Amkor Technology, Inc. (AMKR) Earnings
Amkor Technology, Inc. is expected to report next earnings on July 27, 2026 (in NaN days), with a consensus EPS estimate of $0.47. AMKR has beaten EPS estimates in 11 of its last 12 reported quarters (average surprise +19.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 27, 2026 | $0.23 | $0.33 | +43.5% | $1.7B | +3.3% |
| May 1, 2023 | $0.17 | $0.18 | +5.9% | $1.5B | +1.4% |
| Feb 13, 2023 | $0.70 | $0.67 | -4.3% | $1.9B | +3.0% |
| Oct 31, 2022 | $0.93 | $1.24 | +33.3% | $2.1B | +7.9% |
| May 2, 2022 | $0.57 | $0.69 | +21.1% | $1.6B | +2.6% |
| Feb 14, 2022 | $0.69 | $0.89 | +29.0% | $1.7B | +4.0% |
| Feb 8, 2021 | $0.37 | $0.52 | +40.5% | $1.4B | +5.5% |
| Jul 27, 2020 | $0.03 | $0.23 | +766.6% | $1.2B | +475.0% |
| Apr 27, 2020 | $0.16 | $0.26 | +62.5% | $1.2B | +62.5% |
| Feb 10, 2020 | $0.23 | $0.41 | +78.3% | $1.2B | +23.9% |
| May 2, 2019 | $-0.15 | $-0.04 | +73.3% | $895M | -37.5% |
| Feb 11, 2019 | $0.08 | $0.12 | +50.0% | $1.1B | +50.0% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 27, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Delivered strong start to year with record revenue, growth across all end markets, disciplined execution and margin initiatives. - Monitored export controls and trade policies, managed supply dynamics of advanced silicon, memory, etc. - Strategic initiatives: elevating technology leadership by investing in advanced packaging platforms, expanding geographic footprint with Arizona facility construction and Korea test building completion, enhancing strategic partnerships. - Upcoming 2026 Investor Day to provide deeper view into strategic pillars. - Benefits from operating leverage and cost management, strong balance sheet with $1.8 billion cash and short-term investments, $2.9 billion total liquidity, $1.4 billion debt, debt to EBITDA ratio 1.1 times
Guidance
- Q2 revenue expected between $1.75 and $1.85 billion, midpoint 7% sequential increase. - Gross margin projected 14.5 - 15.5%. - Operating expenses ~$120 million including ~$20 million gain on sale of real estate. - Full year 2026 effective tax rate ~20%. - Net income forecasted 105 - $130 million, EPS 42 - 52 cents. - 2026 CapEx estimate $2.5 - $3 billion with breakdown for facilities expansion, advanced packaging capacity, R&D and quality programs. - Anticipated dilution of operating income margin by ~1 - 2% starting in 2027 due to Arizona facility preparation costs, improving in 2028
Segment performance
AMCOR delivered record first quarter revenue of $1.68 billion, up 27% year on year. Communications end market was the largest contributor to year-on-year growth, increasing 42%. Computing end market revenue increased 19% year on year, with record revenue in AI data center applications offsetting softness in PCs and laptops. Automotive and industrial revenue increased 28% year on year. Consumer revenue increased 4% year-on-year. Gross margin was 14.2%, gross profit was $239 million, operating income was $100 million, EBITDA was $285 million. Q2 revenue expected to be between $1.75 and $1.85 billion, gross margin projected between 14.5 and 15.5%, operating expenses ~$120 million including ~$20 million gain on sale of real estate, full year 2026 effective tax rate ~20%, net income forecasted between 105 and $130 million, EPS between 42 and 52 cents, 2026 CapEx estimate $2.5 to $3 billion with 65%-70% for facilities expansion, 30%-35% for advanced packaging capacity, remaining for R&D and quality programs
Risks & headwinds
- Uncertainty related to geopolitical events in the Middle East increasing material pricing pressure. - Supply dynamics around advanced silicon, advanced substrates, and memory causing nonlinear loading and customer supply material delays. - Export controls and trade policies as variables to monitor, including potential impacts on AI-centric stuff
Analyst Q&A
Q: Given commentary on customer supply materials delay and pricing pressure, discuss net expected gross margins in back half.
A: Material supply dynamics for Q2 similar to Q1, constructive pricing environment, expect gross margins to rise in mid to high teens in second half due to increased utilization, compute segment ramp, and product mix shift.
Q: Clarify timing of ~1 - 2% op-inc hit from Arizona ramp, offsetting revenue impacts.
A: Exact timing in 2027 too early, impact follows Vietnam framework with costs in OPEX then moving to COGS, 1% - 2% impact on operating income margin anticipated full year 2027, improving in 2028 with modest revenue in 2028 and scaling in 2029, exiting 2029 meaningful revenue, subject to customer qualification.
Q: On AI advanced packaging, extent of growth, computing ramp, EMIB opportunity, CoSL progress.
A: AI advanced packaging can grow three times year over year, computing ramp continues with strong pipeline, EMIB activity continuing, CoSL still early in development cycle.
Q: Follow-up on CapEx linearity, Arizona scale, computing comms dynamics.
A: CapEx payable increased $200 million, shape of year more 30% first half, 70% second half, Arizona could add ~10% of 2025 revenue run rate, comms market stronger than expected, first half stronger with less second half growth over first half.
Q: Rank order end market growth, memory price impact, Arizona operating margin impact, funding mix.
A: Compute segment +20% full year, auto-industrial strong on advanced side, comms potentially high single digits plus, memory prices impact demand with 50 million to 100 million impact in Q1 and similar in Q2, Arizona facility business margin meaningfully higher than corporate average, funding for Arizona includes $400 million CHIPS grant, 35% investment tax credit, customer support, and AMCOR liquidity.
Q: On export controls, variables and impact.
A: Variables include Middle East geopolitical events affecting commodity pricing and trade discussions between U.S. and China related to AI products, not a huge impact on current outlook