Amkor Technology's Sell-Off Offers Investors A Strong Buying Opportunity

Monty RakusenAmkor Technology Overview Amkor Technology (NASDAQ:AMKR) reported q2’24 earnings on July 29, 2024, with relatively strong results paired with softer-than-expected eq3’24 guidance. On the call, management guided q3’24 revenue at $1.835b at the midpoint, up 26% sequentially, with growth driven by advanced packaging. This figure falls at the low end of analysts’ estimates of $1.835-1.951b for the September quarter, suggesting that management’s expectations for the OSAT market will be relativel ...