AMKR
Amkor Technology, Inc.

Amkor Technology, Inc.AMKR

Technology · Semiconductor Equipment & Materials
32.82USD
+7.64%
Nov 08, 2026
AMKR overview ready
Global outsourced semiconductor advanced packaging and test provider
Amkor is a global outsourced semiconductor assembly and test (OSAT) provider.
Theme not measured
Advanced Packaging has no leadership state this session.
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Fair valuation
The price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.
Mixed fundamentals
Ev / ebitda is strong, while free cash flow yield is weak.
Primary risk
Cyclicality of semiconductor industry demand.
Market Nov 6Filing Sep 30Price action Nov 7Research Sep 28

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction3.4BusinessPerformance5.0BusinessQuality7.4Valuation3.5ThemeMomentum—Stable — Revenue is roughly flat year over year (+0.2%). Diluted EPS is up 49% year over year ($0.76), but growth has slowed from +267%. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Advanced Packaging — Advanced Packaging is tracked (3–4 priced members) — too few for a leadership state
Its economic family, Semiconductors, reads Lagging (−22.2pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$8.1B
Avg Volume (60D)
4.8M
60 sessions
Revenue Growth YoY
+6.2%
FY2025 vs FY2024
Gross Margin
+16.6%
Trailing twelve months
Operating Margin
+9.5%
Trailing twelve months
Free Cash Flow Yield
-1.9%
Distance from 200DMA
-42.2%
P/E
13.1x
EV / EBITDA
5.8x
EV / Sales
1.1x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Stable

Revenue is roughly flat year over year (+0.2%). Diluted EPS is up 49% year over year ($0.76), but growth has slowed from +267%.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthFlat
+0.2%
$1.99B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +16%
  2. +28%
  3. +26%
  4. +0.2%
Earnings growthSlowing
+49%
Diluted EPS $0.76 vs $0.51 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +61%
  2. +267%
  3. +218%
  4. +49%
Operating marginExpanding
11.3%
+3.3 pp YoY · gross margin 18.3% (+3.9 pp)
Earnings are growing without revenue growth

Business Quality

7.4 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

One of the two valuation perspectives says cheap; own history is the dissenting view. The published stance is held at fair because no positive free cash flow behind the low multiple.
Amkor Technology, Inc. has a Fair valuation stance because the price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.

What changed

  • AMKR fell 14.5% in one session
    AMKR closed -14.5% against a broad market that moved -4.4%.
    2026-11-05
  • AMKOR TECHNOLOGY, INC. — 8-K (items 2.02, 9.01)
    Reported on 8-K, dated 2026-10-26. AMKR closed -6.3% while the broad market was close to flat (+0.7%).
    2026-10-26 · source
  • AMKR fell 10.7% in one session
    AMKR closed -10.7% while the broad market was close to flat (-1.2%).
    2026-10-22

Company Research

Thesis
Amkor is a global outsourced semiconductor assembly and test (OSAT) provider. It performs wafer bumping and probe, advanced package design and assembly, burn-in, system-level and final test, and logistics; its current strategic expansion centers on U.S.-based advanced packaging and test capacity in Arizona.
Opportunity
High opportunity
Chipmaker, AI-system and government-backed supply-chain investment in domestic advanced semiconductor assembly, heterogeneous integration, packaging and test capacity.
Key risk
Cyclicality of semiconductor industry demand.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Semiconductor Equipment & Materials
What they do

Amkor Technology, Inc. provides outsourced semiconductor packaging and test services globally, operating advanced packaging, wafer bumping, probing, burn-in, system-level and final testing, and logistics primarily for semiconductor manufacturers.

How it earns

Transactional revenue generated from providing packaging and test services to semiconductor companies on a per-project or volume basis.

Products & services
Semiconductor wafer bump and probe
Wafer back-grind
Package design and packaging
Burn-in and system-level test
Final test and drop shipment services
Flip chip scale package products
Flip chip stacked chip scale packages
Customers & end markets
Semiconductor manufacturers
Smartphone and mobile device makers
Consumer electronics companies
Market position

Largest independent outsourced semiconductor assembly and test (OSAT) provider with significant advanced packaging capabilities.

Demand drivers
High cyclicality

Semiconductor packaging and test demand is closely tied to semiconductor industry cycles and end-market consumer electronics demand.