Amkor Technology (AMKR)
Amkor Technology (AMKR) is one of the largest outsourced semiconductor assembly and test providers, the company that packages and tests chips after a foundry makes them. In ETFpedia it represents the packaging-and-test layer of the Google value chain: advanced 2.5D and fan-out packaging that combines logic and high-bandwidth memory for the AI accelerators at the center of the build-out.
| Ticker | AMKR |
|---|---|
| Exchange | Nasdaq |
| Sector | Semiconductors · Assembly, Test & Advanced Packaging (OSAT) |
| Country | United States |
| Held by ETF | TIGER Google Value Chain ETF (0190Y0) |
| Wikidata | Q472536 |
| Last updated | 2026-06-04 |
Next event:Next earnings · Q2 2026 (quarter ending Jun 30, 2026)estimated · Date not yet confirmed as of 2026-06-04; Amkor typically reports Q2 in late July. Last report: Q1 2026 on 2026-04-27. Confirm on Amkor IR. (source)
Latest reported quarter:Q1 2026 (ended Mar 31, 2026) (reported2026-04-27)
Amkor reported record Q1 2026 net sales of $1.685 billion, up 27% year over year on broad-based demand and advanced-packaging strength; net income rose to $83 million ($0.33 per diluted share) from $21 million ($0.09) a year earlier, with gross margin up to 14.2%.
| Net sales | $1.685B+27%YoY · Company record |
|---|---|
| Gross margin | 14.2% · vs 11.9% a year earlier |
| Operating income | $100M · vs $32M a year earlier |
| Net income (attrib. to Amkor) | $83M · vs $21M a year earlier |
| Diluted EPS | $0.33 · vs $0.09 a year earlier |
Revenue by segment
| Communications (end market) | 44% of sales |
|---|---|
| Computing (end market) | 21% of sales |
| Automotive, industrial & other (end market) | 21% of sales |
| Consumer (end market) | 14% of sales |
Guidance:Q2 2026
| Net sales | $1.75B–$1.85B |
|---|---|
| Gross margin | 14.5%–15.5% |
| Net income | $105M–$130M |
| Diluted EPS | $0.42–$0.52 |
| Full-year 2026 capex | $2.5B–$3.0B |
Recent & upcoming events
- · Record Q1 2026 results.Net sales $1.685B (+27%), net income $83M ($0.33 EPS) up from $21M, gross margin 14.2%; guided Q2 sales to $1.75B–$1.85B and 2026 capex to $2.5B–$3.0B on advanced-packaging investment. (source)
- · Broke ground on Arizona advanced-packaging campus.Amkor began building a roughly $2 billion advanced packaging and test facility in Peoria, Arizona near TSMC's US fabs, backed by CHIPS Act funding, to package and test leading-edge chips for AI and high-performance computing. (source)
The percentages are end-market shares of Q1 2026 net sales (communications, computing, automotive/industrial, consumer), not reportable segments; Amkor reports a single operating segment. Figures from the Q1 2026 release.
Figures are as of 2026-06-04 and reflect the most recent public filings/IR releases; they are updated after each earnings report.
What does Amkor Technology do?
Amkor is an OSAT company: outsourced semiconductor assembly and test. A foundry such as TSMC fabricates the silicon wafer, but the bare wafer is not a usable product. Amkor takes it and does the back end, dicing the wafer, packaging each die (encasing it and wiring it out to a substrate), and testing the result before it ships to a system maker. The hard, high-value part is advanced packaging, where Amkor stacks or places multiple dies together (2.5D integration, high-density fan-out, system-in-package) so that a logic chip and high-bandwidth memory behave like one part. That is exactly what an AI accelerator needs. Amkor reports a single operating segment but breaks revenue down by end market: in Q1 2026 communications was 44% of sales and computing 21% (Amkor Q1 2026 release).
“Amkor delivered a strong start to 2026 with record first quarter revenue driven by broad-based end market demand.”
— Kevin Engel, President and CEO, Amkor Q1 2026 release
Why is Amkor part of the Google value chain?
A fabricated wafer of TPU dies is not a finished accelerator until the logic is packaged with memory and tested, and advanced packaging that stacks logic with high-bandwidth memory has become one of the tighter bottlenecks in AI hardware. Amkor supplies that step, so it complements the foundry in the Google value chain rather than competing with it. The structural bet is geographic too: in late 2025 Amkor broke ground on a roughly $2 billion advanced packaging and test campus in Peoria, Arizona, next to TSMC’s US fabs and backed by CHIPS Act funding, so leading-edge chips can be packaged in the United States instead of shipped back to Asia (Tom’s Hardware).
What did Amkor report most recently?
