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Amkor Technology (AMKR) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqGS•Technology•Semiconductor Equipment & Materials
B
GoodMetricSide Score: 67/100
ProfitabilityProfit15/30
GrowthGrowth25/25
Balance SheetBalance23/25
Cash QualityCash4/20
Price & Volume
Market Cap $17.24B

Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, burn-in, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage. The company provides wafer-level CSP packages for power management, transceivers, sensors, wireless charging, codecs, and specialty silicon; wafer-level fan-out packages used in power management, transceivers, radar, and specialty silicon; silicon wafer integrated fan-out technology that replaces a laminate substrate with a thinner structure; leadframe packages for electronic devices and mixed-signal applications; and substrate-based wirebond packages used to connect a die to a substrate. In addition, it offers micro-electro-mechanical systems packages that are miniaturized mechanical and electromechanical devices; and advanced system-in-package modules used in radio frequency and front end modules, basebands, connectivity, fingerprint sensors, display and touch screen drivers, sensors and MEMS, and NAND memory and solid-state drives. Further, the company provides wafer, package, and system level test services, as well as burn-in test and test development services. It serves integrated device manufacturers, fabless semiconductor companies, original equipment manufacturers, and contract foundries. Amkor Technology, Inc. was founded in 1968 and is headquartered in Tempe, Arizona.

Moat Signals

Competitive analysis based on 64 quarters of fundamental data

Pricing Power

Moderate Moat

Operating margins are positive at ~6.8% on average, but show some variability — pricing power may be sensitive to market conditions.

Competitive Advantage

Moderate Moat

ROE is positive at ~8.3% on average, adequate but below the threshold typically associated with wide moats.

Cash Generation

Weak Moat

Only 4 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.

Demand Durability

Moderate Moat

Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.

Risk Signals

Data-driven red flags and warnings across 64 quarters

Some Concerns

Margin Pressure

Healthy

Margins are stable or improving at ~7.5% — no sign of cost or pricing stress.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Leverage Risk

Watch

Debt-to-equity has risen 26.3% recently — increasing financial risk even if the current ratio is manageable.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Watch

4 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Share Dilution

Healthy

Share count is stable — no significant dilution or buyback activity.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$7.07B
12.7%
Q. Revenue
$1.68B
TTM EBITDA
$1.20B
19.5%
TTM Op. Income
$536.15M
35.1%
Q. Op. Income
$100.29M
TTM Net Income
$436.12M
37.9%
Q. Net Income
$83.35M
EPS
$0.34
Shares Out.
$247.55M
0.3%
$7.07B in TTM revenue grew 12.7% YoY, reaching $1.68B last quarter. TTM EBITDA of $1.20B and TTM operating income of $536.15M shows growth is flowing through. Net income of $436.12M TTM confirms the company is converting revenue into profit. Revenue is growing at a healthy pace — a signal to hold.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
14.2%
19.0%
EBITDA Margin
16.1%
Op. Margin
6.0%
149.6%
Net Margin
4.9%
209.5%
Op. margin of 6.0% is up 3.6% YoY — cost efficiency is improving. Net margin at 4.9% and gross margin of 14.2% — earnings take a bigger bite when COGS stays lean..

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
39.5x
P/S Ratio
2.4x
P/B Ratio
3.8x
At 39.5x P/E, the stock trades at a premium — the market expects above-average growth. P/S of 2.4x and P/B of 3.8x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$8.30B
Cash
$1.12B
Long-Term Debt
$1.26B
Book Value
$4.53B
D/E Ratio
0.3
Debt/EBITDA
4.6
With $8.30B in assets and $1.26B in long-term debt, the D/E of 0.3and book value of $4.53B — shows a conservative capital structure — the company has a strong financial cushion to weather downturns.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$145.09M
Free Cash Flow
$-79.52M
42.6%
FCF Margin
-1.1%
FCF / Net Income
-1.0
FCF of $-79.52M on $145.09M in operating cash flow. The FCF / Net Income ratio of -0.2x shows cash consumption — the business is not yet self-funding.

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