US Market News
1月前
ASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the First Quarter of 2026April 29, 2026 2:45 AM
PR Newswire (US)
TAIPEI, April 29, 2026 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE: ASX) ("We", "ASEH", or the "Company"), the leading provider of semiconductor assembly and testing services ("ATM") and the provider of electronic manufacturing services ("EMS"), today reported its unaudited[1] net revenues of NT$173,662 million for 1Q26, up by 17.2% year-over-year and down by 2.4% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$14,148 million, up from NT$7,554 million in 1Q25 and down from NT$14,713 million in 4Q25. Basic earnings per share for the quarter were NT$3.24 (or US$0.205 per ADS), compared to NT$1.75 for 1Q25 and NT$3.37 for 4Q25. Diluted earnings per share for the quarter were NT$3.08 (or US$0.195 per ADS), compared to NT$1.64 for 1Q25 and NT$3.24 for 4Q25.RESULTS OF OPERATIONS1Q26 Results Highlights – ConsolidatedNet revenues from packaging operations, testing operations, EMS operations, and others represented approximately 51%, 12%, 36%, and 1% of the total net revenues for the quarter, respectively.Cost of revenues was NT$138,812 million for the quarter, down from NT$143,179 million in 4Q25.
- Raw material cost totaled NT$79,472 million for the quarter, representing 46% of the total net revenues.
- Labor cost totaled NT$20,608 million for the quarter, representing 12% of the total net revenues.
- Depreciation, amortization and rental expenses totaled NT$17,276 million for the quarter.Gross margin increased by 0.6 percentage points to 20.1% in 1Q26 from 19.5% in 4Q25.Operating margin was 10.1% in 1Q26, compared to 9.9% in 4Q25.Non-operating items:
- Net interest expense was NT$1,576 million.
- Net gain on foreign exchange hedging activities of NT$838 million.
- Net gain on equity-method investments was NT$728 million.
- Other net non-operating income was NT$678 million, primarily attributable to miscellaneous income.
Total non-operating income for the quarter was NT$668 million.Income before tax was NT$18,200 million in 1Q26, compared to NT$18,260 million in 4Q25. We recorded income tax expenses of NT$3,635 million for the quarter, compared to NT$3,248 million in 4Q25.Net income attributable to shareholders of the parent was NT$14,148 million in 1Q26, compared to NT$7,554 million in 1Q25 and NT$14,713 million in 4Q25.Our total number of shares outstanding at the end of the quarter was 4,460,833,082, including treasury stock owned by our subsidiaries in 1Q26. Our 1Q26 basic earnings per share of NT$3.24 (or US$0.205 per ADS) were based on 4,373,148,411 weighted average number of shares outstanding in 1Q26. Our 1Q26 diluted earnings per share of NT$3.08 (or US$0.195 per ADS) were based on 4,485,185,933 weighted average number of shares outstanding in 1Q26.1Q26 Results Highlights – ATMNet revenues were NT$112,434 million for the quarter, up by 29.7% year-over-year and up by 2.5% sequentially.Cost of revenues was NT$83,236 million for the quarter, up by 24.1% year-over-year and up by 2.9% sequentially.
- Raw material cost totaled NT$31,784 million for the quarter, representing 28% of the total net revenues.
- Labor cost totaled NT$17,084 million for the quarter, representing 15% of the total net revenues.
- Depreciation, amortization and rental expenses totaled NT$15,817 million for the quarter.Gross margin decreased by 0.3 percentage points to 26.0% in 1Q26 from 26.3% in 4Q25.Operating margin was 14.1% in 1Q26, compared to 14.7% in 4Q25.1Q26 Results Highlights – EMSNet revenues were NT$61,875 million, down by 0.7% year-over-year and down by 10.3% sequentially.Cost of revenues for the quarter was NT$55,981 million, down by 1.4% year-over-year and down by 10.8% sequentially.
- Raw material cost totaled NT$48,073 million for the quarter, representing 78% of the total net revenues.
- Labor cost totaled NT$3,434 million for the quarter, representing 6% of the total net revenues.
