Needham cuts target for Amkor Technology stock from USD 90 to USD 55

Published on 10/27/2026 at 22:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 gross margin reached 18.30 percent on October 26, 2026. Amkor Technology stock costs EUR 35.81 on October 27, 2026 at 10:20 p.m. CET.

Analyst target reset

Needham cut its Amkor Technology target from USD 90.00 to USD 55.00 on October 27, 2026.
Third-quarter gross margin reached 18.30 percent on October 26, 2026.
Amkor Technology stock costs EUR 35.81 at Lang & Schwarz on October 27, 2026 at 10:20 p.m. CET.

AMKR, US0316521006, Illustration mit AI erstellt.

Amkor Technology (ISIN US0316521006) drew a sharp analyst reset on October 27, 2026, when Needham cut its price target from USD 90.00 to USD 55.00 while keeping a Buy rating, as Markets Insider reported. The revised target is 37.73 percent above the USD 39.94 Nasdaq quotation at 4:00 p.m. ET on October 27, 2026. Amkor Technology was trading at EUR 35.81 at Lang & Schwarz on October 27, 2026 at 10:20 p.m. CET.

Needham resets the valuation bar

The target cut followed Amkor's third-quarter report and fourth-quarter outlook. Needham cited mixed results, softer smartphone and consumer demand, and sector-wide multiple compression, while keeping its Buy rating, according to Markets Insider.

Margins improved in Q3

Amkor reported third-quarter 2026 net sales of USD 1.99 billion, compared with USD 1.99 billion in the third quarter of 2025. Gross margin rose to 18.30 percent from 14.30 percent, while operating income increased to USD 225.00 million from USD 159.00 million. The company reported net income attributable to Amkor of USD 191.00 million and diluted earnings per share of USD 0.76. These figures came from the company's October 26, 2026 release at Amkor Technology.

Price position and outlook

Amkor's Nasdaq quotation was USD 39.94 on October 27, 2026 at 4:00 p.m. ET, up USD 3.13 from USD 36.81. Its 52-week range was USD 29.50 to USD 96.68, and volume reached 12,658,551 shares. The company had a market capitalization of USD 9.9 billion and a price-to-earnings ratio of 16.10.

For the fourth quarter of 2026, Amkor guided to net sales of USD 1.90 billion to USD 2.00 billion and gross margin of 18.00 percent to 19.00 percent. The range leaves investors weighing stronger computing and automotive demand against communications weakness and component shortages. Amkor also reported USD 2.40 billion in cash and short-term investments against USD 2.50 billion in debt at September 30, 2026, according to Amkor Technology.

What the target means

Needham's USD 55.00 target remains above the Nasdaq quotation, but the reduction from USD 90.00 shows how sharply the valuation discussion has changed after the latest report. The next test is whether advanced packaging growth can offset the communications and consumer slowdown.

Amkor Technology stock was trading at EUR 35.81 at Lang & Schwarz on October 27, 2026 at 10:20 p.m. CET.

The further course of trading is shown by the continuously updated real-time quote of Amkor Technology stock.