Amkor Rises After Q3 Beat, Expands Fan-Out

Amkor Technology beat Q3 expectations, reporting adjusted EPS of $0.51 versus the Zacks consensus of $0.42 and revenue of $1.99 billion, and its shares are up roughly 27.6% year-to-date. The company is scaling its proprietary high-density fan-out packaging for AI and high-performance computing while continuing capacity investments and planning to return 40–50% of free cash flow to shareholders. Amkor has beaten consensus EPS in three of the last four quarters. Legacy-asset underutilization could pressure margins, and near-term consensus forecasts are mixed (current-quarter consensus $0.42, down ~14.3% YoY; fiscal-year consensus $1.10, down ~23.1%), making upcoming management commentary and estimate revisions key. Investors are watching how the company balances growth investments, shareholder returns and margin pressures as it expands AI-focused production.