- Depreciation, amortization and rental expenses totaled NT$1,215 million for the quarter.Gross margin increased by 0.5 percentage points to 9.5% in 1Q26 from 9.0% in 4Q25.Operating margin was 3.1% in 1Q26, compared to 2.8% in 4Q25.LIQUIDITY AND CAPITAL RESOURCESEquipment capital expenditures in 1Q26 totaled US$1,003 million, of which US$636 million was used in packaging operations, US$326 million in testing operations, US$40 million in EMS operations and US$1 million in interconnect materials operations and others.Total unused credit lines amounted to NT$419,386 million as of March 31, 2026.Current ratio was 1.15 and net debt to equity ratio was 0.40 as of March 31, 2026.Total number of employees was 107,950 as of March 31, 2026, compared to 105,947 as of December 31, 2025.BUSINESS REVIEWCustomersATM BASISOur five largest customers together accounted for approximately 43% of our total net revenues in 1Q26, compared to 41% in 4Q25. One customer accounted for more than 10% of our total net revenues in 1Q26.Our top 10 customers contributed 58% of our total net revenues in both 1Q26 and 4Q25.Our customers that are integrated device manufacturers or IDMs accounted for 38% of our total net revenues in 1Q26, compared to 35% in 4Q25.EMS BASISOur five largest customers together accounted for approximately 64% of our total net revenues in 1Q26, compared to 70% in 4Q25. One customer accounted for more than 10% of our total net revenues in 1Q26.Our top 10 customers contributed 71% of our total net revenues in 1Q26, compared to 76% in 4Q25.About ASE Technology Holding Co., Ltd.ASEH is the leading provider of semiconductor manufacturing services in assembly and test. The Company develops and offers complete turnkey solutions covering front-end engineering test, wafer probing and final test, as well as packaging, materials and electronic manufacturing services through USI with superior technologies, breakthrough innovations, and advanced development programs. With advanced technological capabilities and a global presence spanning Taiwan, China, South Korea, Japan, Singapore, Malaysia, the Philippines, Vietnam, Mexico, and Tunisia as well as the United States and Europe, ASEH has established a reputation for reliable, high quality products and services. For more information, please visit our website at https://www.aseglobal.com.Safe Harbor NoticeThis press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. The words "anticipate," "believe," "estimate," "expect," "intend," "plan" and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release. These forward-looking statements are necessarily estimates reflecting the best judgment of our senior management and our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied by the forward-looking statements for reasons including, among others, risks associated with cyclicality and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the strained relationship between the Republic of China and the People's Republic of China; general economic and political conditions; the recent shift in United States trade policies; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors. For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including the 2025 Annual Report on Form 20-F filed on April 1, 2026.Supplemental Financial Information
(Unaudited)Consolidated Operations
1Q264Q251Q25EBITDA[2] (NT$ million)38,16538,34427,628ATM Operations
1Q264Q251Q25Net Revenues (NT$ million)112,434109,70788,668Revenues by Application
Communication43 %45 %48 %Computing27 %25 %22 %Automotive, Consumer & Others30 %30 %30 %Revenues by Type
Bumping, Flip Chip, WLP & SiP49 %49 %46 %Wirebonding24 %24 %28 %Others7 %7 %6 %Testing19 %19 %18 %Material1 %1 %2 %Capacity & EBITDA
Equipment CapEx (US$ million)963704869EBITDA2 (NT$ million)34,52434,45124,146Number of Wirebonders24,92625,00125,222Number of Testers7,5857,3596,686EMS Operations
1Q264Q251Q25Net Revenues (NT$ million)61,87568,99162,295Revenues by Application
Communication25 %30 %33 %Computing15 %11 %11 %Consumer35 %36 %31 %Industrial14 %13 %13 %Automotive9 %8 %10 %Others 2 %2 %2 %Capacity
Equipment CapEx (US$ million)402823 ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million, except per share data)
