Amkor (AMKR) AI Stock Analysis

• Market Cap: $4.98B
• Dividend Yield: 1.64%
• Average Volume (3M): 1.70M
• Price to Earnings (P/E): 15.8
• Beta (1Y): 2.20
• Revenue Growth: -1.93%
• EPS Growth: -15.55%
• Country: US
• Employees: 28,300
• Sector: Technology
• Sector Strength: 82
• Industry: Semiconductors
• EPS (TTM): 0.09
• Shares Outstanding: 247,056,290
• 10 Day Avg. Volume: 1,714,518
• 30 Day Avg. Volume: 1,703,001
• PEG Ratio: 0.41
• Price to Book (P/B): 1.60
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 30.81
• Enterprise Value/Market Cap: 1.26
• Enterprise Value/Revenue: 0.25
• Enterprise Value/Gross Profit: 7.07
• Enterprise Value/Ebitda: 1.45
• 1Y Price Target: $21.00
• Price Target Upside: 4.17% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 72 Outperform
• Price Target: $22.50 ▲(11.61%Upside)

Amkor's overall stock score reflects solid financial health and strategic planning, tempered by challenges in revenue growth and profitability. Technical indicators and valuation are moderate, while the new credit facility provides a positive outlook for future initiatives.

Positive Factors

Partnership

The company confirmed they will be in production for Apple's 2025 models, expecting increased business share from Apple.

Revenue

Amkor's revenue exceeded expectations due to strong performance in communications, particularly smartphones, and a recovery in the automotive and industrial sectors.

Technology

Amkor is poised to benefit from the semiconductor recovery and is well-positioned to outpace industry growth driven by its differentiated advanced technology/IP portfolio, continued outsourcing demand trends, customer share gains, and geographical positioning.

Negative Factors

Gross Margin

Amkor's gross margin was lower than expected, and the company does not anticipate a significant improvement in the near term.

Market Volatility

Order trends in the outsourced semiconductor assembly and test sector can be very volatile, often heavily influenced by major customer forecasts and end-market conditions.

Revenue Guidance

Amkor retracted its full-year, by-segment revenue guidance, citing uncertainties in the second half due to tariffs.

Amkor Business Overview & Revenue Model

Company Description

Amkor Technology, Inc. is a leading global provider of semiconductor packaging and test services. Established in 1968 and headquartered in Tempe, Arizona, Amkor operates in the broader semiconductor industry, serving a diverse range of markets, including automotive, consumer electronics, communications, computing, and industrial sectors. The company offers a comprehensive portfolio of advanced packaging solutions and testing services, supporting semiconductor companies in bringing innovative products to market efficiently and reliably.

How the Company Makes Money

Amkor Technology makes money primarily through the provision of semiconductor packaging and testing services. The company's revenue model is built on delivering advanced packaging solutions and a full suite of test services to semiconductor companies worldwide. Key revenue streams include wafer-level packaging, flip chip packaging, and traditional wirebond packaging, among others. Amkor collaborates with major semiconductor manufacturers and technology companies, leveraging these partnerships to expand its service offerings and improve its technological capabilities. Significant factors contributing to its earnings include its global manufacturing footprint, strong customer relationships, and continued investment in research and development to stay at the forefront of technological advancements in the semiconductor industry.

Amkor Financial Statement Overview

Summary

Amkor demonstrates solid financial health with a stable balance sheet, conservative leverage, and consistent cash flow generation. However, challenges in revenue growth and profitability pressures slightly temper the overall financial strength.

Income Statement

Amkor's TTM revenue has seen a slight decline from the previous annual report, indicating a potential challenge in maintaining sales growth. The gross profit margin stands at 14.17%, and the net profit margin is 5.04%, both reflecting pressures on profitability compared to historical performance. However, the EBITDA margin remains robust at 14.16%, showcasing strong operational efficiency in the semiconductor industry.

Balance Sheet

Amkor's balance sheet is solid with a debt-to-equity ratio of 0.30, suggesting a conservative leverage position. The equity ratio is 60.06%, indicating strong financial stability with a substantial equity base. Return on equity (ROE) of 7.61% shows moderate profitability for shareholders. Overall, the company maintains financial resilience in a highly competitive sector.

