These Analysts Slash Their Forecasts On Amkor Technology After Q3 Results

Benzinga Earnings10-27 21:31

Amkor Technology Inc. (NASDAQ:AMKR) posted downbeat third-quarter fiscal 2026 results after Monday’s closing bell.

Amkor Technology reported quarterly earnings of 76 cents per share, which missed the consensus estimate of 78 cents, per Benzinga Pro data. Quarterly revenue came in at $1.99 billion, which missed the Street estimate of $2.01 billion.

"Amkor delivered a strong quarter, with record revenue in Computing and Automotive & Industrial end markets and continued margin expansion, despite expected weakness in Communications," said CEO Kevin Engel.

Amkor is looking for fourth-quarter GAAP EPS of 65 cents to 75 cents, versus the 76 cent analyst estimate, and revenue between $1.9 billion and $2 billion, versus the $2.02 billion estimate.

Amkor Technology shares gained 6.8% to $39.31 in pre-market trading.

These analysts made changes to their price targets on Amkor Technology following earnings announcement.

  • Needham analyst Charles Shi maintained the stock with a Buy and lowered the price target from $90 to $55.
  • Morgan Stanley analyst Joseph Moore maintained the stock with an Equal-Weight rating and cut the price target from $70 to $63.

Considering buying AMKR stock? Here’s what analysts think:

Photo via Shutterstock

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