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Amkor’s $12 Billion Arizona Bet: Can Advanced Packaging Power Its Next Growth Phase?

Amkor Technology, Inc. reported third quarter 2026 revenue of approximately $2 billion, marking a 5% sequential increase, with record revenue in the Computing and Automotive and Industrial end markets. Computing and Automotive and Industrial both grew 37% year-over-year. Gross margin expanded to 18.3%, up 150 basis points sequentially and 400 basis points year-over-year, driven by a richer mix of advanced packaging products. Operating margin rose to over 11%, with operating income at $225 million and net income of $191 million, resulting in earnings per share of $0.76. EBITDA margin stood at 21.8%. The Communications end market saw an 8% sequential revenue decline due to component shortages affecting premium-tier smartphones and IoT devices, with expectations of continued pressure in the fourth quarter.