AMKR
Amkor Technology, Inc.
AMKR offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
MSFT
Microsoft Corporation
MSFT has the edge over AMKR overall, supported by stronger valuation and lower modeled downside.
AMKR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Under pressure | |
| Healthy |
AMKR's profitability and balance sheet are currently healthy, and its revenue is stable, but its cash flow is under pressure.
MSFT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
MSFT's revenue, profitability, cash flow and balance sheet are all currently healthy.
AMKR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.9x | $21.90 | -41% |
| Fair | 14x | $35.76 | -3.7% |
| Forward | 14x | $37.12 | — |
| Current | 15x | $37.12 | — |
| Expensive | 25x | $61.05 | +64% |
Historical ranges are pointers, not guarantees.
AMKR's PE is in its fair range at 15x. If earnings grow as analysts expect, today's price would be 14x next year's earnings.
MSFT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $523 | — |
| Cheap | 27x | $525 | +0.4% |
| Current | 27x | $523 | — |
| Fair | 34x | $652 | +25% |
| Expensive | 37x | $711 | +36% |
Historical ranges are pointers, not guarantees.
MSFT has the edge over AMKR in the historical PE scenario, which offers more potential upside but is not a forecast.
AMKR Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
AMKR has the edge over MSFT on the outlook, with more favorable profitability expectations.
MSFT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for MSFT, with profitability holding steady.
AMKR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.71 | +9.9% |
| Q3 2026 | $2.47 | +98% |
| Q2 2026 | $2.22 | +80% |
| Q1 2026 | $1.74 | +36% |
| Q4 2025 | $1.50 | +4.9% |
| Q3 2025 | $1.25 | -16% |
| Q2 2025 | $1.23 | -20% |
| Q1 2025 | $1.28 | -16% |
| Q4 2024 | $1.43 | -2.1% |
AMKR's earnings per share have fallen from their peak: $2.47 over the past year, against $3.32 in late 2022.
MSFT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.79 | +8.6% |
| Q3 2026 | $19.15 | +36% |
| Q2 2026 | $17.95 | +32% |
| Q1 2026 | $16.80 | +30% |
| Q4 2025 | $15.99 | +29% |
| Q3 2025 | $14.06 | +16% |
| Q2 2025 | $13.64 | +16% |
| Q1 2025 | $12.93 | +12% |
| Q4 2024 | $12.41 | +12% |
MSFT has the edge over AMKR on earnings, with more consistent year-over-year improvement.
AMKR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2B | +0.2% |
| Q2 2026 | $1.9B | +26% |
| Q1 2026 | $1.7B | +27% |
| Q4 2025 | $1.9B | +16% |
| Q3 2025 | $2B | +6.7% |
| Q2 2025 | $1.5B | +3.4% |
| Q1 2025 | $1.3B | -3.2% |
| Q4 2024 | $1.6B | -7% |
AMKR's revenue has grown year over year for six quarters in a row: $2B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +3.3 points |
| Q2 2026 | 11% | +4.4 points |
| Q1 2026 | 6% | +3.6 points |
| Q4 2025 | 9.8% | +1.6 points |
| Q3 2025 | 8% | 0 points |
| Q2 2025 | 6.1% | +0.5 points |
| Q1 2025 | 2.4% | -3 points |
| Q4 2024 | 8.3% | -0.8 points |
AMKR's operating margin was 11% last quarter, up 3.3 points from the same quarter a year ago.
MSFT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $92.3B | +19% |
| Q2 2026 | $90B | +18% |
| Q1 2026 | $82.9B | +18% |
| Q4 2025 | $81.3B | +17% |
| Q3 2025 | $77.7B | +18% |
| Q2 2025 | $76.4B | +18% |
| Q1 2025 | $70.1B | +13% |
| Q4 2024 | $69.6B | +12% |
MSFT has the edge over AMKR on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +0.9 points |
| Q2 2026 | 45% | +0.2 points |
| Q1 2026 | 46% | +0.7 points |
| Q4 2025 | 47% | +1.6 points |
| Q3 2025 | 49% | +2.3 points |
| Q2 2025 | 45% | +1.8 points |
| Q1 2025 | 46% | +1.1 points |
| Q4 2024 | 45% | +1.9 points |
MSFT has the edge over AMKR on profitability, with a higher operating margin.
