AMKR Stock Recent News

Amkor Technology reported strong results but provided softer-than-expected guidance for Q3'24, leading to a significant sell-off in shares. Amkor's operational performance in segments like automotive and communications may indicate broader trends in the semiconductor and end markets as the economy cools. Despite short-term headwinds, AMKR's growth potential in segments like automotive and enterprise infrastructure could lead to improved margins and shareholder value.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Amkor Technology's Q2'24 results and guidance were below expectations, leading to an 18% drop in shares. The company specializes in advanced packaging solutions, with major customers including Apple, Qualcomm, and Nvidia. Despite the recent share price decline, Amkor's strong market position and growth potential make it a compelling investment opportunity.

Amkor Technology, Inc. (NASDAQ:AMKR ) Q2 2024 Earnings Conference Call July 29, 2024 5:00 PM ET Company Participants Jennifer Jue - Vice President, Investor Relations Giel Rutten - President and Chief Executive Officer Megan Faust - Executive Vice President and Chief Financial Officer Conference Call Participants Thomas Diffely - D.A. Davidson Charles Shi - Needham & Company Randy Abrams - UBS Craig Ellis - B.

Amkor Technology (AMKR) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.26 per share a year ago.

Amkor's (AMKR) second-quarter performance is likely to reflect the benefits of production ramps for new products, including advanced SAP technology and 2.5D technology.

TEMPE, Ariz.--(BUSINESS WIRE)--Amkor Signs Preliminary Memorandum of Terms with US Department of Commerce for Arizona Advanced Packaging and Test Facility.

The U.S. Commerce Department said on Friday it plans to award Amkor Technology up to $400 million in government grants to help fund the company's planned $2 billion advanced semiconductor packaging facility in Arizona.

Zacks.com users have recently been watching Amkor Technology (AMKR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Amkor Technology (AMKR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.