Amkor Technology reported third quarter 2026 results that fell short of analyst estimates on both the top and bottom lines. While the company achieved record revenue in its Computing and Automotive & Industrial segments, persistent counter-seasonal weakness in the Communications market offset these gains, leading to a 18.3% gross margin that missed preview expectations.
Key Highlights
- Net sales of $1.99 billion represented a 5% sequential increase from the second quarter but missed the $2.02 billion analyst consensus.
- Gross margin expanded to 18.3% from 16.8% in the prior quarter, driven by higher utilization in advanced packaging for high-performance computing.
- Record Computing revenue surged 23% sequentially, now accounting for 26% of total sales compared to 19% in the year-ago period.
- Fourth quarter guidance projects net sales between $1.9 billion and $2.0 billion, with diluted EPS expected in the range of $0.65 to $0.75.