Amkor Technology Sets Softer Fourth-Quarter Outlook Despite Higher Profit

Amkor Technology reported higher third-quarter profit on Monday, October 26, but issued a fourth-quarter sales and earnings outlook below analyst expectations, reflecting uneven demand across its semiconductor packaging and testing businesses.

The Arizona-based company recorded net sales of approximately $1.99 billion for the quarter ended September 30, little changed from the comparable period in 2025. Operating income rose to about $225 million from $159 million, while net income attributable to the company increased to approximately $191 million from $127 million. Diluted earnings per share were $0.76, up from $0.51.

Amkor's gross margin improved to 18.3% from 14.3% a year earlier, indicating that a larger proportion of sales remained after production costs. Management cited record revenue in its computing and automotive and industrial end markets, while communications demand was weaker.

For the fourth quarter, Amkor forecast revenue of $1.9 billion to $2.0 billion and diluted earnings of $0.65 to $0.75 per share. The midpoint of its revenue guidance, $1.95 billion, was below analyst consensus estimates reported by independent financial outlets. Expectations and estimates differ among data providers, so the forecast is more important than any single comparison.

The company also updated its full-year 2026 capital expenditure plan to approximately $2.5 billion. Semiconductor packaging investment is capital-intensive, and the timing of customer orders and new capacity can affect quarterly results.

At the end of September, Amkor held approximately $2.4 billion in cash and short-term investments and carried approximately $2.5 billion in debt. It repurchased roughly $32 million of shares during the quarter.

The results were announced after US markets closed on October 26. They show improved profitability despite broadly flat sales; the fourth-quarter numbers are forward-looking estimates rather than completed results.