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AMKR

Amkor Technology, Inc.

AMKR

Amkor Technology, Inc. NASDAQ
$36.39 4.21% (+1.47)

Market Cap $9.00 B
52w High $38.22
52w Low $14.03
Dividend Yield 0.74%
P/E 29.35
Volume 1.43M
Outstanding Shares 247.19M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.987B $125.563M $126.589M 6.371% $0.512 $339.242M
Q2-2025 $1.511B $89.93M $54.417M 3.6% $0.22 $258.866M
Q1-2025 $1.322B $126.06M $21.128M 1.599% $0.086 $196.419M
Q4-2024 $1.629B $112.275M $105.649M 6.485% $0.43 $301.861M
Q3-2024 $1.862B $123.117M $122.569M 6.584% $0.5 $308.093M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.11B $8.187B $3.845B $4.308B
Q2-2025 $2.044B $7.706B $3.474B $4.197B
Q1-2025 $1.563B $6.921B $2.731B $4.156B
Q4-2024 $1.647B $6.944B $2.761B $4.15B
Q3-2024 $1.471B $7.029B $2.832B $4.164B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $126.682M $168.514M $-348.72M $210.643M $28.275M $168.514M
Q2-2025 $55.052M $258.463M $-142.743M $350.471M $469.811M $112.274M
Q1-2025 $21.853M $24.149M $-63.054M $-42.251M $-75.984M $-55.748M
Q4-2024 $107.051M $537.608M $-298.572M $-53.101M $174.386M $251.879M
Q3-2024 $122.69M $164.192M $-226.693M $-68.854M $-120.499M $-31.332M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Advanced Products
Advanced Products
$1.57Bn $1.36Bn $1.06Bn $1.23Bn
Mainstream Products
Mainstream Products
$290.00M $270.00M $260.00M $280.00M

Five-Year Company Overview

Income Statement

Income Statement Revenue and profits have come off their recent peak but remain clearly above pre‑pandemic levels. The business is still solidly profitable, yet margins have narrowed as industry conditions softened after a strong run in 2021–2022. Earnings per share tell a similar story: very strong a couple of years ago, now normalizing to more mid‑cycle levels. Overall, the income statement reflects a cyclical company that is past the peak of the latest upcycle but is not in distress.


Balance Sheet

Balance Sheet The balance sheet has steadily strengthened over the last five years. Total assets and cash have grown, while debt has stayed broadly flat and equity has increased. This means the company relies less on borrowing, has more of its own capital at work, and carries a comfortable cash cushion. The result is a sturdier financial foundation and better flexibility to handle downturns or fund large projects, even though debt remains a meaningful part of the capital structure.


Cash Flow

Cash Flow Cash generation from day‑to‑day operations has been consistently healthy, even as profits moved up and down with the cycle. The company spends heavily on capital investments, which limits how much free cash is left over each year, but free cash flow has generally stayed positive rather than dipping deeply negative. In simple terms, Amkor is funding an aggressive investment program largely from its own cash generation, without having to dramatically increase borrowing, which is a sign of a reasonably balanced cash profile.


Competitive Edge

Competitive Edge Amkor is one of the major players in outsourced semiconductor assembly and test, with a global footprint, long relationships with top chipmakers, and a broad range of packaging and test services. Its scale and technical depth create switching costs for customers, since qualifying a new packaging partner is slow and risky. It stands out in automotive, high‑performance computing, and other demanding markets, and the strategic partnership with TSMC in the US should reinforce that position. However, the OSAT industry is still competitive and cyclical, with ongoing pricing pressure and reliance on a relatively concentrated group of large customers.


Innovation and R&D

Innovation and R&D The company’s edge comes from advanced packaging know‑how rather than from making chips themselves. It is a leader in complex packaging like system‑in‑package, 2.5D and 3D stacking, wafer‑level packaging, and advanced flip‑chip technologies—capabilities that are increasingly critical for AI, 5G, cloud, and automotive applications. A sizable technical team and continuing R&D investment support this position. The planned advanced packaging plant in Arizona, tightly linked to TSMC’s local operations, is a major strategic bet that could deepen its role in leading‑edge chips if executed well, but it also raises execution and capital‑intensity risks.


Summary

Overall, Amkor looks like a cyclical but structurally stronger business than it was several years ago. Profitability has cooled from exceptional highs but remains solid; the balance sheet and cash generation provide resilience; and the company is investing heavily to secure a key role in advanced packaging for AI, automotive, and high‑performance computing. The main watch points are industry cycles, pricing pressure, customer concentration, and the successful ramp‑up of large new facilities, especially in Arizona. The long‑term story hinges on whether its technological lead and partnerships can translate into sustained, higher‑value business through future cycles.