ASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the Fourth Quarter and the Full Year of 2025
TAIPEI, Feb. 5, 2026 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE: ASX) ("We", "ASEH", or the "Company"), the leading provider of semiconductor assembly and testing services ("ATM") and the provider of electronic manufacturing services ("EMS"), today reported its unaudited[ 1 ]net revenues of NT$177,915 million for 4Q25, up by 9.6% year-over-year and up by 5.5% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$14,713 million, up from NT$9,312 million in 4Q24 and up from NT$10,870 million in 3Q25. Basic earnings per share for the quarter were NT$3.37 (or US$0.219 per ADS), compared to NT$2.15 for 4Q24 and NT$2.50 for 3Q25. Diluted earnings per share for the quarter were NT$3.24 (or US$0.210 per ADS), compared to NT$2.07 for 4Q24 and NT$2.41 for 3Q25.
For the full year of 2025, the Company reported unaudited net revenues of NT$645,388 million and net income attributable to shareholders of the parent of NT$40,658 million. Basic earnings per share for the full year of 2025 were NT$9.37 (or US$0.601 per ADS). Diluted earnings per share for the full year of 2025 were NT$8.89 (or US$0.571 per ADS).
RESULTS OF OPERATIONS
4Q25 Results Highlights – Consolidated
Total non-operating income for the quarter was NT$570 million.
4Q25 Results Highlights – ATM
4Q25 Results Highlights – EMS
2025 Full-Year Results Highlights – Consolidated
2025 Full-Year Results Highlights – ATM
2025 Full-Year Results Highlights – EMS
LIQUIDITY AND CAPITAL RESOURCES
BUSINESS REVIEW
Customers
ATM BASIS
EMS BASIS
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.
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 Taiwan, China, South Korea, Japan, Singapore, Malaysia, Philippines, Vietnam, Mexico, and Tunisia as well as the United States and Europe, ASEH has established a reputation for reliable, high quality products and services.
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 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 press release. 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 press release. 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. The announced results of the full year of 2025 are preliminary and subject to audit adjustments. 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.
Supplemental Financial Information
(Unaudited)
Consolidated Operations
4Q25
3Q25
4Q24
EBITDA [2] (NT$ million)
38,344
32,613
28,797
ATM Operations
4Q25
3Q25
4Q24
Net Revenues (NT$ million)
109,707
100,289
88,363
Revenues by Application
Communication
45 %
45 %
53 %
Computing
25 %
25 %
17 %
Automotive, Consumer & Others
30 %
30 %
30 %
Revenues by Type
Bumping, Flip Chip, WLP & SiP
49 %
48 %
47 %
Wirebonding
24 %
26 %
27 %
Others
7 %
6 %
7 %
Testing
19 %
18 %
18 %
Material
1 %
2 %
1 %
Capacity & EBITDA
Equipment CapEx (US$ million)
704
736
616
EBITDA 2 (NT$ million)
34,451
27,969
24,845
Number of Wirebonders
25,001
25,120
25,328
Number of Testers
7,359
7,066
6,300
EMS Operations
4Q25
3Q25
4Q24
Net Revenues (NT$ million)
68,991
69,022
74,895
Revenues by Application
Communication
30 %
30 %
37 %
Computing
11 %
9 %
9 %
Consumer
36 %
40 %
33 %
Industrial
13 %
12 %
11 %
Automotive
8 %
7 %
8 %
Others
2 %
2 %
2 %
Capacity
Equipment CapEx (US$ million)
28
40
24
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 year ended
Dec. 31
2025
Sep. 30
2025
Dec. 31
2024
Dec. 31
2025
Dec. 31
2024
Net revenues
Packaging
86,465
79,806
70,285
308,343
261,732
Testing
20,863
18,420
15,713
71,900
54,562
EMS
68,555
68,405
74,243
257,193
271,293
Others
2,032
1,938
2,023
7,952
7,823
Total net revenues
177,915
168,569
162,264
645,388
595,410
Cost of revenues
(143,179)
(139,692)
(135,633)
(531,195)
(498,478)
Gross profit
34,736
28,877
26,631
114,193
96,932
Operating expenses
Research and development
(8,960)
(8,308)
(7,676)
(32,852)
(28,830)
Selling, general and administrative
(8,086)
(7,368)
(7,744)
(30,585)
(28,935)
Total operating expenses
(17,046)
(15,676)
(15,420)
(63,437)
(57,765)
Operating income
17,690
13,201
11,211
50,756
39,167
Net non-operating income and expenses
Interest expense - net
(1,712)
(1,428)
(1,308)
(5,599)
(4,864)
Foreign exchange gain (loss) - net
(2,992)
(3,790)
(2,787)
3,428
(5,539)
Gain on valuation of financial assets and liabilities - net
4,376
5,191
4,017
341
9,833
Gain (Loss) on equity-method investments - net
257
294
(133)
814
868
Others - net
641
508
441
1,561
2,219
Total non-operating income and expenses
570
775
230
545
2,517
Income before tax
18,260
13,976
11,441
51,301
41,684
Income tax expense
(3,248)
(2,615)
(1,862)
(9,461)
(7,758)
Income from operations and before non-controlling interests
15,012
11,361
9,579
41,840
