05:50 PM EDT, 10/27/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
AMKR posted Q3 sales of $1.987B (+7% Y/Y), modestly beating consensus of $1.93B, with EPS of $0.51 ($0.44 excluding a nonrecurring benefit) growing by 4% Y/Y and beating Street expectations of $0.42. Communications (51% of Q3 sales) grew sales 67% Q/Q on iPhone strength while Computing (19%) rose 12% Q/Q on robust AI/HPC demand. Q4 guidance underwhelmed, with a sales outlook of ~$1.825B (vs. consensus $1.859B) and EPS of ~$0.43 (vs. $0.41). Importantly, this forecast includes ~$30M in asset sale benefits, without which we calculate an EPS guide of ~$0.31 and a gross margin guide of ~12.9% (vs. Street 14.2%). We continue to suspect the company may be sacrificing pricing to land design wins, and we worry about continued auto tariff impacts pressuring pricing throughout the supply chain. The company raised its 2025 capex view by $100M to $950M, reflecting an expanded Arizona campus investment to $7B from $2B, announced in early October. CEO Giel Rutten will retire at year-end, succeeded by COO Kevin Engel. |
