AMKR Nasdaq Russell 1000 Earnings call
AMKOR Technology, Inc. (AMKR) · Q2 2026 results and valuation
Share price: $38.10 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 27 Jul 2026 and 27 Apr 2026
Net income up 108.5% on the previous quarter. Management sounded very upbeat, though noticeably less so answering analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
+108.5%
Net income vs Q1 2026
Outlook given
Net income 173.8M vs 83.4M
Revenue +12.7%
Against the same quarter last year (Q2 2025) it is +219.3%, so it is not just seasonal.
2 · How management spoke
Very upbeat
Among the most upbeat of all company calls
Answers to analysts: typical, but clearly less so than the script.
The step down under questioning is bigger than last call.
3 · What stood out
The collaboration with a partner aligns long-term technology roadmaps to support expansion of advanced packaging capacity and support next-generation AI infrastructure.
Valuation
Is AMKOR Technology, Inc. undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At −1.8% growth a year (3-year revenue growth), the model's fair value is $8.97 a share — the stock trades 325% above it. Today's price assumes 19.6% growth a year.
Current price
$38.10
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+19.6% for 10 yrs
Fair value / share
$8.97
Buy below
$6.73
Price vs fair value
Overvalued >200%
Price vs buy-below price
Overvalued >200%
Read between the lines
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Key theme
The collaboration aligns long-term technology roadmaps to support expansion of advanced packaging capacity and reinforce its important role in supporting next-generation AI infrastructure.
Source quote
“This collaboration aligns long-term technology roadmaps supports expansion of advanced packaging capacity and reinforces the important role advanced packaging plays... This agreement focuses on advanced packaging, and test supporting next-generation AI infrastructure. While these agreements are important individually, together they demonstrate a broader industry transition.”
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Guidance
The company expects third-quarter communications revenue to decline in the high single digits sequentially, which is a departure from typical seasonal patterns.
Source quote
“For the third quarter, we expect communications revenue to decline in the high single digits sequentially which is a departure from the typical seasonal patterns.”
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Figure
Amkor reported second quarter revenue of $1.9 billion, which increased 26% year-on-year.
Source quote
“Amkor delivered a strong quarter achieving second quarter revenue of $1.9 billion, up 26% year-on-year.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Management sounded noticeably less positive answering analysts than in its prepared script — one of the biggest drops of any company call. Scripts are polished in advance; a drop under questioning often marks the topics analysts pressed on, so the answers deserve a closer read than the script.
Sentences that drove the tone
“Accelerated growth in computing and continued momentum in automotive and industrial are expected to drive another solid quarter of revenue and improved profitability.”
“Across the portfolio, demand remained robust for our high-value advanced technology platforms supporting record revenue and improved profitability during the quarter.”
“Amkor delivered record second quarter revenue of $1.9 billion, a sequential increase of 13% outperforming the high end of our guidance.”
Full figures
USD · ROIC.AI fundamentals (NASDAQ:AMKR, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 1.90B | 1.68B | +12.7% | 1.51B | +25.6% |
| Gross profit | 318.6M | 239.0M | +33.3% | 181.9M | +75.1% |
| Operating income | 199.9M | 100.3M | +99.3% | 92.0M | +117.3% |
| Net income | 173.8M | 83.4M | +108.5% | 54.4M | +219.3% |
| EPS | 0.70 | 0.33 | +112.4% | 0.22 | +218.6% |
| P/E today 31.4 | — | 25.9 | — | 17.2 | — |
Topics
Most discussed now
- This continued improvement demonstrates the breadth of demand across Amkor Technology's portfolio and strong execution by its global teams.
- Amkor Technology continues to see growing customer engagements across its leading-edge packaging and test technologies.
- Demand for advanced packaging continues to expand and Amkor Technology's advanced packaging programs remain on track to support growth in…
Faded since Q1 2026
- Dropped That's the wire bond type packages and again, what's going on there, the dynamics you're aware of, increases in ADAS,...
- Fading As Amkor Technology discussed last quarter, overall semiconductor demand is robust.
- Fading At a high level, Amkor Technology's Q1 utilization was in the low 70s, and if you compare that to Q1 last...
- Fading When Amkor Technology thinks about these more advanced programs prior to the U.S.
Latest announcements
Official filings, newest first.
- Results of operations · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Shareholder vote results · SEC 8-K
- Material agreement; New financial obligation; Unregistered share sale · SEC 8-K
- Other events · SEC 8-K
- Other events · SEC 8-K
- Results of operations · SEC 8-K
- Other events · SEC 8-K