Amkor Q2 Revenue Jumps 26% to $1.9B, Guides Q3 Above Street
AMKR has more than doubled off its 52-week low of $20.865 on elevated volume (1.8× avg).
Summary
Amkor delivered record Q2 revenue of $1.9B, up 26% YoY, with EPS of $0.70 crushing the $0.22 from a year ago. Gross margin expanded to 16.8% from 12.0%, driven by strength in Computing and Automotive end markets. The Q3 guidance calls for $1.95B-$2.05B in revenue and EPS of $0.72-$0.82, well above consensus. This follows a series of strategic moves — a $1.15B convertible note offering in May, a long-term plan targeting significant growth through 2030, and recent partnerships with TSMC and NVIDIA. The results confirm that AI and HPC demand is translating directly into Amkor's top and bottom lines. The conference call at 5pm ET may provide additional color on capacity expansion and the full-year capex plan of $2.5B-$3.0B.
At the time of this announcement, AMKR was trading at $61.27 on NASDAQ in the Technology sector, with a market capitalization of approximately $15B. The 52-week trading range was $20.87 to $96.68. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.