Will the Facebook (FB) Earnings Report Distract You From These Tech Stocks Earnings Reports? AMKR, QLGC & NTGR

On Thursday after the market close, Facebook (NASDAQ: FB) won’t be the only tech stock reporting earnings as Amkor Technology (NASDAQ: AMKR), QLogic Corporation (NASDAQ: QLGC) and NetGear (NASDAQ: NTGR) are also scheduled to issue earnings reports. Moreover, Amkor Technology (AMKR) was expecting better results for last quarter, QLogic Corporation (QLGC) plunged the last time it reported earnings and NetGear (NTGR) has a history of positive earnings surprises. In other words, there will be plenty of action in the tech sector not involving Facebook (FB). Hence, here is a quick earnings preview for Amkor Technology (AMKR), QLogic Corporation (QLGC) and NetGear (NTGR):

Amkor Technology (NASDAQ: AMKR) Was Expecting Better Results for the Second Quarter

Amkor Technology is one of the world’s largest providers of contract semiconductor assembly and test services that pioneered the outsourcing of IC assembly and test. On Tuesday, Amkor Technology fell 2.49% to $4.69 (AMKR has a 52 week trading range of $3.81 to $6.78 a share) for a market cap of $789.27 million but the stock is up 7.6% since the start of the year, down 20.1% over the past year and down 68.2% over the past five years. Earlier in July, Amkor Technology reported that the International Court of Arbitration of the International Chamber of Commerce (ICC) had ruled in favor of Tessera, Inc. in a dispute between the two companies over royalties with the later intending to seek at least $125 million (or more) in damages. The last time the two companies tussled back in 2009, Tessera, Inc. won an award of $64 million but under the terms of arbitration, both companies have limited ability to make public comments about the case. Otherwise and the last time Amkor Technology had reported earnings, it reported revenue of $655 million and net income of $11.8 million – down from the $665 million in revenue and net income of $25.1 million that the company reported for the same period last year. Moreover and at the time, Amkor Technology announced that it was expecting to see higher revenue for the second quarter of between $670 million and $700 million while net income was expected to come in between $17 million and $36 million as more typical yearly patterns were expected. Hence, investors should keep those figures in mind when final 2Q2012 earnings are reported.

QLogic Corporation (NASDAQ: QLGC): Keep the Last Earnings Report in Mind This Time Around

QLogic Corporation designs and supplies network infrastructure products that provide and manage computer data communication. On Tuesday, QLogic Corporation fell 2.09% to $12.18 (QLGC has a 52 week trading range of $11.95 to $19.00 a share) for a market cap of $1.17 billion plus the stock is down 18.8% since the start of the year, down 26.5% over the past year and down 31.3% over the past five years. The last time QLogic Corporation reported earnings (for fiscal 4Q2012), shares plunged as the company missed Wall Street expectations at both the top and bottom lines (but QLGC did book a $109 million gain on the sale of its InfiniBand business to Intel…). Nevertheless, QLogic Corporation’s CEO said that he was very pleased with the company’s execution, market leadership and disciplined financial management during the fiscal year and that the sale of the InfiniBand business had resulted in better focus on higher growth opportunities in converged networking. Hence, investors should keep those comments in mind when QLogic Corporation reports earnings this time around.

NetGear (NASDAQ: NTGR) Has a History of Positive Surprises

NetGear is a worldwide provider of technologically advanced and branded networking products. On Tuesday, NetGear fell 1.52% to $32.30 (NTGR has a 52 week trading range of $23.45 to $43.44 a share) for a market cap of $1.23 billion plus the stock is down 3.8% since the start of the year, down 19.9% over the past year and down 20.6% over the past five years. For Thursday, Wall Street expects NetGear to report revenue growth of 11.3% and EPS growth of 4.6% plus its worth noting that over the past five quarters, the company has beaten revenue, EBITDA, and EPS estimates by sizable surprises. Moreover and the last time NetGear reported earnings, the stock jumped 11% and it was noted that demand was particularly strong from service providers in Asia as market share grew in China, Australia and Japan. NetGear was also expecting to see continued benefits in the second quarter from service provider demand momentum – meaning investors can probably expect another positive earnings surprise.

The Bottom Line. Don’t get so distracted by the Facebook (FB) earnings report that you forget about the earnings reports coming from other tech stocks like Amkor Technology (AMKR), QLogic Corporation (QLGC) and NetGear (NTGR) as any one of them could produce a surprise.