Semiconductor packaging and testing company Amkor Technology (NASDAQ:AMKR) will be reporting earnings tomorrow after market hours. Here’s what investors should know.

Amkor missed analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $1.63 billion, down 7% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.

Is Amkor a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Amkor’s revenue to decline 6.6% year on year to $1.28 billion, in line with the 7.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.09 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Amkor has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Amkor’s peers in the semiconductors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Lam Research delivered year-on-year revenue growth of 24.4%, beating analysts’ expectations by 1.7%, and Texas Instruments reported revenues up 11.1%, topping estimates by 4.1%. Lam Research traded up 6.3% following the results while Texas Instruments was also up 6.7%.

Read our full analysis of Lam Research’s results here and Texas Instruments’s results here.

Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the semiconductors stocks have shown solid performance in this cshoppy environment, the group has generally underperformed, with share prices down 4.7% on average over the last month. Amkor is down 2% during the same time and is heading into earnings with an average analyst price target of $27.49 (compared to the current share price of $17.70).

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