(Unaudited)
For the three months ended
Mar. 312026
Dec. 312025
Mar. 312025Net revenues
Packaging88,981
86,465
68,411Testing21,041
20,863
16,004EMS61,361
68,555
61,860Others2,279
2,032
1,878Total net revenues173,662
177,915
148,153
Cost of revenues(138,812)
(143,179)
(123,260)Gross profit34,850
34,736
24,893
Operating expenses
Research and development(9,210)
(8,960)
(7,579)Selling, general and administrative(8,108)
(8,086)
(7,643)Total operating expenses(17,318)
(17,046)
(15,222)Operating income 17,532
17,690
9,671
Net non-operating income and expenses
Interest expense - net(1,576)
(1,712)
(1,256)Foreign exchange loss - net(2,225)
(2,992)
(1,675)Gain on valuation of financial assets and liabilities - net3,063
4,376
2,873Gain on equity-method investments - net728
257
40Others - net678
641
157Total non-operating income and expenses668
570
139Income before tax18,200
18,260
9,810
Income tax expense(3,635)
(3,248)
(2,022)Income from operations and before non-controlling interests14,565
15,012
7,788Non-controlling interests(417)
(299)
(234)
Net income attributable to shareholders of the parent14,148
14,713
7,554
Per share data:
Earnings per share
– BasicNT$3.24
NT$3.37
NT$1.75– DilutedNT$3.08
NT$3.24
NT$1.64
Earnings per equivalent ADS
– BasicUS$0.205
US$0.219
US$0.106– DilutedUS$0.195
US$0.210
US$0.100
Number of weighted average shares used in diluted EPS calculation (in thousand shares)4,485,186
4,462,335
4,410,238
FX (NTD/USD)31.53
30.88
32.79 ASE Technology Holding Co., Ltd.
Summary of ATM Statement of Income Data
(In NT$ million)
(Unaudited)
For the three months ended
Mar. 312026
Dec. 312025
Mar. 312025Net revenues:
Packaging89,673
87,397
69,360Testing21,041
20,863
16,004Direct Material1,621
1,352
1,219Others99
95
85Total net revenues112,434
109,707
86,668
Cost of revenues(83,236)
(80,883)
(67,057)Gross profit29,198
28,824
19,611
Operating expenses:
Research and development(7,497)
(7,182)
(6,043)Selling, general and administrative(5,824)
(5,561)
(5,233)Total operating expenses(13,321)
(12,743)
(11,276)Operating income15,877
16,081
8,335 ASE Technology Holding Co., Ltd.
Summary of EMS Statement of Income Data
(In NT$ million)
(Unaudited)
For the three months ended
Mar. 312026
Dec. 312025
Mar. 312025
Net revenues61,875
68,991
62,295
Cost of revenues(55,981)
(62,752)
(56,767)Gross profit5,894
6,239
5,528
Operating expenses:
Research and development(1,751)
(1,813)
(1,580)Selling, general and administrative(2,237)
(2,467)
(2,340)Total operating expenses(3,988)
(4,280)
(3,920)Operating income1,906
1,959
1,608 ASE Technology Holding Co., Ltd.
Summary of Consolidated Balance Sheet Data
(In NT$ million)
(Unaudited)
As of Mar. 31, 2026
As of Dec. 31, 2025Current assets
Cash and cash equivalents
87,811
92,469Financial assets – current
26,141
9,514Trade receivables
126,007
125,042Inventories
76,043
69,383Others
21,696
17,387Total current assets
337,698
313,795
Financial assets - non-current & investments - equity -method
50,602
45,677Property, plant and equipment
459,470
421,115Right-of-use assets
12,265
12,636Intangible assets
65,042
64,807Others
32,450
31,303Total assets
957,527
889,333
Current liabilities
Short-term borrowings[3]
49,724
43,328Long-term debts - current portion
6,091
6,688Trade payables
86,898
88,754Others
151,789
105,579Total current liabilities
294,502
244,349
Bonds payable
1,999
11,468Long-term borrowings[3]
199,142
202,613Other liabilities
80,740
57,536Total liabilities
576,383
515,966
Equity attributable to shareholders of the parent
350,617
346,900Non-controlling interests
30,527
26,467Total liabilities & shareholders' equity
957,527
889,333
Current ratio
1.15
1.28Net debt to equity ratio
0.40
0.46 ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Cash Flow Data
(In NT$ million)
(Unaudited)
For the three months ended
Mar. 312026
Dec. 312025
Mar. 312025
Cash Flows from Operating Activities:
Income before tax
18,200
18,260
9,810
Depreciation & amortization
18,648
17,825
16,092
Other operating activities items
(461)
34,720
(5,929)
Net cash generated from operating activities
36,387
70,805
19,973
Cash Flows from Investing Activities:
Net payments for property, plant and equipment
(44,092)
(37,776)
(36,349)
Other investment activities items
