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"cash_flow": { "depreciation_and_amortization": 1588156210, "operating_cash_flow": 2286939821, "capex": 3981209987, "net_cash_from_investing_activities": -4066901408, "net_proceeds_from_borrowings_and_bonds": 2811299616, "net_cash_from_financing_activities": 2100704225, "effect_of_exchange_rate_changes_on_cash": -363988476, "net_change_in_cash": -43245839, "dividends_paid": 737323944, "free_cash_flow": -1694270166 }, "conversion": { "currency": "TWD", "average": { "twd_per_usd": 31.24, "source": "Q3 2026 results release, 6-K accession 0000950103-26-016324, consolidated income statement summary, row 'FX (NTD/USD)': 31.24 for the nine months ended Sep. 30 2025" }, "ads_ratio": 2.0 } }, "conversion": { "currency": "TWD", "average": { "twd_per_usd": 31.69, "source": "Q3 2026 results release, 6-K accession 0000950103-26-016324, consolidated income statement summary, row 'FX (NTD/USD)': 31.69 for the nine months ended Sep. 30 2026" }, "ads_ratio": 2.0 } }, "notes": [ "ASE Technology Holding is a semiconductor assembly and test (packaging and testing) company that also runs an electronic manufacturing services (EMS) business, so the record uses a standard industrial layout: revenue, cost of revenue, gross profit, operating income, net income and per-share earnings; cash, debt, assets and equity; operating cash flow, capital expenditure and free cash flow. Quarterly revenue is also broken down by service line (packaging, testing, EMS, others) as the results release prints it.", "Annual figures (FY2023, FY2024 and FY2025, with balance sheets at December 31, 2024 and 2025) come from the audited consolidated statements in the FY2025 Form 20-F (accession 0001193125-26-135585), prepared under IFRS Accounting Standards and printed in thousands of New Taiwan dollars.", "Quarterly figures (Q3 2026, Q2 2026 and Q3 2025), the nine-month figures for 2026 and 2025, and the balance sheets at September 30 and June 30, 2026 come from the Q3 2026 results release furnished on Form 6-K (accession 0000950103-26-016324). The release presents unaudited summary statements under Taiwan-IFRS, in millions of New Taiwan dollars, and states that its figures may vary materially from the year-end audited statements. The release prints no balance sheet for September 30, 2025, so Q3 2025 carries income statement and cash flow figures only.", "The release labels its Q2 2026 and nine-month 2026 columns 'Retrospectively Adjusted' without explaining the adjustment. The figures here are the adjusted ones as the Q3 2026 release prints them; they differ slightly from the Q2 2026 release (accession 0000950103-26-011351), which reported Q2 2026 net income attributable to shareholders of the parent of NT$21,068 million against NT$21,065 million here.", "Net income is profit attributable to shareholders of the parent, the figure earnings per share is based on. Profit including non-controlling interests is shown separately.", "Per-share figures are stated per ADS (one ADS represents two common shares): the earnings per common share the filings print, in New Taiwan dollars, multiplied by two and converted at the period's rate. The Q3 2026 release's own per-ADS figures (basic US$0.384, diluted US$0.365) agree within rounding. Share counts are common shares, as filed.", "ASE strikes diluted earnings per share on profit reduced by the effect of a subsidiary's potentially dilutive shares (FY2025 20-F Note 27: NT$1,268,608 thousand in 2025, giving NT$38,747,147 thousand of earnings used for diluted EPS). Net income divided by diluted shares therefore runs about 1.4% to 3.2% above the diluted EPS the company reports, across these periods. The annual periods carry that diluted-EPS earnings figure; the results release does not print it for quarters.", "Expenses (cost of revenue, operating expenses, interest expense, finance costs, income tax and the non-controlling interests' share of profit) are stored as positive amounts. Non-operating gains and losses keep their sign. Cash-flow totals are signed, with negative meaning a net outflow; capital expenditure and dividends paid are stored as positive amounts paid.", "Capital expenditure is the cash-flow line 'net payments for property, plant and equipment', meaning payments less disposal proceeds, as the results release prints it. For the annual periods it is derived the same way from the 20-F: for FY2025, payments of NT$164,642,502 thousand less proceeds of NT$2,493,114 thousand. Gross payments and proceeds are also shown for the annual periods. This is a different measure from the 'equipment capital expenditures' the release quotes in US dollars (US$2,104 million for Q3 2026).", "Free cash flow is operating cash flow less that net capital expenditure. ASE does not report free cash flow. It is negative in Q3 2026, Q2 2026, Q3 2025 and FY2025 because property, plant and equipment spending exceeded operating cash flow.", "Total debt excludes lease liabilities. For the annual balance sheets it is short-term borrowings, short-term bills payable, short-term bank loans designated as hedging instruments (shown on the balance sheet as 'financial liabilities for hedging - current'; Note 20 shows they are bank loans), the current portions of bonds and long-term borrowings, bonds payable and long-term borrowings. For the quarterly balance sheets it is the release's short-term borrowings (bank loans and bills payable), long-term debts current portion, bonds payable and long-term borrowings. The release's short-term borrowings include the bank loans designated as hedging instruments, so quarterly and annual total debt are on the same footing: the Q1 2026 results release (accession 0000950103-26-006339) prints December 31, 2025 short-term borrowings of NT$43,328 million, which equals the FY2025 20-F's short-term borrowings (NT$31,825,453 thousand), short-term bills payable (NT$2,220,419 thousand) and financial liabilities for hedging - current (NT$9,282,400 thousand) combined.", "The results release summarises its statements more than the 20-F does. It reports selling, general and administrative expense as one line (for the annual periods that line is the 20-F's selling and marketing plus general and administrative expenses), reports intangible assets including goodwill, and reports 'gain on equity-method investments - net' instead of the 20-F's share of profit of associates and joint ventures. The two are kept under separate names because they may not cover the same items. In the 20-F, operating income includes other operating income and expenses, net.", "The Q3 2026 weighted average basic share count (4,403,114,522) and the 4,488,092,493 shares outstanding at September 30, 2026 (which include treasury shares held by subsidiaries) are taken from the release's text.", "No stock split affects these periods." ], "uncertainties": [ "The quarterly and nine-month figures come from an unaudited Taiwan-IFRS results release, while the annual figures come from audited IFRS statements. The two bases are not guaranteed to match, and the 2026 quarters may differ from the figures in the FY2026 annual report.", "The release does not explain the retrospective adjustment to its Q2 2026 and nine-month 2026 columns.", "The release's NTD/USD rates are treated as period averages, since that is how the company uses them to state per-ADS earnings. The release does not define them. They are close to the Federal Reserve H.10 average for the same periods (for Q3 2026, 31.96 against an H.10 average of about 32.00).", "No trailing-twelve-month view is presented, because it would combine audited IFRS annual figures with unaudited Taiwan-IFRS release figures." ], "headline": { "period": "Q3 FY2026", "period_end_words": "September 30, 2026", "metrics": [ { "label": "Revenue", "format": "usd", "value": 7639580726, "text": "$7.64 billion", "exact": "$7,639,580,726", "compact": "$7.64B", "abs": "$7.64 billion", "prior_value": 5668090114, "prior": "$5.67 billion", "priorabs": "$5.67 billion", "yoy": "up 34.8%", "source": { "array": "quarterly", "field": "income_statement.revenue", "index": 0, "period_label": "Q3 2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0000950103-26-016324", "prior_index": 2, "prior_period_label": "Q3 2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0000950103-26-016324", "gap_days": 365 } }, { "label": "Net income", "format": "usd", "value": 844680851, "text": "$844.68 million", "exact": "$844,680,851", "compact": "$844.68M", "abs": "$844.68 million", "prior_value": 365501009, "prior": "$365.50 million", "priorabs": "$365.50 million", "yoy": "up 131.1%", "source": { "array": "quarterly", "field": "income_statement.net_income", "index": 0, "period_label": "Q3 2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0000950103-26-016324", "prior_index": 2, "prior_period_label": "Q3 2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0000950103-26-016324", "gap_days": 365 } }, { "label": "Diluted EPS per ADS", "format": "eps", "value": 0.3655, "text": "$0.37", "exact": "$0.37", "compact": "$0.37", "abs": "$0.37", "prior_value": 0.1621, "prior": "$0.16", "priorabs": "$0.16", "yoy": "up 125.5%", "source": { "array": "quarterly", "field": "income_statement.diluted_eps", "index": 0, "period_label": "Q3 2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0000950103-26-016324", "prior_index": 2, "prior_period_label": "Q3 2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0000950103-26-016324", "gap_days": 365 } }, { "label": "Operating income", "format": "usd", "value": 1036983730, "text": "$1.04 billion", "exact": "$1,036,983,730", "compact": "$1.04B", "abs": "$1.04 billion", "prior_value": 443880296, "prior": "$443.88 million", "priorabs": "$443.88 million", "yoy": "up 133.6%", "source": { "array": "quarterly", "field": "income_statement.operating_income", "index": 0, "period_label": "Q3 2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0000950103-26-016324", "prior_index": 2, "prior_period_label": "Q3 2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0000950103-26-016324", "gap_days": 365 } }, { "label": "Capital expenditure", "format": "usd", "value": 3937797247, "text": "$3.94 billion", "exact": "$3,937,797,247", "compact": "$3.94B", "abs": "$3.94 billion", "prior_value": 1510423672, "prior": "$1.51 billion", "priorabs": "$1.51 billion", "yoy": "up 