ASX

MKT CAP:$70B

ASE Technology Holding Co., Ltd.

Market Cap

$70B

Technology·Semiconductors·🇹🇼 Taiwan·NYSE

Technology·Semiconductors·🇹🇼·NYSE

Stock Price

$32.24+$15.38 (+91.22%)

Apr 24, 2026

Company Details

ASE Technology Holding Co., Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally. It offers packaging services, includin...

CEO

Hung-Pen Chang

IPO Date

Oct 2, 2000

Website

www.aseglobal.com

Key Metrics TTM

Revenue

$19.4B

+4.3% YoY

Net Income

$1.1B

EPS (Diluted)

$0.48

Free Cash Flow

-$614M

Revenue / Share

$8.82

Gross Margin

15.8%

Operating Margin

7.0%

Net Margin

5.5%

FCF Margin

-3.2%

P/S

3.6x

P/E

66.0x

Earnings Reports

Q3 2025

Apr 29, 2026

PENDING

Q2 2025

Jul 31, 2025

$4.5B+1.1%EPS $0.11

Q1 2025

Apr 30, 2025

$4.7B+10.5%EPS $0.10

FY 2024

Mar 27, 2025

$19.2B+5.8%EPS $0.46

Q4 2024

Mar 27, 2025

$5.2B+6.1%EPS $0.13

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$4.8B	$939M	$589M
Q4 21	$5.4B	$1.0B	$625M
Q1 22	$4.7B	$889M	$530M
Q2 22	$5.1B	$1.1B	$667M
Q3 22	$6.2B	$1.2B	$791M
Q4 22	$5.4B	$1.0B	$611M
Q1 23	$4.2B	$578M	$253M
Q2 23	$4.4B	$658M	$310M
Q3 23	$5.0B	$760M	$375M
Q4 23	$4.9B	$749M	$370M
Q1 24	$4.3B	$631M	$241M
Q2 24	$4.5B	$692M	$295M
Q3 24	$5.0B	$775M	$363M
Q4 24	$5.2B	$810M	$368M
Q1 25	$4.7B	$749M	$309M
Q2 25	$4.5B	$724M	$313M

Valuation

Quarter	P/S	P/E
Q3 21	1.0x	13.3x
Q4 21	0.9x	8.4x
Q1 22	0.8x	7.3x
Q2 22	0.7x	5.8x
Q3 22	0.5x	4.4x
Q4 22	0.7x	7.4x
Q1 23	0.8x	9.7x
Q2 23	0.8x	11.3x
Q3 23	0.9x	13.6x
Q4 23	1.0x	18.9x
Q1 24	1.3x	23.4x
Q2 24	1.4x	25.2x
Q3 24	1.1x	20.8x
Q4 24	1.2x	21.3x
Q1 25	1.0x	17.4x
Q2 25	1.2x	20.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$510M	-$75M
Q4 21	$956M	$359M
Q1 22	$874M	$309M
Q2 22	$404M	-$152M
Q3 22	$575M	-$19M
Q4 22	$1.7B	$1.1B
Q1 23	$976M	$493M
Q2 23	$366M	-$36M
Q3 23	$823M	$367M
Q4 23	$1.1B	$786M
Q1 24	$490M	$82M
Q2 24	$467M	-$8M
Q3 24	$601M	-$20M
Q4 24	$1.1B	$121M
Q1 25	$638M	-$523M
Q2 25	$1.1B	-$191M

Capital Expenditures

Quarter	CapEx
Q3 21	$585M
Q4 21	$597M
Q1 22	$565M
Q2 22	$556M
Q3 22	$594M
Q4 22	$570M
Q1 23	$482M
Q2 23	$402M
Q3 23	$456M
Q4 23	$354M
Q1 24	$408M
Q2 24	$475M
Q3 24	$621M
Q4 24	$1.0B
Q1 25	$1.2B
Q2 25	$1.3B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+23.9%	+17.5%
Q4 21	+17.0%	+12.2%
Q1 22	+21.8%	+19.0%
Q2 22	+27.7%	+24.1%
Q3 22	+30.7%	+30.2%
Q4 22	-0.7%	-0.5%
Q1 23	-11.1%	-5.8%
Q2 23	-14.7%	-8.9%
Q3 23	-20.4%	-15.7%
Q4 23	-9.2%	-5.3%
Q1 24	+3.2%	+3.7%
Q2 24	+2.2%	+2.7%
Q3 24	-0.1%	+0.2%
Q4 24	+6.1%	+6.6%
Q1 25	+10.5%	+9.5%
Q2 25	+1.1%	+0.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q3 21	$174M	$176M
Q4 21	$180M	$196M
Q1 22	$173M	$186M
Q2 22	$185M	$215M
Q3 22	$207M	$223M
Q4 22	$212M	$184M
Q1 23	$177M	$149M
Q2 23	$199M	$148M
Q3 23	$217M	$167M
Q4 23	$213M	$167M
Q1 24	$213M	$176M
Q2 24	$226M	$171M
Q3 24	$230M	$182M
Q4 24	$246M	$195M
Q1 25	$242M	$198M
Q2 25	$240M	$172M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$2.7B	$149M	$2.8B
Q2 22	$2.3B	$194M	$2.5B
Q3 22	$1.7B	$306M	$2.0B
Q4 22	$1.8B	$239M	$2.1B
Q1 23	$2.0B	$200M	$2.2B
Q2 23	$1.9B	$223M	$2.1B
Q3 23	$2.0B	$287M	$2.3B
Q4 23	$2.1B	$148M	$2.3B
Q1 24	$2.4B	$266M	$2.6B
Q2 24	$2.1B	$290M	$2.4B
Q3 24	$2.3B	$210M	$2.5B
Q4 24	$2.4B	$297M	$2.7B
Q1 25	$2.4B	$520M	$3.0B
Q2 25	$2.3B	$130M	$2.4B
Q3 25	$2.4B	$262M	$2.6B
Q4 25	$2.9B	$300M	$3.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	2.19B	+0.2%	+2.1%
Q4 21	2.17B	-0.6%	+1.1%
Q1 22	2.17B	-0.1%	-0.4%
Q2 22	2.19B	+0.8%	+0.3%
Q3 22	2.19B	-0.0%	+0.1%
Q4 22	2.15B	-1.9%	-1.2%
Q1 23	2.17B	+1.1%	-0.1%
Q2 23	2.17B	+0.1%	-0.7%
Q3 23	2.17B	+0.1%	-0.6%
Q4 23	2.18B	+0.1%	+1.4%
Q1 24	2.18B	+0.4%	+0.7%
Q2 24	2.19B	+0.3%	+0.9%
Q3 24	2.20B	+0.2%	+1.0%
Q4 24	2.20B	+0.2%	+1.1%
Q1 25	2.20B	0.0%	+0.7%
Q2 25	2.20B	0.0%	+0.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$46.7K	102K
Q4 21	$56.9K	96K
Q1 22	$48.8K	96K
Q2 22	$53.5K	96K
Q3 22	$65.0K	96K
Q4 22	$55.7K	97K
Q1 23	$42.8K	97K
Q2 23	$45.0K	97K
Q3 23	$51.1K	97K
Q4 23	$52.9K	93K
Q1 24	$46.1K	93K
Q2 24	$48.0K	93K
Q3 24	$53.3K	93K
Q4 24	$54.6K	95K
Q1 25	$49.6K	95K
Q2 25	$47.3K	95K

Revenue / Employee