TLDR
- Third-quarter sales for Amkor total $1.99 billion while gross margin improves to 18.3%.
- Shares decline 6.34% during regular hours but recover 3.23% in extended trading.
- Quarterly net income climbs to $191 million as diluted EPS reaches $0.76.
- Computing and automotive divisions post record sales offsetting communications weakness.
- Company guides toward Q4 revenue of $1.9B to $2B with capital spending at $2.5 billion annually.
Amkor Technology (AMKR) delivered third-quarter sales of $1.99 billion as expanding profitability drove improved earnings throughout its semiconductor packaging operations. The stock declined 6.34% to $36.81 during standard market hours before recovering 3.23% to $38.00 in after-hours activity. Record-setting performance in computing and automotive divisions bolstered quarterly performance even as communications revenue softened.
Semiconductor Packager Posts $1.99 Billion in Quarterly Sales
Amkor produced net sales of $1.991 billion during the reporting period, up from $1.898 billion in the prior quarter. The figure also surpassed the $1.987 billion generated in the same quarter of 2025. While annual revenue growth remained modest, the company achieved substantial gains in operating profitability.
Gross profit totaled $364 million as gross margin expanded to 18.3%, compared with 16.8% in the previous quarter. The company delivered a 14.3% gross margin during the year-ago period, representing a 400-basis-point improvement. The margin expansion reflected enhanced profitability despite relatively stable annual sales.
Operating income advanced to $225 million from $200 million sequentially and $159 million in the prior-year quarter. Operating margin similarly rose to 11.3%, improving from 10.5% in the preceding quarter and 8.0% a year earlier. These figures demonstrated strengthening earnings throughout Amkor’s packaging and testing divisions.
Quarterly Earnings Reach $0.76 Per Share on Computing Strength
Net income attributable to Amkor totaled $191 million, rising from $174 million in the second quarter. During the third quarter of 2025, the company recorded net income of $127 million. Diluted earnings per share advanced to $0.76 from $0.70 in the prior quarter and $0.51 in the year-ago period.
EBITDA reached $435 million, climbing from $400 million sequentially. The metric also exceeded the $340 million generated during the corresponding quarter last year. Amkor credited its results to enhanced customer programs, improved margin performance, and growing business commitments.
Computing alongside Automotive & Industrial operations achieved record-level revenue during the quarter. The Communications segment, however, experienced anticipated softness that constrained overall top-line growth. Enhanced customer commitments improved demand visibility while supporting the company’s investment strategy.
Management Issues Q4 Guidance and Full-Year Capex Forecast
Amkor projects fourth-quarter revenue in the range of $1.9 billion to $2.0 billion. Management anticipates gross margins between 18.0% and 19.0% for the upcoming period. The guidance suggests sustained margin strength as 2026 concludes.
The company forecasts fourth-quarter net income ranging from $160 million to $185 million. This corresponds to diluted earnings between $0.65 and $0.75 per share. Amkor additionally revised its full-year capital expenditure projection to approximately $2.5 billion.
As of the end of September, Amkor maintained $2.4 billion in cash and short-term investments compared with $2.5 billion in outstanding debt. The company executed approximately $32 million in share repurchases during the third quarter. A quarterly dividend of $0.08352 per share was distributed on September 22, with subsequent payments subject to board authorization.
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