ASE Technology Holding Co., Ltd. (ASX): Financial results for Q3 2026
ASE Technology Holding Co., Ltd. (ASX) furnished an SEC Form 6-K — earnings release. 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 29, 2026 By: /s/ Joseph Tung Name: J
Facts are quoted from the filing text and checked against it. Details that could not be matched to the text are left out.
How this was made
The 30-second read
Why it matters
The Q3 earnings release supplies the first publicly available financial metrics for the quarter, offering traders fresh data to assess valuation and sector positioning.
Market read
The earnings numbers could influence trading in semiconductor equipment stocks and Asian tech indices.
What to watch
The filing notes exposure to cross‑strait political risk and potential regulatory changes that could affect future performance.
Q3 2026 consolidated revenue, gross margin and operating margin increased sequentially and year over year, with fourth-quarter growth and margin expansion projected.
Total net revenues increased 28% QoQ and 45% YoY, while gross margin rose to 22.1% and operating margin rose to 13.6%. Both ATM and EMS reported revenue growth, and management projected further consolidated revenue growth and higher gross margin in Q4 2026.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Total Net Revenues (NT$ million)other | 244,161 | 28% | 45% |
| Gross Profit (NT$ million)other | 53,967 | 34% | 87% |
| Gross Marginother | 22.1% | 34% | 87% |
| Operating Income (Loss) (NT$ million)other | 33,142 | 57% | 151% |
| Operating Marginother | 13.6% | 57% | 151% |
| Pretax Income (Loss) (NT$ million)other | 32,710 | 27% | 134% |
| Income Tax Benefit (Expense) (NT$ million)other | (4,831) | – | – |
| Non-controlling Interests (NT$ million)other | (883) | – | – |
| Net Income Attributable to Shareholders of the Parent (NT$ million)other | 26,996 | 28% | 148% |
| Basic EPS (NT$)other | 6.13 | 28% | 145% |
| Diluted EPS (NT$)other | 5.84 | 27% | 142% |
| Gross profit excl. PPA (NT$ thousand)non-GAAP | 54,488,214 | – | – |
| Operating income excl. PPA (NT$ thousand)non-GAAP | 33,933,592 | – | – |
| Pretax income excl. PPA (NT$ thousand)non-GAAP | 33,504,227 | – | – |
| Net income attributable to shareholders of the parent excl. PPA (NT$ thousand)non-GAAP | 27,762,503 | – | – |
| Basic EPS (NT$) excl. PPAnon-GAAP | 6.31 | – | – |
| Diluted EPS (NT$) excl. PPAnon-GAAP | 6.01 | – | – |
| Quarterly EBITDA (NT$ million)other | 57,963 | – | – |
| Cash and cash equivalent (NT$ million)other | $88.42B | – | – |
| Financial assets - current (NT$ million)other | 19,517 | – | – |
| Financial assets - non current & investments - equity method (NT$ million)other | 70,189 | – | – |
| Property, plant & equipment (NT$ million)other | 621,962 | – | – |
| Total assets (NT$ million)other | 1,244,785 | – | – |
| Total interest bearing debts (NT$ million)other | 406,461 | – | – |
| Total liabilities (NT$ million)other | 790,863 | – | – |
| Total equity (Including non-controlling interest) (NT$ million)other | 453,922 | – | – |
| Current ratioother | 1.16 | – | – |
| Net debt to equity ratioother | 0.66 | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| ATMATM gross profit was 46,412 (NT$ million), gross margin was 30.6%, and operating income was 30,243 (NT$ million). | 150,593 (NT$ million) | 20% | 52% |
| EMSEMS gross profit was 7,793 (NT$ million), gross margin was 8.3%, and operating income was 3,111 (NT$ million). | 92,997 (NT$ million) | 42% | 36% |
| OthersOthers represented 0.2% of consolidated net revenues. | 571 (NT$ million) | -2% | -26% |
| ATM PackagingPackaging represented 81.2% of ATM net revenues. | 122,945 (NT$ million) | 23% | 53% |
| ATM TestingTesting represented 17.4% of ATM net revenues. | 26,302 (NT$ million) | 11% | 43% |
| ATM Direct MaterialDirect Material represented 1.4% of ATM net revenues. | 2,148 (NT$ million) | 4% | 81% |
| ATM OthersOthers represented 0.0% of ATM net revenues. | 90 (NT$ million) | -12% | 17% |
| ATM Operations Total Net RevenuesThe ATM revenue reported here contains revenues eliminated at the holding company level related to intercompany transactions between the ATM & EMS businesses. | 151,485 (NT$ million) | 20% | 51% |
| EMS Operations Net RevenuesEMS gross profit increased 22% YoY and 33% QoQ to 7,793 (NT$ million); operating income increased 22% YoY and 98% QoQ to 3,111 (NT$ million). | 93,469 (NT$ million) | 42% | 35% |
Amounts quoted below without a unit are in millions, as in the filing’s tables. Per-share figures are as printed.
