On Monday, Amkor Technology, Inc. (NASDAQ:AMKR) reported fourth-quarter earnings of 69 cents per share, which beat the consensus estimate of 44 cents, and revenue of $1.89 billion beat the Street estimate of $1.84 billion.

Amkor expects first quarter GAAP EPS of 18 cents to 28 cents, versus the 21 cents analyst estimate, and revenue in a range of $1.6 billion to $1.7 billion, versus the $1.53 billion estimate.

Needham analyst Charles Shi maintained a Buy rating and raised the price forecast from $50 to $65.

Analyst View

The analyst writes that Amkor delivered a beat-and-raise quarter, with most reported metrics exceeding consensus.

Shi notes that the company guided FY26 CapEx, which is a record level and well above Street expectations, underscoring management's confidence in long-term advanced packaging growth.

The analyst says that following the call, he modestly increased the FY26 and FY27 estimates.

Shi now expects Amkor revenue to rise 11% in FY26 and 16% in ...