The combination of a massive EPS beat, record revenue, expanding margins, and raised guidance creates a powerful positive catalyst. Traders should watch for follow-through as the AI/HPC and automotive demand narrative strengthens. The raised Q3 guidance implies further acceleration, making this a potential multi-day momentum event.
Price Chart
Executive Summary
Amkor Technology reported Q2 2026 earnings with a massive beat: EPS of $0.70 vs $0.48 consensus (+45.8%) and record revenue of $1.90B vs $1.82B consensus (+4.4%). Revenue grew 26% YoY, gross margin expanded to 16.8% from 12.0% a year ago, and the company raised Q3 guidance to $1.95B-$2.05B in revenue with gross margin of 18.5%-19.5%. This is a strong beat driven by AI/HPC and automotive demand, with accelerating profitability and raised guidance — a clear bullish signal for the stock.
Key Financial Metrics
Key Facts
- Q2 2026 EPS $0.70 vs consensus $0.48 (+45.8% beat)
- Record Q2 revenue $1.90B vs consensus $1.82B (+4.4% beat), up 26% YoY
- Gross margin 16.8% vs 12.0% a year ago, operating margin 10.5% vs 6.1%
- Q3 guidance: revenue $1.95B-$2.05B, gross margin 18.5%-19.5%, EPS $0.72-$0.82
- Record revenue in Computing and Automotive/Industrial end markets
- Total cash and short-term investments $2.5B, total debt $2.5B
Financial Impact
EPS beat of $0.22 (+45.8%) on $1.90B revenue (+26% YoY); Q3 guidance midpoint $2.0B revenue and $0.77 EPS implies continued acceleration
Risk Factors
- Semiconductor cyclicality and potential demand normalization
- Heavy capex ($2.5B-$3.0B in 2026) could pressure free cash flow
- Debt increased to $2.5B from $1.4B at year-end 2025, partly from convertible note issuance
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001047127-26-000043 |
| Document: amkr-20260727.htm | 0001047127-26-000043 |
| Document: 0001047127-26-000043-index-headers.html | 0001047127-26-000043 |
| Document: 0001047127-26-000043-index.html | 0001047127-26-000043 |
| Document: 0001047127-26-000043.txt | 0001047127-26-000043 |
| 8-K Data (Synthetic) | 0001047127-26-000043 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 19, 2026 6w ago | Insider Cluster | $50.89 $47.95 | ▼ −5.78% | ▼ −3.83% | $56.08 (+10.20%) |
Aug 13, 2026 7w ago | Insider Cluster | $57.75 $51.73 | ▼ −10.42% | ▼ −8.68% | $56.08 (−2.89%) |
Aug 11, 2026 7w ago | Insider Cluster | $54.30 $51.35 | ▼ −5.43% | ▼ −4.37% | $56.08 (+3.28%) |
Aug 7, 2026 8w ago | Insider Cluster | $55.27 $47.77 | ▼ −13.57% | ▼ −13.17% | $56.08 (+1.47%) |
Aug 3, 2026 8w ago | Institutional Cluster | $50.84 $47.30 | ▼ −6.96% | ▼ −8.20% | $56.08 (+10.31%) |
Jul 27, 2026 9w ago | 8-K | $45.69 $48.70 | ▲ +6.59% | ▲ +3.21% | $56.08 (+22.74%) |
Jul 23, 2026 10w ago | Institutional Cluster | $65.33 $50.86 | ▼ −22.15% | ▼ −25.46% | $56.08 (−14.16%) |
Jul 20, 2026 10w ago | Insider Cluster | $62.56 $61.30 | ▼ −2.01% | ▼ −6.13% | $56.08 (−10.36%) |
Jul 20, 2026 10w ago | Insider Cluster | $62.56 $61.30 | ▼ −2.01% | ▼ −6.13% | $56.08 (−10.36%) |
May 21, 2026 19w ago | 8-K | $65.90 $93.63 | ▲ +42.07% | ▲ +41.74% | $56.08 (−14.90%) |
US Market Status
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