ASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the First Quarter of 2026

TAIPEI, April 29, 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$173,662 million for 1Q26, up by 17.2% year-over-year and down by 2.4% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$14,148 million, up from NT$7,554 million in 1Q25 and down from NT$14,713 million in 4Q25. Basic earnings per share for the quarter were NT$3.24 (or US$0.205 per ADS), compared to NT$1.75 for 1Q25 and NT$3.37 for 4Q25. Diluted earnings per share for the quarter were NT$3.08 (or US$0.195 per ADS), compared to NT$1.64 for 1Q25 and NT$3.24 for 4Q25.

RESULTS OF OPERATIONS

1Q26 Results Highlights – Consolidated

1Q26 Results Highlights – ATM

1Q26 Results Highlights – EMS

LIQUIDITY AND CAPITAL RESOURCES

BUSINESS REVIEW

Customers

ATM BASIS

EMS BASIS

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, the 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. 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 2025 Annual Report on Form 20-F filed on April 1, 2026.

Supplemental Financial Information

(Unaudited)

Consolidated Operations

1Q26

4Q25

1Q25

EBITDA [2] (NT$ million)

38,165

38,344

27,628

ATM Operations

1Q26

4Q25

1Q25

Net Revenues (NT$ million)

112,434

109,707

88,668

Revenues by Application

Communication

43 %

45 %

48 %

Computing

27 %

25 %

22 %

Automotive, Consumer & Others

30 %

Revenues by Type

Bumping, Flip Chip, WLP & SiP

49 %

46 %

Wirebonding

24 %

28 %

Others

7 %

6 %

Testing

19 %

18 %

Material

1 %

2 %

Capacity & EBITDA

Equipment CapEx (US$ million)

963

704

869

EBITDA 2 (NT$ million)

34,524

34,451

24,146

Number of Wirebonders

24,926

25,001

25,222

Number of Testers

7,585

7,359

6,686

EMS Operations

1Q26

4Q25

1Q25

Net Revenues (NT$ million)

61,875

68,991

62,295

Revenues by Application

Communication

25 %

30 %

33 %

Computing

15 %

11 %

Consumer

35 %

36 %

31 %

Industrial

14 %

13 %

Automotive

9 %

8 %

10 %

Others

2 %

Capacity

Equipment CapEx (US$ million)

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

Mar. 31

2026

Dec. 31

2025

Mar. 31

2025

Net revenues

Packaging

88,981

86,465

68,411

Testing

21,041

20,863

16,004

EMS

61,361

68,555

61,860

Others

2,279

2,032

1,878

Total net revenues

173,662

177,915

148,153

Cost of revenues

(138,812)

(143,179)

(123,260)

Gross profit

34,850

34,736

24,893

Operating expenses

Research and development

(9,210)

(8,960)

(7,579)

Selling, general and administrative

(8,108)

(8,086)

(7,643)

Total operating expenses

(17,318)

(17,046)

(15,222)

Operating income

17,532

17,690

9,671

Net non-operating income and expenses

Interest expense - net

(1,576)

(1,712)

(1,256)

Foreign exchange loss - net

(2,225)

(2,992)

(1,675)

Gain on valuation of financial assets and liabilities - net

3,063

4,376

2,873

Gain on equity-method investments - net

728

257

Others - net

678

641

157

Total non-operating income and expenses

668

570

139

Income before tax

18,200

18,260

9,810

Income tax expense

(3,635)

(3,248)

(2,022)

Income from operations and before non-controlling interests

14,565

15,012

7,788

Non-controlling interests

(417)

(299)

(234)

Net income attributable to shareholders of the parent

14,148

14,713

7,554

Per share data:

Earnings per share

– Basic

NT$3.24

NT$3.37

NT$1.75

– Diluted

NT$3.08

NT$3.24

NT$1.64

Earnings per equivalent ADS

– Basic

US$0.205

US$0.219

US$0.106

– Diluted

US$0.195

US$0.210

US$0.100

Number of weighted average shares used in diluted EPS calculation (in thousand shares)

4,485,186

4,462,335

4,410,238

FX (NTD/USD)

31.53

30.88

32.79

ASE Technology Holding Co., Ltd.