Cash Flow

The free cash flow experienced a decline from the previous year, yet the free cash flow to net income ratio of 0.96 shows efficient cash conversion from earnings. Operating cash flow exceeds net income, reflecting strong cash generation capabilities. The investing and financing activities indicate prudent capital management, despite lower free cash flow growth.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
6.27B	6.32B	6.50B	7.09B	6.14B	5.05B
	Gross Profit
889.15M	933.21M	943.15M	1.33B	1.23B	900.81M
	EBIT
396.85M	438.45M	470.29M	897.19M	763.43M	457.25M
	EBITDA
1.05B	1.09B	1.13B	1.53B	1.33B	961.25M
	Net Income Common Stockholders
316.24M	354.01M	359.81M	765.82M	643.00M	338.14M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.56B	1.65B	1.59B	1.24B	1.08B	831.77M
	Total Assets
6.92B	6.94B	6.77B	6.82B	6.04B	5.02B
	Total Debt
1.28B	1.30B	1.35B	1.38B	1.29B	1.24B
	Net Debt
225.36M	166.33M	231.85M	420.00M	459.42M	540.76M
	Total Liabilities
2.73B	2.76B	2.78B	3.12B	3.07B	2.67B
	Stockholders Equity
4.16B	4.15B	3.96B	3.67B	2.94B	2.33B
Cash Flow		Free Cash Flow
223.18M	345.07M	520.55M	190.46M	341.52M	217.01M
	Operating Cash Flow
950.71M	1.09B	1.27B	1.10B	1.12B	770.03M
	Investing Cash Flow
-777.27M	-800.32M	-951.91M	-1.01B	-943.88M	-638.71M
	Financing Cash Flow
-232.81M	-260.43M	-149.21M	55.60M	-30.10M	-333.72M

Amkor Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 20.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMKR, the sentiment is Neutral. The current price of 20.16 is above the 20-day moving average (MA) of 19.34, above the 50-day MA of 18.35, and below the 200-day MA of 23.36, indicating a neutral trend. The MACD of 0.52 indicates Negative momentum. The RSI at 58.83 is Neutral, neither overbought nor oversold. The STOCH value of 70.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AMKR.

Amkor Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NVDA	85 Outperform	$3.51T	46.34	115.46%	0.03%	86.17%	81.36%
UMC	80 Outperform	$20.22B	14.83	11.65%	5.67%	2.22%	-22.39%
AMKR	72 Outperform	$4.98B	15.80	7.76%	1.64%	-1.93%	-15.55%
STM	71 Outperform	$25.65B	24.43	6.33%	1.25%	-25.35%	-70.00%
ASX	70 Outperform	$21.22B	20.69	11.47%	0.10%	1.32%	4.86%
GFS	61 Neutral	$20.72B	28.15	-1.69%	―	-4.42%	-120.96%
Sector *	49 Neutral	C$2.77B	2.48	-80.91%	2.72%	6.54%	-19.28%

Amkor Corporate Events

Amkor Elects Board and Approves Key Governance Changes

At the Annual Meeting of Stockholders held on May 15, 2025, Amkor Technology, Inc. successfully elected 11 directors to its Board for a one-year term. Additionally, stockholders approved the compensation of named executive officers, ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor for 2025, and passed an amendment to the company’s Certificate of Incorporation. These decisions reflect the company’s ongoing efforts to maintain strong governance and operational oversight.

The most recent analyst rating on (AMKR) stock is a Buy with a $36.00 price target. To see the full list of analyst forecasts on Amkor stock, see the AMKR Stock Forecast page.

Amkor Secures New $1 Billion Credit Facility

On May 9, 2025, Amkor Technology, Inc. replaced its existing senior revolving credit facility with a new $1 billion revolving credit facility, secured by a lien on certain subsidiaries’ equity interests. The new facility, which will mature in 2030, includes an optional accordion of up to $200 million and will be used for general corporate purposes. The agreement contains financial covenants, including maintaining specific interest coverage and leverage ratios, and allows for the release of liens upon achieving an Investment Grade Rating. This move is expected to enhance Amkor’s financial flexibility and support its strategic initiatives.

The most recent analyst rating on (AMKR) stock is a Buy with a $36.00 price target. To see the full list of analyst forecasts on Amkor stock, see the AMKR Stock Forecast page.