AMKR
Amkor Technology Inc
NASDAQ: AMKR · TECHNOLOGY · SEMICONDUCTOR EQUIPMENT & MATERIALS
$85.44
+3.21% today
Updated 2026-06-15
Market cap
$20.52B
P/E ratio
47.57
P/S ratio
2.90x
EPS (TTM)
$1.74
Dividend yield
0.44%
52W range
$20 – $83
Volume
4.6M
Amkor Technology Inc (AMKR) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed AMKR price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$85.44
Today
Analyst consensus
$73.03
-14.52% · 12M
2030 Base
$87.08
+1.92% future
NPV today
$42.90
@ 17% WACC
13 analysts:
4 Buy7 Hold0 Sell
Management guidance
CEO Kevin Engel has guided to $2.0 billion capex investment in Peoria, Arizona advanced packaging facility to support AI and automotive demand through 2028+. Company projects advanced packaging revenue to triple year-over-year (2025 to 2026) and positions facility as first high-volume advanced packaging OSAT in U.S., with capacity expansion supporting multi-year customer commitments in AI/HPC markets. No specific 2030 revenue target disclosed, but guidance implies sustained double-digit growth driven by AI/automotive secular tailwinds.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
AMKR · Amkor Technology Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$87.08
NPV today: $42.90
Base case (2030)
$87.08
NPV today: $42.90
Bull case (2030)
$162.95
NPV today: $80.27
WallStSmart.com
AMKR financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $6.7B | $9.1B | $11.2B | $13.8B | $16.4B | $18.9B |
| Revenue growth | 6.2% | 35.6% | 23.1% | 23.2% | 18.8% | 15.2% |
| Net margin | — | 7.8% | 8.1% | 8.7% | 9.0% | 9.3% |
| EPS | $1.51 | $2.85 | $3.65 | $4.85 | $5.95 | $7.05 |
| Diluted shares | — | 248M | 248M | 249M | 249M | 249M |
| Net debt | — | $-736.20M | $-1.12B | $-1.59B | $-2.15B | $-2.79B |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $39.64 | $49.60 | $61.90 | $74.53 | $87.08 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $18.9B | $18.9B | $18.9B |
| P/S multiple | 1.0x | 1.0x | 2.0x |
| Diluted shares | 249M | 249M | 249M |
| Net debt | $-2.79B | $-2.79B | $-2.79B |
| Implied P/E † | 12x | 12x | 23x |
| 2030 Price | $87.08 | $87.08 | $162.95 |
| NPV @ 17% | $42.90 | $42.90 | $80.27 |
† Implied P/E: Multiples remain elevated across all three scenarios because AMKR is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $87.08 base case
AMKR catalysts and risks
Growth catalysts
+ 67-acre Arizona expansion approved (May 2026); positions first U.S. high-volume advanced packaging facility, supporting 3,000+ new jobs and AI/HPC/automotive demand through 2028-2030
+ Advanced packaging revenue tripling YoY (2025→2026); AI packaging secular tailwind supported by hyperscaler capex ($60B+ Meta, $80B+ Microsoft announced); Amkor is pure-play OSAT beneficiary
+ Convertible senior notes offering ($1.15B, April 2026) signals management confidence in growth trajectory; dividend initiated ($0.08352/quarter) demonstrates cash generation and shareholder returns capability
+ Backlog strength: Q1 2026 revenue beat (+27.5% YoY to $1.68B quarterly) on record advanced packaging demand; customer commitments in AI/HPC/automotive extend visibility into 2027-2028
Key risks
- Semiconductor cycle downturn: AMKR is cyclical OSAT; macro slowdown or customer capex pullback could compress advanced packaging demand growth faster than projected
- Valuation compression: P/E 31.3x (2026E) and P/S 2.4x are elevated; stock sensitivity to growth miss is high. Insider selling noted (directors sold 50K-120K shares May 2026) suggests potential near-term caution
- Capex execution risk: $2B+ Peoria facility ramp requires successful process transfer, yield achievement, and customer qualification; delays or cost overruns could compress margins and extend payback
- Competition intensification: TSMC, Samsung, Intel may expand advanced packaging capabilities; Amkor's first-mover advantage in U.S. could erode if competitors accelerate similar capex
- Customer concentration: Dependence on NVIDIA, AMD, Broadcom, and hyperscaler customers creates revenue volatility if single-customer demand falters
Methodology · Amkor Technology Inc 2030 stock forecast model
Amkor Technology Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 13 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for AMKR by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-2.79B by 2030) |
| 3. Time value | NPV calculated using 17% WACC (sector fallback) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 2.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
AMKR price target FAQ
What is the AMKR price target for 2030?
WallStSmart's Amkor Technology Inc 2030 base case is $87.08 per share, with a bull case of $162.95 and bear case of $87.08. The NPV of the base case discounted to today at 17% WACC is $42.90.
How is the Amkor Technology Inc 2030 stock forecast calculated?
The AMKR 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the AMKR price target account for dilution?
Amkor Technology Inc is projected to grow diluted share count from 248M to 249M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on AMKR stock?
13 analysts cover AMKR with an average 12-month price target of $73.03. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.