Q2 2026 Amkor Technology Inc Earnings Call Transcript
Key Points
- Amkor Technology Inc (AMKR) delivered record second quarter revenue of $1.9 billion, marking a 26% year-on-year increase.
- The company achieved strong growth across all end markets, including computing, automotive, and industrial sectors.
- Earnings per share increased significantly to $0.70, reflecting higher utilization and improved profitability.
- Strategic partnerships with TSMC and NVIDIA were announced, enhancing advanced packaging capabilities and reinforcing long-term growth opportunities.
- Amkor's global manufacturing footprint and technology leadership position the company well to support evolving customer requirements and industry trends.
- The communications end market is expected to decline in the third quarter, deviating from typical seasonal patterns due to memory supply constraints and strategic shifts.
- The transition of SiP production to Vietnam is causing temporary disruptions, impacting third-quarter performance and extending into the first half of next year.
- Android revenue declined by 20% in the second quarter, reflecting challenges in memory supply dynamics.
- The company faces potential headwinds from underutilized manufacturing capacity in the US, which could impact future margins.
- Operating expenses are projected to increase in the third quarter, partly due to strategic investments and expansion efforts.
Good day, ladies and gentlemen, and welcome to the Amkor Technology second quarter 2026 earnings conference call. My name is Diego, and I will be your conference facilitator today.
(Operator Instructions) As a reminder, this conference is being recorded. I would now like to turn the call over to Jennifer Jue, Head of Investor Relations. Ms. Jue, please go ahead.
Good afternoon, and welcome to Amkor's second quarter 2026 earnings conference call. Joining me today are CEO Kevin Engel and CFO Megan Faust. Our earnings press release was filed with the SEC this afternoon and is available on the investor relations page of our website along with the presentation slides that accompany today's call.
During this presentation, we will use non-GAAP financial measures, and you can find reconciliation to the comparable GAAP financial measures in the slides. We will make forward-looking statements today based on our current beliefs, assumptions, and expectations.
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