Semiconductor packaging and testing company Amkor Technology (NASDAQ:AMKR) will be reporting earnings tomorrow after market hours. Here's what to expect.

Last quarter Amkor reported revenues of $1.47 billion, down 7.85% year on year, beating analyst revenue expectations by 1.4%. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and a decline in its operating margin.

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This quarter analysts are expecting Amkor's revenue to decline 1.83% year on year to $1.48 billion, a deceleration on the 6.99% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.25 per share.

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Amkor's peers in the semiconductors segment, some of them have already reported Q2 earnings results, giving us a hint of what we can expect. Sensata Technologies delivered top-line growth of 4.07% year on year, beating analyst estimates by 3.47% and Micron Technology reported revenue decline of 56.6% year on year, exceeding estimates by 2.05%. Micron Technology was up 3.89%, and Sensata was flat on the results. Read our full analysis of Sensata Technologies' results here and Micron Technology's results here.

Investors in the semiconductors segment have had steady hands going into the earnings, with the stocks up on average 2.78% over the last month. Amkor is up 0.41% during the same time, and is heading into the earnings with analysts' average price target of $29.75, compared to share price of $29.66.

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The author has no position in any of the stocks mentioned.