In Q1 2026 (the quarter ended March 31, 2026), Amkor posted record net sales of $1.685 billion, up 27% year over year, on broad-based demand and advanced-packaging strength (Amkor, Apr 27, 2026). Profitability improved sharply: gross margin rose to 14.2% from 11.9%, operating income climbed to $100 million from $32 million, and net income attributable to Amkor reached $83 million, or $0.33 per diluted share, up from $21 million ($0.09) a year earlier. The result was the first full quarter under new CEO Kevin Engel, who took over from Giel Rutten on January 1, 2026 (Business Wire).
What is Amkor’s guidance?
For Q2 2026, Amkor guided net sales to $1.75 billion to $1.85 billion, gross margin to 14.5% to 15.5%, net income to $105 million to $130 million, and diluted EPS to $0.42 to $0.52 (Amkor, Apr 27, 2026). It set full-year 2026 capital expenditure at $2.5 billion to $3.0 billion, a heavy spend that funds the Arizona campus and added advanced-packaging capacity.
What are the risks for Amkor?
- Capital intensity. Advanced packaging requires large, lumpy capex (2026 guided at $2.5 billion to $3.0 billion), and returns depend on filling that new capacity.
- Thin margins and cyclicality. OSAT gross margins are low (14.2% in Q1 2026) and the business is cyclical, so utilization swings hit earnings quickly.
- Customer and end-market concentration. Communications and computing dominate the mix, and a slowdown in any large customer’s program would weigh on volumes.
- Execution on Arizona. The US campus is a multi-year build tied to CHIPS funding and customer commitments; delays or ramp problems would defer the payback.
Related securities, concepts & terms
- Google (Alphabet) AI Value Chainparent
- Broadcom (AVGO)sibling
Related indices & ETFs
- TIGER Google Value Chain ETF (0190Y0) · Mirae Asset Global InvestmentsKorea-listed ETF tracking the Akros Google Value Chain Index; Amkor is a constituent as the advanced-packaging (OSAT) layer.
- Akros Google Value Chain Index (AGOOGVC) · AkrosThe benchmark the TIGER ETF tracks: up to 20 Google value-chain names, including Amkor.
Frequently asked questions about Amkor Technology
What does Amkor Technology do?
Amkor is an outsourced semiconductor assembly and test (OSAT) company. After a foundry like TSMC fabricates a wafer, Amkor packages the chips (encasing and connecting them) and tests them before they ship. It is one of the largest OSAT providers and a leader in advanced packaging such as 2.5D and fan-out, which combine logic and high-bandwidth memory into the modules used by AI accelerators.
Why is Amkor part of the Google value chain theme?
Custom AI silicon does not work straight off the wafer; it has to be packaged and tested, and advanced packaging that stacks logic with high-bandwidth memory is now a bottleneck for AI hardware. Amkor provides that packaging and test, complementing the foundry step in the value chain (Amkor Q1 2026 release). It is also building a $2 billion advanced-packaging campus in Arizona next to TSMC's US fabs (Tom's Hardware).
What was Amkor's latest quarterly revenue?
Amkor reported record Q1 2026 (quarter ended March 31, 2026) net sales of $1.685 billion, up 27% year over year (Amkor, Apr 27, 2026). Net income attributable to Amkor rose to $83 million, or $0.33 per diluted share, from $21 million ($0.09) a year earlier, as gross margin improved to 14.2% from 11.9%.
When does Amkor report next earnings?
Amkor is expected to report Q2 2026 results in late July 2026. That timing is estimated from prior years and is not yet confirmed, so check Amkor investor relations. The company last reported Q1 2026 on April 27, 2026, and guided Q2 sales to $1.75 billion to $1.85 billion.
What is Amkor building in Arizona?
Amkor is constructing a roughly $2 billion advanced packaging and test facility in Peoria, Arizona, near TSMC's US fabs, supported by CHIPS Act funding (Tom's Hardware). The campus is meant to package and test leading-edge chips for AI, high-performance computing, and automotive, with production planned to ramp later in the decade. Full-year 2026 capex is guided to $2.5 billion to $3.0 billion.
Sources & references
- Amkor Technology reports financial results for the first quarter 2026 (Form 8-K, Exhibit 99.1) · Amkor Technology, Inc. / SEC EDGAR, 2026-04-27
- Amkor Technology, Inc. · Q1 2026 quarterly report (Form 10-Q) · Amkor Technology, Inc. / SEC EDGAR, 2026-04-27
- Amkor announces US advanced packaging and test facility (Peoria, Arizona) · Amkor Technology, Inc., 2025-10-01
- Amkor's Arizona mega-plant could plug the holes in America's chip ambitions · Tom's Hardware, 2025-10-02
- Amkor Technology announces CEO transition (Engel succeeds Rutten) · Amkor Technology / Business Wire, 2025-10-27
- Amkor Technology investor relations · Amkor Technology, Inc., 2026-06-04
- Amkor Technology, Inc. Common Stock (AMKR) · Nasdaq listing · Nasdaq, 2026-06-02