A Business at a Glance
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AMKOR TECHNOLOGY, INC.
AMKR
$16.2B
Mkt Cap
$64.96
-0.57%
AMKOR TECHNOLOGY, INC. (AMKR) has a current P/E ratio of 43.3, compared to its historical median P/E of 13.1. The stock is currently considered Expensive based on its historical valuation range.
AMKOR TECHNOLOGY, INC. (AMKR) has a 5-year average return on invested capital (ROIC) of 15.8%. This indicates strong capital allocation and a potential competitive advantage.
AMKOR TECHNOLOGY, INC. (AMKR) has a market capitalization of $16.1B. It is classified as a large-cap stock.
Yes, AMKOR TECHNOLOGY, INC. (AMKR) pays a dividend with a trailing twelve-month yield of 0.64%.
Based on historical P/E analysis, AMKOR TECHNOLOGY, INC. (AMKR) appears expensive. The current P/E of 43.3 is 231% above its historical median of 13.1. The estimated fair value CAGR (P/E method) is 13.2%.
AMKOR TECHNOLOGY, INC. (AMKR) operates in the Semiconductors & Related Devices industry, within the Technology sector.
AMKOR TECHNOLOGY, INC. (AMKR) reported annual revenue of $6.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
Amkor is the world's largest U.S.-headquartered outsourced semiconductor assembly and test service provider (OSAT), offering comprehensive packaging and test solutions including advanced packaging, wafer-level processing, and system-in-package (SiP) solutions for smartphones, data centers, artificial intelligence, automobiles, and wearables. The company operates a geographically diverse manufacturing footprint across multiple countries, including the United States where an Arizona facility is under construction, and serves integrated device manufacturers (IDMs), fabless semiconductor companies, original equipment manufacturers (OEMs), and contract foundries through turnkey services encompassing wafer bump, wafer probe, wafer back-grind, package design, packaging, burn-in, system-level and final test, and drop shipment. Amkor's competitive advantages include a strong track record of innovation in advanced packaging technologies, particularly in high-density fan-out (HDFO) and 2.5D solutions, high-volume manufacturing expertise with a reputation for quality execution, long-standing customer relationships with leading semiconductor companies, and a disciplined capital investment approach to develop a competitive cost structure. The business model is driven by outsourcing trends in the semiconductor industry, where customers increasingly rely on specialized service providers to focus on core competencies such as silicon fabrication, while Amkor captures value through application-specific packaging and test services tailored to customer requirements.
【Advanced packaging momentum accelerating】 Management expects robust demand for advanced packaging solutions throughout 2026, with computing revenue projected to grow over 20% driven by data center and AI-related applications, while communications and automotive segments are anticipated to deliver strong growth. The company is preparing for significant ramps in high-density fan-out and other advanced packaging technologies in the second half of 2026, with production expected to scale in Korea and other facilities. Gross margins are expected to improve in the mid- to high-teens level in the second half of 2026, supported by increased utilization, favorable product mix from advanced packaging, and pricing increases that are expected to offset material cost pressures. The Arizona facility's phase one construction is expected to complete in mid-2027 with production beginning in early 2028, and once at full scale, Arizona is anticipated to be a significant driver of operating income margin expansion through high-value advanced packaging and automation benefits. Management remains confident in full-year 2026 guidance and expects to achieve approximately 30% incremental flow-through on revenue growth, with long-term margin improvement targets including a path to improving corporate gross margins by around 100 basis points by the end of 2027.
| Metric | Target | Period |
|---|---|---|
| CapEx | $2.5B–$3.0B | FY 2026 |
| Computing revenue growth | Over 20% | FY 2026 |
CapEx (FY 2026): “Our 2026 CapEx estimate remains at $2.5 billion-$3 billion.”
