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[6-K] ASE Technology Holding Co., Ltd. Current Report (Foreign Issuer)

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ASE Technology (ASX) reported stronger Q3 2025 results, with total net revenues of NT$168,569 million (up 12% QoQ, 5% YoY). Gross margin was 17.1%. Operating income rose to NT$13,201 million (up 30% QoQ, 15% YoY), and net income attributable to shareholders reached NT$10,870 million (up 45% QoQ, 12% YoY). Basic EPS was NT$2.50; diluted EPS was NT$2.41.

Segment detail: ATM net revenues were NT$100,289 million (up 8% QoQ, 17% YoY) with operating margin improving, while EMS net revenues were NT$69,022 million (up 17% QoQ, down 8% YoY) and operating income increased QoQ. Excluding PPA, profitability metrics improved across the board.

On the balance sheet as of September 30, 2025, cash and cash equivalents were NT$75,142 million, total interest-bearing debts NT$295,682 million, current ratio 1.13, and net debt to equity ratio 0.63.

Outlook: using an exchange rate of US$1 = NT$30.4, management sees Q4 2025 consolidated revenue up 1–2% QoQ, gross margin up 70–100 bps, and operating margin up 70–100 bps. ATM revenue is projected up 3–5% QoQ; EMS revenue flat to slightly down.

ASE Technology (ASX) ha riportato risultati del terzo trimestre 2025 più solidi, con entrate nette totali di NT$168.569 milioni (in crescita del 12% rispetto al trimestre precedente e del 5% rispetto all'anno precedente). Margine lordo stato 17,1%. Utile operativo è aumentato a NT$13.201 milioni (crescita del 30% QoQ, 15% YoY), e utile netto attribuibile agli azionisti ha raggiunto NT$10.870 milioni (aumento del 45% QoQ, 12% YoY). Earnings per share di base è stato NT$2,50; EPS diluito è stato NT$2,41.

Dettaglio per segmento: ATM entrate nette NT$100.289 milioni (in crescita dell'8% QoQ, 17% YoY) con miglioramento del margine operativo, mentre le entrate nette EMS sono state NT$69.022 milioni (in crescita del 17% QoQ, in calo dell'8% YoY) e il reddito operativo è aumentato QoQ. Escludendo PPA, le metriche di redditività sono migliorate su tutte le voci.

Sul lato bilancio al 30 settembre 2025, cassa e equivalenti cash NT$75.142 milioni, debiti totali remunerati NT$295.682 milioni, rapporto corrente 1,13, e rapporto debito netto/equity 0,63.

Prospettive: utilizzando un tasso di cambio di US$1 = NT$30,4, la direzione vede un fatturato consolidato del Q4 2025 in aumento 1–2% QoQ, margine lordo in aumento di 70–100 punti base, e margine operativo in aumento di 70–100 punti base. Le entrate ATM dovrebbero aumentare 3–5% QoQ; le entrate EMS si prevedono stabili o leggermente in calo.

ASE Technology (ASX) reportó resultados más fuertes en el tercer trimestre de 2025, con ingresos netos totales de NT$168.569 millones (un 12% QoQ, 5% YoY). Margen bruto fue del 17,1%. Ingreso operativo subió a NT$13.201 millones (un 30% QoQ, 15% YoY), y el ingreso neto atribuible a los accionistas alcanzó NT$10.870 millones (un 45% QoQ, 12% YoY). EPS básico fue de NT$2,50; EPS diluido fue de NT$2,41.

Detalle por segmento: ATM ingresos netos fueron NT$100.289 millones (un 8% QoQ, 17% YoY) con mejora del margen operativo, mientras que los ingresos netos de EMS fueron NT$69.022 millones (un 17% QoQ, -8% YoY) y el ingreso operativo aumentó QoQ. Excluyendo PPA, las métricas de rentabilidad mejoraron en todas las áreas.

En el balance al 30 de septiembre de 2025, efectivo y equivalentes NT$75.142 millones, deudas totales con interés NT$295.682 millones, razón corriente 1,13, y relación deuda neta/valor contable 0,63.

Perspectivas: usando un tipo de cambio de US$1 = NT$30,4, la gerencia espera que los ingresos consolidados del Q4 2025 aumenten 1–2% QoQ, margen bruto aumente 70–100 pb y margen operativo aumente 70–100 pb. Los ingresos de ATM se proyectan a subir 3–5% QoQ; los de EMS se esperan planos o ligeramente a la baja.

