AMKR
Amkor Technology, Inc.40.28
-3.63-8.27%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
CapEx details, HDFO ramps clarified
Q&A unpacked the front-loaded $2.5-3B CapEx surge, with 65-70% for Arizona Phase One construction peaking in 2026 and equipment up 40% YoY for Korea/Taiwan HDFO and test. Customer commitments like prepayments underpin confidence, alongside lagging incentives up to $2.85B and debt access at 1.2x leverage; they're comfortable with $500M cash. HDFO/2.5D nearly triples YoY, data center programs ramping steeply to high volume in H2. Other markets eye single-digit growth amid flat units, buoyed by premium shifts. Vietnam breakeven holds. Ramps strain space, eased by SIP migration. HDFO nearly triples this year. Bullish outlook; investors track funding flows and H2 execution.
Key Stats
Market Cap
9.96BP/E (TTM)
32.48Basic EPS (TTM)
1.24Dividend Yield
0.01%Recent Filings
10-K
FY2025 results
Amkor's FY2025 net sales climbed 6.2% y/y to $6.7B, powered by computing up 16% on AI PCs and networking, automotive/industrial +8% via ADAS strength, and consumer +9% in IoT wearables—yet gross margin slipped to 14.0% from higher overhead and Vietnam ramp costs, offset by better utilization. Advanced products hit 82.8% mix at $5.6B, up from 81.9%, while Q4 momentum showed across all end markets. Capex surged to $905M (13.5% of sales) for Arizona buildout; debt stood at $1.4B with $1.0B revolver available. Free cash flow generated $308M. Cyclical semiconductor downturns threaten momentum.
8-K
10M-share block sale launched
Amkor Technology's major shareholder, 915 Investments LP—linked to Chairman Susan Y. Kim's family—launched a 10M-share block sale at $48.75 per share via Goldman Sachs on February 12, 2026, with a 30-day option for 1.5M more. Amkor agreed to a 75-day lock-up on new issuances; the seller faces 180 days on remaining holdings. No dilution hits the company.
8-K
Q4 sales up 16% YoY
Amkor Technology reported Q4 2025 net sales of $1.89 billion, up 16% year-on-year, with net income of $172 million. Full-year sales hit $6.71 billion, up 6%, alongside EBITDA of $1.16 billion and free cash flow of $308 million. Record advanced packaging revenue fueled momentum. Q1 2026 sales guidance: $1.60-1.70 billion.
8-K
Amkor names new CAO
Amkor Technology appointed Cherie Buntyn as Senior Vice President and Chief Accounting Officer on February 2, 2026. The 50-year-old CPA, with prior stints at SurveyMonkey, FLIR, and Intel, starts with $300,000 base salary and 35% target bonus. No family ties or conflicting interests disclosed. Clean leadership refresh.
8-K
Liu resigns board, joins exec team
Amkor Technology's Board accepted John Liu's resignation on October 28, 2025, shrinking from eleven to ten directors—no disagreements cited. Liu transitions internally to Executive Vice President, Corporate Development and Strategy, effective November 3. Smooth handoff. This retains his expertise in-house amid strategic shifts.
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