33,926
Non-controlling interests
(299)
(491)
(267)
(1,182)
(1,443)
Net income attributable to shareholders of the parent
14,713
10,870
9,312
40,658
32,483
Per share data:
Earnings per share
– Basic
NT$3.37
NT$2.50
NT$2.15
NT$9.37
NT$7.52
– Diluted
NT$3.24
NT$2.41
NT$2.07
NT$8.89
NT$7.23
Earnings per equivalent ADS
– Basic
US$0.219
US$0.168
US$0.134
US$0.601
US$0.470
– Diluted
US$0.210
US$0.162
US$0.129
US$0.571
US$0.452
Number of weighted average shares used in diluted EPS calculation (in thousand shares)
4,462,335
4,419,121
4,399,409
4,429,553
4,392,013
FX (NTD/USD)
30.88
29.74
32.16
31.15
32.00
ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million)
(Unaudited)
For the three months ended
For the year ended
Dec. 31
2025
Sep. 30
2025
Dec. 31
2024
Dec. 31
2025
Dec. 31
2024
Net revenues:
Packaging
87,397
80,602
71,342
311,799
265,858
Testing
20,863
18,420
15,713
71,900
54,562
Direct material
1,352
1,190
1,233
5,191
5,130
Others
95
77
75
338
325
Total net revenues
109,707
100,289
88,363
389,228
325,875
Cost of revenues
(80,883)
(77,592)
(67,754)
(297,848)
(252,712)
Gross profit
28,824
22,697
20,609
91,380
73,163
Operating expenses:
Research and development
(7,182)
(6,695)
(6,047)
(26,240)
(22,438)
Selling, general and administrative
(5,561)
(5,140)
(5,127)
(21,045)
(18,739)
Total operating expenses
(12,743)
(11,835)
(11,174)
(47,285)
(41,177)
Operating income
16,081
10,862
9,435
44,095
31,986
ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million)
(Unaudited)
For the three months ended
For the year ended
Dec. 31
2025
Sep. 30
2025
Dec. 31
2024
Dec. 31
2025
Dec. 31
2024
Net revenues
68,991
69,022
74,895
259,079
272,550
Cost of revenues
(62,752)
(62,643)
(68,713)
(235,384)
(248,135)
Gross profit
6,239
6,379
6,182
23,695
24,415
Operating expenses
Research and development
(1,813)
(1,671)
(1,673)
(6,787)
(6,542)
Selling, general and administrative
(2,467)
(2,167)
(2,523)
(9,286)
(9,883)
Total operating expenses
(4,280)
(3,838)
(4,196)
(16,073)
(16,425)
Operating income
1,959
2,541
1,986
7,622
7,990
ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million)
(Unaudited)
As of Dec. 31, 2025
As of Sep. 30, 2025
Current assets
Cash and cash equivalents
92,469
75,142
Financial assets – current
9,514
8,270
Trade receivables
125,042
125,663
Inventories
69,383
66,182
Others
17,387
18,823
Total current assets
313,795
294,080
Financial assets - non-current & investments - equity -method
45,677
41,678
Property, plant and equipment
421,115
397,195
Right-of-use assets
12,636
12,725
Intangible assets
64,807
65,439
Others
31,303
31,527
Total assets
889,333
842,644
Current liabilities
Short-term borrowings [3]
43,328
59,976
Long-term debts - current portion
6,688
7,837
Trade payables
88,754
90,442
Others
105,579
101,298
Total current liabilities
244,349
259,553
Bonds payable
11,468
17,370
Long-term borrowings [3]
202,613
201,577
Other liabilities
57,536
24,591
Total liabilities
515,966
503,091
Equity attributable to shareholders of the parent
346,900
317,043
Non-controlling interests
26,467
22,510
Total liabilities & shareholders' equity
889,333
842,644
Current ratio
1.28
1.13
Net debt to equity ratio
0.46
0.63
ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million)
(Unaudited)
For the three months ended
For the year ended
Dec. 31
2025
Sep. 30
2025
Dec. 31
2024
Dec. 31
2025
Dec. 31
2024
Cash Flows from Operating Activities
Income before tax
18,260
13,976
11,441
51,301
41,684
Depreciation & amortization
17,825
16,992
15,360
67,440
59,815
Other operating activities items
34,720
(16,342)
8,444
23,508
(10,711)
Net cash generated from operating activities
70,805
14,626
35,245
142,249
90,788
Cash Flows from Investing Activities
Net payments for property, plant
and equipment
(37,776)
(44,920)
(31,546)
(162,149)
(78,614)
Other investment activities items
(818)
(996)
(11)
(3,495)
(5,295)
Net cash used in investing activities
(38,594)
(45,916)
(31,557)
(165,644)
(83,909)
Cash Flows from Financing Activities
Total net proceeds from (repayment of) borrowings and bonds
(20,783)
49,518
(1,952)
67,043
16,487
Dividends paid
-
(23,034)
-
(23,034)
(22,460)
Other financing activities items
426
1,234
(121)
1,260
(1,298)
Net cash generated from (used in) financing activities
(20,357)
27,718
(2,073)
45,269
(7,271)
Foreign currency exchange effect
5,473
5,929
3,167
(5,898)
9,601
Net increase in cash and cash equivalents
17,327
2,357
4,782
15,976
9,209
Cash and cash equivalents at the beginning of period
75,142
72,785
71,711
76,493
67,284
Cash and cash equivalents at the end of period
92,469
75,142
76,493
92,469
76,493
Investor Relations Contact
[email protected]
Tel: +886.2.6636.5678
https://www.aseglobal.com
SOURCE ASE Technology Holding Co., Ltd.