(1,653)
(818)
(1,212)
Net cash used in investing activities
(45,745)
(38,594)
(37,561)
Cash Flows from Financing Activities:
Net proceeds from (repayment of) borrowings and bonds
73
(20,783)
16,149
Other financing activities items
765
426
262
Net cash generated from (used in) financing activities
838
(20,357)
16,411
Foreign currency exchange effect
3,862
5,473
1,784
Net increase (decrease) in cash and cash equivalents
(4,658)
17,327
607
Cash and cash equivalents at the beginning of period
92,469
75,142
76,493
Cash and cash equivalents at the end of period
87,811
92,469
77,100
[1] All financial information presented in this press release is unaudited, consolidated and prepared in accordance with Taiwan-IFRS (International Financial Reporting Standards as endorsed for use in the R.O.C.). Such financial information is generated internally by us and has not been subjected to the same review and scrutiny, including internal auditing procedures and audit by our independent auditors, to which we subject our year-end audited consolidated financial statements, and may vary materially from the year-end audited consolidated financial information for the same period. Any evaluation of the financial information presented in this press release should also take into account our published year-end audited consolidated financial statements and the notes to those statements. In addition, the financial information presented is not necessarily indicative of our results of operations for any future period.[2] EBITDA stands for net income or loss before interest, taxes, depreciation, amortization, impairment and investment gain or loss as well as other items.[3] Borrowings include bank loans and bills payable. Investor Relations Contact ir@aseglobal.com
Tel: +886.2.6636.5678
https://www.aseglobal.com
View original content:https://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-reports-its-unaudited-consolidated-financial-results-for-the-first-quarter-of-2026-302756590.htmlSOURCE ASE Technology Holding Co., Ltd.
Original: ASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the First Quarter of 2026
US Market News
4月前
ASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the Fourth Quarter and the Full Year of 2025February 5, 2026 1:45 AM
PR Newswire (US)
TAIPEI, Feb. 5, 2026 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE: ASX) ("We", "ASEH", or the "Company"), the leading provider of semiconductor assembly and testing services ("ATM") and the provider of electronic manufacturing services ("EMS"), today reported its unaudited[1 ]net revenues of NT$177,915 million for 4Q25, up by 9.6% year-over-year and up by 5.5% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$14,713 million, up from NT$9,312 million in 4Q24 and up from NT$10,870 million in 3Q25. Basic earnings per share for the quarter were NT$3.37 (or US$0.219 per ADS), compared to NT$2.15 for 4Q24 and NT$2.50 for 3Q25. Diluted earnings per share for the quarter were NT$3.24 (or US$0.210 per ADS), compared to NT$2.07 for 4Q24 and NT$2.41 for 3Q25.For the full year of 2025, the Company reported unaudited net revenues of NT$645,388 million and net income attributable to shareholders of the parent of NT$40,658 million. Basic earnings per share for the full year of 2025 were NT$9.37 (or US$0.601 per ADS). Diluted earnings per share for the full year of 2025 were NT$8.89 (or US$0.571 per ADS).RESULTS OF OPERATIONS4Q25 Results Highlights – ConsolidatedNet revenues from packaging operations, testing operations, EMS operations, and others represented approximately 49%, 12%, 38%, and 1% of the total net revenues for the quarter, respectively.Cost of revenues was NT$143,179 million for the quarter, up from NT$139,692 million in 3Q25.- Raw material cost totaled NT$85,490 million for the quarter, representing 48% of the total net revenues.- Labor cost totaled NT$19,611 million for the quarter, representing 11% of the total net revenues.- Depreciation, amortization and rental expenses totaled NT$16,525 million for the quarter.Gross margin increased by 2.4 percentage points to 19.5% in 4Q25 from 17.1% in 3Q25.Operating margin was 9.9% in 4Q25, compared to 7.8% in 3Q25.Non-operating items:- Net interest expense was NT$1,712 million.