Amkor Technology, Inc. (AMKR)

We are reducing our 2024/2025E EPS for Amkor Technology (AMKR; $29.53; EW) from $1.55/$2.25 to $1.40/$1.85 after Q4 guidance disappointed the Street due predominantly to lower than seasonal sales to communications markets (50% of total),…

Amkor Technology (AMKR; $29.53; E/W) reported Q3 EPS of $0.49, which compared to our $0.49 and the Street’s $0.50 on sales of $1,862mm (vs. our $1,838mm and the Street’s $1,840mm). Recall, AMKR’s Q3 guidance called…

We expect Amkor Technology (AMKR; $30.00; E/W) to produce Q3 results and an outlook that basically line up with Street expectations when it reports on Monday (10/28 after market) since our checks suggest signs of…

Late last week, Amkor Technology (AMKR; $30.50; E/W) announced a memorandum of understanding (MoU) with TSMC (TSM; $181.16; NR) whereby AMKR would expand its outsourced supply agreement of advanced semiconductor packaging solutions to include planned…

We adjust our 2024/2025E EPS for Amkor Technology (AMKR; $37.60; E/W) from $1.75/$2.25 to $1.55/$2.25 after Q2 operating profits came in as we anticipated, albeit with Q3E guidance that is somewhat below our thinking. Importantly,…

This morning, Amkor Technology (AMKR; $38.18; E/W) announced a long-awaited signing of a non-binding preliminary memorandum of terms with the U.S. Department of Commerce to receive up to $600mm in funding through the U.S. CHIPS…

We are confident Amkor Technology (AMKR; $41.22; E/W) still guides to a significant sales recovery in H2 when it reports Q2 results on July 29th (after market) since our checks suggesting confidence in at least…

We think news flow over the weekend out of Advanced Micro Devices (AMD; $161.57; NR) and NVIDIA (NVDA; $1,130.04; NR) provides further support to the idea that Amkor Technology (AMKR; $32.00; E/W) is well positioned…

We bump up our 2024/2025E EPS for Amkor Technology (AMKR; $31.47; E/W) from $1.60/$2.20 to $1.75/$2.25 after some better Q1 results and Q2E guidance. AMKR also still looks for a robust H2 recovery in sales,…

Amkor Technology (AMKR; $31.47; E/W) reported Q1 EPS of $0.24, which handily beat our $0.10 and the Street’s $0.11 on basically as expected sales ($1,366mm vs. our $1,363mm and the Street’s $1,357mm). Recall, AMKR’s Q1…

We continue to wonder if Amkor Technology’s (AMKR; $30.10; E/W) Q1 results and Q2E outlook, scheduled for April 29th (after market), are limited more than originally expected by a generally high exposure to still challenging…

This morning, Infineon Technologies (IFX.DE; €32.18; NR) announced a new multi-year strategic partnership with Amkor Technology (AMKR; $31.45; E/W) that further expands Infineon’s use of outsourced backend manufacturing in Europe. The two companies will operate…

We initiate coverage of Amkor Technology (AMKR; $33.08) with an Equal-Weight rating after a 62% rally in its shares since late-October. Amkor, founded in 1968, is a top player in the outsourced semiconductor assembly and…