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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.