- Net gain on foreign exchange hedging activities of NT$1,384 million.- Net gain on equity-method investments was NT$257 million.- Other net non-operating income was NT$641 million, primarily attributable to miscellaneous income.Total non-operating income for the quarter was NT$570 million.Income before tax was NT$18,260 million in 4Q25, compared to NT$13,976 million in 3Q25. We recorded income tax expenses of NT$3,248 million for the quarter, compared to NT$2,615 million in 3Q25.Net income attributable to shareholders of the parent was NT$14,713 million in 4Q25, compared to NT$9,312 million in 4Q24 and NT$10,870 million in 3Q25. Our total number of shares outstanding at the end of the quarter was 4,447,029,782, including treasury stock owned by our subsidiaries in 4Q25. Our 4Q25 basic earnings per share of NT$3.37 (or US$0.219 per ADS) were based on 4,360,886,216 weighted average number of shares outstanding in 4Q25. Our 4Q25 diluted earnings per share of NT$3.24 (or US$0.210 per ADS) were based on 4,462,335,188 weighted average number of shares outstanding in 4Q25.4Q25 Results Highlights – ATMNet revenues were NT$109,707 million for the quarter, up by 24.2% year-over-year and up by 9.4% sequentially.Cost of revenues was NT$80,883 million for the quarter, up by 19.4% year-over-year and up by 4.2% sequentially.- Raw material cost totaled NT$31,146 million for the quarter, representing 28% of the total net revenues.- Labor cost totaled NT$16,050 million for the quarter, representing 15% of the total net revenues.- Depreciation, amortization and rental expenses totaled NT$15,075 million for the quarter.Gross margin increased by 3.7 percentage points to 26.3% in 4Q25 from 22.6% in 3Q25.Operating margin was 14.7% in 4Q25, compared to 10.8% in 3Q25.4Q25 Results Highlights – EMSNet revenues were NT$68,991 million, down by 7.9% year-over-year and relatively stable sequentially.Cost of revenues for the quarter was NT$62,752 million, down by 8.7% year-over-year and up by 0.2% sequentially.- Raw material cost totaled NT$54,638 million for the quarter, representing 79% of the total net revenues.- Labor cost totaled NT$3,390 million for the quarter, representing 5% of the total net revenues.- Depreciation, amortization and rental expenses totaled NT$1,184 million for the quarter.Gross margin decreased by 0.2 percentage points to 9.0% in 4Q25 from 9.2% in 3Q25.Operating margin was 2.8% in 4Q25, compared to 3.7% in 3Q25.2025 Full-Year Results Highlights – ConsolidatedNet revenues for the full year of 2025 amounted to NT$645,388 million, up by 8.4% from the full year of 2024. Net revenues from packaging operations, testing operations, EMS operations and others represented approximately 48%, 11%, 40% and 1% of total net revenues for the year, respectively.Cost of revenue for the year of 2025 was NT$531,195 million, compared to NT$498,478 million in 2024.- Raw material cost totaled NT$312,261 million for the year, representing 48% of total net revenues.- Labor cost totaled NT$73,128 million for the year, representing 11% of total net revenues.- Depreciation, amortization and rental expenses totaled NT$62,030 million for the year.Gross margin increased by 1.4 percentage points to 17.7% in 2025 from 16.3% in 2024.Operating margin increased to 7.9% in 2025 from 6.6% in 2024.Total non-operating income for the year was NT$545 million, compared to NT$2,517 million in 2024.Income before tax was NT$51,301 million in 2025. We recognized an income tax expense of NT$9,461 million for the year. Net income attributable to shareholders of the parent amounted to NT$40,658 million in 2025, compared to NT$32,483 million in 2024.Our 2025 basic earnings per share of NT$9.37 (or US$0.601 per ADS) were based on 4,341,193,479 weighted average numbers of shares outstanding in 2025. Our 2025 diluted earnings per share of NT$8.89 (or US$0.571 per ADS) were based on 4,429,553,334 weighted average number of shares outstanding in 2025.2025 Full-Year Results Highlights – ATMCost of revenues for the full year of 2025 was NT$297,848 million, compared to NT$252,712 million in 2024.- Raw material cost totaled NT$109,776 million for the year, representing 28% of total net revenues.