Amkor Technology Reports Q3 2026 Results with Strong Computing and Automotive Growth
Amkor Technology (AMKR) reported third-quarter net sales of $1.99 billion, a 5% sequential increase driven by significant growth in the computing and automotive sectors. Despite facing headwinds in communications due to memory supply constraints and component shortages in consumer electronics, the company saw its gross margin expand to 18.3%. This improvement was attributed to a higher mix of high-value advanced packaging products. The company is heavily investing in long-term capacity, highlighted by a $12 billion advanced packaging campus in Arizona and expansions in Korea and Vietnam. While customer concentration remains a factor at 66% of net sales, the decline from previous levels suggests gradual diversification. Looking ahead to Q4, Amkor expects revenue between $1.9 billion and $2.0 billion, supported by continued momentum in high-performance computing.
Tickers: $AMKR
Topics: Automotive and Industrial Revenue Computing Revenue Gross Margin Net Sales Operating Income Revenue Guidance