AMKR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$61.6M | +$16.3M |
| Q2 2026 | -$227.3M | -302% |
| Q1 2026 | -$79.5M | -$23.8M |
| Q4 2025 | $212.4M | -16% |
| Q3 2025 | -$77.9M | -$46.6M |
| Q2 2025 | $112.3M | +92% |
| Q1 2025 | -$55.7M | -184% |
| Q4 2024 | $251.9M | -25% |
AMKR's free cash flow has turned negative after years in the green: −$156M over the past year.
MSFT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.6B | -27% |
| Q2 2026 | $19.6B | -23% |
| Q1 2026 | $15.8B | -22% |
| Q4 2025 | $5.9B | -9.3% |
| Q3 2025 | $25.7B | +33% |
| Q2 2025 | $25.6B | +9.6% |
| Q1 2025 | $20.3B | -3.2% |
| Q4 2024 | $6.5B | -29% |
MSFT has the edge over AMKR on cash generation, producing positive trailing cash flow while its opponent burns cash.
AMKR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -452K shares |
| 1 year | +0.5% | +1.2M shares |
| 3 years | +1% | +2.4M shares |
| 5 years | +1.5% | +3.6M shares |
| Available history | +3.9% | +9.4M shares |
AMKR has 250M diluted shares, about the same as a year ago.
MSFT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -7M shares |
| 1 year | -0.3% | -20M shares |
| 3 years | -0.2% | -16M shares |
| 5 years | -1.6% | -121M shares |
| Available history | -3.2% | -245M shares |
MSFT has the edge over AMKR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.4B |
| Q2 2026 | $4.6B |
| Q1 2026 | $4.6B |
| Q4 2025 | $7.4B |
| Q3 2025 | $5.7B |
| Q2 2025 | $4.5B |
| Q1 2025 | $4.8B |
| Q4 2024 | $5B |
MSFT spent $21B buying back its own shares over the past year, up 5.2% from the year before.
AMKR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.7x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.0x | Very low |
| Q1 2025 | 0.1x | Very low |
| Q4 2024 | 0.0x | Very low |
AMKR's net debt is less than a year of its operating earnings (EBITDA).
MSFT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.1x | Very low |
MSFT has the edge over AMKR on leverage, with a lower net debt burden relative to earnings.
AMKR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.0 | Neutral |
| Stochastic | 13.3 | Oversold |
AMKR's weekly RSI is 39 (neutral) and its Stochastic is 13 (oversold).
MSFT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 68.0 | Neutral |
MSFT's weekly RSI is 62 (neutral) and its Stochastic is 68 (neutral).
AMKR PE vs Technology Sector
| Metric | AMKR | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 28x | 46% below |
| PE % | 52 | 35 | 17 pts above |
AMKR has the edge over MSFT on valuation relative to its sector.
MSFT PE vs Technology Sector
| Metric | MSFT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 2% below |
| PE % | 16 | 35 | 19 pts below |
MSFT is trading at 27x earnings, in line with the Technology sector's median of 28x.
AMKR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $43.7 | 15% below |
| 20 week MA | $51.5 | 28% below |
| 50 week MA | $54.5 | 32% below |
| 100 week MA | $39.1 | 5.1% below |
| 200 week MA | $34.0 | 9.1% above |
AMKR has fallen below most of its moving averages, though it's still 9.1% above its 200-week average.
MSFT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $524.7 | 0.3% below |
| 20 week MA | $484.8 | 7.9% above |
| 50 week MA | $446.9 | 17% above |
| 100 week MA | $453.8 | 15% above |
| 200 week MA | $411.5 | 27% above |
MSFT has the edge over AMKR on trend strength, trading above more of its moving averages.
AMKR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.3 | $15.0 | +13% |
| 2021 | $15.0 | $23.1 | +54% |
| 2022 | $23.1 | $24.5 | +5.9% |
| 2023 | $24.5 | $33.3 | +36% |
| 2024 | $33.3 | $26.1 | -22% |
| 2025 | $26.1 | $40.6 | +56% |
| 2026 YTD | $40.6 | $37.1 | -8.5% |
AMKR has finished higher in five of the last six years, two of them by more than 50%. It's down 8.5% so far in 2026.
MSFT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $159.0 | $222.8 | +40% |
| 2021 | $222.8 | $334.7 | +50% |
| 2022 | $334.7 | $238.7 | -29% |
| 2023 | $238.7 | $376.0 | +58% |
| 2024 | $376.0 | $430.5 | +14% |
| 2025 | $430.5 | $487.7 | +13% |
| 2026 YTD | $487.7 | $523.0 | +7.2% |
MSFT has the edge over AMKR on returns for 2026, with the stronger performance.