Computing revenue growth (FY 2026): “For full year 2026, we expect revenue growth to be driven by continued acceleration in computing, with expected to grow over 20%”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 7.1B | 6.7B | 6.3B | 6.5B | 7.1B | 6.1B |
| Net Income | 436M | 374M | 354M | 360M | 766M | 643M |
| EPS | $1.76 | $1.50 | $1.43 | $1.46 | $3.11 | $2.62 |
| Free Cash Flow | 167M | 191M | 345M | 521M | 190M | 342M |
| ROIC | 11.4% | 10.6% | 9.9% | 10.6% | 24.2% | 23.9% |
| Gross Margin | 14.4% | 14.0% | 14.8% | 14.5% | 18.8% | 20.0% |
| Debt/Equity | 0.29 | 0.34 | 0.30 | 0.31 | 0.36 | 0.44 |
| Dividends/Share | $0.41 | $0.33 | $0.72 | $0.30 | $0.23 | $0.17 |
| Operating Income | 536M | 467M | 438M | 470M | 897M | 763M |
| Operating Margin | 7.6% | 7.0% | 6.9% | 7.2% | 12.7% | 12.4% |
| ROE | 9.6% | 8.7% | 8.7% | 9.4% | 23.2% | 24.4% |
| Shares Outstanding | 248M | 249M | 248M | 246M | 246M | 245M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 3.1B | 2.9B | 3.9B | 4.2B | 4.3B | 4.1B | 5.1B | 6.1B | 7.1B | 6.5B | 6.3B | 6.7B | 7.1B |
| Gross Margin | 17.7% | 16.6% | 18.1% | 18.1% | 16.5% | 16.0% | 17.8% | 20.0% | 18.8% | 14.5% | 14.8% | 14.0% | 14.4% |
| R&D | 77M | 82M | 117M | 167M | 157M | 138M | 141M | 166M | 149M | 177M | 163M | 167M | 163M |
| SG&A | 254M | 232M | 284M | 297M | 295M | 279M | 303M | 296M | 283M | 295M | 332M | 304M | 321M |
| EBIT | 221M | 165M | 309M | 406M | 258M | 233M | 457M | 763M | 897M | 470M | 438M | 467M | 536M |
| Op. Margin | 7.1% | 5.7% | 7.9% | 9.6% | 6.0% | 5.8% | 9.1% | 12.4% | 12.7% | 7.2% | 6.9% | 7.0% | 7.6% |
| Net Income | 129M | 51M | 164M | 264M | 127M | 121M | 338M | 643M | 766M | 360M | 354M | 374M | 436M |
| Net Margin | 4.1% | 1.8% | 4.2% | 6.3% | 2.9% | 3.0% | 6.7% | 10.5% | 10.8% | 5.5% | 5.6% | 5.6% | 6.2% |
| Non-Recurring | 9.2M | 0 | 0 | 108M | 0 | 4.5M | 21M | 4.4M | 2.8M | 2.2M | 4.0M | 37M | 37M |
| Returns on Capital | |||||||||||||
| ROIC | 8.3% | 5.0% | 10.7% | 14.6% | 7.1% | 6.9% | 15.2% | 23.9% | 24.2% | 10.6% | 9.9% | 10.6% | 11.4% |
| ROE | 12.5% | 4.4% | 12.7% | 17.1% | 7.2% | 6.4% | 15.8% | 24.4% | 23.2% | 9.4% | 8.7% | 8.7% | 9.6% |
| ROA | 3.7% | 1.3% | 4.0% | 6.1% | 2.8% | 2.6% | 7.0% | 11.6% | 11.9% | 5.3% | 5.2% | 5.0% | 5.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 615M | 585M | 729M | 618M | 663M | 564M | 770M | 1.1B | 1.1B | 1.3B | 1.1B | 1.1B | 1.2B |
| Free Cash Flow | -66M | 47M | 79M | 67M | 116M | 91M | 217M | 342M | 190M | 521M | 345M | 191M | 167M |
| Owner Earnings | 146M | 87M | 171M | 31M | 86M | 33M | 252M | 547M | 472M | 630M | 476M | 433M | 533M |
| CapEx | 681M | 538M | 650M | 551M | 547M | 472M | 553M | 780M | 908M | 749M | 744M | 905M | 1.0B |
| Maint. CapEx | 465M | 494M | 555M | 582M | 572M | 524M | 510M | 564M | 613M | 632M | 595M | 642M | 659M |
| Growth CapEx | 216M | 44M | 95M | 0 | 0 | 0 | 43M | 216M | 296M | 118M | 149M | 263M | 390M |
| D&A | 465M | 494M | 555M | 582M | 572M | 524M | 510M | 564M | 613M | 632M | 595M | 642M | 659M |
