Amkor Expects First Quarter Earnings to Exceed Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy AMKR?
Source: Benzinga
- Earnings Expectations Surpass Estimates: Amkor anticipates GAAP EPS in the range of 18 to 28 cents for the first quarter, exceeding the analyst estimate of 21 cents, with revenue expected between $1.6 billion and $1.7 billion, significantly above the $1.53 billion forecast, indicating robust market performance.
- Analyst Rating Upgrade: Needham analyst Charles Shi maintains a Buy rating on Amkor and raises the price target from $50 to $65, reflecting confidence in the company's future growth potential, particularly in the long-term advanced packaging sector.
- Record Capital Expenditure Guidance: Amkor's management expects FY26 capital expenditures to reach a record high, well above street expectations, underscoring confidence in future growth, leading Shi to modestly increase FY26 and FY27 revenue estimates, projecting an 11% rise in FY26 and 16% in FY27.
- Strong Stock Performance: Amkor's stock has surged 113.34% over the past 12 months, currently trading at $54.25, near its 52-week high of $55.17, indicating strong market momentum and positive investor sentiment.
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Analyst Views on AMKR
Wall Street analysts forecast AMKR stock price to fall
9 Analyst Rating
4 Buy
5 Hold
0 Sell
Moderate Buy
Current: 51.590
Low
28.00
Averages
42.14
High
62.00
Current: 51.590
Low
28.00
Averages
42.14
High
62.00
About AMKR
Amkor Technology, Inc. is a provider of outsourced semiconductor packaging and test services. The Company is engaged in the outsourcing of semiconductor packaging and test services. It designs and develops packaging and tests technologies focused on advanced packaging solutions, including artificial intelligence. Its packaging and test services are designed to meet application and chip-specific requirements, including: the required type of interconnect technology; size; thickness; electrical, mechanical, and thermal performance. It provides turnkey packaging and test services including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test and drop shipment services. The Company offers services to integrated device manufacturers (IDMs), fabless semiconductor companies, original equipment manufacturers (OEMs) and contract foundries. It allows IDMs to outsource packaging and test services and focus their investments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Shareholder Ownership: Following the offering, the Kim family will continue to own over 49% of Amkor's common stock, indicating that their status as the largest investor remains intact, which may enhance market confidence in the company's stability.
- Lock-Up Agreement Impact: The selling stockholder has entered into a 180-day lock-up agreement with the underwriter, restricting the sale of remaining shares during this period, which helps stabilize the stock price and reduce market volatility.
- Market Expectation Management: Amkor expects to enter into a clear market provision, agreeing not to sell any common stock for 75 days after the final prospectus date, aiming to maintain market confidence and ensure the successful completion of the offering.
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- Underwriter Arrangement: Goldman Sachs is serving as the sole bookrunning manager for the offering, overseeing the entire issuance process and providing a market signal of the company's active presence in capital markets.
- Lock-Up Agreement Impact: The selling stockholder has agreed to a 180-day lock-up period post-offering, which helps stabilize the stock price and reduce market volatility, thereby creating a more favorable environment for the company's future capital operations.
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- Stable Shareholder Structure: Post-offering, the Kim family will retain over 49% ownership, reflecting their confidence in the company's strategic vision, which may bolster investor confidence in future growth prospects.
- Lock-Up Agreement Impact: The selling stockholder has entered into a 180-day lock-up agreement with the underwriter, restricting the sale of remaining shares, which will help stabilize the stock price and reduce market volatility.
- Underwriter's Role: Goldman Sachs serves as the sole bookrunning manager for the offering, highlighting its significant position in the capital markets while providing Amkor with professional market support.
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