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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

 April 2026 

 

Commission File Number 001-16125

  

ASE Technology Holding Co., Ltd.

(Translation of registrant’s name into English)

 

 26, Chin 3rd Road

Kaohsiung, Taiwan

Republic of China

(Address of principal executive offices)

   

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F  ☒         Form 40-F ☐    

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  ASE TECHNOLOGY HOLDING CO., LTD.
   
 
 Date: April 29, 2026

By:     /s/ Joseph Tung
    Name:  Joseph Tung
    Title:    Chief Financial Officer

 

 

 

 

 

Investor Relations Contact:

ir@aseglobal.com 

Tel: +886.2.6636.5678 

https://www.aseglobal.com

 

 

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

 

Taipei, April 29, 2026 – 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 unaudited1 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

 

lNet revenues from packaging operations, testing operations, EMS operations, and others represented approximately 51%, 12%, 36%, and 1% of the total net revenues for the quarter, respectively.

 

lCost of revenues was NT$138,812 million for the quarter, down from NT$143,179 million in 4Q25.

 

-Raw material cost totaled NT$79,472 million for the quarter, representing 46% of the total net revenues.

 

-Labor cost totaled NT$20,608 million for the quarter, representing 12% of the total net revenues.

 

-Depreciation, amortization and rental expenses totaled NT$17,276 million for the quarter.

 

lGross margin increased by 0.6 percentage points to 20.1% in 1Q26 from 19.5% in 4Q25.

 

lOperating margin was 10.1% in 1Q26, compared to 9.9% in 4Q25.

 

lNon-operating items:

 

-Net interest expense was NT$1,576 million.

 

-Net gain on foreign exchange hedging activities of NT$838 million.

 

 

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.

 

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-Net gain on equity-method investments was NT$728 million.

 

-Other net non-operating income was NT$678 million, primarily attributable to miscellaneous income.

 

Total non-operating income for the quarter was NT$668 million.

 

lIncome before tax was NT$18,200 million in 1Q26, compared to NT$18,260 million in 4Q25. We recorded income tax expenses of NT$3,635 million for the quarter, compared to NT$3,248 million in 4Q25.

 

lNet income attributable to shareholders of the parent was NT$14,148 million in 1Q26, compared to NT$7,554 million in 1Q25 and NT$14,713 million in 4Q25.

 

lOur total number of shares outstanding at the end of the quarter was 4,460,833,082, including treasury stock owned by our subsidiaries in 1Q26. Our 1Q26 basic earnings per share of NT$3.24 (or US$0.205 per ADS) were based on 4,373,148,411 weighted average number of shares outstanding in 1Q26.  Our 1Q26 diluted earnings per share of NT$3.08 (or US$0.195 per ADS) were based on 4,485,185,933 weighted average number of shares outstanding in 1Q26.

 

1Q26 Results Highlights – ATM

 

lNet revenues were NT$112,434 million for the quarter, up by 29.7% year-over-year and up by 2.5% sequentially.

 

lCost of revenues was NT$83,236 million for the quarter, up by 24.1% year-over-year and up by 2.9% sequentially.

 

-Raw material cost totaled NT$31,784 million for the quarter, representing 28% of the total net revenues.

 

-Labor cost totaled NT$17,084 million for the quarter, representing 15% of the total net revenues.

 

-Depreciation, amortization and rental expenses totaled NT$15,817 million for the quarter.

 

lGross margin decreased by 0.3 percentage points to 26.0% in 1Q26 from 26.3% in 4Q25.

 

lOperating margin was 14.1% in 1Q26, compared to 14.7% in 4Q25.

 

1Q26 Results Highlights – EMS

 

lNet revenues were NT$61,875 million, down by 0.7% year-over-year and down by 10.3% sequentially.

 

lCost of revenues for the quarter was NT$55,981 million, down by 1.4% year-over-year and down by 10.8% sequentially.

 

-Raw material cost totaled NT$48,073 million for the quarter, representing 78% of the total net revenues.

 

-Labor cost totaled NT$3,434 million for the quarter, representing 6% of the total net revenues.

 

-Depreciation, amortization and rental expenses totaled NT$1,215 million for the quarter.

 

lGross margin increased by 0.5 percentage points to 9.5% in 1Q26 from 9.0% in 4Q25.

 

lOperating margin was 3.1% in 1Q26, compared to 2.8% in 4Q25.

 

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LIQUIdiTY AND CAPITAL RESOURCES

 

lEquipment capital expenditures in 1Q26 totaled US$1,003 million, of which US$636 million was used in packaging operations, US$326 million in testing operations, US$40 million in EMS operations and US$1 million in interconnect materials operations and others.

 

lTotal unused credit lines amounted to NT$419,386 million as of March 31, 2026.

 

lCurrent ratio was 1.15 and net debt to equity ratio was 0.40 as of March 31, 2026.

 

lTotal number of employees was 107,950 as of March 31, 2026, compared to 105,947 as of December 31, 2025.

 

Business Review

 

Customers

 

ATM Basis

 

lOur five largest customers together accounted for approximately 43% of our total net revenues in 1Q26, compared to 41% in 4Q25. One customer accounted for more than 10% of our total net revenues in 1Q26.

 

lOur top 10 customers contributed 58% of our total net revenues in both 1Q26 and 4Q25.

 

lOur customers that are integrated device manufacturers or IDMs accounted for 38% of our total net revenues in 1Q26, compared to 35% in 4Q25.

 

EMS Basis

 

lOur five largest customers together accounted for approximately 64% of our total net revenues in 1Q26, compared to 70% in 4Q25. One customer accounted for more than 10% of our total net revenues in 1Q26.

 

lOur top 10 customers contributed 71% of our total net revenues in 1Q26, compared to 76% in 4Q25.

 

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;

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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.

 

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Supplemental Financial Information

(Unaudited)

 

Consolidated Operations 

  1Q26 4Q25 1Q25
EBITDA2 (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% 30% 30%
Revenues by Type      
Bumping, Flip Chip, WLP & SiP 49% 49% 46%
Wirebonding 24% 24% 28%
Others 7% 7% 6%
Testing 19% 19% 18%
Material 1% 1% 2%
Capacity & EBITDA      
Equipment CapEx (US$ million) 963 704 869
EBITDA2 (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% 11%
Consumer 35% 36% 31%
Industrial 14% 13% 13%
Automotive 9% 8% 10%
Others 2% 2% 2%
Capacity      
Equipment CapEx (US$ million) 40 28 23

 

 

2 EBITDA stands for net income or loss before interest, taxes, depreciation, amortization, impairment and investment gain or loss as well as other items.

 

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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   40
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

 

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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 99   95   85
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

 

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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

 

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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 borrowings3     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 borrowings3     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

 

 

3 Borrowings include bank loans and bills payable.

 

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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   73   (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  
                         
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