Amkor Technology (AMKR) Q1 2026 earnings summary

Executive summary

• Achieved record Q1 2026 net sales of $1.68 billion, up 27%–27.5% year-over-year, driven by broad-based end market demand, improved factory utilization, and growth across all end markets, especially communications and advanced packaging.

• EPS reached $0.33, reflecting disciplined execution, margin improvement, and strong operational performance.

• Advanced packaging, margin initiatives, and preparation for future ramps supported results.

• Strategic focus on technology leadership, geographic expansion (Arizona, Korea, Vietnam), and deepening customer partnerships.

• Strong cash flow from operations and significant investments in advanced packaging and new facilities.

Financial highlights

• Q1 gross margin was 14.2%, up from 11.9% year-over-year and exceeding guidance due to favorable product mix.

• Gross profit was $239 million, up from $157.6 million year-over-year; operating income was $100 million (6% margin, up from 2.4% YoY).

• Net income was $83–$84 million; EBITDA was $285 million (16.9% margin).

• Cash and short-term investments totaled $1.8–$1.85 billion; total liquidity was $2.9 billion.

• Capital expenditures for Q1 2026 were $224.6–$275 million, focused on advanced packaging and Arizona facility.

Outlook and guidance

• Q2 2026 net sales guidance: $1.75–$1.85 billion; gross margin 14.5%–15.5%.

• Q2 net income forecast: $105–$130 million; EPS $0.42–$0.52.

• Full-year 2026 CapEx expected at $2.5–$3.0 billion, mainly for Arizona facility and advanced packaging.

• Communications, computing, and automotive/industrial segments expected to grow sequentially in Q2.

• Management expects sufficient liquidity for at least the next 12 months, supported by strong cash flow and available credit.