AMKR
Amkor Technology, Inc.

Amkor Technology, Inc.AMKR

Technology · Semiconductor Equipment & Materials
54.59USD
+4.60%
Sep 23, 2026
AMKR overview ready
Advanced packaging capacity bottleneck in semiconductor supply chain
Direct beneficiary and outsourced-manufacturing pure play in advanced semiconductor packaging and test, with strategically important U.S.
Direct narrative exposure
Exposed to the Semiconductor Supply Chain Localization narrative through Advanced Packaging and Semiconductor Test — bottleneck supplier.
Price trend is broken
Longer-term context reads near trend floor, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Mixed fundamentals
Ev / ebitda is strong, while free cash flow yield is weak.
Primary risk
Cyclical downturn in semiconductor demand.
Market Sep 22Filing Jun 30Price action Sep 22Research Aug 28

Conviction Level

NarrativeHeat8.7ThemeHeat8.6PriceAction7.4Valuation2.8CompanyPosition9.5
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads near trend floor, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA200 aligned with support at the weekly SMA50. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$13.6B
Avg Volume (60D)
5.2M
60 sessions
Revenue Growth YoY
+6.2%
FY2025 vs FY2024
Gross Margin
+15.5%
Trailing twelve months
Operating Margin
+8.6%
Trailing twelve months
Free Cash Flow Yield
-1.3%
Distance from 200DMA
-3.8%
Next Earnings
2026-10-26
P/E
24.4x
EV / EBITDA
10.2x
EV / Sales
1.8x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Two of the three valuation perspectives say expensive; peers is the dissenting view.
Amkor Technology, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces. It trades at 10.2x EBITDA and 1.8x revenue, which require sustained delivery to be justified.

What changed

  • AMKR fell 8.9% in one session
    AMKR closed -8.9% while the broad market was close to flat (-0.5%).
    2026-09-14

Company Research

Thesis
Direct beneficiary and outsourced-manufacturing pure play in advanced semiconductor packaging and test, with strategically important U.S. Capacity being built alongside its established Asian manufacturing footprint.
Opportunity
Moderate opportunity
Chipmaker and AI-system investment in domestic advanced packaging, assembly and test capacity, which is required to turn leading-edge wafers and chiplets into deployable high-performance systems.
Key risk
Cyclical downturn in semiconductor demand.

Narrative & Theme

Semiconductor Supply Chain Localization
Part of Advanced Packaging and Semiconductor Test, with strong fit.
Amkor is an OSAT that performs wafer-level processing, advanced packaging, assembly and test rather than merely supplying adjacent equipment.
Narrative HeatHot8.7 / 10
Theme HeatHot8.6 / 10

Business & Markets

Technology · Semiconductor Equipment & Materials
What they do

Amkor Technology, Inc. provides outsourced semiconductor packaging and test services globally, operating turnkey solutions from wafer bumping to final testing and drop shipment.

How it earns

The company generates revenue primarily through transactional fees for packaging and testing semiconductor products.

Products & services
Semiconductor wafer bump
Wafer probe
Wafer back-grind
Package design
Packaging
Burn-in
System-level and final test
Drop shipment services
Flip chip scale packages
Flip chip stacked chip scale packages
Customers & end markets
Smartphone and tablet manufacturers
Mobile consumer electronics companies
Market position

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

Demand drivers
High cyclicality

Semiconductor equipment and materials demand is closely tied to the cyclical semiconductor industry and end-market consumer electronics demand.