# ASE Technology Holding Co., Ltd. (ASX) - Recent Events ASE files Form 6-K as a foreign private issuer. Amounts below are converted from New Taiwan dollars to US dollars at the average rate the company itself states for each period (31.96 TWD per US dollar for the third quarter of 2026, 29.74 for the third quarter of 2025). Percentage changes in US dollars therefore differ from the company's New Taiwan dollar growth rates, which are shown alongside. Amounts the company reports in US dollars (capital expenditure, monthly revenue, the bond offering, per-ADS earnings) are shown as filed. Each ADS represents two common shares. ## Filings that contain financial statements - **6-K, October 29, 2026, accession 0000950103-26-016324**: unaudited consolidated results for the third quarter and nine months ended September 30, 2026. Holds the consolidated and segment (ATM, EMS) income statements, the consolidated balance sheet as of September 30, 2026 and June 30, 2026, and the consolidated cash flow statement for the three and nine months, with comparatives. The June 30, 2026 and nine-month 2026 columns are labelled "Retrospectively Adjusted". - **6-K, October 29, 2026, accession 0000950103-26-016323**: the third-quarter earnings presentation, with quarterly income statement comparisons, an appendix of quarterly comprehensive income through Q3 2026, and the fourth-quarter outlook. A presentation, not full statements. - **6-K, July 30, 2026, accession 0000950103-26-011351**: unaudited second-quarter 2026 results release (income statement, balance sheet and cash flow summaries). Accession 0000950103-26-011353, filed the same day, is the matching presentation. - **6-K, April 29, 2026, accession 0000950103-26-006339**: unaudited first-quarter 2026 results release. Accession 0000950103-26-006340, filed the same day, is the matching presentation. - **6-K, August 3, 2026, accession 0001193125-26-329634**: reviewed consolidated financial statements with notes for the three months ended March 31, 2025 and 2026, with the independent auditors' review report (full statements: balance sheet, comprehensive income, changes in equity, cash flows, notes). - **Form 20-F, April 1, 2026, accession 0001193125-26-135585**: audited annual report for fiscal 2025. ## Third-quarter 2026 results (October 29, 2026; 6-K 0000950103-26-016324) - Net revenues were $7.64 billion, up 34.8% in US dollars from $5.67 billion a year earlier (up 44.8% in New Taiwan dollars, and up 27.8% sequentially in New Taiwan dollars). - Gross profit was $1.69 billion (gross margin 22.1%, from 21.0% in the second quarter and 17.1% a year earlier). Operating income was $1.04 billion (operating margin 13.6%, from 11.1% in the second quarter), up 133.6% in US dollars (151.1% in New Taiwan dollars). - Net income attributable to shareholders of the parent was $844.68 million, up from $365.50 million a year earlier (up 148.4% in New Taiwan dollars). Basic earnings were $0.384 per ADS and diluted $0.365 per ADS, against $0.168 and $0.162 a year earlier. - Packaging and testing (ATM) revenue was $4.74 billion, up 40.6% in US dollars (51.0% in New Taiwan dollars); ATM gross margin rose to 30.6% from 27.3% in the second quarter (22.6% a year earlier). Electronic manufacturing services (EMS) revenue was $2.92 billion, up 26.0% in US dollars (35.4% in New Taiwan dollars); EMS gross margin was 8.3%, from 8.9% in the second quarter (9.2% a year earlier). - Operating cash flow was $1.58 billion, against $491.80 million a year earlier. Equipment capital expenditure was US$2,104 million in the quarter (US$2,063 million in ATM, as reported in the supplemental tables), against US$1,695 million in the second quarter (as shown in the presentation chart). Net debt to equity was 0.66 at September 30, 2026, from 0.47 at June 30, 2026, and the current ratio was 1.16. - Customer concentration rose: the five largest customers were about 46% of revenue (44% in the second quarter) on an ATM basis and about 70% (58%) on an EMS basis. Employees rose to 119,346 from 114,558. - Nine-month net revenues were $19.21 billion, up 28.4% in US dollars from $14.96 billion (up 30.3% in New Taiwan dollars). - The release restates the June 30, 2026 quarter and the nine-month figures as "Retrospectively Adjusted"; for example, second-quarter net income attributable to shareholders is $666.82 million here against $666.92 million in the July 30 release (both at 31.59 New Taiwan dollars per US dollar; NT$21,065 million against NT$21,068 million). The release does not give a reason. ## Guidance (6-K 0000950103-26-016323, October 29, 2026) For the fourth quarter of 2026, at an assumed 31.9 TWD per US dollar, management projects, in New Taiwan dollar terms: - Consolidated revenue up 6% to 8% sequentially, gross margin 23% to 24%, operating margin 14.5% to 15.5%. - ATM revenue up 11% to 13% sequentially, with