Amkor Technology, Inc.

AMKR Technology Semiconductor Equipment & Materials

Amkor Technology, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.7 billion, up 6.18% from fiscal 2024.

Revenue
+0.18%
EPS
+50.9%
Free cash flow
+20.7%
Total debt
+36.2%

Quarter to September 2026, against a year earlier

32.07 1.58 +5.18%
Market cap
$7.6B
P/E
12.4×
Fwd P/E
15.8×
Dividend yield
1.08%
F-score
4/9
Altman Z
3.40
Beneish M
−2.58
Dividend safety
74/100

Revenue by segment Fiscal 2025

  • Reportable Segment

Every year since 2009 →

Insider Decisions last twelve months

Sold, $m 990.73
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 6 2 8 — 1 7 3 3 4 1 1 —
Insider Ownership 75.72%

Capital & Financial Ratios $m

Size
Market Cap 7,560.00
Revenue ttm 7,461.27
Net income ttm 622.28
Free cash flow ttm (14.93)
Net debt Q 87.43
Valuation
P/E 12.40
Forward P/E 15.80
Price / sales 1.03
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.59
Financial health
Current ratio Q 2.17 (at or above 1.5: strong)
Debt / equity Q 0.51
Interest coverage Q 12.54
Growth
Revenue growth Q +0.18% (above 0%: growing)
Operating income growth Q +41.39% (above 0%: growing)
EPS, this year +68.67% (at or above 15%: strong)
EPS, next year A +9.06%
Revenue, next year A +12.22% (at or above 10%: strong)
EPS, past 5 yrs +1.39%
EPS, next 5 yrs A +28.93% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 40.45%
10-year low 10-year high
P/S against its own 10 years 74.99%
10-year low 10-year high
P/B against its own 10 years 49.25%
10-year low 10-year high
EV/Sales against its own 10 years 74.77%
10-year low 10-year high

Dividends

Yield
1.08%
Annual rate
0.33
Payout ratio
13.4%
Growth, 2020–25
+52.7%/yr
  1. 0.04 ’20
  2. 0.17 ’21 +325
  3. 0.23 ’22 +32
  4. 0.30 ’23 +35
  5. 0.24 ’24 −22
  6. 0.33 ’25 +40
  7. 0.33 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,595 1,647 1,991 2,380
Receivables 1,149 1,055 1,355 1,511
Inventory 393 311 438 604
Other 59 61 101 125
3,196 3,073 3,885 4,620
2023 2024 2025 Q'26
Payables 754 713 913 926
ST’ Debt 132 236 162 150
Other — — — —
1,384 1,455 1,712 2,129

Compound Annual Growth %

10y 5y 3y
Sales 8.81% 5.84% (1.84%)
Cash Flow 6.48% 7.31% (0.10%)
Earnings 22.02% 2.03% (21.26%)
Book Value 13.98% 13.87% 6.79%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 0.33 0.70 0.77 — —
’25 0.09 0.22 0.51 0.69 1.50
’24 0.24 0.27 0.49 0.43 1.43
’23 0.18 0.26 0.54 0.48 1.46
’22 0.69 0.51 1.24 0.67 3.11
’21 0.49 0.51 0.74 0.88 2.62
’20 0.26 0.23 0.38 0.52 1.40
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,685 1,898 1,991 — —
’25 1,322 1,511 1,987 1,888 6,708
’24 1,366 1,461 1,862 1,629 6,318
’23 1,472 1,458 1,822 1,752 6,503
’22 1,597 1,505 2,084 1,906 7,092
’21 1,326 1,407 1,681 1,725 6,138
’20 1,153 1,173 1,354 1,371 5,051
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 145 236 487 — —
’25 24 258 169 644 1,096
’24 162 225 164 538 1,089
’23 176 247 274 574 1,270
’22 166 296 83 553 1,099
’21 177 280 175 490 1,121
’20 97 146 192 336 770
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (72) (199) (62) — —
’25 (52) 113 (78) 318 301
’24 70 60 (31) 251 349
’23 78 63 45 343 529
’22 8 114 (150) 221 194
’21 67 118 (42) 202 345
’20 43 68 51 60 221
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 1.2% a year for ten years. It grew 15.2% a year over the last ten.

