ASE Technology (ASX) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for ASE Technology.

Q4 2025

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Analyst Coverage

Research analysts who have asked questions during ASE Technology earnings calls.

Charlie Chan

Morgan Stanley

8 questions for ASX

Also covers: 3711.TW, TSM, UMC

Gokul Hariharan

JPMorgan Chase & Co

8 questions for ASX

Also covers: 3711.TW, GDS, SIMO +2 more

Sunny Lin

UBS

7 questions for ASX

Also covers: 3711.TW, TSM, UMC

Brad Lin

Bank of America

5 questions for ASX

Also covers: 3711.TW, TSM, UMC

Chia Yi Chen

Citigroup

4 questions for ASX

Also covers: 3711.TW, TSM, UMC

Laura Chen

Citigroup

4 questions for ASX

Also covers: TSM, UMC

Jason Tsang

CLSA

3 questions for ASX

Also covers: 3711.TW, UMC

Alan Patterson

EE Times

2 questions for ASX

Haas

Bank of America

2 questions for ASX

Zheng Lu

Goldman Sachs

2 questions for ASX

Also covers: 3711.TW, TSM, UMC

Bruce Liu

Goldman Sachs

1 question for ASX

Bruce Lu

Goldman Sachs

1 question for ASX

Also covers: TSM, UMC

Felix Pan (Junhong Pan)

KGI Securities

1 question for ASX

Also covers: TSM, UMC

Rick Hsu

Daiwa Securities

1 question for ASX

Also covers: TSM

To Tsang

CLSA

1 question for ASX

Latest news

Recent press releases and 8-K filings for ASX.

ASE Technology Holding Co., Ltd. Reports Q4 and Full Year 2025 Results

ASX

Earnings

Guidance Update

Revenue Acceleration/Inflection

For the full year 2025, ASE Technology Holding Co., Ltd. reported total net revenues of NT$645,388 million, an 8% increase year-over-year, with net income attributable to shareholders of NT$40,658 million, up 25% year-over-year.
In the fourth quarter of 2025, total net revenues were NT$177,915 million, marking a 10% increase from Q4 2024, and basic EPS was NT$3.37, a 57% increase year-over-year.
The company's ATM business saw significant growth in 2025, with revenue up 23% year-over-year (in US dollar terms), driven by LEAP services reaching US$1.6 billion and a 36% increase in the testing business.
For the first quarter of 2026, management projects consolidated revenue to decline by 5 to 7 percent quarter-over-quarter in NT dollar terms, with consolidated gross margin expected to decline by 50 to 100 basis points quarter-over-quarter.

2 days ago

6-K

ASE Technology Holding Co., Ltd. Reports Strong Q4 and Full-Year 2025 Unaudited Financial Results

ASX

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

ASE Technology Holding Co., Ltd. reported unaudited net revenues of NT$177,915 million for Q4 2025, marking a 9.6% year-over-year increase, and NT$645,388 million for the full year 2025, up 8.4% from 2024.
Net income attributable to shareholders of the parent for Q4 2025 was NT$14,713 million, significantly up from NT$9,312 million in 4Q24, resulting in basic EPS of NT$3.37 (US$0.219 per ADS). For the full year 2025, net income was NT$40,658 million with basic EPS of NT$9.37 (US$0.601 per ADS).
The company's consolidated gross margin improved to 19.5% in 4Q25 from 17.1% in 3Q25, and the operating margin increased to 9.9% in 4Q25 from 7.8% in 3Q25.
Equipment capital expenditures totaled US$733 million in 4Q25 and US$3,396 million for the full year 2025. As of December 31, 2025, the current ratio was 1.28 and the net debt to equity ratio was 0.46.

2 days ago

6-K

ASE Technology Holding Reports Strong Q4 and Full-Year 2025 Results, Projects Continued Growth in 2026

ASX

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

ASE Technology Holding reported Q4 2025 total net revenues of NT$177,915 million, marking a 10% year-over-year increase, and full-year 2025 total net revenues of NT$645,388 million, up 8% year-over-year. Net income attributable to shareholders of the parent for Q4 2025 was NT$14,713 million, a 58% year-over-year increase, with Basic EPS of NT$3.37.
The ATM segment was a significant growth driver, with its revenue growing 23% year-over-year in 2025 (in US dollar terms) led by LEAP services, which reached US$1.6 billion and accounted for 13% of ATM revenue. The testing business also grew 36% year-over-year in 2025 (in US dollar terms).
The company anticipates a continued revenue uptrend into 2026, projecting LEAP services to double from US$1.6 billion to US$3.2 billion, with 75% from packaging and 25% from testing. Capital expenditure is also being increased to support multi-year growth.

2 days ago

Presentation

ASE Technology Holding Reports Strong Q4 and Full-Year 2025 Results, Provides Optimistic 2026 Outlook

ASX

Earnings

Guidance Update

New Projects/Investments

ASE Technology Holding reported strong financial performance for Q4 2025 and full-year 2025, with Q4 consolidated net revenues of NT$177.9 billion (up 10% year-over-year) and full-year consolidated net revenues improving 8% compared to 2024.
The ATM business was a significant growth driver, achieving record Q4 2025 revenues of TWD 109.7 billion (up 24% annually) and a 20% improvement in full-year 2025 revenues, now accounting for 60% of consolidated net revenue.
For 2026, the company expects continued revenue growth, particularly in leading-edge solutions and AI-related demand, projecting leading-edge assembly packaging (LEAP) services to double from $1.6 billion to $3.2 billion.
ASE plans aggressive CapEx spending in 2026, intending to add another $1.5 billion in machinery (with two-thirds allocated to leading-edge services) on top of the $3.4 billion spent in 2025, alongside similar investments in buildings and facilities.
Q1 2026 guidance projects a consolidated revenue decline of 5%-7% quarter-over-quarter, with ATM gross margin expected to be between 24%-25%, and overall ATM gross margins are anticipated to improve sequentially throughout 2026, reaching the upper end of the structural range by the second half.