| CapEx/OCF | 110.9% | 92.0% | 89.1% | 89.1% | 82.5% | 83.8% | 71.8% | 69.5% | 82.7% | 59.0% | 68.3% | 82.6% | 86.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51M | 55M | 75M | 179M | 82M | 103M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.0% | 1.1% | 1.2% | 2.4% | 1.3% | 0.6% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 3.7M | 3.9M | 3.3M | 5.1M | 5.0M | 6.9M | 8.0M | 11M | 14M | 8.3M | 18M | 20M | 24M |
| Debt Repayment | 145M | 537M | 32M | 405M | 536M | 53M | 87M | 20M | 27M | 19M | 9.7M | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 986M | 989M | 899M | 846M | 668M | 732M | 544M | 223M | 81M | -354M | -397M | -474M | -550M |
| Cash & Equiv. | 450M | 523M | 550M | 596M | 682M | 895M | 698M | 827M | 959M | 1.1B | 1.1B | 1.4B | 1.8B |
| Long-Term Debt | 1.5B | 1.4B | 1.4B | 1.2B | 1.2B | 1.3B | 1.0B | 985M | 1.1B | 1.1B | 923M | 1.3B | 1.3B |
| Debt/Equity | 1.30 | 1.26 | 1.05 | 0.85 | 0.74 | 0.83 | 0.59 | 0.44 | 0.36 | 0.31 | 0.30 | 0.34 | 0.29 |
| Interest Coverage | 2.1 | 2.0 | 3.9 | 4.8 | 3.3 | 249.9 | 7.1 | 14.8 | 15.3 | 8.0 | 6.8 | 6.2 | 47.4 |
| Equity | 1.1B | 1.2B | 1.4B | 1.7B | 1.8B | 2.0B | 2.3B | 2.9B | 3.7B | 4.0B | 4.1B | 4.5B | 4.5B |
| Total Assets | 3.6B | 4.0B | 4.1B | 4.5B | 4.5B | 4.7B | 5.0B | 6.0B | 6.8B | 6.8B | 6.9B | 8.1B | 8.3B |
| Total Liabilities | 2.5B | 2.8B | 2.7B | 2.8B | 2.6B | 2.7B | 2.7B | 3.1B | 3.1B | 2.8B | 2.8B | 3.6B | 3.7B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -517M | -468M | -304M | -14M | 113M | 234M | 563M | 1.2B | 1.9B | 2.2B | 2.3B | 2.6B | 2.7B |
| Working Capital | 497M | 299M | 404M | 326M | 513M | 942M | 817M | 1.2B | 1.6B | 1.8B | 1.6B | 2.2B | 1.9B |
| Current Assets | 1.2B | 1.3B | 1.4B | 1.6B | 1.7B | 2.0B | 2.1B | 2.9B | 3.3B | 3.2B | 3.1B | 3.9B | 3.8B |
| Current Liabilities | 701M | 1.0B | 1.0B | 1.3B | 1.2B | 1.1B | 1.3B | 1.7B | 1.7B | 1.4B | 1.5B | 1.7B | 1.9B |
| Per Share Data | |||||||||||||
| EPS | 0.55 | 0.22 | 687.95 | 1,101.87 | 0.53 | 0.50 | 1.40 | 2.62 | 3.11 | 1.46 | 1.43 | 1.50 | 1.76 |
| Owner EPS | 0.62 | 0.37 | 716.34 | 130.37 | 0.36 | 0.14 | 1.04 | 2.23 | 1.92 | 2.56 | 1.92 | 1.74 | 2.15 |
| Book Value | 4.75 | 5.17 | 5,797.20 | 7,091.93 | 7.63 | 8.12 | 9.63 | 11.99 | 14.90 | 16.08 | 16.76 | 17.94 | 18.29 |
| Cash Flow/Share | 2.61 | 2.52 | 3,056.17 | 2,584.90 | 2.77 | 2.33 | 3.19 | 4.57 | 4.46 | 5.15 | 4.40 | 4.40 | 4.42 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.04 | 0.17 | 0.23 | 0.30 | 0.72 | 0.33 | 0.41 |
| Shares Out. | 235.2M | 232.0M | 0.2M | 0.2M | 239.8M | 241.8M | 241.5M | 245.4M | 246.2M | 246.4M | 247.6M | 249.3M | 247.8M |
| Valuation | |||||||||||||
| P/E Ratio | 12.2 | 27.1 | 14.8 | 8.6 | 11.4 | 24.8 | 10.2 | 8.6 | 7.2 | 22.2 | 18.0 | 27.1 | 36.8 |
| P/FCF | N/A | 29.4 | 0.0 | 0.0 | 12.5 | 32.7 | 15.8 | 16.2 | 29.0 | 15.4 | 18.4 | 53.0 | 96.3 |
| EV/EBIT | 9.7 | 11.7 | 9.4 | 6.3 | 6.0 | 15.8 | 8.5 | 7.5 | 6.3 | 16.5 | 13.9 | 20.8 | 29.0 |
| Price/Book | 1.4 | 1.2 | 1.8 | 1.3 | 0.8 | 1.5 | 1.5 | 1.9 | 1.5 | 2.0 | 1.5 | 2.3 | 3.6 |
| Price/Sales | 0.6 | 0.5 | 0.4 | 0.6 | 0.4 | 0.5 | 0.5 | 0.9 | 0.7 | 0.9 | 1.2 | 0.9 | 2.3 |
| FCF Yield | -4.2% | 3.4% | 3.3% | 3.0% | 8.0% | 3.1% | 6.3% | 6.2% | 3.5% | 6.5% | 5.4% | 1.9% | 1.0% |