ASE Technology (ASX)는 2025년 3분기 실적이 더 강하게 나왔다고 발표했습니다. 총 순매출NT$168,569백만으로 전 분기 대비 12%, 전년 동기 대비 5% 증가했습니다. 총이익률17.1%였습니다. 영업이익NT$13,201백만으로 상승했고(전 분기 대비 30%, 전년 동기 대비 15%), 주주귀속순이익NT$10,870백만에 도달했습니다(전 분기 대비 45%, 전년 동기 대비 12%). 주당순이익 기본NT$2.50, 주당순이익 희석NT$2.41였습니다.

부문별 상세: ATM 순매출은 NT$100,289백만으로 전분기 대비 8%, 전년 동기 대비 17% 증가했고, 영업마진은 개선되었습니다. 반면 EMS 순매출은 NT$69,022백만으로 전분기 대비 17% 증가했고 전년 동기 대비 8% 감소했으며, 영업이익은 QoQ 증가했습니다. PPA를 제외하면 수익성 지표가 전반적으로 개선되었습니다.

2025년 9월 30일자 대차대조표 기준, 현금및현금성자산은 NT$75,142백만, 총 이자지급부채는 NT$295,682백만, 현재비율은 1.13, 순부채대자본비율은 0.63였습니다.

전망: 환율 US$1 = NT$30.4를 가정하면 경영진은 2025년 4분기 연결 매출이 QoQ로 1–2% 증가하고, 총이익률은 70–100bp 상승하며 영업이익률도 70–100bp 상승할 것으로 예상합니다. ATM 매출은 QoQ로 3–5% 증가할 것으로 보이고, EMS 매출은 보합 또는 소폭 감소할 것으로 예상됩니다.

ASE Technology (ASX) a affiché des résultats plus solides au T3 2025, avec un chiffre d’affaires net total de NT$168 569 millions (en hausse de 12% QoQ, 5% YoY). Marge brute de 17,1%. Résultat opérationnel s’est élevé à NT$13 201 millions (en hausse de 30% QoQ, 15% YoY), et le résultat net attribuable aux actionnaires a atteint NT$10 870 millions (en hausse de 45% QoQ, 12% YoY). EPS de base: NT$2,50; EPS dilué: NT$2,41.

Détail par segment : ATM chiffres d’affaires nets NT$100 289 millions (en hausse de 8% QoQ, 17% YoY) avec une amélioration de la marge opérationnelle, tandis que EMS chiffres nets NT$69 022 millions (en hausse de 17% QoQ, -8% YoY) et le résultat opérationnel a augmenté QoQ. En excluant le PPA, les métriques de rentabilité se sont améliorées dans l’ensemble.

Du côté du bilan au 30 septembre 2025, trésorerie et équivalents NT$75 142 millions, dettes portant intérêt totales NT$295 682 millions, ratio actuel 1,13, et ratio net d’endettement sur capitaux propres 0,63.

Avenir : en supposant un taux de change de US$1 = NT$30,4, la direction prévoit un chiffre d’affaires consolidé du T4 2025 en hausse de 1–2% QoQ, une marge brute en hausse de 70–100 pb et une marge opérationnelle en hausse de 70–100 pb. Les revenus ATM devraient croître de 3–5% QoQ ; les revenus EMS devraient être plats à légèrement en baisse.

ASE Technology (ASX) meldete stärkere Q3-2025-Ergebnisse, mit totalen Nettoumsätzen von NT$168.569 Millionen (plus 12% QoQ, plus 5% YoY). Bruttomarge war 17,1%. Betriebsgewinn stieg auf NT$13.201 Millionen (plus 30% QoQ, 15% YoY), und Nettoeinkommen, das den Aktionären zusteht erreichte NT$10.870 Millionen (plus 45% QoQ, 12% YoY). Grund-EPS betrug NT$2,50; verwässertes EPS betrug NT$2,41.

Segmentübersicht: ATM-Nettoumsätze betrugen NT$100.289 Millionen (plus 8% QoQ, 17% YoY) bei verbessertem Betriebsgewinnmarge, während EMS-Nettoumsätze NT$69.022 Millionen (plus 17% QoQ, minus 8% YoY) waren und das Betriebsergebnis QoQ zulegte. Ohne PPA verbesserten sich die Profitabilitätskennzahlen branchenübergreifend.

Bilanzlage zum 30. September 2025: Bargeld und Zahlungsmittel NT$75.142 Millionen, gesamte zinsbelastete Verbindlichkeiten NT$295.682 Millionen, aktueller Quotient 1,13, Nettschulden-Equity-Verhältnis 0,63.

