ASE Technology (NYSE:ASX) Issues Earnings Results, Beats Expectations By $0.03 EPS

Posted by Brenda Bartman on Oct 29th, 2026

ASE Technology (NYSE:ASX – Get Free Report) posted its earnings results on Thursday. The semiconductor company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03, Zacks reports. ASE Technology had a net margin of 8.52% and a return on equity of 16.12%. The business had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $7.30 billion.

Here are the key takeaways from ASE Technology’s conference call:

Record Q3 performance saw revenue rise 45% year over year to TWD 244.2 billion, while operating profit increased 151% and net income rose 148%, driven by stronger utilization and a higher LEAP mix.
LEAP demand continues to exceed available capacity, with 2026 LEAP revenue now expected to exceed $4 billion and 2027 revenue projected to double. Management expects LEAP-related margin expansion to continue, with the prior ATM structural margin ceiling now viewed as a baseline.
Q4 guidance calls for consolidated revenue growth of 6%–8% sequentially and an operating margin of 14.5%–15.5%; ATM revenue is expected to grow 11%–13%, with gross margin improving another 100–200 basis points.
New growth opportunities are expanding beyond traditional LEAP services, including full-process packaging, expected to generate over $1 billion in revenue next year, and CPO, projected to contribute more than $500 million as mass production continues into 2027.
Capacity expansion is requiring heavy investment and additional funding: 2026 CapEx was raised to $11.5 billion, next year’s spending is expected to be higher, and management anticipates continued negative cash flow even as demand remains strong. Net debt to equity reached 66% in Q3, although management expects some improvement in Q4.

ASE Technology Price Performance

NYSE:ASX opened at $44.56 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The firm has a market cap of $99.61 billion, a PE ratio of 51.82 and a beta of 1.66. ASE Technology has a 12 month low of $13.35 and a 12 month high of $47.93. The company’s 50-day moving average price is $41.42 and its two-hundred day moving average price is $33.10.

More ASE Technology News

Here are the key news stories impacting ASE Technology this week:

Positive Sentiment: Q3 results exceeded expectations. ASE reported revenue of NT$244.2 billion, up 44.8% year over year and 27.8% sequentially. Adjusted earnings were approximately $0.37–$0.38 per share versus the $0.34 consensus estimate, while revenue of $7.66 billion topped the $7.30 billion forecast. ASE Technology Q3 financial results
Positive Sentiment: Management provided strong near-term guidance. ASE expects fourth-quarter revenue to grow 6% to 8% sequentially, suggesting demand should remain resilient after the substantial Q3 increase. The company also raised its 2026 LEAP revenue target to more than $4 billion, strengthening the growth outlook for its advanced packaging-related business. ASE Technology Q4 outlook
Positive Sentiment: Capacity utilization and demand remain favorable. Reports that ASE is operating at full capacity indicate strong customer requirements and support the company’s pricing and revenue momentum. A positive update from packaging competitor Amkor regarding expanding customer commitments also provides a favorable industry demand read-through. ASE Technology full-capacity report
Neutral Sentiment: Investors are also reviewing management’s earnings-call commentary for additional detail on semiconductor assembly, testing and advanced-packaging demand, as well as the sustainability of the current growth rate. ASE Q3 2026 earnings call transcript

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ASX. Wall Street Zen downgraded ASE Technology from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Weiss Ratings upgraded ASE Technology from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Finally, Zacks Research raised ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Check Out Our Latest Stock Report on ASE Technology

ASE Technology Company Profile

(Get Free Report)

ASE Technology Holding Co, Ltd. is a Taiwan-based provider of semiconductor manufacturing services. Through its subsidiaries, the company offers outsourced semiconductor assembly and test services, helping chip designers and manufacturers package, assemble and evaluate integrated circuits after wafer fabrication.

Its services include wafer probing, wafer bumping, semiconductor packaging, final testing and advanced packaging technologies such as flip-chip, system-in-package and fan-out solutions.