AMKR Stock Fell 10% After Earnings – So Why Are Some Analysts Still Seeing An Upside?

• AMKR stock has already climbed roughly 76% year-to-date and 330% over the past 12 months.
• Goldman Sachs analyst James Schneider raised the price target on AMKR to $65 from $43, a 51% increase.
• Needham also lifted its price target on Amkor Technology to $90 from $65 and maintained a Buy rating.

Shares of Amkor Technology (AMKR) fell over 10% in premarket trading on Tuesday, even after the company beat Wall Street estimates in the first quarter and raised second-quarter guidance above consensus.

The chip-packaging company reported a record first-quarter sales and signaled second-quarter revenue growth above the consensus.

Amkor reported first-quarter net sales of $1.685 billion, up 27% year-over-year and above analysts’ expectations of $1.63 billion. Gross margin came in at 14.2%, expanding from 11.9% a year earlier but easing from 16.7% in the fourth quarter.

AMKR stock has already climbed roughly 76% year-to-date and 330% over the past 12 months, driven by optimism around AI-driven demand for advanced packaging.

Goldman and Needham Hike Price Targets 

Goldman Sachs raised Amkor’s price target to $65 from $43 and kept a ‘Neutral’ rating on the shares, according to The Fly. 

Goldman’s analyst James Schneider said the stock would trade in the range after a strong quarter; however, investor expectations were already elevated due to optimism around its CoWoS/2.5D advanced packaging ramp.

Needham also lifted its price target on Amkor Technology to $90 from $65 and maintained a Buy rating. 

The firm said AMKR delivered solid Q1 results, with revenue and gross margins both beating consensus. For 2026, Needham expects computing revenue to grow by more than 20%, as strength in AI and data center demand offsets weakness in the PC segment.

According to Koyfin data, the 12-month average target on Amkor is priced at $57.25, implying a discount of about 29% from the stock’s current levels. Of the 10 analysts, five recommend a ‘Hold’ rating, three recommend a ‘Buy’ rating and two recommend a ‘Strong Buy’ rating for the stock.

$300 Million Buyback Authorized

Amkor's board authorized a $300 million share repurchase program on April 23, 2026 . The company also paid a quarterly dividend of $0.08352 per share on March 31. 

Second Quarter Guidance

For the second quarter, the company expects net sales to be in the range of $1.75 billion to $1.85 billion with a gross margin of 14.5% to 15.5%.

For 2026, the company said capital expenditures would be about $2.5 billion to $3.0 billion

AMKR Stock: ​How Did Retail Traders React?

On Stocktwits, retail sentiment surrounding the stock has remained in the ‘extremely bullish’ territory amid ‘extremely high’ message volumes.

One user on Stocktwits said the market is reacting to guidance, not to record revenue.

https://stocktwits.com/Olivia_Strickland/message/651591421

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