ASE Technology Holding Co., Ltd. filed its 2025 annual report on Form 20‑F on April 8, 2026, providing audited financial statements for the year ended December 31, 2025.
Consolidated revenue reached NT$645.4 billion, up 8.4% year‑over‑year from NT$595.4 billion in 2024, reflecting strong demand in the company’s core packaging and testing services, especially in advanced packaging driven by AI and data‑center customers.
Segment performance showed the Assembly, Testing and Material (ATM) segment generating NT$389.2 billion, a 19.9% increase, while the Electronic Manufacturing Services (EMS) segment revenue fell 5.2% to NT$257.2 billion. The ATM growth was led by leading‑edge advanced packaging (LEAP) services, which benefited from high‑margin AI server demand.
Gross margin improved to 17.7% from 16.3% in 2024, and operating margin rose to 7.9% from 6.6%. The margin expansion was driven by higher utilization of high‑margin LEAP services, a favorable product mix, and currency gains that offset raw‑material cost increases.
The company reported total debt of NT$272,944.9 million (US$8.7 billion) at year‑end, with long‑term debt of NT$214,080.7 million (US$6.8 billion). ASE plans a record capital‑expenditure of US$7 billion in 2026, with roughly two‑thirds earmarked for expanding leading‑edge services capacity.
Management highlighted the company’s leadership position in advanced packaging and reiterated its commitment to invest to maintain its lead amid growing AI demand. The company’s strategy focuses on scaling LEAP services while managing the decline in legacy EMS revenue.
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