AUSBLICK: Unter Annahme eines Wechselkurses von US$1 = NT$30,4 geht das Management davon aus, dass der konsolidierte Umsatz für Q4-2025 QoQ um 1–2% steigen wird, die Bruttomarge um 70–100 Basispunkte und die operative Marge um 70–100 Basispunkte steigen wird. ATM-Umsätze sollen QoQ um 3–5% steigen; EMS-Umsätze bleiben flach bis leicht rückläufig.

ASE Technology (ASX) أعلنت عن نتائج أقوى للربع الثالث من عام 2025، بوجود الإيرادات الصافية الإجمالية تبلغ NT$168,569 مليون (ارتفاع 12% على أساس ربع سنوي، و5% على أساس سنوي). الهامش الإجمالي كان 17.1%. ارتفع الدخل التشغيلي إلى NT$13,201 مليون (ارتفاع 30% ربعاً إلى ربع، و< b>15% سنوياً)، وبلغ صافي الدخل العائد للمساهمين NT$10,870 مليون (ارتفاع 45% ربعياً، و< b>12% سنوياً). ربحية السهم الأساسية كانت NT$2.50; ربحية السهم المخففة كانت NT$2.41.

تفاصيل القطاع: ATM الإيرادات الصافية بلغت NT$100,289 مليون (ارتفاع 8% ربعاً إلى ربع، و17% سنوياً) مع تحسن الهامش التشغيلي، بينما بلغت إيرادات EMS NT$69,022 مليون (ارتفاع 17% ربعاً إلى ربع، وانخفاض 8% سنوياً) وازداد الدخل التشغيلي QoQ. باستبعاد PPA، تحسن مؤشرات الربحية عبر جميع المواضع.

في الميزانية كما في 30 سبتمبر 2025، النقد وما يعادله NT$75,142 مليون، إجمالي الديون ذات الفوائد NT$295,682 مليون، النسبة المتداولة 1.13، ونسبة الدين إلى الملكية 0.63.

التوقعات: باستخدام سعر صرف US$1 = NT$30.4، تتوقع الإدارة أن يزداد الإيراد المجمّع للربع الرابع من 2025 بنحو 1–2% ربعاً إلى ربع، وأن ترتفع الهامش الإجمالي بنحو 70–100 نقطة أساس وأن يرتفع هامش التشغيل بنحو 70–100 نقطة أساس. من المتوقع أن ترتفع إيرادات ATM بنحو 3–5% ربعياً إلى ربعياً؛ أما إيرادات EMS فستظل ثابتة إلى انخفاض طفيف.

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Insights

Solid QoQ recovery with cautious Q4 margin expansion guidance.

ASE Technology delivered Q3 2025 revenue of NT$168,569m and expanded operating margin to 7.8%. Net income attributable to shareholders was NT$10,870m, with basic EPS of NT$2.50. The ATM segment led with NT$100,289m revenue and improving profitability; EMS rebounded QoQ to NT$69,022m.

Balance sheet indicators as of Sept. 30, 2025 show cash of NT$75,142m and total interest-bearing debt of NT$295,682m, with a current ratio of 1.13 and net debt to equity of 0.63. Capex and EBITDA trends indicate ongoing investment with improving earnings capacity.

Guidance calls for Q4 consolidated revenue growth of 1–2% QoQ and margin expansion of 70–100 bps, assuming US$1 = NT$30.4. ATM is guided up 3–5% QoQ, while EMS is expected flat to slightly lower. Actual impact will depend on segment mix and execution in Q4.

ASE Technology (ASX) ha riportato risultati del terzo trimestre 2025 più solidi, con entrate nette totali di NT$168.569 milioni (in crescita del 12% rispetto al trimestre precedente e del 5% rispetto all'anno precedente). Margine lordo stato 17,1%. Utile operativo è aumentato a NT$13.201 milioni (crescita del 30% QoQ, 15% YoY), e utile netto attribuibile agli azionisti ha raggiunto NT$10.870 milioni (aumento del 45% QoQ, 12% YoY). Earnings per share di base è stato NT$2,50; EPS diluito è stato NT$2,41.

Dettaglio per segmento: ATM entrate nette NT$100.289 milioni (in crescita dell'8% QoQ, 17% YoY) con miglioramento del margine operativo, mentre le entrate nette EMS sono state NT$69.022 milioni (in crescita del 17% QoQ, in calo dell'8% YoY) e il reddito operativo è aumentato QoQ. Escludendo PPA, le metriche di redditività sono migliorate su tutte le voci.

