Shares of Amkor Technology plunged Tuesday morning, falling 23.95% to $46.17, extending a steep two-day slide even after the semiconductor packaging company reported record quarterly revenue and earnings that significantly beat Wall Street expectations.

The stock has now shed more than $14.54 in Tuesday's session alone, adding to Monday's losses and marking one of the sharpest multi-day declines the company has experienced this year.

Record Results That Failed to Impress Investors

Amkor's second-quarter results, released Monday after the market closed, showed a business performing at an all-time high across several key metrics. Amkor Technology reported stronger-than-expected second-quarter 2026 results, with earnings of $0.70 a share on revenue of $1.9 billion, topping Wall Street estimates of $0.47 a share and $1.81 billion. Revenue rose 26% from a year earlier, while gross margin widened sharply as the semiconductor packaging and test company benefited from higher factory utilization and a richer product mix.

The scale of the earnings beat was substantial by percentage terms as well. Amkor posted record quarterly revenue of $1.9 billion, up 26% from a year earlier, with earnings of 70 cents a share beating estimates by 23 cents, or nearly 49%.

A Weak Outlook Overshadowed the Beat

Despite those record results, investors focused almost entirely on the company's forward guidance, which fell short of what Wall Street had been expecting for the current quarter. Amkor's third-quarter revenue outlook fell short of consensus estimates, triggering the share price decline despite record........

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