Upside case
Bull case
$110+21.3%
AMKR would need investors to value it at roughly 53x earnings — about 9x more generous than today's 43x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewHoldUpdated Jun 18, 2026
Amkor Technology, Inc. (AMKR) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Hold
Covering
14
analysts
6 bullish · 1 bearish · 14 covering AMKR
Strong Buy
0
Buy
6
Hold
7
Sell
1
Strong Sell
0
Consensus Target
$76
-16.0% vs today
Scenario Range
$52 – $110
Model bear to bull value window
Coverage
14
Published analyst ratings
Valuation Context
43.5x
Forward P/E · Market cap $22.4B
AMKR price targets
Three scenarios for where AMKR stock could go
Current
~$90
Confidence
49 / 100
Updated
Jun 18, 2026
Where we are now
Current · $90
Bear
$52
Base
$83
Bull
$110
Market caseClosest to today
Base case
$83-7.9%
This is close to how the market is already pricing AMKR — at roughly 40x forward earnings. No dramatic re-rating needed, just steady execution on the core business.
Stress case
Bear case
$52-42.0%
If investor confidence fades or macro conditions deteriorate, a 18x multiple contraction could push AMKR down roughly 42% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Amkor Technology, Inc.
AMKR · NASDAQTechnologySemiconductorsDecember year-end
Amkor Technology is a leading provider of outsourced semiconductor packaging and testing services for chipmakers worldwide. It generates revenue primarily from turnkey packaging and test services — including wafer bumping, package design, assembly, and final testing — with advanced packaging solutions like flip-chip and wafer-level packages driving growth. The company's competitive advantage lies in its scale as one of the largest OSAT (outsourced semiconductor assembly and test) providers, deep technical expertise in advanced packaging technologies, and long-standing relationships with major semiconductor manufacturers.
Market Cap
$22.4B
Revenue TTM
$7.1B
Net Income TTM
$436M
Net Margin
6.2%
AMKR Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
83%Exceptional
12 quarters tracked
Revenue Beat Rate
67%Exceptional
vs consensus estimates
Avg EPS Surprise
+25.8%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$0.22/$0.16
Revenue
$1.5B/$1.9B
Q4 2025
EPS
$0.51/$0.42
Revenue
$2.0B/$1.8B
Q1 2026
EPS
$0.69/$0.43
Revenue
$1.9B/$1.8B
Q2 2026
EPS
$0.33/$0.23
Revenue
$1.7B/$1.6B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $0.22/$0.16 | +37.5% | $1.5B/$1.9B | -21.8% |
| Q4 2025 | $0.51/$0.42 | +21.4% | $2.0B/$1.8B | +8.0% |
| Q1 2026 | $0.69/$0.43 | +60.5% | $1.9B/$1.8B | +2.7% |
| Q2 2026 | $0.33/$0.23 | +43.5% | $1.7B/$1.6B | +3.3% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$7.4B
+4.8% YoY
FY2
$7.9B
+6.8% YoY
EPS Outlook
FY1
$1.79
+2.4% YoY
FY2
$1.85
+3.4% YoY
Trailing FCF (TTM)$392M
FCF Margin: 5.5%
Next Earnings
July 27, 2026
Expected EPS
$0.47
Expected Revenue
$1.8B
AMKR beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
AMKR Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $6.7B
Product Mix
Latest annual revenue by segment or product family
Advanced Products
82.8%
+7.4% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
UNITED STATES
48.8%
+10.4% YoY
Tap, hover, or focus a slice to inspect segment detail.
Advanced Products is the largest disclosed segment at 82.8% of FY 2025 revenue, up 7.4% YoY.
UNITED STATES is the largest reported region at 48.8%, up 10.4% YoY.
AMKR Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Cheap versus peers
Fair value est. $152 — implies +67.9% from today's price.
