• In early February 2026, Amkor Technology reported higher fourth-quarter and full-year 2025 sales and earnings, while also disclosing a completed US$487.5 million secondary offering of 10,000,000 common shares at US$48.75 each by a Kim family investment vehicle.
• An interesting angle for investors is that the Kim family still holds over 49% of Amkor’s stock and has agreed to a 180-day lock-up on remaining shares, reinforcing continuity in control alongside the company’s recent earnings momentum.
• Next, we’ll examine how Amkor’s stronger-than-expected earnings and continued majority ownership by the Kim family shape its investment narrative.

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What Is Amkor Technology's Investment Narrative?

For Amkor, you really have to believe in the company as a picks-and-shovels player in semiconductor packaging and testing, where solid execution and disciplined capital use matter more than big headlines. The stronger Q4 and full-year 2025 results, together with guidance that still points to meaningful earnings, keep earnings delivery as the key short term catalyst, especially around AI-related compute and advanced packaging demand. The secondary offering by the Kim family investment vehicle looks unlikely to change those core drivers much, since Amkor itself receives no cash and the family still controls over 49% of the stock under a 180-day lock-up. If anything, the offering slightly increases free float while leaving governance concentration, new management execution risk and industry cyclicality firmly in focus.

However, concentration of control and a relatively new management team are not trivial details for investors. Amkor Technology's share price has been on the slide but might be dropping deeper into value territory. Find out whether it's a bargain at this price.

Exploring Other Perspectives

Seven Simply Wall St Community fair value estimates span from around US$5 to above US$56, reflecting sharply different opinions. Set against a concentrated shareholder base and fresh leadership, that spread underlines why you should compare multiple viewpoints on Amkor’s prospects.

Explore 7 other fair value estimates on Amkor Technology - why the stock might be worth as much as 18% more than the current price!

Build Your Own Amkor Technology Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Amkor Technology research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Amkor Technology research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Amkor Technology's overall financial health at a glance.

No Opportunity In Amkor Technology?

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.