Sul lato bilancio al 30 settembre 2025, cassa e equivalenti cash NT$75.142 milioni, debiti totali remunerati NT$295.682 milioni, rapporto corrente 1,13, e rapporto debito netto/equity 0,63.

Prospettive: utilizzando un tasso di cambio di US$1 = NT$30,4, la direzione vede un fatturato consolidato del Q4 2025 in aumento 1–2% QoQ, margine lordo in aumento di 70–100 punti base, e margine operativo in aumento di 70–100 punti base. Le entrate ATM dovrebbero aumentare 3–5% QoQ; le entrate EMS si prevedono stabili o leggermente in calo.

ASE Technology (ASX) reportó resultados más fuertes en el tercer trimestre de 2025, con ingresos netos totales de NT$168.569 millones (un 12% QoQ, 5% YoY). Margen bruto fue del 17,1%. Ingreso operativo subió a NT$13.201 millones (un 30% QoQ, 15% YoY), y el ingreso neto atribuible a los accionistas alcanzó NT$10.870 millones (un 45% QoQ, 12% YoY). EPS básico fue de NT$2,50; EPS diluido fue de NT$2,41.

Detalle por segmento: ATM ingresos netos fueron NT$100.289 millones (un 8% QoQ, 17% YoY) con mejora del margen operativo, mientras que los ingresos netos de EMS fueron NT$69.022 millones (un 17% QoQ, -8% YoY) y el ingreso operativo aumentó QoQ. Excluyendo PPA, las métricas de rentabilidad mejoraron en todas las áreas.

En el balance al 30 de septiembre de 2025, efectivo y equivalentes NT$75.142 millones, deudas totales con interés NT$295.682 millones, razón corriente 1,13, y relación deuda neta/valor contable 0,63.

Perspectivas: usando un tipo de cambio de US$1 = NT$30,4, la gerencia espera que los ingresos consolidados del Q4 2025 aumenten 1–2% QoQ, margen bruto aumente 70–100 pb y margen operativo aumente 70–100 pb. Los ingresos de ATM se proyectan a subir 3–5% QoQ; los de EMS se esperan planos o ligeramente a la baja.

ASE Technology (ASX)는 2025년 3분기 실적이 더 강하게 나왔다고 발표했습니다. 총 순매출NT$168,569백만으로 전 분기 대비 12%, 전년 동기 대비 5% 증가했습니다. 총이익률17.1%였습니다. 영업이익NT$13,201백만으로 상승했고(전 분기 대비 30%, 전년 동기 대비 15%), 주주귀속순이익NT$10,870백만에 도달했습니다(전 분기 대비 45%, 전년 동기 대비 12%). 주당순이익 기본NT$2.50, 주당순이익 희석NT$2.41였습니다.

부문별 상세: ATM 순매출은 NT$100,289백만으로 전분기 대비 8%, 전년 동기 대비 17% 증가했고, 영업마진은 개선되었습니다. 반면 EMS 순매출은 NT$69,022백만으로 전분기 대비 17% 증가했고 전년 동기 대비 8% 감소했으며, 영업이익은 QoQ 증가했습니다. PPA를 제외하면 수익성 지표가 전반적으로 개선되었습니다.

2025년 9월 30일자 대차대조표 기준, 현금및현금성자산은 NT$75,142백만, 총 이자지급부채는 NT$295,682백만, 현재비율은 1.13, 순부채대자본비율은 0.63였습니다.

전망: 환율 US$1 = NT$30.4를 가정하면 경영진은 2025년 4분기 연결 매출이 QoQ로 1–2% 증가하고, 총이익률은 70–100bp 상승하며 영업이익률도 70–100bp 상승할 것으로 예상합니다. ATM 매출은 QoQ로 3–5% 증가할 것으로 보이고, EMS 매출은 보합 또는 소폭 감소할 것으로 예상됩니다.

ASE Technology (ASX) a affiché des résultats plus solides au T3 2025, avec un chiffre d’affaires net total de NT$168 569 millions (en hausse de 12% QoQ, 5% YoY). Marge brute de 17,1%. Résultat opérationnel s’est élevé à NT$13 201 millions (en hausse de 30% QoQ, 15% YoY), et le résultat net attribuable aux actionnaires a atteint NT$10 870 millions (en hausse de 45% QoQ, 12% YoY). EPS de base: NT$2,50; EPS dilué: NT$2,41.

