Amkor Q4 EPS Beats by 57% and Unveils Record FY26 CapEx
Amkor Technology posted Q4 EPS of $0.69, beating the $0.44 consensus, and generated $1.89 billion revenue versus $1.84 billion estimates. It guided Q1 GAAP EPS of $0.18–0.28 against a $0.21 forecast, forecasted $1.6–1.7 billion revenue and unveiled record FY26 CapEx.
1. Q4 Financial Results
Amkor Technology delivered Q4 GAAP EPS of $0.69, a 57% beat over the $0.44 consensus, and recorded $1.89 billion in revenue, topping the $1.84 billion estimate. Both gross margin and operating income exceeded expectations, underpinning strong end-market demand for advanced packaging services.
2. Q1 Guidance
The company projected Q1 GAAP EPS between $0.18 and $0.28 versus the $0.21 analysts’ estimate, and revenue of $1.6–1.7 billion, above the $1.53 billion forecast. Management cited ongoing capacity utilization gains and robust order backlog in high-density fan-out packaging as key drivers.
3. Record Capital Expenditure
Amkor raised its FY26 CapEx to a record level well above prior guidance, reflecting confidence in long-term growth from 2.5D/HDFO packaging ramps. Initial expansions in Korea and planned capacity builds in Arizona are designed to support projected revenue growth of 11% in FY26 and 16% in FY27.
4. Analyst Response and Price Target
Needham maintained a Buy rating and lifted its price target from $50 to $65, citing a beat-and-raise quarter and stronger-than-expected guidance. The firm modestly increased its FY26 and FY27 estimates, underscoring conviction in Amkor’s advanced packaging roadmap and market share gains.