Amkor Technology reported higher third-quarter profit on October 26 as margins improved despite sales remaining close to their year-earlier level.
The semiconductor packaging and testing company reported $1.991 billion in sales for the quarter ended September 30, compared with $1.987 billion a year earlier. Net income attributable to Amkor rose to $191 million from $127 million, and diluted earnings per share increased to $0.76 from $0.51.
Gross margin expanded to 18.3% from 14.3%. Operating income reached $225 million, compared with $159 million, with operating margin rising to 11.3% from 8%.
Management described record revenue in computing and automotive-and-industrial end markets alongside expected weakness in communications.
For the fourth quarter, Amkor projects sales of $1.9 billion to $2 billion and net income of $160 million to $185 million. It updated its full-year capital-expenditure expectation to approximately $2.5 billion.
Those ranges are management guidance, separate from the completed third-quarter results. The release also reports $2.4 billion in cash and short-term investments and $2.5 billion in total debt at September 30.
Sources: Amkor — October 26 results: https://ir.amkor.com/news-releases/news-release-details/amkor-technology-reports-financial-results-third-quarter-2026