• Amkor Technology Inc (NASDAQ:AMKR) surpasses Q2 earnings and sales expectations, with a 22 cents per share and $1.51 billion in sales, respectively.
• Morgan Stanley analyst sets a price target of $20, indicating a potential downside despite Amkor's strong performance.
• The company projects Q3 GAAP EPS between 34 cents and 48 cents, with sales ranging from $1.875 billion to $1.975 billion.

Amkor Technology Inc (NASDAQ:AMKR) is a leading provider of semiconductor packaging and test services. The company plays a crucial role in the electronics supply chain, offering solutions that enable the development of advanced semiconductor devices. Amkor's competitors include companies like ASE Technology and JCET Group, which also operate in the semiconductor packaging industry.

On July 29, 2025, Joseph Moore from Morgan Stanley set a price target of $20 for AMKR, while the stock was trading at $25.08. This suggests a potential downside of approximately -20.26% from the target. Despite this, Amkor's recent financial performance has been strong, with second-quarter earnings of 22 cents per share, surpassing the analyst consensus of 16 cents per share.

Amkor reported quarterly sales of $1.51 billion, exceeding expectations of $1.42 billion. The company projects third-quarter GAAP EPS between 34 cents and 48 cents, with sales ranging from $1.875 billion to $1.975 billion. This positive outlook has led to a 17.4% surge in Amkor's share price, reaching $24.92, as highlighted by Benzinga.

Giel Rutten, Amkor's president and CEO, attributes the company's success to a 14% sequential increase in revenue and double-digit growth across all end markets. Amkor's strategic focus on AI, HPC, and transformative technologies, along with strong customer relationships and geographic reach, are key factors in its performance.

Currently, AMKR is priced at $25.08, reflecting an 18.13% increase with a change of $3.85. The stock has fluctuated between $24.38 and $26.31 today, with a 52-week high of $35.85 and a low of $14.03. Amkor's market capitalization stands at approximately $6.2 billion, with a trading volume of 9,372,582 shares on the NASDAQ exchange.