Fourth Quarter 2026 outlook
- RevenueConsolidated 4th quarter revenue should grow by 6 to 8 percent quarter over quarter; ATM 4th quarter revenue should grow by 11 to 13 percent quarter over quarter; EMS 4th quarter revenue should be flattish quarter over quarter.
- Gross marginConsolidated 4th quarter gross margin should be between 23% to 24%; ATM 4th quarter gross margin should increase by 100 to 200 basis points quarter over quarter.
- NoteConsolidated 4th quarter operating margin should be between 14.5% to 15.5%.
- NoteEMS 4th quarter operating margin should be around 2%.
- NoteExchange rate assumption: 1 US dollar to 31.9 NT dollars (versus 31.9 in 3rd quarter 2026).
What drove it
- Consolidated ATM net revenues increased 52% YoY and 20% QoQ to 150,593 (NT$ million).
- Consolidated EMS net revenues increased 36% YoY and 42% QoQ to 92,997 (NT$ million).
- ATM Packaging revenue increased 53% YoY and 23% QoQ to 122,945 (NT$ million).
- ATM Testing revenue increased 43% YoY and 11% QoQ to 26,302 (NT$ million).
- ATM gross margin was 30.6%, compared with 27.3% in Q2 / 2026 and 22.6% in Q3 / 2025.
- EMS operating income was 3,111 (NT$ million), up 98% QoQ and 22% YoY.
Concerns
- EMS gross margin was 8.3%, below 8.9% in Q2 / 2026 and 9.2% in Q3 / 2025.
- Total interest bearing debts were 406,461 (NT$ million) at Sept. 30, 2026, compared with 306,230 (NT$ million) at Jun. 30, 2026.
- Net debt to equity ratio was 0.66 at Sept. 30, 2026, compared with 0.47 at Jun. 30, 2026.
- Other revenue was 571 (NT$ million), down 26% YoY and 2% QoQ.
What to watch
- Whether consolidated Q4 2026 revenue grows by 6 to 8 percent quarter over quarter.
- Whether ATM Q4 2026 revenue grows by 11 to 13 percent quarter over quarter and its gross margin increases by 100 to 200 basis points quarter over quarter.
- Whether consolidated Q4 2026 gross margin reaches 23% to 24% and operating margin reaches 14.5% to 15.5%.
- Whether EMS Q4 2026 revenue is flattish quarter over quarter and operating margin is around 2%.
- Total interest bearing debts, which were 406,461 (NT$ million) at Sept. 30, 2026.
Balance sheet and cash flow
- Cash and cash equivalent was $88,421 (NT$ million) at Sept. 30, 2026, versus $91,292 (NT$ million) at Jun. 30, 2026.
- Total interest bearing debts were 406,461 (NT$ million) at Sept. 30, 2026, versus 306,230 (NT$ million) at Jun. 30, 2026.
- Bonds payable were 42,201 (NT$ million), versus 14,985 (NT$ million).
- Long-term loans & long-term bills payable were 276,633 (NT$ million), versus 209,603 (NT$ million).
- Property, plant & equipment was 621,962 (NT$ million), versus 517,715 (NT$ million).
- Quarterly EBITDA was 57,963 (NT$ million), versus 45,779 (NT$ million).
- Current ratio was 1.16, versus 1.07. Net debt to equity ratio was 0.66, versus 0.47.