- Labor cost totaled NT$59,876 million for the year, representing 15% of total net revenues.- Depreciation, amortization and rental expenses totaled NT$56,435 million for the year.Gross margin increased to 23.5% in 2025 from 22.5% in 2024.Operating margin increased to 11.3% in 2025 from 9.8% in 2024.2025 Full-Year Results Highlights – EMSCost of revenues was NT$235,384 million in 2025, down by 5.1% from 2024.- Raw material cost totaled NT$203,824 million for the year, representing 79% of total net revenues.- Labor cost totaled NT$12,774 million for the year, representing 5% of total net revenues.- Depreciation, amortization and rental expenses totaled NT$4,574 million for the year.Gross margin increased to 9.1% in 2025 from 9.0% in 2024.Operating margin was 2.9% in both 2025 and 2024.LIQUIDITY AND CAPITAL RESOURCESEquipment capital expenditures in 4Q25 totaled US$733 million, of which US$485 million was used in packaging operations, US$218 million in testing operations, US$28 million in EMS operations and US$2 million in interconnect materials operations and others.Equipment capital expenditures in 2025 totaled US$3,396 million, of which US$2,104 million was used in packaging operations, US$1,140 million in testing operations, US$139 million in EMS operations and US$13 million in interconnect materials operations and others.Total unused credit lines amounted to NT$400,617 million as of December 31, 2025.Current ratio was 1.28 and net debt to equity ratio was 0.46 as of December 31, 2025.Total number of employees was 105,955 as of December 31, 2025, compared to 103,844 as of September 30, 2025.BUSINESS REVIEWCustomers
ATM BASISOur five largest customers together accounted for approximately 41% of our total net revenues in both 4Q25 and 3Q25. Two customers each accounted for more than 10% of our total net revenues in 4Q25 individually.Our top 10 customers contributed 58% of our total net revenues in both 4Q25 and 3Q25.Our customers that are integrated device manufacturers or IDMs accounted for 35% of our total net revenues in both 4Q25 and 3Q25. EMS BASISOur five largest customers together accounted for approximately 70% of our total net revenues in 4Q25, compared to 71% in 3Q25. One customer accounted for more than 10% of our total net revenues in 4Q25.Our top 10 customers contributed 76% of our total net revenues in 4Q25, compared to 77% in 3Q25.1 All financial information presented in this press release is unaudited, consolidated and prepared in accordance with Taiwan-IFRS (International Financial Reporting Standards as endorsed for use in the R.O.C.). Such financial information is generated internally by us and has not been subjected to the same review and scrutiny, including internal auditing procedures and audit by our independent auditors, to which we subject our year-end audited consolidated financial statements, and may vary materially from the year-end audited consolidated financial information for the same period. Any evaluation of the financial information presented in this press release should also take into account our published year-end audited consolidated financial statements and the notes to those statements. In addition, the financial information presented is not necessarily indicative of our results of operations for any future period.2 EBITDA stands for net income or loss before interest, taxes, depreciation, amortization, impairment and investment gain or loss as well as other items.3 Borrowings include bank loans and bills payable.About ASE Technology Holding Co., Ltd.
ASEH is the leading provider of semiconductor manufacturing services in assembly and test. The Company develops and offers complete turnkey solutions covering front-end engineering test, wafer probing and final test, as well as packaging, materials and electronic manufacturing services through USI with superior technologies, breakthrough innovations, and advanced development programs. With advanced technological capabilities and a global presence spanning Taiwan, China, South Korea, Japan, Singapore, Malaysia, Philippines, Vietnam, Mexico, and Tunisia as well as the United States and Europe, ASEH has established a reputation for reliable, high quality products and services.