Détail par segment : ATM chiffres d’affaires nets NT$100 289 millions (en hausse de 8% QoQ, 17% YoY) avec une amélioration de la marge opérationnelle, tandis que EMS chiffres nets NT$69 022 millions (en hausse de 17% QoQ, -8% YoY) et le résultat opérationnel a augmenté QoQ. En excluant le PPA, les métriques de rentabilité se sont améliorées dans l’ensemble.

Du côté du bilan au 30 septembre 2025, trésorerie et équivalents NT$75 142 millions, dettes portant intérêt totales NT$295 682 millions, ratio actuel 1,13, et ratio net d’endettement sur capitaux propres 0,63.

Avenir : en supposant un taux de change de US$1 = NT$30,4, la direction prévoit un chiffre d’affaires consolidé du T4 2025 en hausse de 1–2% QoQ, une marge brute en hausse de 70–100 pb et une marge opérationnelle en hausse de 70–100 pb. Les revenus ATM devraient croître de 3–5% QoQ ; les revenus EMS devraient être plats à légèrement en baisse.

ASE Technology (ASX) meldete stärkere Q3-2025-Ergebnisse, mit totalen Nettoumsätzen von NT$168.569 Millionen (plus 12% QoQ, plus 5% YoY). Bruttomarge war 17,1%. Betriebsgewinn stieg auf NT$13.201 Millionen (plus 30% QoQ, 15% YoY), und Nettoeinkommen, das den Aktionären zusteht erreichte NT$10.870 Millionen (plus 45% QoQ, 12% YoY). Grund-EPS betrug NT$2,50; verwässertes EPS betrug NT$2,41.

Segmentübersicht: ATM-Nettoumsätze betrugen NT$100.289 Millionen (plus 8% QoQ, 17% YoY) bei verbessertem Betriebsgewinnmarge, während EMS-Nettoumsätze NT$69.022 Millionen (plus 17% QoQ, minus 8% YoY) waren und das Betriebsergebnis QoQ zulegte. Ohne PPA verbesserten sich die Profitabilitätskennzahlen branchenübergreifend.

Bilanzlage zum 30. September 2025: Bargeld und Zahlungsmittel NT$75.142 Millionen, gesamte zinsbelastete Verbindlichkeiten NT$295.682 Millionen, aktueller Quotient 1,13, Nettschulden-Equity-Verhältnis 0,63.

AUSBLICK: Unter Annahme eines Wechselkurses von US$1 = NT$30,4 geht das Management davon aus, dass der konsolidierte Umsatz für Q4-2025 QoQ um 1–2% steigen wird, die Bruttomarge um 70–100 Basispunkte und die operative Marge um 70–100 Basispunkte steigen wird. ATM-Umsätze sollen QoQ um 3–5% steigen; EMS-Umsätze bleiben flach bis leicht rückläufig.

ASE Technology (ASX) أعلنت عن نتائج أقوى للربع الثالث من عام 2025، بوجود الإيرادات الصافية الإجمالية تبلغ NT$168,569 مليون (ارتفاع 12% على أساس ربع سنوي، و5% على أساس سنوي). الهامش الإجمالي كان 17.1%. ارتفع الدخل التشغيلي إلى NT$13,201 مليون (ارتفاع 30% ربعاً إلى ربع، و< b>15% سنوياً)، وبلغ صافي الدخل العائد للمساهمين NT$10,870 مليون (ارتفاع 45% ربعياً، و< b>12% سنوياً). ربحية السهم الأساسية كانت NT$2.50; ربحية السهم المخففة كانت NT$2.41.

تفاصيل القطاع: ATM الإيرادات الصافية بلغت NT$100,289 مليون (ارتفاع 8% ربعاً إلى ربع، و17% سنوياً) مع تحسن الهامش التشغيلي، بينما بلغت إيرادات EMS NT$69,022 مليون (ارتفاع 17% ربعاً إلى ربع، وانخفاض 8% سنوياً) وازداد الدخل التشغيلي QoQ. باستبعاد PPA، تحسن مؤشرات الربحية عبر جميع المواضع.

في الميزانية كما في 30 سبتمبر 2025، النقد وما يعادله NT$75,142 مليون، إجمالي الديون ذات الفوائد NT$295,682 مليون، النسبة المتداولة 1.13، ونسبة الدين إلى الملكية 0.63.

التوقعات: باستخدام سعر صرف US$1 = NT$30.4، تتوقع الإدارة أن يزداد الإيراد المجمّع للربع الرابع من 2025 بنحو 1–2% ربعاً إلى ربع، وأن ترتفع الهامش الإجمالي بنحو 70–100 نقطة أساس وأن يرتفع هامش التشغيل بنحو 70–100 نقطة أساس. من المتوقع أن ترتفع إيرادات ATM بنحو 3–5% ربعياً إلى ربعياً؛ أما إيرادات EMS فستظل ثابتة إلى انخفاض طفيف.

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

 

October, 2025

 

 

Commission File Number 001-16125

 

 

ASE Technology Holding Co., Ltd.

(Translation of registrant’s name into English)

 

 

26, Chin 3rd Road

Kaohsiung, Taiwan

Republic of China

(Address of principal executive offices)

 

  

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F  ☒         Form 40-F ☐    

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  ASE TECHNOLOGY HOLDING CO., LTD.
   
 
 Date: October 30, 2025

By:     /s/ Joseph Tung
    Name:  Joseph Tung
    Title:    Chief Financial Officer

 

 

 

 

 

Third Quarter 2025 Earnings Release 30 October, 2025 ASE Technology Holding

 

 

Safe Harbor Notice This presentation 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 presentation. 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 presentation. 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 2024 Annual Report on Form 20 - F filed on March 27, 2025. 2

 

 

Consolidated Statements of Income Quarterly Comparison (Unaudited) 3 (NT$ million) Q3 / 2025 % Q2 / 2025 % Q3 / 2024 % QoQ YoY Net Revenues: ATM 99,393 59.0% 91,648 60.8% 84,545 52.8% 8% 18% EMS 68,405 40.6% 58,374 38.7% 74,871 46.8% 17% -9% Others 771 0.4% 728 0.5% 689 0.4% 6% 12% Total Net Revenues 168,569 100.0% 150,750 100.0% 160,105 100.0% 12% 5% Gross Profit 28,877 17.1% 25,687 17.0% 26,426 16.5% 12% 9% Operating Income (Loss) 13,201 7.8% 10,193 6.8% 11,470 7.2% 30% 15% Pretax Income (Loss) 13,976 8.3% 9,255 6.1% 12,325 7.7% 51% 13% Income Tax Benefit (Expense) (2,615) -1.6% (1,576) -1.0% (2,052) -1.3% Non-controlling Interests (491) -0.3% (158) -0.1% (540) -0.3% Net Income Attributable to Shareholders of the Parent 10,870 6.4% 7,521 5.0% 9,733 6.1% 45% 12% Basic EPS(NT$) 2.50 1.74 2.25 44% 11% Diluted EPS(NT$) 2.41 1.70 2.18 42% 11% Additional Commentary From Management: Gross Profit excl. PPA expenses 29,392 17.4% 26,208 17.4% 27,360 17.1% 12% 7% Operating Income excl. PPA expenses 13,979 8.3% 10,974 7.3% 12,668 7.9% 27% 10% Net income attributable to shareholders of the parent excl. PPA expenses 11,629 6.9% 8,288 5.5% 10,906 6.8% 40% 7% Basic EPS(NT$) excl. PPA expenses 2.68 1.91 2.52 40% 6%

 

 

Consolidated Operations (Unaudited) 4 72,862 76,676 84,545 87,208 85,606 91,648 99,393 59,326 62,853 74,871 74,243 61,860 58,374 68,405 15.7% 16.4% 16.5% 16.4% 16.8% 17.0% 17.1% 5.6% 6.4% 7.2% 6.9% 6.5% 6.8% 7.8% 0% 10% 20% 30% 0 30,000 60,000 90,000 120,000 150,000 180,000 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 NT$ million ATM Revenue EMS Revenue Other Revenue Gross Margin Operating Margin

 

 

ATM Statements of Income Quarterly Comparison (Unaudited) 5 (NT$ million) Q3 / 2025 % Q2 / 2025 % Q3 / 2024 % QoQ YoY Net Revenues: Packaging 80,602 80.4% 74,440 80.4% 70,290 81.9% 8% 15% Testing 18,420 18.3% 16,612 18.0% 14,124 16.5% 11% 30% Direct Material 1,190 1.2% 1,431 1.5% 1,295 1.5% -17% -8% Others 77 0.1% 82 0.1% 81 0.1% -6% -5% Total Net Revenues 100,289 100.0% 92,565 100.0% 85,790 100.0% 8% 17% Gross Profit 22,697 22.6% 20,248 21.9% 19,795 23.1% 12% 15% Operating Income (Loss) 10,862 10.8% 8,817 9.5% 9,219 10.7% 23% 18% Additional Commentary From Management: Gross Profit excl. PPA expenses 23,187 23.1% 20,751 22.4% 20,689 24.1% 12% 12% Operating Income excl. PPA expenses 11,602 11.6% 9,569 10.3% 10,363 12.1% 21% 12%

 

 

ATM Operations (Unaudited) 6 15,557 17,201 19,795 20,609 19,611 20,248 22,697 73,908 77,813 85,790 88,363 86,668 92,565 100,289 21.0% 22.1% 23.1% 23.3% 22.6% 21.9% 22.6% 0% 10% 20% 30% 40% 0 20,000 40,000 60,000 80,000 100,000 120,000 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 NT$ million Gross Profit Gross Margin Revenue

 

 

ATM Revenues by Application (Unaudited) 7 52% 49% 50% 53% 48% 46% 45% 18% 19% 18% 17% 22% 24% 25% 30% 32% 32% 30% 30% 30% 30% 0% 20% 40% 60% 80% 100% Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Communication Computing Automotive, Consumer & Others

 

 

ATM Revenues by Type (Unaudited) 8 43% 44% 45% 47% 46% 47% 48% 30% 31% 29% 27% 28% 28% 26% 9% 7% 8% 7% 6% 5% 6% 16% 16% 16% 18% 18% 18% 18% 2% 2% 2% 1% 2% 2% 2% 0% 20% 40% 60% 80% 100% Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Material Testing Others Wirebonding Bump/FC/WLP /SiP

 

 

EMS Operations Quarterly Comparison & Revenues by Application (unaudited) (NT$ million) Q3 / 2025 % Q2 / 2025 % Q3 / 2024 % QoQ YoY EMS Net Revenues 69,022 100.0% 58,770 100.0% 75,384 100.0% 17% -8% Gross Profit 6,379 9.2% 5,549 9.4% 6,757 9.0% 15% -6% Operating Income (Loss) 2,541 3.7% 1,513 2.6% 2,453 3.3% 68% 4% 9 34% 33% 34% 37% 33% 33% 30% 12% 11% 9% 9% 10% 10% 9% 27% 29% 36% 33% 33% 32% 40% 12% 13% 11% 11% 12% 14% 12% 12% 11% 9% 8% 10% 9% 7% 3% 3% 1% 2% 2% 2% 2% 0% 20% 40% 60% 80% 100% Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Communication Computing Consumer Industrial Automotive Others

 

 

Key Balance Sheet Items & Indices (Unaudited) 10 *: EBITDA stands for net income or loss before interest, taxes, depreciation, amortization, impairment and investment gain or lo ss as well as other items. (NT$ million) Sept. 30, 2025 Jun. 30, 2025 Cash and cash equivalent $75,142 $72,785 Financial assets - current 8,270 4,118 Financial assets - non current & investments - equity method 41,678 38,409 Property, plant & equipment 397,195 364,849 Total assets 842,644 765,175 Short-term loans & short-term bills payable 59,976 40,369 Current portion of bonds payable 3,499 8,499 Current portion of long-term loans 4,338 4,431 Bonds payable 17,370 16,668 Long-term loans & long-term bills payable 201,577 162,326 Total interest bearing debts 295,682 240,132 Total liabilities 503,091 450,240 Total equity (Including non-controlling interest) 339,553 314,935 Quarterly EBITDA* 32,613 27,426 Current ratio 1.13 1.02 Net debt to equity ratio 0.63 0.52

 

 

Equipment Capital Expenditures vs. EBITDA (Unaudited) 11 228 406 603 640 892 992 779 765 811 888 895 843 879 1,095 0 200 400 600 800 1,000 1,200 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 US$ million Capex EBITDA

 

 

Fourth Quarter 2025 Outlook (1/2) Based on our current business outlook and exchange rate assumptions of 1 US dollar to 30 .4 NT dollars (versus 29.7 in 3 rd quarter 2025) , management projects overall performance for the fourth quarter of 2025 to be as follows:  Consolidated • In NT dollar terms, our consolidated 4th quarter revenue should grow by 1 to 2 percent quarter over quarter; • Our consolidated 4th quarter gross margin should increase by 70 to 100 basis points quarter over quarter; • Our consolidated 4th quarter operating margin should increase by 70 to 100 basis points quarter over quarter. 12

 

 

Fourth Quarter 2025 Outlook (2/2)  ATM • In NT dollar terms, our ATM 4th quarter revenue should grow by 3 to 5 percent quarter over quarter; • Our ATM 4th quarter gross margin should increase by 100 to 150 basis points quarter over quarter.  EMS • In NT dollar terms, our EMS 4th quarter revenue should stay flat or decline slightly quarter over quarter; • Our EMS 4th quarter operating margin should be similar to 4th quarter 2024 levels. 13 Based on our current business outlook and exchange rate assumptions of 1 US dollar to 30 .4 NT dollars (versus 29.7 in 3 rd quarter 2025) , management projects overall performance for the fourth quarter of 2025 to be as follows:

 

 

Thank you

 

 

Appendix 1 Consolidated Statements of Comprehensive Income (Unaudited) 15 (NT$ thousand) Q1/ 2025 1&2 Q2/ 2025 1&2 Q3/ 2025 1&2 Revenues 148,153,262 150,750,323 168,568,888 COGS 123,260,526 125,062,803 139,692,147 PPA under COGS 557,027 520,681 515,185 Gross profit 24,892,736 25,687,520 28,876,741 Gross profit excl. PPA 25,449,763 26,208,201 29,391,926 OPEX 15,221,435 15,494,438 15,676,044 PPA under OPEX 262,652 260,038 262,807 Operating income 9,671,301 10,193,082 13,200,697 Operating income excl. PPA 10,490,980 10,973,801 13,978,689 Non Op gain/(loss) 138,628 (938,600) 775,540 PPA under Non Op gain/ (loss) 61 959 155 Non Op gain/ (loss) excl. PPA 138,689 (937,641) 775,695 Pretax income 9,809,929 9,254,483 13,976,238 PPA under Pretax income 819,740 781,678 778,147 Pretax income excl. PPA 10,629,669 10,036,161 14,754,385 Tax expenses 2,021,624 1,575,805 2,615,170 PPA under Tax expense (12,964) (9,337) (10,837) Tax expense excl. PPA 2,034,588 1,585,142 2,626,007 Non-controlling interests 234,472 157,593 491,305 PPA under Non-controlling interests 8,408 5,811 8,129 Non-controlling interests excl. PPA 242,880 163,404 499,434 Net income attributable to shareholders of the parent 7,553,833 7,521,085 10,869,763 PPA expenses under Net income attributable to shareholders of the parent 798,368 766,530 759,181 Net income attributable to shareholders of the parent excl. PPA 8,352,201 8,287,615 11,628,944 Total PPA expenses 806,776 772,341 767,310 Basic EPS (NT$) 1.75 1.74 2.50 Basic EPS (NT$) excl. PPA 1.93 1.91 2.68 Diluted EPS (NT$) 1.64 1.70 2.41 Diluted EPS (NT$) excl. PPA 1.82 1.88 2.58 1 : PPA expenses are the P&L impacts from the accounting treatment of purchase price allocation in relation to the ASE/SPIL and AS E/Infineon transaction, which resulted in increased asset values from purchase price premiums in inventory, PP&E, intangibles, right - of - use assets, other asse ts, and deferred tax liability. The PPA expenses excluded are related to depreciation, amortization, other expenses, and income tax benefit $0.77bn in 1Q25, $0.75bn in 2Q25, and $0.74bn in 3Q25. 2 : PPA expenses are the P&L impacts from the accounting treatment of purchase price allocation in relation to the USI/ Asteelflash and USI/ Hirschmann transaction, which resulted in increased asset and liability values from purchase price premiums in inventory, PP&E, intangibles, right - of - us e assets and deferred tax liability. The PPA expenses excluded are related to depreciation, amortization, other expenses and income tax benefit $0.04bn in 1Q25, $0.02 bn in 2Q25, and $0.03bn in 3Q25.

 

FAQ

What were ASE Technology (ASX) Q3 2025 revenues and growth?

Q3 2025 total net revenues were NT$168,569 million, up 12% QoQ and 5% YoY.

What was ASX Q3 2025 EPS and net income?

Basic EPS was NT$2.50 and diluted EPS NT$2.41; net income attributable to shareholders was NT$10,870 million.

How did the ATM and EMS segments perform in Q3 2025 for ASX?

ATM revenue was NT$100,289 million (up 8% QoQ, 17% YoY). EMS revenue was NT$69,022 million (up 17% QoQ, down 8% YoY).

What margins did ASX report in Q3 2025?

Gross margin was 17.1% and operating margin 7.8%.

What is ASE Technology’s Q4 2025 outlook?

Management guides Q4 revenue up 1–2% QoQ, gross margin up 70–100 bps, operating margin up 70–100 bps.

What FX rate underpins ASX’s Q4 2025 guidance?

Guidance assumes US$1 = NT$30.4.

What key balance sheet figures did ASX report as of Sept. 30, 2025?

Cash was NT$75,142 million and total interest-bearing debts NT$295,682 million; current ratio 1.13.
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