Upside to Fair Value
67.9%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
AMKR
60.3x
vs
S&P 500
24.4x
+147% premium
vs Technology Trailing P/E
AMKR
60.3x
vs
Technology
29.0x
+108% premium
vs AMKR 5Y Avg P/E
Today
60.3x
vs
5Y Average
16.8x
+258% premium
Forward PE
43.5x
S&P 500
18.8x
+131%
Technology
22.3x
+95%
5Y Avg
—
—
Trailing PE
60.3x
S&P 500
24.4x
+147%
Technology
29.0x
+108%
5Y Avg
16.8x
+258%
PEG Ratio
43.40x
S&P 500
1.66x
+2515%
Technology
1.51x
+2781%
5Y Avg
—
—
EV/EBITDA
20.4x
S&P 500
15.2x
+34%
Technology
16.6x
+23%
5Y Avg
6.5x
+212%
Price/FCF
117.4x
S&P 500
20.7x
+467%
Technology
19.2x
+511%
5Y Avg
26.9x
+337%
Price/Sales
3.3x
S&P 500
3.1x
+8%
Technology
2.4x
+37%
5Y Avg
1.1x
+201%
Dividend Yield
0.36%
S&P 500
1.91%
-81%
Technology
1.11%
-67%
5Y Avg
1.26%
-71%
| Metric | AMKR | S&P 500 | Technology | 5Y Avg AMKR |
|---|---|---|---|---|
| Forward PE | 43.5x | 18.8x+131% | 22.3x+95% | — |
| Trailing PE | 60.3x | 24.4x+147% | 29.0x+108% | 16.8x+258% |
| PEG Ratio | 43.40x | 1.66x+2515% | 1.51x+2781% | — |
| EV/EBITDA | 20.4x | 15.2x+34% | 16.6x+23% | 6.5x+212% |
| Price/FCF | 117.4x | 20.7x+467% | 19.2x+511% | 26.9x+337% |
| Price/Sales | 3.3x | 3.1x | 2.4x+37% | 1.1x+201% |
| Dividend Yield | 0.36% | 1.91% | 1.11% | 1.26% |
AMKR trades above S&P 500 benchmarks on 5 of 6 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolAMKR Financial Health
Verdict
Strong
Key financial metrics for AMKR are shown below.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$7.1B
Revenue Growth
TTM vs prior year
+12.7%
Gross Margin
Gross profit as a share of revenue
14.4%
Operating Margin
Operating income divided by revenue
7.6%
Net Margin
Net income divided by revenue
6.2%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$1.75
Free Cash Flow (TTM)
Cash generation after capex
$392M
FCF Margin
FCF as share of revenue — the primary cash quality signal
5.5%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
7.6%
ROA
Return on assets, trailing twelve months
5.4%
Cash & Equivalents
Liquid assets on the balance sheet
$1.4B
Net Debt
Total debt minus cash
$187M
Debt Serviceability
Net debt as a multiple of annual free cash flow
0.5× FCF
~0.5 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
9.9%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.4%
Dividend
0.4%
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
$0.33
Payout Ratio
Share of earnings distributed as dividends
21.9%
Shares Outstanding
Current diluted share count
248M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageAMKR Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 18, 2026
High Risk
Stock price decline
AMKR shares declined 6.2% post-Q1 2026 results despite a record revenue beat, indicating potential investor skepticism or broader market concerns.
Medium
Analyst sentiment
Analysts have assigned a Hold rating with a modest implied upside of -12.2%, reflecting limited bullish conviction in the stock.
Lower
Revenue performance
While the company posted a record revenue beat, the subsequent stock decline suggests other underlying risks may be overshadowing positive financial results.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why AMKR Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 18, 2026
Strong stock performance
The stock has appreciated by 86.96% since initial coverage, reflecting successful execution of the investment thesis.
Advanced chip packaging strength
Amkor Technology's expertise in advanced chip packaging is highlighted as a key competitive advantage.
Revenue growth framework
Management has outlined a clear growth path, projecting revenue to increase from $6.7 billion in 2025 to $11 billion by 2030.
Attractive valuation metrics
The company's trailing and forward P/E ratios of 30.44 and 22.83 respectively suggest reasonable valuation levels.