Implied
1.2%
10 years, reported
15.2%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,928 4,207 4,316 4,053 5,051 6,138 7,092 6,503 6,318 6,708 7,461 +6.1% 7,528 8,593 9,536 +12.4%
Gross margin, % 18.07 18.09 16.46 16.03 17.84 19.97 18.75 14.50 14.77 13.99 16.56 (4.1) pt
EBT 230 307 186 160 387 715 857 444 431 445 711 +7.6%
EBT margin, % 5.85 7.31 4.30 3.94 7.66 11.65 12.08 6.83 6.82 6.63 9.53 +0.8 pt
Net income 179 268 130 123 340 646 767 362 356 376 622 +8.6%
Per share, $
Per share, $ Revenue 16.54 17.61 18.04 16.91 20.91 25.17 28.98 26.48 25.65 27.15 30.08 +5.7%
Earnings 0.69 1.09 0.53 0.50 1.40 2.64 3.13 1.46 1.44 1.51 2.50 +9.1%
Cash flow 3.07 2.59 2.77 2.35 3.19 4.60 4.49 5.17 4.42 4.43 6.10 +4.2%
Capex (2.55) (1.71) (2.27) (1.93) (2.27) (3.18) (3.70) (3.02) (3.00) (3.21) (6.16) +2.6%
Free cash flow 0.53 0.87 0.50 0.42 0.91 1.41 0.79 2.15 1.42 1.22 (0.06) +9.8%
Book value 5.91 7.20 7.75 8.30 9.75 12.19 15.12 16.26 16.98 18.24 19.50 +13.3%
Shares, m 237 239 239 240 242 244 245 246 246 247 248 +0.4%
Valuation, ×
Valuation, × P/E 15.43 9.63 12.15 26.00 10.77 9.39 8.14 21.92 17.84 26.15 12.40 15.7
P/S 0.64 0.59 0.36 0.77 0.72 0.98 0.88 1.21 1.00 1.45 1.03 0.9
P/B 1.80 1.43 0.85 1.57 1.55 2.03 1.68 1.97 1.51 2.16 1.59 1.7
EV/Sales 0.88 0.77 0.51 0.90 0.78 0.99 0.88 1.15 0.92 1.37 1.04 0.9
EV/FCF 27.61 15.47 18.62 36.09 17.95 17.71 32.14 14.12 16.74 30.57 (520.68) 22.7
Cash, $m
Cash, $m Operating cash flow 729 618 663 564 770 1,121 1,099 1,270 1,089 1,096 1,513 +4.6%
Capex (604) (409) (544) (462) (549) (777) (905) (741) (740) (794) (1,528) +3.1%
Free cash flow 125 209 119 102 221 345 194 529 349 301 (15) +10.3%
Balance, $m
Balance, $m Working capital 404 326 513 942 817 1,177 1,639 1,811 1,618 2,173 2,491 +20.6%
Net debt 923 766 648 548 322 59 (9) (391) (487) (546) 87 n/m
Shareholders’ equity 1,403 1,720 1,856 1,990 2,354 2,973 3,700 3,995 4,183 4,506 4,836 +13.8%
Returns, %
Returns, % ROA 4.32 6.13 2.82 2.63 6.96 11.63 11.91 5.29 5.16 4.96 6.80 +0.6 pt
ROIC 8.29 10.20 6.44 5.74 10.68 15.74 15.19 8.16 7.41 7.38 9.01 (0.9) pt
ROE 13.39 16.88 7.11 6.29 15.57 24.14 22.96 9.35 8.66 8.61 13.50 (4.8) pt
People
People Employees 27,900 29,300 30,850 29,650 29,050 30,400 31,300 28,700 28,300 30,800 — +1.1%
Revenue/emp, $m 0.14 0.14 0.14 0.14 0.17 0.20 0.23 0.23 0.22 0.22 — +5.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Amkor Technology packages and tests semiconductors for other companies. Founded in 1968 and headquartered in Tempe, it is led by President and Chief Executive Officer Kevin K. Engel.