Analysis
ASE Technology reported a strong Q3 2026. Total net revenues were 244,161 (NT$ million), up 28% QoQ and 45% YoY. Gross profit was 53,967 (NT$ million), up 34% QoQ and 87% YoY, while gross margin reached 22.1%, compared with 21.0% in Q2 / 2026 and 17.1% in Q3 / 2025. Operating income was 33,142 (NT$ million), up 57% QoQ and 151% YoY, and operating margin improved to 13.6% from 11.1% and 7.8%, respectively.
ATM was the principal contributor to growth. Consolidated ATM revenue reached 150,593 (NT$ million), up 20% QoQ and 52% YoY. Within ATM operations, Packaging revenue was 122,945 (NT$ million), up 23% QoQ and 53% YoY, while Testing revenue was 26,302 (NT$ million), up 11% QoQ and 43% YoY. ATM gross margin expanded to 30.6% from 27.3% in Q2 / 2026 and 22.6% in Q3 / 2025, and ATM operating income increased 53% QoQ and 178% YoY to 30,243 (NT$ million).
EMS revenue also accelerated, with consolidated EMS net revenues of 92,997 (NT$ million), up 42% QoQ and 36% YoY. EMS operating income increased 98% QoQ to 3,111 (NT$ million), but EMS gross margin was 8.3%, compared with 8.9% in Q2 / 2026 and 9.2% in Q3 / 2025. Net income attributable to shareholders of the parent was 26,996 (NT$ million), up 28% QoQ and 148% YoY. Diluted EPS was 5.84 (NT$), up 27% QoQ and 142% YoY.
The balance sheet reflected higher investment and leverage. Property, plant & equipment was 621,962 (NT$ million) at Sept. 30, 2026, versus 517,715 (NT$ million) at Jun. 30, 2026. Total interest bearing debts were 406,461 (NT$ million), versus 306,230 (NT$ million), and net debt to equity ratio was 0.66 versus 0.47. Cash and cash equivalent was $88,421 (NT$ million), versus $91,292 (NT$ million).
Management projected further Q4 2026 expansion, with consolidated revenue expected to grow by 6 to 8 percent quarter over quarter, consolidated gross margin expected between 23% to 24%, and consolidated operating margin expected between 14.5% to 15.5%. ATM revenue is projected to grow by 11 to 13 percent quarter over quarter, while EMS revenue is expected to be flattish quarter over quarter and EMS operating margin is expected to be around 2%.
Not in the filing
stated, not guessed- Accounting standard was not stated in the provided filing text.
- Operating cash flow was not reported.
- Free cash flow was not reported.
- Share repurchases were not reported.
- Dividends were not reported.
- Capital expenditures were not reported in a tabular Q3 2026 line item.
- A Q3 2026 tax rate was not reported.
- Prior-quarter and prior-year figures were not reported for PPA-excluded metrics as percentage changes.
- Previous-release outlook was not provided; therefore no comparison of actual results with prior guidance is available.
Written by an AI language model from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure is checked against the filing text, and a metric the filing does not print, or whose value, prior period and change do not add up, is dropped from the metrics. The model can still misread a table, in the metrics or in the text, so check a number in the filing before you rely on it. Consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
ASE Technology Holding is a Taiwan‑based provider of semiconductor packaging, testing and electronic manufacturing services, listed on the NYSE under the ticker ASX.
Ticker impact
ASE Technology Holding reported Q3 2026 results with net revenue of NT$244.2 bn, a 28% QoQ increase and EPS of NT$5.84.
likely modest pressure as investors digest the strong revenue growth and higher margins.
The filing is the first public disclosure of Q3 numbers; the sizable revenue jump may attract attention but no explicit guidance change is stated.
Market effects
Strong semiconductor packaging and testing revenue growth could lift peers in the outsourced semiconductor services sector.
Positive earnings from a Taiwan‑based firm may support broader Asian tech sentiment.
Limited; impact confined to semiconductor equipment and services investors.
Counterpoint
Despite revenue growth, rising debt levels and a net debt‑to‑equity of 0.66 may concern value‑focused investors.
Key entities
- companyASE Technology Holding Co., Ltd.
Issuer of the earnings release.