Summary of ATM Statement of Income Data

(In NT$ million)

(Unaudited)

For the three months ended

Mar. 31

2026

Dec. 31

2025

Mar. 31

2025

Net revenues:

Packaging

89,673

87,397

69,360

Testing

21,041

20,863

16,004

Direct Material

1,621

1,352

1,219

Others

Total net revenues

112,434

109,707

86,668

Cost of revenues

(83,236)

(80,883)

(67,057)

Gross profit

29,198

28,824

19,611

Operating expenses:

Research and development

(7,497)

(7,182)

(6,043)

Selling, general and administrative

(5,824)

(5,561)

(5,233)

Total operating expenses

(13,321)

(12,743)

(11,276)

Operating income

15,877

16,081

8,335

ASE Technology Holding Co., Ltd.

Summary of EMS Statement of Income Data

(In NT$ million)

(Unaudited)

For the three months ended

Mar. 31

2026

Dec. 31

2025

Mar. 31

2025

Net revenues

61,875

68,991

62,295

Cost of revenues

(55,981)

(62,752)

(56,767)

Gross profit

5,894

6,239

5,528

Operating expenses:

Research and development

(1,751)

(1,813)

(1,580)

Selling, general and administrative

(2,237)

(2,467)

(2,340)

Total operating expenses

(3,988)

(4,280)

(3,920)

Operating income

1,906

1,959

1,608

ASE Technology Holding Co., Ltd.

Summary of Consolidated Balance Sheet Data

(In NT$ million)

(Unaudited)

As of Mar. 31, 2026

As of Dec. 31, 2025

Current assets

Cash and cash equivalents

87,811

92,469

Financial assets – current

26,141

9,514

Trade receivables

126,007

125,042

Inventories

76,043

69,383

Others

21,696

17,387

Total current assets

337,698

313,795

Financial assets - non-current & investments - equity -method

50,602

45,677

Property, plant and equipment

459,470

421,115

Right-of-use assets

12,265

12,636

Intangible assets

65,042

64,807

Others

32,450

31,303

Total assets

957,527

889,333

Current liabilities

Short-term borrowings [3]

49,724

43,328

Long-term debts - current portion

6,091

6,688

Trade payables

86,898

88,754

Others

151,789

105,579

Total current liabilities

294,502

244,349

Bonds payable

1,999

11,468

Long-term borrowings [ 3]

199,142

202,613

Other liabilities

80,740

57,536

Total liabilities

576,383

515,966

Equity attributable to shareholders of the parent

350,617

346,900

Non-controlling interests

30,527

26,467

Total liabilities & shareholders' equity

957,527

889,333

Current ratio

1.15

1.28

Net debt to equity ratio

0.40

0.46

ASE Technology Holding Co., Ltd.

Summary of Consolidated Statement of Cash Flow Data

(In NT$ million)

(Unaudited)

For the three months ended

Mar. 31

2026

Dec. 31

2025

Mar. 31

2025

Cash Flows from Operating Activities:

Income before tax

18,200

18,260

9,810

Depreciation & amortization

18,648

17,825

16,092

Other operating activities items

(461)

34,720

(5,929)

Net cash generated from operating activities

36,387

70,805

19,973

Cash Flows from Investing Activities:

Net payments for property, plant and equipment

(44,092)

(37,776)

(36,349)

Other investment activities items

(1,653)

(818)

(1,212)

Net cash used in investing activities

(45,745)

(38,594)

(37,561)

Cash Flows from Financing Activities:

Net proceeds from (repayment of) borrowings and bonds

(20,783)

16,149

Other financing activities items

765

426

262

Net cash generated from (used in) financing activities

838

(20,357)

16,411

Foreign currency exchange effect

3,862

5,473

1,784

Net increase (decrease) in cash and cash equivalents

(4,658)

17,327

607

Cash and cash equivalents at the beginning of period

92,469

75,142

76,493

Cash and cash equivalents at the end of period

87,811

92,469

77,100

[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

[email protected]

Tel: +886.2.6636.5678

https://www.aseglobal.com

SOURCE ASE Technology Holding Co., Ltd.