AMKR · Amkor Technology, Inc.

Amkor delivered record first-quarter 2026 net sales of $1.685 billion, a 27% increase year-on-year and the highest Q1 in company history, driven by broad-based end-market demand across communications (44%), computing (21%), automotive/industrial (21%), and consumer (14%). Advanced products — including flip chip, memory, and wafer-level processing — accounted for $1.372 billion (81%) of total sales, up 29% year-on-year, reflecting strong traction in AI-adjacent and data center applications. Gross margin declined to 14.2% from 16.7% in Q4 2025, primarily due to lower factory utilization following seasonal softness and product mix shifts, though it improved meaningfully from 11.9% in Q1 2025. Operating income rose to $100 million (6.0% margin), supported by disciplined cost management and progress on margin initiatives cited by CEO Kevin Engel. Net income attributable to Amkor was $83 million ($0.33 diluted EPS), more than quadrupling year-on-year, despite a $17 million interest expense and $12 million tax provision. Management highlighted advancement on key customer programs in advanced packaging and improved utilization across its global factory network. The Q2 2026 guidance — $1.75–$1.85 billion in net sales and 14.5–15.5% gross margin — implies continued strength in advanced packaging demand and modest margin expansion, while full-year capex guidance of $2.5–$3.0 billion underscores ongoing capacity investment. The $300 million share repurchase authorization, combined with a $0.08352 quarterly dividend paid March 31, signals confidence in durable cash generation and commitment to balanced capital allocation. With $1.8 billion in cash and short-term investments against $1.4 billion in total debt at quarter-end, Amkor maintains strong financial flexibility to execute its strategic roadmap.