After a chip has been made on a silicon wafer, it must be prepared for use in an electronic product. Amkor’s work includes connecting the chip to a package or circuit board, combining components, and testing for defects and performance. Its services can cover individual steps or a sequence from package design through final testing and shipment.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Reportable Segment 6,708 100.00%
Gross margin 13.99%
Operating margin 6.97%
Pre-tax margin 6.63%

Revenue by segment since 2009

Amkor Technology, Inc. vs peers in Semiconductor Equipment & Materials (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
Q Qnity Electronics, Inc. $23.0B 40.6× 32.1× +21.94% (above 0%: growing) −7.33% (below 0%: shrinking) −19.92% (below 0%: shrinking) 47.75% 21.53% Compare
ENTG Entegris, Inc. $19.1B 49.6× 46.0× +24.61% (above 0%: growing) +124.07% (above 0%: growing) +22.32% (above 0%: growing) 49.74% 22.93% Compare
NVMI Nova Ltd. $8.9B 32.4× 32.9× +15.90% (above 0%: growing) +1.72% (above 0%: growing) −10.48% (below 0%: shrinking) 56.54% 29.88% Compare
ONTO Onto Innovation Inc. $7.7B 58.7× 33.2× +35.30% (above 0%: growing) +76.81% (above 0%: growing) +30.97% (above 0%: growing) 53.41% 18.52% Compare
AMKR Amkor Technology, Inc. $7.6B 12.4× 15.8× +0.18% (above 0%: growing) +50.94% (above 0%: growing) +20.66% (above 0%: growing) 18.26% 11.29%
FORM FormFactor, Inc. $5.6B 32.8× 31.9× +38.42% (above 0%: growing) +370.00% (above 0%: growing) +233.17% (above 0%: growing) 54.68% 29.08% Compare
CAMT Camtek Ltd. $4.3B 122× 37.8× +12.31% (above 0%: growing) −33.33% (below 0%: shrinking) +952.40% (above 0%: growing) 50.06% 20.43% Compare
KLIC Kulicke and Soffa Industries, Inc. $3.1B 27.4× 22.1× +122.63% (above 0%: growing) n/m +856.72% (above 0%: growing) 47.80% 20.66% Compare
AXTI AXT Inc $2.4B 70.3× 49.2× +162.60% (above 0%: growing) n/m +173.29% (above 0%: growing) 55.98% 38.72% Compare
Median of peers $6.6B 45.1× 33.1× +29.96% +39.27% +102.13% 51.74% 22.23%

All 30 Semiconductor Equipment & Materials stocks →

From the latest earnings call

Updated

  • CEO Kevin Engel said the flagship computing program scaled during the quarter, while customers made longer-term commitments and advance payments for capacity.
  • CFO Megan Faust expects component shortages to continue into the fourth quarter, alongside sequential declines in Communications and Consumer revenue.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Needham Oct 27, 2026 Target raised Buy 65.00 → 90.00
B. Riley Oct 25, 2026 Target cut Hold 65.00 → 46.00
UBS Oct 25, 2026 Upgrade Hold → Buy 80.00 → 90.00
B. Riley Securities Oct 25, 2026 Target cut Hold 65.00 → 46.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 46.64%
Held by the ten largest 24.56%
Holder Shares Stake Change
Vanguard 17.41m 7.01% +1.93m
BlackRock 12.29m 4.95% −676.00k
Dimensional Fund Advisors 8.06m 3.25% −2.93m
JPMorgan Chase 5.70m 2.30% +296.06k
State Street 3.73m 1.50% +102.04k
AQR Capital Management 3.20m 1.29% −21.09k
EARNEST PARTNERS LLC 2.85m 1.15% −579.35k
Geode Capital Management 2.80m 1.13% +67.64k
Invesco 2.49m 1.00% +596.39k
Point72 Asset Management, L.P. 2.48m 1.00% −516.11k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 2 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 12.10m 22.70m 280.28
2024 16.64m 14.24m 179.83
2023 12.84m 9.73m 226.98
2022 3.56m 2.42m 161.76
2021 3.83m 9.78m 165.56
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Amkor Technology, Inc. (AMKR) Latest News

5 Nov

Impact 3 · · The Motley Fool

26 Oct

Impact 4 · · The Motley Fool transcript
Impact 3 · · MarketBeat
Impact 3 · · Associated Press earnings

AMKR metrics, ten years each

stockrow.com/AMKR · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com