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Amkor Technology: 27% Revenue Surge Masks A Supply Chain Constraint That Is Squeezing Capacity!

Amkor Technology reported a record first quarter of 2026 with revenues reaching $1.68 billion, marking a 27% increase year-over-year and surpassing the midpoint of guidance. Growth was evident across all end markets, most notably in communications, which increased by 42%, driven by robust demand for premium iOS smartphones and sustained Android strength. Computing revenues rose 19%, supported primarily by AI data center applications, although this was partially offset by weakness in PC and laptop segments. The automotive and industrial market grew 28%, propelled by advanced technologies in ADAS and infotainment, while consumer revenue saw a more modest 4% increase. Communications and automotive are expected to maintain mid-single-digit to low-double-digit sequential revenue growth in the near term, with computing anticipated to grow mid-single digits fueled by the ramp-up of new data center CPU devices. Gross margin for the quarter was 14.