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AMKR
ACCE-researched

Amkor Technology Inc. Common Stock (AMKR) fair value

Technology · Semiconductor Equipment & Materials · NASDAQ · United States
$39.30+0.64%
Market cap $9.7BNext earnings 2026-10-26Updated Oct 18, 2026
Add earnings to calendarGoogle
Our verdict
Trades 14% below our fair value
Price
$39.30
Model fair valueConfidence: good
$45.96
Model range
$17.93 to $70.33
Fair value $45.96
Price $39.30
4 models fit Amkor Technology Inc. Common Stock and they disagree: 0 of 4 land within 15% of the average.
Two or more of our models back this value.
Discount(i)Bronze49
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionAmkor Technology Inc. Common Stock (AMKR)
Fair value (4 models)
$45.96
ACCE price target
$44.50
Rating
Undervalued
Horizon
12 months
Fair value published on 18 Oct 2026, 17:04 CEST; previously $52.52 since 10 Oct 2026, 00:00 CEST.
ACCE price target published on 18 Oct 2026, 00:00 CEST; previously $57.00 since 3 Oct 2026, 00:00 CEST.
Price used: $39.30 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
14.5% below
+16.9% to fair value
ACCE score
62
out of 100
Analysts
64% buy
11 covering
P/E
17.6x
forward 14.0x
1-year return
+22.9%
Dividend yield
0.86%

Amkor Technology Inc. Common Stock in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Amkor Technology is one of the largest outsourced semiconductor assembly and test (OSAT) providers, packaging and testing chips for customers such as Apple and other fabless and integrated device makers, including advanced 2.5D and flip-chip packaging used in AI accelerators and high-end mobile processors. Its moat is scale and customer embedding: qualifying a packaging partner takes years, and Amkor's footprint across Asia and its U.S. buildout give it a position that is hard to replicate quickly. Revenue growth of 25.6% and a forward P/E of 18.8, equal to trailing, suggest the market is pricing earnings growth that has yet to show up in the reported numbers. The thin 15.5% gross margin and 10.5% operating margin leave little room for error, so the investment case rests on operating leverage as advanced packaging mix rises. Its 12.5% ROE and absence from major indices mean the stock is less crowded than its end market, which is worth a closer look on the next earnings print.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
  • high
    Negative free cash flow
    FCF is -$379M despite 25.6% revenue growth and positive net margins. Cash burn is material and unsustainable without capital raises or debt.
  • high
    Score deterioration and quality weakness
    ACCE score fell 6 points to 63 in 90 days. Quality subscore is 60; Momentum is 46. Earnings growth of 218% YoY may not be repeatable.
  • moderate
    Insider selling without offsetting buys
    Last 10 disclosures show $3.85M in sales and $0 in buys. Insiders own 49.9% but are net sellers, signaling caution.
  • moderate
    Short interest elevated
    16.1% short interest is material. Combined with score decline and FCF burn, suggests skepticism among sophisticated investors.

AI research notes

AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Revenue surged 25.6% year over year, and earnings beat expectations by 48.9%, signaling strong demand and operational execution.
Why it could disappoint
  • Free cash flow turned negative at minus $379M, and the company burns cash at a minus 3.1% yield despite revenue growth.
  • Five year revenue growth averaged minus 1.8% annually, showing the current 25.6% spike may be cyclical rather than structural.
  • Return on invested capital of 5.2% trails the risk free rate of 5.2%, meaning capital deployed earns no premium for equity risk.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Oct 26, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where AMKR's valuation models land
Price
$39.30
Model fair value
$45.96
Model range
$17.93 to $70.33
Fair value $45.96
Price $39.30
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
Graham number
P/E comparison
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish64% buy · 11 covering analysts
● Strong buy 5● Buy 2● Hold 4● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
-6.0%
1 month
-26.3%
3 months
-39.5%
6 months
-49.7%
YTD
-0.5%
1 year
+22.9%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
18 Oct 2026, 17:04 CESTRatingFairly valuedfirst publication$41.82
18 Oct 2026, 17:04 CESTFair value$45.96$52.52$41.82
18 Oct 2026, 00:00 CESTACCE price target$44.50$57.00$41.82
10 Oct 2026, 00:00 CESTFair value$52.52$51.18$51.00
3 Oct 2026, 00:00 CESTACCE price target$57.00first publication$56.02
28 Sept 2026, 00:00 CESTFair value$51.18$51.73$53.61
25 Sept 2026, 00:00 CESTFair value$51.73$51.07$53.32
14 Sept 2026, 00:00 CESTFair value$51.07$51.71$51.73
7 Sept 2026, 00:00 CESTFair value$51.71$53.28$47.77
4 Sept 2026, 00:00 CESTFair value$53.28$54.04$47.17

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth88Value62Quality60Momentum39Total62
Valuation
Trailing P/E
17.6x
Forward P/E
14.0x
PEG
0.09
P/B
2.85x
EV / Revenue
1.8x
Book value/sh
$18.75
Enterprise value
$13.3B
Profitability
ROE
12.5%
FCF yield
1.97%
ROIC
5.1%
Health and risk
Debt / equity
0.35
Dividend yield
0.86%
Beta
2.22

Price

+19.9% · 1Y

Ask anything about AMKR

Answered from Amkor Technology Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 100% of peers
low 17.6x17.6xhigh 186.4x
ROEbetter than 50% of peers
low 7%13%high 45%
Div yieldbetter than 67% of peers
low 0.0%0.9%high 2.1%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
AMKR Amkor Technology Inc. Common Stock$39.30$4614% below17.6x12.5%6062
ONTO Onto Innovation Inc. Common Stock$198.67$62223% above74.7x6.8%7162
NVMI Nova Ltd. Ordinary Shares$310.13$16984% above38.9x21.1%8752
FORM FormFactor Inc. FormFactor Inc. Common Stock$95.03--67.9x11.0%7459
BESI.AS BE Semiconductor Industries€157.25--55.4x44.9%9162
7735.T SCREEN Holdings Co., Ltd.¥11770.00--24.2x18.9%7654
CAMT Camtek Ltd. Ordinary Shares$119.48--186.4x7.6%6234

Sector report card

Where AMKR ranks against its sector peers on each metric.

Computing percentiles…
  • Business Wire•Oct 5, 2026
    Amkor Technology to Announce Third Quarter 2026 Financial Results on October 26, 2026
  • Business Wire•Sep 8, 2026
    Amkor Technology Announces Phase 2 of Arizona Advanced Packaging and Test Campus; Expands Investment to $12 Billion
  • Business Wire•Sep 2, 2026
    Amkor Technology to Present at the Goldman Sachs Communacopia + Technology Conference
2 more press releases · full archive on Investor+.INVESTOR
40 filings
October 2026
Oct 15
Form 4Insider transactionPeriod 2026-10-13
View on SEC →
Oct 6
Form 4Insider transactionPeriod 2026-10-02
View on SEC →
September 2026
Sep 24
Form 4Insider transactionPeriod 2026-09-22
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR