ASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the Second Quarter of 2026
Rhea-AI Summary
ASE Technology Holding (NYSE: ASX, TWSE: 3711) reported unaudited 2Q26 net revenues of NT$191,064 million, up 26.7% year-over-year and 10.0% sequentially. Net income attributable to shareholders reached NT$21,068 million, versus NT$7,521 million in 2Q25 and NT$14,132 million in 1Q26. Basic EPS was NT$4.80 (US$0.304 per ADS); diluted EPS was NT$4.61 (US$0.292).
Consolidated gross margin was 21.0% and operating margin 11.1%. ATM segment revenues were NT$126,148 million (+36.3% YoY), with 27.3% gross margin and 15.7% operating margin. EMS revenues were NT$65,789 million (+11.9% YoY), with gross and operating margins of 8.9% and 2.4%, respectively. 2Q26 EBITDA was NT$45,779 million. Equipment capex totaled US$1,695 million. The company reported a current ratio of 1.07, net debt-to-equity of 0.47, and unused credit lines of NT$396,197 million as of June 30, 2026.
Positive
- Consolidated net revenues up 26.7% YoY to NT$191,064m in 2Q26
- Net income attributable to shareholders rose to NT$21,068m vs NT$7,521m in 2Q25
- ATM segment revenues grew 36.3% YoY to NT$126,148m with 27.3% gross margin
- EBITDA increased to NT$45,779m from NT$27,426m in 2Q25
- Operating cash flow reached NT$47,014m in 2Q26, up from NT$36,845m in 2Q25
- Unused credit lines totaled NT$396,197m, supporting liquidity and funding flexibility
Negative
- EMS gross margin declined to 8.9% from 9.5% in 1Q26; operating margin fell to 2.4%
- Net debt to equity ratio increased to 0.47 as of June 30, 2026, from 0.40 March 31, 2026
- Net cash used in investing activities was NT$83,084m in 2Q26, driven by high capex
- Current ratio decreased to 1.07 at June 30, 2026, from 1.15 at March 31, 2026
News Explained
Operating cash did not cover investment spending; financing inflows helped keep June 30 cash at NT$91,292 million.
ASE Technology’s unaudited 2Q26 report is a completed quarter-end disclosure: in the three months ended
Net payments for property, plant and equipment were
Customer concentration moved differently by segment: in ATM, the five largest customers rose to
The figures are unaudited and may vary materially from year-end audited consolidated results; the company identifies its year-end audited statements and notes as the relevant review point.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 29 | 1Q26 earnings | Positive | +1.7% | Revenue growth, higher margins, and increased quarterly profitability |
| Feb 05 | 4Q25 earnings | Positive | +6.7% | Quarterly revenue growth and improved gross and operating margins |
| Oct 30 | 3Q25 earnings | Positive | +4.2% | Revenue growth, improved margins, and strong ATM segment performance |
| Jul 31 | 2Q25 earnings | Negative | -8.0% | Net income declined despite revenue growth and higher operating metrics |
| Apr 30 | 1Q25 earnings | Positive | +0.3% | Higher net income, improved margins, and year-over-year revenue growth |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Comparable earnings announcements produced four positive and one negative 24-hour price reactions, with the negative result occurring after 2Q25 earnings.
Key Terms
ebitda financial
gross margin financial
net debt to equity ratio financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
RESULTS OF OPERATIONS
2Q26 Results Highlights – Consolidated
- Net revenues from packaging operations, testing operations, EMS operations, and others represented approximately
52% ,13% ,34% , and1% of the total net revenues for the quarter, respectively. - Cost of revenues was
NT for the quarter, up from$150,914 million NT in 1Q26.$138,844 million
- Raw material cost totaled NT$86,253 million for the quarter, representing45% of the total net revenues.
- Labor cost totaled NT$21,920 million for the quarter, representing11% of the total net revenues.
- Depreciation, amortization and rental expenses totaled NT$18,441 million for the quarter. - Gross margin increased by 1 percentage point to
21.0% in 2Q26 from20.0% in 1Q26. - Operating margin was
11.1% in 2Q26, compared to10.1% in 1Q26. - Non-operating items:
- Net interest expense was NT$1,853 million .
- Net gain on foreign exchange hedging activities of NT$3,637 million .
- Net gain on equity-method investments was NT$2,298 million .
- Other net non-operating income was NT$484 million , primarily attributable to miscellaneous income.
Total non-operating income for the quarter wasNT .$4,566 million - Income before tax was NT
$25,700 million in 2Q26, compared toNT in 1Q26. We recorded income tax expenses of$18,161 million NT for the quarter, compared to$4,172 million NT in 1Q26.$3,629 million - Net income attributable to shareholders of the parent was NT
$21,068 million in 2Q26, compared toNT in 2Q25 and$7,521 million NT in 1Q26.$14,132 million - Our total number of shares outstanding at the end of the quarter was 4,470,572,282, including treasury stock owned by our subsidiaries in 2Q26. Our 2Q26 basic earnings per share of
NT (or$4.80 US per ADS) were based on 4,386,711,875 weighted average number of shares outstanding in 2Q26. Our 2Q26 diluted earnings per share of$0.304 NT (or$4.61 US per ADS) were based on 4,505,702,583 weighted average number of shares outstanding in 2Q26.$0.292
2Q26 Results Highlights – ATM
- Net revenues were
NT for the quarter, up by$126,148 million 36.3% year-over-year and up by12.2% sequentially. - Cost of revenues was
NT for the quarter, up by$91,657 million 26.7% year-over-year and up by10.1% sequentially.
- Raw material cost totaled NT$34,782 million for the quarter, representing28% of the total net revenues.
- Labor cost totaled NT$18,255 million for the quarter, representing14% of the total net revenues.
- Depreciation, amortization and rental expenses totaled NT$16,940 million for the quarter. - Gross margin increased by 1.3 percentage points to
27.3% in 2Q26 from26.0% in 1Q26. - Operating margin was
15.7% in 2Q26, compared to14.1% in 1Q26.
2Q26 Results Highlights – EMS
- Net revenues were
NT , up by$65,789 million 11.9% year-over-year and up by6.3% sequentially. - Cost of revenues for the quarter was
NT , up by$59,916 million 12.6% year-over-year and up by7.0% sequentially.
- Raw material cost totaled NT$51,810 million for the quarter, representing79% of the total net revenues.
- Labor cost totaled NT$3,595 million for the quarter, representing5% of the total net revenues.
- Depreciation, amortization and rental expenses totaled NT$1,259 million for the quarter. - Gross margin decreased by 0.6 percentage points to
8.9% in 2Q26 from9.5% in 1Q26. - Operating margin was
2.4% in 2Q26, compared to3.0% in 1Q26.
LIQUIDITY AND CAPITAL RESOURCES
- Equipment capital expenditures in 2Q26 totaled
US , of which$1,695 million US was used in packaging operations,$840 million US in testing operations,$804 million US in EMS operations and$49 million US in interconnect materials operations and others.$2 million - Total unused credit lines amounted to
NT as of June 30, 2026.$396,197 million - Current ratio was 1.07 and net debt to equity ratio was 0.47 as of June 30, 2026.
- Total number of employees was 114,179 as of June 30, 2026, compared to 107,950 as of March 31, 2026.
BUSINESS REVIEW
Customers
ATM BASIS
- Our five largest customers together accounted for approximately
44% of our total net revenues in 2Q26, compared to43% in 1Q26. One customer accounted for more than10% of our total net revenues in 2Q26. - Our top 10 customers contributed
60% of our total net revenues in 2Q26, compared to58% in 1Q26. - Our customers that are integrated device manufacturers or IDMs accounted for
41% of our total net revenues in 2Q26, compared to38% in 1Q26.
EMS BASIS
- Our five largest customers together accounted for approximately
58% of our total net revenues in 2Q26, compared to64% in 1Q26. One customer accounted for more than10% of our total net revenues in 2Q26. - Our top 10 customers contributed
69% of our total net revenues in 2Q26, compared to71% in 1Q26.
About ASE Technology Holding Co., Ltd.
ASEH is the leading provider of semiconductor manufacturing services in assembly and test. The Company develops and offers complete turnkey solutions covering front-end engineering test, wafer probing and final test, as well as packaging, materials and electronic manufacturing services through USI with superior technologies, breakthrough innovations, and advanced development programs. With advanced technological capabilities and a global presence spanning
For more information, please visit our website at https://www.aseglobal.com.
Safe Harbor Notice
This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. These statements are made under the "safe harbor" provisions of the
Supplemental Financial Information
(Unaudited)
Consolidated Operations
2Q26 | 1Q26 | 2Q25 | |
EBITDA[2] (NT$ million) | 45,779 | 38,147 | 27,426 |
ATM Operations
2Q26 | 1Q26 | 2Q25 | |
Net Revenues (NT$ million) | 126,148 | 112,434 | 92,565 |
Revenues by Application | |||
Communication | 41 % | 43 % | 46 % |
Computing | 30 % | 27 % | 24 % |
Automotive, Consumer & Others | 29 % | 30 % | 30 % |
Revenues by Type | |||
Bumping, Flip Chip, WLP & SiP | 49 % | 49 % | 47 % |
Wirebonding | 24 % | 24 % | 28 % |
Others | 6 % | 7 % | 5 % |
Testing | 19 % | 19 % | 18 % |
Material | 2 % | 1 % | 2 % |
Capacity & EBITDA | |||
Equipment CapEx (US$ million) | 1,646 | 963 | 942 |
EBITDA[2] (NT$ million) | 41,491 | 34,524 | 24,295 |
Number of Wirebonders | 24,815 | 24,926 | 25,156 |
Number of Testers | 8,348 | 7,585 | 6,797 |
EMS Operations
2Q26 | 1Q26 | 2Q25 | |
Net Revenues (NT$ million) | 65,789 | 61,875 | 58,770 |
Revenues by Application | |||
Communication | 30 % | 25 % | 33 % |
Computing | 16 % | 15 % | 10 % |
Consumer | 28 % | 35 % | 32 % |
Industrial | 16 % | 14 % | 14 % |
Automotive | 8 % | 9 % | 9 % |
Others | 2 % | 2 % | 2 % |
Capacity | |||
Equipment CapEx (US$ million) | 49 | 40 | 49 |
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 | For the six months ended | |||||||||
Jun. 30 2026 | Mar. 31 2026 (Retrospectively | Jun. 30 2025 | Jun. 30 2026 (Retrospectively | Jun. 30 2025 | ||||||
Net revenues | ||||||||||
Packaging | 99,387 | 88,981 | 73,659 | 188,368 | 142,070 | |||||
Testing | 23,665 | 21,041 | 16,612 | 44,706 | 32,616 | |||||
EMS | 65,411 | 61,361 | 58,374 | 126,772 | 120,234 | |||||
Others | 2,601 | 2,279 | 2,105 | 4,880 | 3,983 | |||||
Total net revenues | 191,064 | 173,662 | 150,750 | 364,726 | 298,903 | |||||
Cost of revenues | (150,914) | (138,844) | (125,063) | (289,758) | (248,323) | |||||
Gross profit | 40,150 | 34,818 | 25,687 | 74,968 | 50,580 | |||||
Operating expenses | ||||||||||
Research and development | (10,229) | (9,210) | (8,004) | (19,439) | (15,583) | |||||
Selling, general and administrative | (8,787) | (8,115) | (7,490) | (16,902) | (15,133) | |||||
Total operating expenses | (19,016) | (17,325) | (15,494) | (36,341) | (30,716) | |||||
Operating income | 21,134 | 17,493 | 10,193 | 38,627 | 19,864 | |||||
Net non-operating income and expenses | ||||||||||
Interest expense - net | (1,853) | (1,576) | (1,203) | (3,429) | (2,459) | |||||
Foreign exchange gain (loss) - net | 738 | (2,225) | 11,885 | (1,487) | 10,210 | |||||
Gain (Loss) on valuation of financial assets and liabilities - net | 2,899 | 3,063 | (12,098) | 5,962 | (9,225) | |||||
Gain on equity-method investments - net | 2,298 | 728 | 223 | 3,026 | 263 | |||||
Others - net | 484 | 678 | 255 | 1,162 | 412 | |||||
Total non-operating income and expenses | 4,566 | 668 | (938) | 5,234 | (799) | |||||
Income before tax | 25,700 | 18,161 | 9,255 | 43,861 | 19,065 | |||||
Income tax expense | (4,172) | (3,629) | (1,576) | (7,801) | (3,598) | |||||
Income from operations and before non-controlling interests | 21,528 | 14,532 | 7,679 | 36,060 | 15,467 | |||||
Non-controlling interests | (460) | (400) | (158) | (860) | (392) | |||||
Net income attributable to shareholders of the parent | 21,068 | 14,132 | 7,521 | 35,200 | 15,075 | |||||
Per share data: | ||||||||||
Earnings per share | ||||||||||
– Basic | ||||||||||
– Diluted | ||||||||||
Earnings per equivalent ADS | ||||||||||
– Basic | ||||||||||
– Diluted | ||||||||||
Number of weighted average shares used in | 4,505,703 | 4,485,186 | 4,395,187 | 4,498,971 | 4,406,107 | |||||
FX (NTD/USD) | 31.59 | 31.53 | 31.18 | 31.56 | 31.99 | |||||
ASE Technology Holding Co., Ltd. | ||||||||||
Summary of ATM Statement of Income Data | ||||||||||
(In NT$ million) | ||||||||||
(Unaudited) | ||||||||||
For the three months ended | For the six months ended | |||||||||
Jun. 30 2026 | Mar. 31 2026 | Jun. 30 2025 | Jun. 30 2026 | Jun. 30 2025 | ||||||
Net revenues: | ||||||||||
Packaging | 100,324 | 89,673 | 74,440 | 189,997 | 143,800 | |||||
Testing | 23,665 | 21,041 | 16,612 | 44,706 | 32,616 | |||||
Direct material | 2,057 | 1,621 | 1,431 | 3,678 | 2,650 | |||||
Others | 102 | 99 | 82 | 201 | 167 | |||||
Total net revenues | 126,148 | 112,434 | 92,565 | 238,582 | 179,233 | |||||
Cost of revenues | (91,657) | (83,236) | (72,317) | (174,893) | (139,374) | |||||
Gross profit | 34,491 | 29,198 | 20,248 | 63,689 | 39,859 | |||||
Operating expenses: | ||||||||||
Research and development | (8,384) | (7,497) | (6,320) | (15,881) | (12,363) | |||||
Selling, general and administrative | (6,325) | (5,824) | (5,111) | (12,149) | (10,344) | |||||
Total operating expenses | (14,709) | (13,321) | (11,431) | (28,030) | (22,707) | |||||
Operating income | 19,782 | 15,877 | 8,817 | 35,659 | 17,152 | |||||
ASE Technology Holding Co., Ltd. | ||||||||||
Summary of EMS Statement of Income Data | ||||||||||
(In NT$ million) | ||||||||||
(Unaudited) | ||||||||||
For the three months ended | For the six months ended | |||||||||
Jun. 30 2026 | Mar. 31 2026 (Retrospectively | Jun. 30 2025 | Jun. 30 2026 (Retrospectively | Jun. 30 2025 | ||||||
Net revenues | 65,789 | 61,875 | 58,770 | 127,664 | 121,065 | |||||
Cost of revenues | (59,916) | (56,013) | (53,221) | (115,929) | (109,988) | |||||
Gross profit | 5,873 | 5,862 | 5,549 | 11,735 | 11,077 | |||||
Operating expenses | ||||||||||
Research and development | (1,887) | (1,751) | (1,723) | (3,638) | (3,303) | |||||
Selling, general and administrative | (2,417) | (2,244) | (2,313) | (4,661) | (4,653) | |||||
Total operating expenses | (4,304) | (3,995) | (4,036) | (8,299) | (7,956) | |||||
Operating income | 1,569 | 1,867 | 1,513 | 3,436 | 3,121 | |||||
ASE Technology Holding Co., Ltd. | ||||||
Summary of Consolidated Balance Sheet Data | ||||||
(In NT$ million) | ||||||
(Unaudited) | ||||||
As of Jun. 30, 2026 | As of Mar. 31, 2026 (Retrospectively Adjusted) | |||||
Current assets | ||||||
Cash and cash equivalents | 91,292 | 87,811 | ||||
Financial assets – current | 16,081 | 26,141 | ||||
Trade receivables | 143,318 | 126,007 | ||||
Inventories | 86,268 | 76,056 | ||||
Others | 23,440 | 21,696 | ||||
Total current assets | 360,399 | 337,711 | ||||
Financial assets - non-current & investments - equity -method | 67,851 | 50,602 | ||||
Property, plant and equipment | 517,816 | 459,502 | ||||
Right-of-use assets | 13,996 | 12,265 | ||||
Intangible assets | 66,284 | 65,247 | ||||
Others | 44,988 | 32,450 | ||||
Total assets | 1,071,334 | 957,777 | ||||
Current liabilities | ||||||
Short-term borrowings[3] | 60,063 | 49,724 | ||||
Long-term debts - current portion | 11,787 | 6,091 | ||||
Trade payables | 99,516 | 86,898 | ||||
Others | 165,433 | 151,789 | ||||
Total current liabilities | 336,799 | 294,502 | ||||
Bonds payable | 14,985 | 1,999 | ||||
Long-term borrowings[3] | 209,603 | 199,142 | ||||
Other liabilities | 90,750 | 80,832 | ||||
Total liabilities | 652,137 | 576,475 | ||||
Equity attributable to shareholders of the parent | 389,205 | 350,610 | ||||
Non-controlling interests | 29,992 | 30,692 | ||||
Total liabilities & shareholders' equity | 1,071,334 | 957,777 | ||||
Current ratio | 1.07 | 1.15 | ||||
Net debt to equity ratio | 0.47 | 0.40 | ||||
ASE Technology Holding Co., Ltd. | |||||||||||||||||||||
Summary of Consolidated Statement of Cash Flow Data | |||||||||||||||||||||
(In NT$ million) | |||||||||||||||||||||
(Unaudited) | |||||||||||||||||||||
For the three months ended | For the six months ended | ||||||||||||||||||||
Jun. 30 2026 | Mar. 31 2026 (Retrospectively |
Jun. 30 2025
| Jun. 30 2026 (Retrospectively | Jun. 30 2025 | |||||||||||||||||
Cash Flows from Operating Activities | |||||||||||||||||||||
Income before tax | 25,700 | 18,161 | 9,255 | 43,861 | 19,065 | ||||||||||||||||
Depreciation & amortization | 20,000 | 18,669 | 16,531 | 38,669 | 32,623 | ||||||||||||||||
Other operating activities items | 1,314 | (443) | 11,059 | 871 | 5,130 | ||||||||||||||||
Net cash generated from operating activities | 47,014 | 36,387 | 36,845 | 83,401 | 56,818 | ||||||||||||||||
Cash Flows from Investing Activities | |||||||||||||||||||||
Net payments for property, plant and equipment | (79,849) | (44,092) | (43,104) | (123,941) | (79,453) | ||||||||||||||||
Other investment activities items | (3,235) | (1,653) | (469) | (4,888) | (1,681) | ||||||||||||||||
Net cash used in investing activities | (83,084) | (45,745) | (43,573) | (128,829) | (81,134) | ||||||||||||||||
Cash Flows from Financing Activities | |||||||||||||||||||||
Total net proceeds from borrowings and bonds | 39,864 | 73 | 22,159 | 39,937 | 38,308 | ||||||||||||||||
Other financing activities items | (710) | 765 | (662) | 55 | (400) | ||||||||||||||||
Net cash generated from financing activities | 39,154 | 838 | 21,497 | 39,992 | 37,908 | ||||||||||||||||
Foreign currency exchange effect | 397 | 3,862 | (19,084) | 4,259 | (17,300) | ||||||||||||||||
Net increase (decrease) in cash and cash equivalents | 3,481 | (4,658) | (4,315) | (1,177) | (3,708) | ||||||||||||||||
Cash and cash equivalents at the beginning of period | 87,811 | 92,469 | 77,100 | 92,469 | 76,493 | ||||||||||||||||
Cash and cash equivalents at the end of period | 91,292 | 87,811 | 72,785 | 91,292 | 72,785 | ||||||||||||||||
[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-second-quarter-of-2026-302838714.html
SOURCE ASE Technology Holding Co., Ltd.