Amkor Technology, Inc. (AMKR) said Monday that due to higher than expected customer demand across its product lines, it now expects fourth net sales to be up around 6% from the third quarter, compared to its previous guidance of flat, plus or minus 2%.
The company also said it expects gross margin for the fourth quarter to be around 26%. The expected gross margin is higher than the company's previous guidance of 23% to 25%, mainly as a result of the expected improved level of net sales.
Analysts polled by Thomson Reuters currently expect the company to earn $0.16 per share on revenue of $610.95 million for the fourth quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.