Amkor Technology Sets Long-Term Financial Targets Below Expectations

Written by Emily J. Thompson, Senior Investment Analyst

Source: seekingalpha

Updated: May 21 2026

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AMKR-1.45%

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Source: seekingalpha

2028 Revenue Forecast: Amkor Technology projects 2028 revenues of $9 billion, with a margin of error of $500 million, falling short of the consensus estimate of $9.22 billion, indicating potential challenges in growth that may affect investor confidence.
EPS and Gross Margin: The company anticipates an EPS of $2.50, plus or minus $0.25, and a gross margin of 17.5%, plus or minus 100 basis points, reflecting challenges in enhancing profitability during the transition to higher-value packaging.
2030 Outlook: Amkor expects revenues to exceed $11 billion and EPS to surpass $5 by 2030, with gross margins projected to be over 22%, suggesting optimism for future growth, albeit with initial construction cost pressures.
Key Assumptions: The company highlights that key assumptions for future growth include a shift towards higher-value packaging, ramp-up costs associated with the Arizona facility, and accelerating revenue growth from 2029 to 2030, all of which will directly impact its long-term strategic planning.

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Analyst Views on AMKR

Wall Street analysts forecast AMKR stock price to fall

7 Analyst Rating

2 Buy

5 Hold

0 Sell

Moderate Buy

Current: 70.580

Low

43.00

Averages

51.83

High

65.00

Current: 70.580

Low

43.00

Averages

51.83

High

65.00

B. Riley

Neutral

maintain

$65 -> $70

2026-04-28

Reason

B. Riley

Price Target

$65 -> $70

AI Analysis

2026-04-28

maintain

Neutral

Reason

B. Riley raised the firm's price target on Amkor Technology to $70 from $65 and keeps a Neutral rating on the shares. Amkor delivered slightly better-than-expected Q1 results and Q2 guidance, driven by stronger communications segment performance and AI-related demand, with an improved EPS outlook across CY26-28, the analyst tells investors in a research note.

Morgan Stanley

Joseph Moore

Equal Weight

maintain

$45 -> $69

2026-04-28

Reason

Morgan Stanley

Joseph Moore

Price Target

$45 -> $69

2026-04-28

maintain

Equal Weight

Reason

Morgan Stanley analyst Joseph Moore raised the firm's price target on Amkor Technology to $69 from $45 and keeps an Equal Weight rating on the shares. Amkor reported "a strong beat and raise as previewed," driven by communications, particularly smartphone strength, better mainstream trends, and better gross margin percentage, the analyst tells investors. Following the report, the firm revised calendar year 2027 EPS up and increased its target multiple.

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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.

Clover Health Reports Poor Quarterly Performance

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Amkor Technology Partners with AMD on Chip Packaging

May 21 2026Newsfilter

Land Expansion Plan: Amkor Technology has secured an additional 67 acres in Arizona, planning to start production in 2028 at a new campus adjacent to a 104-acre site, indicating its intent to expand in the semiconductor packaging sector to meet growing market demand.
Technology Upgrade Transition: Amkor is transitioning from traditional simple chip packaging to more advanced technologies through a partnership with TSMC, aiming to enhance its competitiveness and strengthen its position in the high-end market.
Customer Integration Strategy: CEO Kevin Engel stated that the company is working more closely with clients like AMD, enhancing service value and moving up the value chain, which aims to improve overall profitability.
Revenue Forecast Adjustment: Amkor expects revenues between $8.5 billion and $9.5 billion by 2028, with sales reaching $11 billion by 2030; however, the midpoint of the 2028 forecast is slightly below analyst expectations, resulting in a 2.6% decline in stock price.