2 days ago

Transcript

ASX Reports Strong Q4 and Full-Year 2025 Results, Projects Continued Growth Driven by AI and Increased CapEx

ASX

Earnings

Guidance Update

New Projects/Investments

ASX reported Q4 2025 consolidated net revenues of NT$177.9 billion, an increase of 10% year-over-year, and basic EPS of $3.37. For the full year 2025, consolidated net revenues improved 8% compared to 2024, with basic EPS of $9.37.
The ATM business was a primary growth driver, improving 20% in 2025 and accounting for 60% of consolidated net revenue and 87% of operating profit.
For 2026, ASX anticipates continued revenue uptrend, with leading-edge assembly packaging services expected to double from $1.6 billion to $3.2 billion. The company plans to step up CapEx expenditure for R&D, advanced capacity, and smart factory infrastructure, with building and facilities CapEx projected at NTD 2.1 billion.
ASX is expanding its global footprint, primarily in Penang, Korea, and the Philippines, to support customer manufacturing requirements and capture next-generation opportunities, particularly in automotive and robotics.
The company highlighted its leadership in the ongoing AI server cycle, driven by hyperscalers and data center development, and its strategic focus on silicon photonics (CPO) and system-level optimization within the Taiwan semiconductor ecosystem.

2 days ago

Transcript

ASE Technology Holding Reports Strong Q4 and Full-Year 2025 Results, Projects Continued Growth and Aggressive CapEx in 2026

ASX

Earnings

Guidance Update

New Projects/Investments

ASE Technology Holding reported Q4 2025 consolidated net revenues of NT$177.9 billion, marking a 10% year-over-year increase, and full-year 2025 consolidated net revenues improved 8% compared to 2024.
The ATM business was a primary growth driver, with its revenue improving 20% in 2025 and contributing 60% of consolidated net revenue. LEAP services revenue reached TWD 1.6 billion in 2025 and is projected to double to $3.2 billion in 2026.
The company expects a continued revenue uptrend in 2026, driven by leading-edge solutions and AI-related demand, and plans to add another $1.5 billion in machinery CapEx in 2026, building on the $3.4 billion spent in 2025.
Strategically, ASE is implementing a "Taiwan Plus One" initiative, expanding its global footprint with new facilities primarily in Penang for automotive and robotics, alongside investments in Korea and the Philippines.

2 days ago

Transcript

ASE Technology Reports Strong 4Q25 and Full-Year 2025 Financial Results

ASX

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

ASE Technology Holding Co., Ltd. reported net revenues of NT$177,915 million for 4Q25, marking a 9.6% year-over-year increase, and NT$645,388 million for the full year 2025, an 8.4% increase from 2024.
Net income attributable to shareholders of the parent for 4Q25 totaled NT$14,713 million, with basic earnings per share of NT$3.37 (US$0.219 per ADS). For the full year 2025, net income was NT$40,658 million, and basic EPS was NT$9.37 (US$0.601 per ADS).
Profitability improved, with the 4Q25 gross margin increasing to 19.5% from 17.1% in 3Q25, and the operating margin rising to 9.9% from 7.8% in 3Q25. For the full year 2025, the gross margin was 17.7% and the operating margin was 7.9%.
The company's equipment capital expenditures were US$733 million in 4Q25 and US$3,396 million for the full year 2025. As of December 31, 2025, ASE Technology maintained strong liquidity with a current ratio of 1.28 and NT$400,617 million in unused credit lines.

2 days ago

Press Release

ASE Technology Holding Co., Ltd. Announces Q4 and Full Year 2025 Net Revenues

ASX

Earnings

Revenue Acceleration/Inflection

ASE Technology Holding Co., Ltd. reported unaudited consolidated net revenues of $5,763 million (US$) for Q4 2025, marking a 14.2% year-over-year increase, and $20,782 million (US$) for the full year 2025, up 11.8% from 2024.
The ATM assembly, testing and material business contributed $3,553 million (US$) in net revenues for Q4 2025, a 29.3% year-over-year increase, and $12,539 million (US$) for the full year 2025, reflecting a 23.2% increase from 2024.

Jan 9, 2026, 12:53 PM

6-K

ASE Technology Holding Co., Ltd. Announces December, Q4, and Full Year 2025 Net Revenues

ASX

Earnings

Revenue Acceleration/Inflection

ASE Technology Holding Co., Ltd. reported consolidated net revenues of $1,880 million for December 2025, reflecting a 15.3% year-over-year increase.
For Q4 2025, consolidated net revenues were $5,763 million, an increase of 14.2% year-over-year and 1.8% sequentially.
Full year 2025 consolidated net revenues reached $20,782 million, marking an 11.8% increase compared to 2024.
The ATM assembly, testing, and material business contributed significantly, with Q4 2025 net revenues of $3,553 million (up 29.3% year-over-year) and full year 2025 net revenues of $12,539 million (up 23.2% year-over-year).

Jan 9, 2026, 7:00 AM

Press Release

ASE Technology Holding Co., Ltd. Announces November 2025 Net Revenues

ASX

Revenue Acceleration/Inflection

Demand Weakening

ASE Technology Holding Co., Ltd. reported consolidated net revenues of US$1,903 million for November 2025.
These consolidated net revenues represent a 3.9% sequential decrease from October 2025 but a 15.5% year-over-year increase compared to November 2024.
The ATM assembly, testing, and material business contributed US$1,167 million in net revenues for November 2025, showing a 1.5% sequential decrease but a 28.5% year-over-year increase.