Institutional ownership interest
Analysis of institutional ownership indicates growing investor confidence in Amkor Technology's prospects.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
AMKR Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$90.46
52W Range Position
92%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$19.79
+357.1% from the low
52-Week High
$96.66
-6.4% from the high
1 Month
+36.98%
3 Month
+93.00%
YTD
+110.8%
1 Year
+344.3%
3Y CAGR
+50.0%
5Y CAGR
+31.6%
10Y CAGR
+31.1%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
AMKR vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
43.5x
vs 36.9x median
+18% above peer median
Revenue Growth
+4.8%
vs +8.5% median
-43% below peer median
Net Margin
6.2%
vs 3.9% median
+57% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
AMK AMKR Amkor Technology, Inc. | $22.4B | 43.5x | +4.8% | 6.2% | Hold | -16.0% |
ASX ASX ASE Technology Holding Co., Ltd. | $88.7B | 1.2x | +12.1% | 7.1% | Buy | — |
UTS UTSI UTStarcom Holdings Corp. | $24M | — | -34.5% | -62.0% | — | — |
TFI TFII TFI International Inc. | $11.9B | 27.3x | +5.7% | 3.9% | Buy | +1.3% |
ONT ONTO Onto Innovation Inc. | $16.6B | 46.5x | +11.5% | 10.3% | Buy | +1.5% |
ICH ICHR Ichor Holdings, Ltd. | $3.4B | 71.5x | +8.5% | -5.3% | Buy | -44.6% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
AMKR Dividend and Capital Return
AMKR returns 0.4% total yield, led by a 0.36% dividend.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
0.4%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
0.36%
Payout Ratio
21.9%
How AMKR Splits Its Return
Div 0.36%
Dividend 0.36%Buybacks 0.0%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.33
Growth Streak
Consecutive years of dividend increases
1Y
3Y Div CAGR
13.8%
5Y Div CAGR
52.7%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$0
Estimated Shares Retired
0
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
248M
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.17 | — | — | — |
| 2025 | $0.33 | -54.2% | 0.0% | 0.8% |
| 2024 | $0.72 | +138.5% | 0.0% | 2.8% |
| 2023 | $0.30 | +35.0% | 0.0% | 0.9% |
| 2022 | $0.23 | +32.4% | 0.0% | 0.9% |
FAQ
7 questionsAMKR Investor Questions
Common questions answered from live analyst data and company financials.
01Is Amkor Technology, Inc. (AMKR) stock a buy or sell in 2026?
Amkor Technology, Inc. (AMKR) is rated Hold by Wall Street analysts as of 2026. Of 14 analysts covering the stock, 6 rate it Buy or Strong Buy, 7 rate it Hold, and 1 rate it Sell or Strong Sell. The consensus 12-month price target is $76, implying -16.0% from the current price of $90. The bear case scenario is $52 and the bull case is $110.
02What is the AMKR stock price target for 2026?
The Wall Street consensus price target for AMKR is $76 based on 14 analyst estimates. The high-end target is $90 (-0.5% from today), and the low-end target is $65 (-28.1%). The base case model target is $83.
03Is Amkor Technology, Inc. (AMKR) stock overvalued in 2026?
AMKR trades at 43.5x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals cheap versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Amkor Technology, Inc. (AMKR) stock in 2026?
The primary risks for AMKR in 2026 are: (1) Stock price decline — AMKR shares declined 6. (2) Analyst sentiment — Analysts have assigned a Hold rating with a modest implied upside of -12. (3) Revenue performance — While the company posted a record revenue beat, the subsequent stock decline suggests other underlying risks may be overshadowing positive financial results. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Amkor Technology, Inc.'s revenue and earnings forecast?
Analyst consensus estimates AMKR will report consensus revenue of $7.4B (+4.8% year-over-year) and EPS of $1.79 (+2.4% year-over-year) for the upcoming fiscal year. The following year, analysts project $7.9B in revenue.
06When does Amkor Technology, Inc. (AMKR) report its next earnings?
Amkor Technology, Inc. is expected to report its next earnings on approximately 2026-07-27. Consensus expects EPS of $0.47 and revenue of $1.8B. Over recent quarters, AMKR has beaten EPS estimates 83% of the time.
07How much free cash flow does Amkor Technology, Inc. generate?
Amkor Technology, Inc. (AMKR) generated $392M in free cash flow over the trailing twelve months — a free cash flow margin of 5.5%. AMKR returns capital to shareholders through dividends (0.4% yield) and share repurchases ($0 TTM).