Amkor Technology (AMKR) Q2 2026 earnings summary

Executive summary

• Achieved record Q2 2026 revenue of $1.9 billion, up 26% year-over-year, with growth across all end markets and record results in computing, automotive, and industrial segments.

• EPS rose to $0.70, reflecting higher utilization and improved profitability; gross margin expanded to 16.8%.

• Strategic partnerships with TSMC (10-year advanced packaging agreement) and NVIDIA (multi-year AI infrastructure collaboration) reinforce technology leadership and supply chain resiliency.

• Ongoing global expansion includes fully committed Arizona facility, new buildings in Korea, and capacity increases in Vietnam, Portugal, and Taiwan.

• Advanced packaging programs and facility expansions support continued growth, with strong AI and HPC customer demand.

Financial highlights

• Q2 2026 revenue: $1.9 billion, up 13% sequentially and 26% year-over-year.

• Gross profit: $319 million; gross margin: 16.8%.

• Operating income: $200 million (10.5% margin); net income: $174 million; EBITDA: $400 million (21% margin).

• EPS: $0.70, more than tripling year-over-year.

• Cash and short-term investments: $2.5 billion; total liquidity: $3.6 billion; total debt: $2.5 billion.

Outlook and guidance

• Q3 2026 revenue expected between $1.95-$2.05 billion; gross margin projected at 18.5%-19.5%.

• Net income forecasted at $180-$205 million; EPS between $0.72-$0.82.

• Full-year 2026 CapEx guidance $2.5-$3 billion, with majority for facilities expansion and advanced packaging.

• Computing revenue expected to accelerate nearly 30% sequentially in Q3, driven by AI data center demand.

• Management expects sufficient liquidity for at least the next 12 months, supported by strong cash flows and investments.