfolio turnover may increase transaction costs, which could reduce the Fund's returns and potentially result in higher taxable distributions for shareholders.
Liquidity Risk. Some securities or financial instruments held by the Fund may be difficult to sell, particularly during periods of market stress or volatility. Reduced liquidity may make it difficult for the Fund to adjust its exposure or meet its investment objective.
New Fund Risk. The Fund is a recently organized management investment company with a limited operating history. As a result, there is limited performance history upon which investors can evaluate the Fund.
Diversification does not ensure a profit nor protect against loss in a declining market. Brokerage commissions may be charged on trades.
Distributed by Foreside Fund Services, LLC.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cef6aaba-c951-4ef9-b4c2-e78d1f78a974
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- Amkor Technology, Inc. (AMKR) Is a Trending Stock: Facts to Know Before Betting on It
May 5, 2026
Amkor Technology (AMKR) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this chip packaging and test services provider have returned +50.9%, compared to the Zacks S&P 500 composite's +9.5% change. During this period, the Zacks Electronics - Semiconductors industry, which Amkor Technology falls in, has gained 30.5%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Amkor Technology is expected to post earnings of $0.47 per share, indicating a change of +113.6% from the year-ago quarter. The Zacks Consensus Estimate has changed +65.9% over the last 30 days.
The consensus earnings estimate of $2.08 for the current fiscal year indicates a year-over-year change of +38.7%. This estimate has changed +28.3% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.13 indicates a change of +2.3% from what Amkor Technology is expected to report a year ago. Over the past month, the estimate has changed +0.9%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Amkor Technology is rated Zacks Rank #3 (Hold).
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The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS12-month consensus EPS estimate for AMKR
Projected Revenue Growth
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Amkor Technology, the consensus sales estimate of $1.8 billion for the current quarter points to a year-over-year change of +19.3%. The $7.59 billion and $8.14 billion estimates for the current and next fiscal years indicate changes of +13.2% and +7.2%, respectively.
Last Reported Results and Surprise History
Amkor Technology reported revenues of $1.68 billion in the last reported quarter, representing a year-over-year change of +27.5%. EPS of $0.33 for the same period compares with $0.09 a year ago.
Compared to the Zacks Consensus Estimate of $1.65 billion, the reported revenues represent a surprise of +1.97%. The EPS surprise was +43.48%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Amkor Technology is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Amkor Technology. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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