For more information, please visit our website at https://www.aseglobal.com.Safe Harbor Notice
This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. The words "anticipate," "believe," "estimate," "expect," "intend," "plan" and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release. These forward-looking statements are necessarily estimates reflecting the best judgment of our senior management and our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied by the forward-looking statements for reasons including, among others, risks associated with cyclicality and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the strained relationship between the Republic of China and the People's Republic of China; general economic and political conditions; the recent shift in United States trade policies; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors. The announced results of the full year of 2025 are preliminary and subject to audit adjustments. For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including the 2024 Annual Report on Form 20-F filed on March 27, 2025.Supplemental Financial Information
(Unaudited)
Consolidated Operations
4Q253Q254Q24EBITDA[2] (NT$ million)38,34432,61328,797ATM Operations
4Q253Q254Q24Net Revenues (NT$ million)109,707100,28988,363Revenues by Application
Communication45 %45 %53 %Computing25 %25 %17 %Automotive, Consumer & Others30 %30 %30 %Revenues by Type
Bumping, Flip Chip, WLP & SiP49 %48 %47 %Wirebonding24 %26 %27 %Others7 %6 %7 %Testing19 %18 %18 %Material1 %2 %1 %Capacity & EBITDA
Equipment CapEx (US$ million)704736616EBITDA2 (NT$ million)34,45127,96924,845Number of Wirebonders25,00125,12025,328Number of Testers7,3597,0666,300EMS Operations
4Q253Q254Q24Net Revenues (NT$ million)68,99169,02274,895Revenues by Application
Communication30 %30 %37 %Computing11 %9 %9 %Consumer36 %40 %33 %Industrial13 %12 %11 %Automotive8 %7 %8 %Others 2 %2 %2 %Capacity
Equipment CapEx (US$ million)284024ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million, except per share data)
(Unaudited)
For the three months ended
For the year ended
Dec. 312025
Sep. 302025
Dec. 312024
Dec. 312025
Dec. 312024
Net revenues
Packaging86,465
79,806
70,285
308,343
261,732
Testing20,863
18,420
15,713
71,900
54,562
EMS68,555
68,405
74,243
257,193
271,293
Others2,032
1,938
2,023
7,952
7,823
Total net revenues177,915
168,569
162,264
645,388
595,410
Cost of revenues(143,179)
(139,692)
(135,633)
(531,195)
(498,478)
Gross profit34,736
28,877
26,631
114,193
96,932
Operating expenses
Research and development(8,960)
(8,308)
(7,676)
(32,852)
(28,830)
Selling, general and administrative(8,086)
(7,368)
(7,744)
(30,585)
(28,935)
Total operating expenses(17,046)
(15,676)
(15,420)
(63,437)
(57,765)
Operating income 17,690
13,201
11,211
50,756
39,167
Net non-operating income and expenses
Interest expense - net(1,712)
(1,428)
(1,308)
(5,599)
(4,864)
Foreign exchange gain (loss) - net(2,992)
(3,790)
(2,787)
3,428
(5,539)
Gain on valuation of financial assets and liabilities - net4,376
5,191
4,017
341
9,833
Gain (Loss) on equity-method investments - net257
294
(133)
814
868
Others - net641
508
441
1,561
2,219
Total non-operating income and expenses570
775
230
545
2,517
Income before tax18,260
13,976
11,441
51,301
41,684
Income tax expense(3,248)
(2,615)
(1,862)
(9,461)
(7,758)
Income from operations and before non-controlling interests15,012
11,361
9,579
41,840
33,926
Non-controlling interests(299)
(491)
(267)
(1,182)
(1,443)
Net income attributable to shareholders of the parent 14,713
10,870
9,312
40,658
32,483
Per share data:
Earnings per share
– BasicNT$3.37
NT$2.50
NT$2.15
NT$9.37
NT$7.52
– DilutedNT$3.24
NT$2.41
NT$2.07
NT$8.89
NT$7.23
Earnings per equivalent ADS
– BasicUS$0.219
US$0.168
US$0.134
US$0.601
US$0.470
– DilutedUS$0.210
US$0.162
US$0.129
US$0.571
US$0.452
Number of weighted average shares used in diluted EPS calculation (in thousand shares)4,462,335
4,419,121
4,399,409
4,429,553
4,392,013
FX (NTD/USD)30.88
29.74
32.16
31.15
32.00
ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million)
(Unaudited)
For the three months ended
For the year ended
Dec. 312025
Sep. 302025
Dec. 312024
Dec. 312025
Dec. 312024
Net revenues:
