Key Highlights

  • AMKX fell 21.22% to $5.78 as screened on Friday, October 23, 2026.
  • The 2x daily structure implies Amkor fell roughly 10.6%, calculated before fees.
  • Amkor reports third-quarter results after the close on Monday, October 26, with a 5:00 p.m. ET call.
  • Amkor guided third-quarter sales to $1.95 billion to $2.05 billion and earnings per share to $0.72 to $0.82.
  • An agreement tied to Nvidia involves about $1.3 billion to expand packaging capacity in South Korea.

AMKX Slide: Why Did the ETF Fall 21.22% Before Amkor Reports?

Corgi AMKR 2x Daily ETF (CBOE:AMKX) fell 21.22% to $5.78 on Friday, October 23, 2026, as screened. With a 2x daily objective, the move implies Amkor Technology (NASDAQ:AMKR) fell roughly 10.6%, calculated before fees, from a fund price near $7.34 the session before.

No Amkor announcement was identified for the session. It came a day after Lam Research (NASDAQ:LRCX) closed down 11.76% and KLA (NASDAQ:KLAC) down 9.55% on Thursday, October 22, a sell-off that reports tied to AI spending worries, even though Lam reported record revenue and a 2027 equipment demand view above $200 billion.

Third-Quarter Test: What Does Amkor Need to Show on Monday?

Amkor provides outsourced semiconductor packaging and test services, including advanced packaging for AI chips. It reports after the close on Monday, October 26, with a call at 5:00 p.m. ET.

Its own guidance is the benchmark: net sales of $1.95 billion to $2.05 billion, gross margin of 18.5% to 19.5% and earnings of $0.72 to $0.82 per share. Second-quarter sales were a record $1.898 billion, up 26%, with gross margin of 16.8% against 14.2% in the first quarter and earnings of $0.70 per share.

Management said computing sales rose 20% sequentially on data center demand and guided them up nearly 30% for the third quarter, while Android-related sales fell 20% on memory supply limits.

Nvidia Agreement: Why Did a $1.3 Billion Expansion Not Settle Sentiment?

On October 21 Amkor traded up 4.05% at $43.39, a market value near $10.78 billion, after an agreement tied to Nvidia (NASDAQ:NVDA) for about $1.3 billion of added packaging capacity in South Korea. Multi-year customer agreements now total about $3 billion, and a customer prepayment is expected in 2027.

The costs are also visible. Capital spending is planned at $2.5 billion to $3.0 billion, and management noted that unused capacity at its Arizona campus, where total investment is about $12 billion, will add depreciation. A margin shortfall hurt the shares after the first-quarter report.

Leveraged Exposure: How Does a 10.6% Stock Move Become 21.22%?

AMKX is a Corgi fund on Cboe BZX that began trading on July 6, 2026. It charges 0.45%, uses swaps, and held about $115.10 thousand in net assets, a very small base.

The 2x target applies to one day only. After a 21.22% loss the fund needs about a 26.9% gain to recover, calculated, and a stock that swings 10% each way across two sessions would leave the fund down about 4%, versus down 1% for the stock. These products can lose value quickly and are built for short holding periods.

The next dated event is the October 26 report, followed by the Federal Reserve meeting on October 28 and Applied Materials (NASDAQ:AMAT) on November 12.