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# Amkor's Third-Quarter Profit Climbs To $191 Million On Wider Margins, But Sales Stay Flat
- URL: https://www.bullished.co/amkors-third-quarter-profit-climbs-to-191-million-on-wider-margins-but-sales-stay-flat-1bce5c3d/
- Published: 2026-10-26T20:27:24.000Z
- Updated: 2026-10-26T20:27:24.000Z
- Description: The chip packager's gross margin reached 18.3% from 14.3% a year earlier, while sales of $1.99 billion barely moved.
- Author: Matteo Parrino
- Tags: Earnings, AMKR, Industry: Technology

Amkor Technology, which provides outsourced semiconductor packaging and test services, reported third-quarter [net sales of $1.99 billion](https://www.sec.gov/Archives/edgar/data/0001047127/000104712726000049/amkr9302026erex-991.htm?ref=bullished.co), about level with $1.987 billion a year earlier, while net income rose to $191 million from $127 million. The company reported the results Monday and guided to fourth-quarter sales of $1.9 billion to $2.0 billion.

## Margins widen on flat sales

Gross margin reached 18.3%, up from 16.8% in the second quarter and 14.3% a year earlier. Operating income was $225 million against $159 million in the third quarter of 2025, and earnings were $0.76 per diluted share versus $0.51\. Sales rose from $1.898 billion in the second quarter.

The cost of materials fell to 50.7% of sales from 57.5% a year earlier. EBITDA, the company's adjusted earnings measure before interest, taxes and depreciation, was $435 million versus $340 million.

CEO Kevin Engel said Amkor "delivered a strong quarter, with record revenue in Computing and Automotive & Industrial end markets and continued margin expansion, despite expected weakness in Communications."

## Communications shrinks as computing grows

Communications, which covers smartphones and tablets, fell to 37% of sales from 51% a year earlier. Computing, which includes data centers, rose to 26% from 19%, and automotive, industrial and other climbed to 22% from 16%. Consumer was 15%, up from 14%.

By product group, advanced products brought in $1,632 million, down from $1,684 million a year earlier, while mainstream products rose to $359 million from $303 million. Amkor's top ten customers made up 66% of sales, compared with 73% a year ago.

The company's profile shows Apple at 29.8% and Qualcomm at 11.1% of 2025 net sales.

## Spending surges ahead of the outlook

For the fourth quarter, Amkor expects gross margin of 18.0% to 19.0% and net income of $160 million to $185 million, or $0.65 to $0.75 per diluted share. It updated full-year 2026 capital spending to about $2.5 billion.

Payments for property, plant and equipment reached $1,236.8 million in the first nine months, versus $472.5 million a year earlier. Long-term debt stood at $2,317.7 million at September 30, against $1,282.8 million at the end of 2025, and cash and short-term investments totaled $2.4 billion.

The quarter followed an [announced $1.3 billion agreement](https://finance.yahoo.com/technology/ai/articles/amkor-technology-nvidia-advance-strategic-113000353.html?ref=bullished.co) with NVIDIA to expand capacity in South Korea. Amkor also bought back about $32 million of stock in the quarter. Management holds its earnings call at 5:00 p.m. Eastern Monday.

Amkor's fourth-quarter guidance brackets the [$1.99 billion](https://wtop.com/national/2026/10/amkor-technology-q3-earnings-snapshot/?ref=bullished.co) it just posted, so the margin gains carry the outlook.

### Sources

- [8-K Filing — AMKOR TECHNOLOGY, INC. (AMKR)](https://www.sec.gov/Archives/edgar/data/0001047127/000104712726000049/amkr-20261026.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit amkr9302026erex-991.htm — AMKOR TECHNOLOGY, INC. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001047127/000104712726000049/amkr9302026erex-991.htm?ref=bullished.co) — SEC EDGAR
- [Amkor Technology: Q3 Earnings Snapshot – WTOP News](https://wtop.com/national/2026/10/amkor-technology-q3-earnings-snapshot/?ref=bullished.co) — wtop.com
- [ASX vs. AMKR: Which Chip Packaging Stock Should You Buy Right Now?](https://finance.yahoo.com/markets/stocks/articles/asx-vs-amkr-chip-packaging-132600434.html?.tsrc=rss&ref=bullished.co) — Yahoo Finance
- [Why are Amkor (AMKR) shares soaring today](https://finance.yahoo.com/markets/stocks/articles/why-amkor-amkr-shares-soaring-201439122.html?ref=bullished.co) — Yahoo Finance
- [Amkor Technology and NVIDIA Advance Strategic Partnership for AI Infrastructure](https://finance.yahoo.com/technology/ai/articles/amkor-technology-nvidia-advance-strategic-113000353.html?ref=bullished.co) — Yahoo Finance
- [Amkor's AI Packaging Growth Accelerates: Can the Momentum Last?](https://finance.yahoo.com/technology/ai/articles/amkors-ai-packaging-growth-accelerates-130500230.html?ref=bullished.co) — Yahoo Finance