Analyst Consensus ?
ConsensusBuy5 ratings
Bullish480.0%
Neutral00.0%
Bearish120.0%
ASE Technology Holding Co., Ltd. · ASX · FY2025 Q3 · Calendar Q4 2025
ASE Technology: AI Packaging Growth Offsets FX and EMS Risks
The quarter strengthens the case that AI and HPC demand can support ASE’s advanced-packaging and testing growth, but FX, substrate availability, competition and capex execution temper the outlook.
Reported Before market openNYSETechnology
$87.20B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.16
Consensus $0.14
EPS surprise
+16.3%
Reported versus consensus
Reported revenue
$5.63B
Consensus $5.44B
Revenue surprise
+3.4%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+4.2%
Event window
SPY move
-1.1%
Same window
Abnormal move
+5.3%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
-0.6%
Up to 20 sessions
ASXSPY benchmark
Ask FN2 about ASX FY2025 Q3
Transcript, numbers and history already loaded
Why did ASX rise 4.2% after beating EPS estimates in FY2025 Q3?What changed in ASX's guidance and outlook in FY2025 Q3?Give me the bull and bear case for ASX after FY2025 Q3 earnings.
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Transcript intelligence
What changed
ATM set a revenue record and margins improved; LEAP remained a growth driver. Management kept a modest Q4 outlook, cited a more stable NT dollar, and plans further capacity investment.
Guidance delta
Maintained overall direction; Q4 guidance calls for 1–2% revenue growth, margin expansion, and 3–5% sequential ATM growth.
Key takeaways
- ATM delivered record revenue and margin improvement, supported by AI and HPC demand.
- LEAP advanced packaging remained a core growth driver, with management targeting continued expansion.
- FX volatility still pressures margins, while management expects a more stable NT dollar in Q4.
- Capacity investment is rising for wafer probing, advanced packaging and testing, increasing execution and capital-allocation risk.
Management priorities
- Scale LEAP services and full-process CoWoS offerings.
- Expand wafer-probing and test capacity for AI chips.
- Evaluate US investment opportunities based on economic viability.
- Maintain capex momentum into 2026 to support leading-edge demand.
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Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Buy | Neutral | Upgrade | Oct 15, 2024 |
| Goldman Sachs | Buy | Neutral | Upgrade | Jul 28, 2023 |
| HSBC | Reduce | Hold | Downgrade | Jun 28, 2023 |
| Nomura | Buy | Neutral | Upgrade | May 26, 2016 |
| Deutsche Bank | Buy | Hold | Upgrade | Dec 15, 2015 |
Track every rating change on ASX the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationEstablished in 1984 and headquartered in Kaohsiung, Taiwan, ASE Technology Holding Co., Ltd. operates as a leading global provider of essential services for the semiconductor industry. Its primary business encompasses a full range of semiconductor packaging and testing solutions, alongside electronic manufacturing services, catering to an international clientele spanning the United States, Taiwan, various other Asian countries, and Europe. The company offers an extensive portfolio of packaging services, featuring advanced techniques such as flip chip ball grid array (BGA) and chip scale package (CSP) formats. This also includes a variety of quad flat packages (including low profile and thin versions), bump chip carriers, and advanced quad flat no-lead (QFN) packages. ASE specializes in cutting-edge solutions like plastic BGAs, 3D chip packages, and stacked die integration, utilizing both copper and silver wire bonding.…
Historical context
All ASX earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| INTC Intel Corp. | FY2026 Q3 · Calendar Q4 2026 | +27.9% | -28.6% | Intel: AI Server Demand Offsets PC Weakness, CapEx Rises |
| GDDY GoDaddy Inc. | FY2026 Q3 · Calendar Q4 2026 | +9.5% | +10.7% | GoDaddy: Airo accelerates while guidance is maintained |
| MPWR Monolithic Power Systems, Inc. | FY2026 Q3 · Calendar Q4 2026 | +5.1% | +1.1% | MPWR tops $1 billion in revenue as data-center demand accelerates |
| TWLO Twilio Inc. | FY2026 Q3 · Calendar Q4 2026 | +12.2% | -15.2% | Twilio raises growth outlook as AI and software adoption expand |
| SNDK Sandisk Corporation | FY2027 Q1 · Calendar Q4 2026 | +6.1% | -13.5% | SNDK: AI-driven NAND demand remains strong, but execution risks persist |
| RBLX Roblox Corporation | FY2026 Q3 · Calendar Q4 2026 | +26.2% | -18.1% | Roblox pairs strong engagement with lower Q4 bookings guidance |
Latest beats and misses
Who reports nextBeat on EPS
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
- EXCFY2026 Q3 · October 30, 2026+10.4% EPS+0.5% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the ASX recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-01T09:10:43.964121+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-01. For educational purposes only; not investment advice.