gross margin up 100 to 200 basis points. - EMS revenue roughly flat sequentially, with operating margin around 2%. The prior guidance (6-K 0000950103-26-011353, July 30, 2026) was for third-quarter consolidated revenue growth of 21% to 22%, gross margin of 20.5% to 21.5% and operating margin of 11.5% to 12.5%. Reported third-quarter revenue growth was 27.8% sequentially, with gross margin of 22.1% and operating margin of 13.6%, all above the top of those ranges. ## Capital actions - **August 3, 2026 (6-K 0001193125-26-330709)**: ASE priced an offering of US$1 billion of Currency Linked Zero Coupon Convertible Bonds due 2031, offered outside the United States under Regulation S. Proceeds are to fund capital contributions to subsidiaries for repaying existing bank borrowings and for buying foreign-currency-denominated material. The release announces pricing only; it does not state a closing or settlement date. The September 30, 2026 balance sheet shows bonds payable higher than at June 30, 2026. - **Dividends**: on March 27, 2026 the board resolved a cash dividend of NT$6.6 per common share, or $0.41 per ADS (two shares) at 31.94 (Form 20-F, accession 0001193125-26-135585, Note 38b). Separately, the third-quarter cash flow statement (6-K 0000950103-26-016324) shows dividends paid of $906.07 million (NT$28,958 million at 31.96) in the quarter, with none in the second quarter. The filings do not tie that payment to the March 2026 resolution. - **April 2026 board actions (6-K 0001193125-26-329634, Note 37)**, converted at the April 2026 average rate of 31.68 NT$ per US$: the board of ASE resolved to issue its first unsecured domestic corporate bonds of up to $631.35 million (NT$20,000,000 thousand), maturity up to 10 years, coupon not above 2.20%. The ASE board approved buying plants and facilities in the Southern Taiwan Science Park for about $468.78 million (NT$14,850,000 thousand, excluding tax), and the SPIL board approved two more purchases there for about $204.56 million and $136.37 million (NT$6,480,000 thousand and NT$4,320,000 thousand, excluding tax). - **March 24, 2026**: the SPIL board approved buying a factory building in Xinshi District, Tainan, for $197.78 million (NT$6,325,000 thousand; rate 31.98; Form 20-F, accession 0001193125-26-135585, Note 38a). ## Earlier 2026 results - **July 30, 2026 (6-K 0000950103-26-011351 and -011353)**: second-quarter net revenues were $6.05 billion (NT$191,064 million at the release's 31.59), up 26.7% year over year and 10.0% sequentially, with gross margin 21.0%, operating margin 11.1% and basic earnings of US$0.304 per ADS. The presentation said ATM growth momentum was expected to continue into the second half and that leading-edge advanced packaging (LEAP) revenue was tracking ahead of the earlier guidance of US$3.5 billion. - **April 29, 2026 (6-K 0000950103-26-006339 and -006340)**: first-quarter net revenues were $5.51 billion (NT$173,662 million at the release's 31.53), up 17% year over year, with operating margin of 10.1%. Guidance for the second quarter was consolidated revenue growth of 7% to 9% sequentially. ## Monthly revenue releases (6-Ks) Consolidated net revenues, as reported in US dollars: April 2026 US$1,957 million (0000950103-26-007005, amended from 0000950103-26-006979, filed May 8, 2026); May US$2,001 million (0000950103-26-008681); June US$2,092 million (0000950103-26-010427); July US$2,309 million (0000950103-26-012092); August US$2,556 million (0000950103-26-013682); September US$2,777 million, up 39.2% year over year (0000950103-26-015458, filed October 13, 2026). Monthly revenue has risen each month since April. ## Acquisitions and divestitures Both acquisitions below are closed. - **EugenLight Technologies (closed January 15, 2026; 6-K 0001193125-26-329634, Notes 29 and 30)**: Universal Optoelectronics, an ASE subsidiary, acquired 65.47% of EugenLight, a Chengdu maker of optoelectronic integrated devices and optical engines, accounted for as a business combination. The cash consideration of $46.64 million (NT$1,472,270 thousand at 31.57) bought EugenLight's shares and convertible bonds and was fully paid by March 31, 2026. Goodwill was recognized provisionally. In March 2026 Universal Optoelectronics bought a further stake for $1.76 million (RMB12,158 thousand at 6.898 per US dollar), which raised ASE's holding in a company it already controlled; EugenLight is a subsidiary. - **Analog Devices Sdn. Bhd. (signed March 2026, closed May 2026; 6-K 0001193125-26-329634, Note 38)**: ASE Electronics (M) Sdn. Bhd. signed a share purchase agreement with Linear Technology Pte Ltd. and acquired 100% of Analog Devices Sdn. Bhd. in May 2026 for a transferred consideration of $115.85 million. The March 27, 2026 board resolution had set the consideration at $108.85 million (Form 20-F, accession 0001193125-26-135585, Note 38c).