Amkor Q3 2026 slides highlight margin gains, advanced packaging growth
Amkor Technology (AMKR) reported its Q3 2026 financial results on October 26, with revenue of $1.99 billion and earnings per share of $0.76, just shy of Wall Street's expectations. The semiconductor packaging company saw a 5% sequential revenue increase, despite a 6.34% drop in stock price from $38.12 after hours, driven by solid profitability gains and strong growth in advanced packaging segments.
Key takeaways from the quarter included a 150 basis point expansion in gross margin to 18.3% and an 11.3% operating margin. Earnings per share surged 49% year-over-year to $0.76, surpassing the $0.77 consensus forecast. Revenue growth was strongest in computing (25% sequential surge) and automotive/industrial (37% year-over-year growth), while communications and consumer segments faced challenges.
Amkor's liquidity stood at $3.4 billion, with a conservative debt-to-EBITDA ratio of 1.7x. The company is aggressively expanding capacity in Arizona and Asia, with multiple facility expansions in Korea and Vietnam. For the fourth quarter, AMkor forecasts net sales between $1.9 billion and $2.0 billion, gross margins of 18.0% to 19.0%, and diluted earnings per share of $0.65 to $0.75.
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