| Market Cap | 1.6B | 1.4B | 2.4B | 2.3B | 1.5B | 3.0B | 3.4B | 5.5B | 5.5B | 8.0B | 6.4B | 10.1B | 16.1B |
| Avg. Price | 7.44 | 6.12 | 6.95 | 9.77 | 8.07 | 8.49 | 10.98 | 21.33 | 19.88 | 24.86 | 30.57 | 24.94 | 64.96 |
| Year-End Price | 6.70 | 5.96 | 10.19 | 9.50 | 6.06 | 12.38 | 14.21 | 22.52 | 22.41 | 32.48 | 25.69 | 40.59 | 64.96 |
AMKOR TECHNOLOGY, INC. passes 3 of 9 quality checks, indicating weak fundamentals.
AMKOR TECHNOLOGY, INC. trades at 43.3x trailing earnings, compared to its 15-year median P/E of 13.1x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 84.1x vs a median of 16.0x. The company's 5-year average ROIC is 15.8% with a gross margin of 16.4%. Total shareholder yield (dividends) is 0.6%. At current prices, the estimated annualized return to fair value is +17.3%.
AMKOR TECHNOLOGY, INC. (AMKR) has a net profit margin of 5.6%. This is a modest margin.
AMKOR TECHNOLOGY, INC. (AMKR) generated $191 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
AMKOR TECHNOLOGY, INC. (AMKR) has a debt-to-equity ratio of 0.34. This indicates a conservatively financed balance sheet.
AMKOR TECHNOLOGY, INC. (AMKR) reported earnings per share (EPS) of $1.50 in its most recent fiscal year.
AMKOR TECHNOLOGY, INC. (AMKR) has a return on equity (ROE) of 8.7%. This indicates moderate shareholder returns.
AMKOR TECHNOLOGY, INC. (AMKR) has a 5-year average gross margin of 16.4%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for AMKOR TECHNOLOGY, INC. (AMKR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
AMKOR TECHNOLOGY, INC. (AMKR) has a book value per share of $17.94, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects robust demand for advanced packaging solutions throughout 2026, with computing revenue projected to grow over 20% driven by data center and AI-related applications, while communications and automotive segments are anticipated to deliver strong growth. The company is preparing for significant ramps in high-density fan-out and other advanced packaging technologies in the second half of 2026, with production expected to scale in Korea and other facilities. Gross margins are expected to improve in the mid- to high-teens level in the second half of 2026, supported by increased utilization, favorable product mix from advanced packaging, and pricing increases that are expected to offset material cost pressures. The Arizona facility's phase one construction is expected to complete in mid-2027 with production beginning in early 2028, and once at full scale, Arizona is anticipated to be a significant driver of operating income margin expansion through high-value advanced packaging and automation benefits. Management remains confident in full-year 2026 guidance and expects to achieve approximately 30% incremental flow-through on revenue growth, with long-term margin improvement targets including a path to improving corporate gross margins by around 100 basis points by the end of 2027.
Based on recent SEC filings and earnings calls, AMKOR TECHNOLOGY, INC. (AMKR) has provided the following forward guidance: CapEx: $2.5B–$3.0B (FY 2026); Computing revenue growth: Over 20% (FY 2026).