160.7%", "source": { "array": "quarterly", "field": "cash_flow.capex", "index": 0, "period_label": "Q3 2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0000950103-26-016324", "prior_index": 2, "prior_period_label": "Q3 2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0000950103-26-016324", "gap_days": 365 } } ], "summary": "ASE Technology Holding reported revenue of $7.64 billion for Q3 FY2026, the quarter ended September 30, 2026, up 34.8% from a year earlier in US dollar terms, and net income attributable to shareholders of $844.68 million, up 131.1%, or $0.37 per diluted ADS. The gain came from operations: operating income was $1.04 billion, up 133.6%, led by its packaging and testing business, where computing applications took a larger share of revenue. Net payments for property, plant and equipment reached $3.94 billion, up 160.7% and well above the quarter's operating cash flow.", "qa": [ { "q": "How much revenue did ASE Technology report in Q3 FY2026?", "a": "ASE Technology Holding reported revenue of $7.64 billion for Q3 FY2026, the quarter ended September 30, 2026. In US dollar terms that is up 34.8% from $5.67 billion in the same quarter a year earlier." }, { "q": "What was ASE Technology's net income in Q3 FY2026?", "a": "ASE Technology Holding's net income attributable to shareholders was $844.68 million for Q3 FY2026, up 131.1% from $365.50 million a year earlier in US dollar terms. Operating income rose to $1.04 billion from $443.88 million, so the increase came from the business rather than from non-operating gains." }, { "q": "What were ASE Technology's earnings per ADS in Q3 FY2026?", "a": "ASE Technology Holding earned $0.37 per diluted ADS in Q3 FY2026, up 125.5% from $0.16 a year earlier." }, { "q": "How much is ASE Technology spending on capital expenditure?", "a": "ASE Technology Holding's net payments for property, plant and equipment were $3.94 billion in Q3 FY2026, up 160.7% from $1.51 billion a year earlier in US dollar terms, and more than its operating cash flow for the quarter." } ] }, "company_details": { "Name": "ASE Technology Holding Co., Ltd.", "Ticker": "ASX", "CIK": "0001122411", "Exchange": "NYSE", "State": "", "Country": "Taiwan", "Incorporation": "Taiwan", "SIC": "3674", "Office": "Manufacturing", "Industry": "Semiconductors & Related Devices" }, "next_filing": { "predicted_date": "2027-03-31", "predicted_type": "20-F" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-09-30", "form": "6-K", "accession": "0000950103-26-016324", "fiscal_year_end": "1231", "source": "derived" }, "source_filings": [ { "role": "annual", "current": false, "form": "20-F", "fiscal_year": 2025, "fiscal_period": "FY", "tag": "FY25", "period_end": "2025-12-31", "filed": "2026-04-01", "accession": "0001193125-26-135585", "url": "https://www.sec.gov/Archives/edgar/data/1122411/000119312526135585/d50802d20f.htm", "source": "reported" }, { "role": "quarterly", "current": true, "form": "6-K", "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-09-30", "filed": "2026-10-29", "accession": "0000950103-26-016324", "url": "https://www.sec.gov/Archives/edgar/data/1122411/000095010326016324/0000950103-26-016324-index.htm", "source": "derived" } ], "figure_sources": { "about": "Where each figure in this file is printed in its SEC filing. 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"equity_attributable_to_shareholders_of_the_parent": "d1#ixv-116039", "noncontrolling_interests": "d1#ixv-116042", "total_equity": "d1#ixv-116045" } }, { "period_end": "2023-12-31", "income_statement": { "revenue": "d1#ixv-116051", "cost_of_revenue": "d1#ixv-116055", "gross_profit": "d1#ixv-116059", "selling_and_marketing": "d1#ixv-116063", "general_and_administrative": "d1#ixv-116067", "research_and_development": "d1#ixv-116071", "total_operating_expenses": "d1#ixv-116075", "other_operating_income_and_expenses_net": "d1#ixv-116079", "operating_income": "d1#ixv-116083", "other_income": "d1#ixv-116087", "other_gains_and_losses": "d1#ixv-116091", "finance_costs": "d1#ixv-116095", "share_of_profit_of_associates_and_joint_ventures": "d1#ixv-116099", "total_non_operating_income_and_expenses": "d1#ixv-116103", "income_before_tax": "d1#ixv-116107", "income_tax_expense": "d1#ixv-116111", "net_income_including_noncontrolling_interests": "d1#ixv-116115", "net_income": "d1#ixv-116171", "net_income_attributable_to_noncontrolling_interests": "d1#ixv-116175", "net_income_used_for_diluted_eps": "d1#ixv-120281", "basic_eps": "d1#ixv-116195", "diluted_eps": "d1#ixv-116199", "weighted_average_shares_basic": "d1#ixv-120285", "weighted_average_shares_diluted": "d1#ixv-120297" }, "cash_flow": { "depreciation_expense": "d1#ixv-116549", "amortization_expense": "d1#ixv-116553", "operating_cash_flow": "d1#ixv-116685", "payments_for_property_plant_and_equipment_gross": "d1#ixv-116717", "proceeds_from_disposal_of_property_plant_and_equipment": "d1#ixv-116721", "net_cash_from_investing_activities": "d1#ixv-116769", "dividends_paid": "d1#ixv-116809", "net_cash_from_financing_activities": "d1#ixv-116825", "effect_of_exchange_rate_changes_on_cash": "d1#ixv-116829", "net_change_in_cash": "d1#ixv-116833", "depreciation_and_amortization": "d1#ixv-119738" } } ] } }