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ASE Technology Holding Co Ltd
NYSE:ASX

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ASE Technology Holding Co Ltd Logo
ASE Technology Holding Co Ltd
NYSE:ASX
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Price: 23.2 USD -1.15% Market Closed
Market Cap: $50.1B

ASE Technology Holding Co Ltd
Investor Relations

ASE Technology Holding Co., Ltd. finds itself at the heart of a pivotal industry, quietly powering the global technology sphere with its advanced semiconductor packaging and testing services. Founded in 1984 and headquartered in Kaohsiung City, Taiwan, ASE Technology has grown into a critical player in the semiconductor supply chain, offering a suite of services that are indispensable to the creation of electronic devices. Focused on encapsulating and protecting delicate chips, the company specializes in turning semiconductor wafers into operational miracles that can conduct electricity and process information. The intricate dance of semiconductor design and manufacturing takes a pivotal turn at ASE Technology, where raw semiconductor wafers are encased in reliable packages that can withstand the rigors of practical use, all while being tested for functionality and quality.

The company's business model thrives on long-term collaborations with industry giants – think leading chipmakers, consumer electronics companies, and automotive enterprises. These alliances bolster ASE's ability to innovate and invest in cutting-edge facilities capable of sophisticated processes such as wafer-level packaging and system-in-package solutions. Beyond sheer manufacturing might, ASE leverages its expertise in engineering and logistics to create value-added solutions, ensuring its components meet the nuanced needs of varied applications, from high-performance computing to mobile communications. Revenue streams are robust, derived from a diversified portfolio that spans consumer electronics, communications, computing, and automotive sectors, reflecting ASE Technology's role as a linchpin in an increasingly digital world. By continuously evolving in a sector marked by rapid technological shifts, ASE Technology not only secures enduring relevance but also expands its footprint as a beacon of innovation and reliability.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 5, 2026
AI Summary
Q4 2025

Revenue Growth: ASE reported strong consolidated revenue growth of 10% YoY for Q4 and 8% for the full year, with the ATM segment up 20% and the EMS segment down 5%.

Record Margins: Gross margin for Q4 hit 19.5%, up 3.1 percentage points YoY, and operating margin reached 9.9%. Margins were supported by higher utilization, favorable product mix, and currency effects.

LEAP Business Surge: Leading Edge Advanced Packaging (LEAP) revenue more than doubled to $1.6 billion in 2025 and is expected to double again to at least $3.2 billion in 2026.

Strong CapEx Plans: ASE plans to add $1.5 billion to 2026 machinery CapEx (totaling nearly $5 billion), with aggressive investments focused on leading-edge and automation.

Guidance: Q1 2026 revenue and margins are expected to decline modestly QoQ due to seasonality, but ATM gross margin will stay within the 24–25% structural range and improve throughout the year.

Optimistic Outlook: Management expects continued outperformance by the ATM segment, ongoing margin improvement, and strong demand from AI, automotive, and industrial sectors.

EMS Repositioning: EMS business is shifting focus away from consumer devices toward AI, server, and industrial applications, with several projects in the pipeline.

Key Financials
Consolidated Net Revenue
$177.9B
Gross Profit
$34.7B
Gross Margin
19.5%
Operating Expenses
$17B
Operating Margin
9.9%
Net Income
$14.7B
Fully Diluted EPS (Q4)
$3.24
Basic EPS (Q4)
$3.37
Fully Diluted EPS (2025, full year)
$8.89
Basic EPS (2025, full year)
$9.37
ATM Business Revenue (Q4)
$109.7B
ATM Gross Profit
$28.8B
ATM Gross Margin (Q4)
26.3%
ATM Operating Expenses (Q4)
$12.7B
ATM Operating Margin (Q4)
14.7%
ATM Gross Margin (2025, full year)
23.5%
ATM Operating Margin (2025, full year)
11.3%
LEAP Services Revenue (2025, full year)
$1.6B
Machinery CapEx (2025, full year)
$3.4B
Facilities Automation CapEx (2025, full year)
$2.1B
EMS Business Revenue (Q4)
$69B
EMS Gross Margin (Q4)
9%
EMS Operating Margin (Q4)
2.8%
Net Interest-bearing Debt
$272.9B
EBITDA (Q4)
$38.3B
Net Debt to Equity
46%
Other Earnings Calls

Management

Mr. Hung-Pen Chang
Vice Chairman, GM & President
No Bio Available
Mr. Joseph Tung
Group CFO
No Bio Available
Dr. Tien Yu Wu
Group COO & Representative Director
No Bio Available
Mr. Murphy Kuo
Senior VP, Accountant Manager & Group Controller
No Bio Available
Mr. Dtuang Wang
Chief Administrative Officer, Chief Corporate Governance Officer & Company Secretary
No Bio Available
Mr. Kenneth Hsiang CPA
Head of Investor Relations & VP
No Bio Available
Dr. Shi Hua Pan
Group Chief of Staff
No Bio Available
Mr. Rui Rong Lo
GM of Kaohsiung Plant
No Bio Available
Mr. Kwai Mun Lee
President of Southeast Asia Operations
No Bio Available
Mr. Bo-Lian Li
Senior Vice President
No Bio Available

Contacts

Address
KAOHSIUNG
Kaohsiung
No.26, Chin 3 Road, Nantze Export Processing Zone, Nanzi District
Contacts
+88673617131.0
www.aseglobal.com