Amkor Technology, Inc. (NASDAQ:AMKR) reported upbeat first-quarter results after Monday’s closing bell.

Amkor reported quarterly earnings of 33 cents per share, which beat the analyst consensus estimate of 22 cents, according to Benzinga Pro data. Quarterly revenue came in at $1.69 billion, which beat the Street estimate of $1.65 billion and was up from $1.32 billion in the same period last year.

"Amkor delivered a strong start to 2026 with record first-quarter revenue driven by broad-based end-market demand," said Kevin Engel, Amkor's CEO.

Amkor expects second-quarter GAAP EPS of 42 cents to 52 cents, versus the 31 cent analyst estimate, and revenue in a range of $1.75 billion to $1.85 billion, versus the $1.74 billion estimate.

Amkor Technology shares fell 7.4% to trade at $70.03 on Tuesday.

These analysts made changes to their price targets on Amkor Technology following earnings announcement.

  • Needham analyst Charles Shi maintained Amkor Technology with a Buy and raised the price target from $65 to $90.
  • Morgan Stanley analyst Joseph Moore maintained the stock with an Equal-Weight rating and raised the price target from $45 to $69.
  • Goldman Sachs analyst James Schneider maintained the stock with a Neutral and boosted the price target from $43 to $65.
  • B. Riley Securities analyst Craig Ellis maintained the stock with a Neutral and raised the price target from $65 to $70.

Considering buying AMKR stock? Here’s what analysts think:

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