Amkor will spend up to $3bn this year, close to 40% of its revenue
Amkor Technology reported record second quarter results on Monday. Revenue reached $1.9bn, up 26% on a year earlier, and net income more than tripled.
Operating income roughly doubled to $200m. Earnings came in at $0.70 a diluted share, against $0.22. EBITDA reached $400m.
The numbers matter less than what the company plans to do next. Amkor guided to capital spending of $2.5bn to $3bn for 2026. Set against first half revenue of $3.58bn, that budget runs to between 35% and 42% of annualised sales.
Packaging stopped being the cheap part
Amkor is an OSAT, which means it packages and tests chips that other companies design and fabricate. The work sat at the low-margin end of the industry for decades.
Gross margin now tells a different story. It reached 16.8%, against 12.0% a year earlier, a gain of 480 basis points. Third quarter guidance calls for 18.5% to 19.5%.
The 💜...
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