Amkor posts transcript of Q2 2026 earnings call
Reuters2026/07/28 22:42- Amkor’s Q2 2026 earnings call drew CEO Kevin Engel, CFO Megan Faust, IR head Jennifer Jue, analysts from UBS, B. Riley, Melius, Needham, KeyBanc.
- Q2 revenue USD 1.9 billion, up 26% year on year; gross margin 16.8%; EPS USD 0.70; utilization moved into high-70% range.
- Q3 outlook: revenue USD 1.95-2.05 billion; gross margin 18.5%-19.5%; EPS USD 0.72-0.82, led by computing strength.
- Management flagged an atypical Q3 communications decline in the high single digits, tied to SiP transfers to Vietnam, memory constraints, build shifts.
- Computing revenue rose 20% sequentially in Q2; projected nearly 30% sequential growth in Q3 on AI demand, HDFO data-center CPU ramp.
- Engel said SiP migration headwinds extend beyond one quarter, likely into Q4 and the first half of next year for one application area.
- Engel highlighted a 10-year advanced packaging agreement with TSMC; Arizona Phase 1 now shown as fully committed.
- Engel detailed a multi-year NVIDIA partnership; prepayment expected in 2027, recognized back as US services are delivered over 5-10 years.
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