Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Amkor Technology's third-quarter 2025 financial results showcased strong performance and strategic advancements, yet they also highlighted some areas of pressure and challenges.</li><li>The company reported a revenue of $1.99 billion, marking a 31% sequential increase and a 7% year-over-year growth, exceeding expectations.</li><li>Earnings per share (EPS) for the quarter stood at $0.51, also above the guidance provided.</li></ul>

Amkor Technology's third-quarter 2025 financial results showcased strong performance and strategic advancements, yet they also highlighted some areas of pressure and challenges.The company reported a revenue of $1.99 billion, marking a 31% sequential increase and a 7% year-over-year growth, exceeding expectations.Earnings per share (EPS) for the quarter stood at $0.51, also above the guidance provided.

Amkor Technology Doubles Down on Ultra-High-Density Packaging – Is This the Next Tech Revolution?

<ul><li>Amkor Technology reported strong financial performance for the second quarter of 2025 with revenue reaching $1.51 billion, representing a sequential increase of 14% and a year-on-year rise of 3%.</li><li>All end markets saw double-digit sequential growth, spearheading the revenue uplift.</li><li>Gross profit stood at $182 million with a gross margin of 12%, reflecting costs associated with ramping up new high-density fan-out products and advanced system-in-package (SiP) for upcoming high-volume production.</li></ul>

Amkor Technology reported strong financial performance for the second quarter of 2025 with revenue reaching $1.51 billion, representing a sequential increase of 14% and a year-on-year rise of 3%.All end markets saw double-digit sequential growth, spearheading the revenue uplift.Gross profit stood at $182 million with a gross margin of 12%, reflecting costs associated with ramping up new high-density fan-out products and advanced system-in-package (SiP) for upcoming high-volume production.

<ul><li>Amkor Technology reported its first-quarter financial results for 2025, delivering revenue of $1.32 billion, which reached the upper end of the company’s guidance.</li><li>Earnings per share (EPS) stood at $0.09, pressured by increased research and development (R&D) expenses dedicated to advancing RDL technology for upcoming programs.</li><li>The company's global manufacturing operations have largely remained insulated from current tariffs and ongoing trade regulations due to their presence in free trade zones, minimizing direct impacts from U.S. import tariffs.</li></ul>

Amkor Technology reported its first-quarter financial results for 2025, delivering revenue of $1.32 billion, which reached the upper end of the company’s guidance.Earnings per share (EPS) stood at $0.09, pressured by increased research and development (R&D) expenses dedicated to advancing RDL technology for upcoming programs.The company's global manufacturing operations have largely remained insulated from current tariffs and ongoing trade regulations due to their presence in free trade zones, minimizing direct impacts from U.S. import tariffs.

Amkor Technology: The Advanced Packaging Solutions, Semiconductor Growth & Other Major Drivers!

<ul><li>Based on Amkor Technology's latest earnings call, the company's performance for the fourth quarter and full year 2024 presented a mixed outlook with various challenges and achievements across different market sectors.</li><li>For the fourth quarter, Amkor Technology reported revenues of $1.63 billion and an earnings per share (EPS) of $0.43, aligning with earlier guidance.</li><li>However, the company witnessed a 3% revenue decline year-over-year, closing the year with $6.3 billion.</li></ul>

Based on Amkor Technology's latest earnings call, the company's performance for the fourth quarter and full year 2024 presented a mixed outlook with various challenges and achievements across different market sectors.For the fourth quarter, Amkor Technology reported revenues of $1.63 billion and an earnings per share (EPS) of $0.43, aligning with earlier guidance.However, the company witnessed a 3% revenue decline year-over-year, closing the year with $6.3 billion.

Amkor Technology: Solid Tailwinds From CHIPS Act & Regulatory Environment Driving Our Bullishness!

Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

Thematic (Sector/Industry)

<ul>
<li>On September 18 2024, one of the three co-founders of Silicon Box, Dr. Sutardja, sadly passed away. An industry visionary, much loved by many. May he rest in peace.</li>
<li>The company's website still does not reflect this fact, and an interview with their Head of Business just two weeks after his passing, bizarrely doesn't mention it at all</li>
<li>With just six press releases in four years, the company is slow to communicate progress and remains vague on precisely which specific technologies they offer. Still a black box IMO</li>
</ul>


On September 18 2024, one of the three co-founders of Silicon Box, Dr. Sutardja, sadly passed away. An industry visionary, much loved by many. May he rest in peace.
The company's website still does not reflect this fact, and an interview with their Head of Business just two weeks after his passing, bizarrely doesn't mention it at all
With just six press releases in four years, the company is slow to communicate progress and remains vague on precisely which specific technologies they offer. Still a black box IMO


Silicon Box. A Sad Development & Sadly, Still A Black Box

United States

Amkor Technology, Inc. provides semiconductor packaging and test services.  The Company offers deep submicron wafer fabrication, wafer probe testing, integrated circuit packaging assembly and design, final testing, reliability testing, burn-in, and electrical characterization.

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Amkor Technology (AMKR US)

Amkor Technology Doubles Down on Ultra-High-Density Packaging – Is This the Next Tech Revolution?

Amkor Technology's third-quarter 2025 financial results showcased strong performance and strategic advancements, yet they also highlighted some...

Baptista Research

Amkor Technology: Advanced Packaging

Amkor Technology reported strong financial performance for the second quarter of 2025 with revenue reaching $1.51 billion, representing a...

Baptista Research

Amkor Technology: The Advanced Packaging Solutions, Semiconductor Growth & Other Major Drivers!

Amkor Technology reported its first-quarter financial results for 2025, delivering revenue of $1.32 billion, which reached the upper end of the...

Baptista Research

Amkor Technology: Solid Tailwinds From CHIPS Act & Regulatory Environment Driving Our Bullishness!

Based on Amkor Technology's latest earnings call, the company's performance for the fourth quarter and full year 2024 presented a mixed outlook...

Baptista Research

Silicon Box. A Sad Development & Sadly, Still A Black Box

With just six press releases in four years, the company is slow to communicate progress and remains vague on precisely which specific technologies...

William Keating

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