On August 4, Amkor Technology rose 5.51% in regular trading, trading at $53.84/share, with turnover of $37.52 million. The stock rebounded sharply following its Q3 earnings per share guidance of $0.72 to $0.82, significantly exceeding the market consensus estimate of $0.63.
The strong guidance follows the company's record-breaking Q2 results, in which net sales reached $1.9 billion, up 26% year-over-year, while EPS of $0.70 far surpassed the consensus estimate of $0.48. Gross margin improved to 16.8% from 12.0% a year earlier, and operating income reached $200 million. The stock had previously plunged over 24% post-earnings due to Q3 revenue guidance falling short of expectations, making today's rebound a recovery from oversold levels supported by the EPS beat.
The broader semiconductor equipment sector rallied in tandem, with Lam Research up 5.86%, Applied Materials up 5.23%, KLA Corporation up 5.0%, and ASML up 4.09%, reinforcing positive momentum across the industry.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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