Packaging87,397
80,602
71,342
311,799
265,858
Testing20,863
18,420
15,713
71,900
54,562
Direct material1,352
1,190
1,233
5,191
5,130
Others95
77
75
338
325
Total net revenues109,707
100,289
88,363
389,228
325,875
Cost of revenues(80,883)
(77,592)
(67,754)
(297,848)
(252,712)
Gross profit28,824
22,697
20,609
91,380
73,163
Operating expenses:
Research and development(7,182)
(6,695)
(6,047)
(26,240)
(22,438)
Selling, general and administrative(5,561)
(5,140)
(5,127)
(21,045)
(18,739)
Total operating expenses(12,743)
(11,835)
(11,174)
(47,285)
(41,177)
Operating income16,081
10,862
9,435
44,095
31,986
ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million)
(Unaudited)
For the three months ended
For the year ended
Dec. 312025
Sep. 302025
Dec. 312024
Dec. 312025
Dec. 312024
Net revenues68,991
69,022
74,895
259,079
272,550
Cost of revenues(62,752)
(62,643)
(68,713)
(235,384)
(248,135)
Gross profit6,239
6,379
6,182
23,695
24,415
Operating expenses
Research and development(1,813)
(1,671)
(1,673)
(6,787)
(6,542)
Selling, general and administrative(2,467)
(2,167)
(2,523)
(9,286)
(9,883)
Total operating expenses(4,280)
(3,838)
(4,196)
(16,073)
(16,425)
Operating income1,959
2,541
1,986
7,622
7,990
ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million)
(Unaudited)
As of Dec. 31, 2025
As of Sep. 30, 2025Current assets
Cash and cash equivalents
92,469
75,142Financial assets – current
9,514
8,270Trade receivables
125,042
125,663Inventories
69,383
66,182Others
17,387
18,823Total current assets
313,795
294,080
Financial assets - non-current & investments - equity -method
45,677
41,678Property, plant and equipment
421,115
397,195Right-of-use assets
12,636
12,725Intangible assets
64,807
65,439Others
31,303
31,527Total assets
889,333
842,644
Current liabilities
Short-term borrowings[3]
43,328
59,976Long-term debts - current portion
6,688
7,837Trade payables
88,754
90,442Others
105,579
101,298Total current liabilities
244,349
259,553
Bonds payable
11,468
17,370Long-term borrowings[3]
202,613
201,577Other liabilities
57,536
24,591Total liabilities
515,966
503,091
Equity attributable to shareholders of the parent
346,900
317,043Non-controlling interests
26,467
22,510Total liabilities & shareholders' equity
889,333
842,644
Current ratio
1.28
1.13Net debt to equity ratio
0.46
0.63ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million)
(Unaudited)
For the three months ended
For the year ended
Dec. 312025
Sep. 302025
Dec. 312024
Dec. 312025
Dec. 312024
Cash Flows from Operating Activities
Income before tax
18,260
13,976
11,441
51,301
41,684
Depreciation & amortization
17,825
16,992
15,360
67,440
59,815
Other operating activities items
34,720
(16,342)
8,444
23,508
(10,711)
Net cash generated from operating activities
70,805
14,626
35,245
142,249
90,788
Cash Flows from Investing Activities
Net payments for property, plant and equipment
(37,776)
(44,920)
(31,546)
(162,149)
(78,614)
Other investment activities items
(818)
(996)
(11)
(3,495)
(5,295)
Net cash used in investing activities
(38,594)
(45,916)
(31,557)
(165,644)
(83,909)
Cash Flows from Financing Activities
Total net proceeds from (repayment of) borrowings and bonds
(20,783)
49,518
(1,952)
67,043
16,487
Dividends paid
-
(23,034)
-
(23,034)
(22,460)
Other financing activities items
426
1,234
(121)
1,260
(1,298)
Net cash generated from (used in) financing activities
(20,357)
27,718
(2,073)
45,269
(7,271)
Foreign currency exchange effect
5,473
5,929
3,167
(5,898)
9,601
Net increase in cash and cash equivalents
17,327
2,357
4,782
15,976
9,209
Cash and cash equivalents at the beginning of period
75,142
72,785
71,711
76,493
67,284
Cash and cash equivalents at the end of period
92,469
75,142
76,493
92,469
76,493
Investor Relations Contact ir@aseglobal.com Tel: +886.2.6636.5678 https://www.aseglobal.com
View original content:https://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-reports-its-unaudited-consolidated-financial-results-for-the-fourth-quarter-and-the-full-year-of-2025-302679779.htmlSOURCE ASE Technology Holding Co., Ltd.
Original: ASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the Fourth Quarter and the Full Year of 2025
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