AMKR
AMKOR TECHNOLOGY, INC.
Next earnings Jul 27, 2026 · consensus $0.48 EPS, $1.84B rev
Last earnings -3.2% on 2026-04-27
$69.65
▼ -15.41%$69.65▲ +232.15%
over 1Y
L $20.81H $93.55
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-15.4%
1W-18.7%
1M-6.7%
3M+49.3%
YTD+62.8%
1Y+232.2%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 18 analysts
Buy
World's largest US-based OSAT with AI/auto tailwinds, but thin 14% gross margins and a 60x P/E leave little room for error.
Revenue $6.71B · FY2025
The read
Middling fundamentals and a rich price (~63% above fair value) leave little margin of safety — a wait-and-see.
Amkor is the leading U.S.-headquartered outsourced semiconductor assembly and test (OSAT) provider, with a geographically diverse footprint across Asia and Europe and a new Arizona facility under construction since H2 2025. Revenue recovered to $6.71B in FY2025 (+6.2% YoY) after two soft years, and the company is positioning around the structural tailwinds it cites in its MD&A — HPC/AI advanced packaging, rising automotive semiconductor content, and premium smartphone integration. These are real, durable demand drivers and the firm's technology breadth (2.5D, HDFO, advanced flip chip, wafer-level processing) underpins long-standing relationships with leading chipmakers.
The problem is the economics. Gross margin is just 14.0% and net margin 5.6%, reflecting what management explicitly flags as the difficulty of achieving the high capacity-utilization rates needed for satisfactory margins given a high fixed-cost base. Net income of $374M is still well below the $766M peak of FY2022, and ROE is a modest 8.4%. Operating cash flow of $1.10B was almost entirely consumed by $905M of capex (+21.6% YoY) as the company funds Arizona and scales Vietnam — so free cash flow is thin while debt is rising (long-term debt $1.28B, +38.9%).
Is AMKR a buy? The one-page verdict, explained →
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $6.14B | $7.09B | $6.50B | $6.32B | $6.71B |
| Gross profit | $1.23B | $1.33B | $943M | $933M | $939M |
| Operating income | $763M | $897M | $470M | $438M | $467M |
| Net income | $643M | $766M | $360M | $354M | $374M |
| Diluted EPS | $2.62 | $3.11 | $1.46 | $1.43 | $1.50 |
| Net margin | 10.5% | 10.8% | 5.5% | 5.6% | 5.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$17.3B
EV / EBITDA15.6
EV / Sales2.6
EV / FCF90.7
P / FCF90.4
PEG (trailing)8.27
Earnings yield2.2%
FCF yield1.1%
Quality & risk
ROIC (est.)6.2%
Free cash flow$191M
Total debt$1.45B
Net cash-$66.9M
Altman Z-Score4.64 safe
Piotroski F-Score4/9
Capital returns
Buyback yield0.0%
Dividend yield (est.)0.5%
Shareholder yield0.5%
Shares Δ YoY+0.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-232026-06-25open ↗4Period ending 2026-06-232026-06-25open ↗4Period ending 2026-06-232026-06-25open ↗4Period ending 2026-06-232026-06-25open ↗4Period ending 2026-06-232026-06-25open ↗4Period ending 2026-06-232026-06-25open ↗4Period ending 2026-06-232026-06-25open ↗4Period ending 2026-06-232026-06-25open ↗4Period ending 2026-06-232026-06-25open ↗
Frequently asked
- Is AMKOR TECHNOLOGY, INC. (AMKR) a buy?
- AMKR currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. World's largest US-based OSAT with AI/auto tailwinds, but thin 14% gross margins and a 60x P/E leave little room for error.
- What is AMKR's fair value?
- A Modified-Graham model based on AMKR's SEC fundamentals estimates a fair value of about $26.02. It is an estimate from reported earnings, not a price target.
- Is AMKR overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, AMKR currently appears overvalued relative to its SEC-grounded earnings power.
- What is AMKOR TECHNOLOGY, INC.'s quality score?
- AMKR scores 62.1145370712851/100 (grade C+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001047127, latest 10-Q filed 2026-04-28) · EODHD · Proprietary analysis · as of 6/21/2026, 8:40:55 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:40 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
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