Amkor Surges 6% On Earnings Beat And Upbeat Revenue Forecast

Amkor Technology (NASDAQ:AMKR) reported second-quarter earnings that exceeded expectations and issued strong forward guidance, lifting its shares more than 6% in after-hours trading.

The semiconductor packaging firm reported adjusted earnings of $0.22 per share for the quarter ended June 30, beating the $0.16 consensus by 37.5%. Revenue reached $1.51 billion, topping the $1.42 billion estimate and rising 3.4% year-over-year. Sequentially, revenue grew 14% across all end markets.

For the third quarter, Amkor projected revenue between $1.875 billion and $1.975 billion. The midpoint of $1.925 billion represents a 9.6% upside to consensus estimates of $1.757 billion.

The quarter included a $32 million net operating benefit from a contingency payment related to its 2017 acquisition of Nanium, contributing $0.07 per share to earnings.

As of June 30, Amkor held $2.0 billion in cash and short-term investments against $1.6 billion in debt. The company plans to repay $223 million in debt in July and paid a quarterly dividend of $0.08269 per share on June 25.

For the full year 2025, capital expenditures are expected to reach approximately $850 million, with investments focused on AI, high-performance computing, and other emerging technologies.