ASE Technology Holding Co., Ltd. · ASX · FY2026 Q3 · Calendar Q4 2026
ASE posts record Q3 as LEAP demand lifts mix and capex
ASE's Q3 supports a constructive growth case: LEAP demand, high ATM utilization and a higher-margin mix are improving results, but capacity, leverage and execution risks temper the outlook.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Management upgraded 2026 LEAP revenue to above USD 4 billion, expects 2027 LEAP revenue to double, and increased 2026 capex to USD 11.5 billion. Q4 is expected to bring continued revenue and margin expansion.
Guidance delta
2026 LEAP guidance was raised from USD 3.7 billion to above USD 4 billion; Q4 guidance calls for 6–8% revenue growth and continued margin expansion.
Key takeaways
- Record Q3 revenue was driven by LEAP capacity ramp-up, strong computing demand and near-full ATM utilization.
- Gross-margin improvement reflected a higher mix of LEAP products, while EMS margins faced component-cost pass-through pressure.
- Capacity and space constraints are limiting growth and require accelerated investment in facilities and equipment.
Management priorities
- Ramp LEAP capacity and pursue more than USD 8 billion of LEAP revenue in 2027.
- Expand full-process packaging and CPO offerings, including a projected CPO business above USD 0.5 billion next year.
- Accelerate facilities and equipment investment while seeking additional space and facility acquisitions.
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Try FN2 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.…
Technology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| GEN Gen Digital Inc. | FY2027 Q2 · Calendar Q4 2026 | +2.9% | +11.2% | Gen raises FY2027 outlook as AI security and partner growth accelerate |
| KLAC KLA Corporation | FY2027 Q1 · Calendar Q4 2026 | +2.5% | +7.3% | KLA posts record revenue as AI and advanced packaging demand accelerate |
| AUROW Aurora Innovation, Inc. | FY2026 Q3 · Calendar Q4 2026 | +3.6% | 0.0% | Aurora advances commercial trucking ramp while execution risks remain |
| AUR Aurora Innovation, Inc. | FY2026 Q3 · Calendar Q4 2026 | +3.6% | -0.6% | Aurora advances commercial ramp as execution risks remain |
| FLEX Flex Ltd. | FY2027 Q2 · Calendar Q4 2026 | +11.3% | +11.6% | Flex raises FY27 outlook as AI power demand drives growth |
| NOW ServiceNow, Inc. | FY2026 Q3 · Calendar Q4 2026 | -2.0% | -3.0% | ServiceNow raises outlook as AI monetization accelerates |
Latest beats and misses
Who reports nextBeat on EPS
- GENFY2027 Q2 · October 28, 2026+2.9% EPS+11.2% move
- KLACFY2027 Q1 · October 28, 2026+2.5% EPS+7.3% move
- SANFY2026 Q3 · October 28, 20260.0% EPS-6.3% move
- FFY2026 Q3 · October 28, 2026+19.5% EPS+1.4% move
- EQIXFY2026 Q3 · October 28, 2026+20.0% EPS+5.4% move
- EBAYFY2026 Q3 · October 28, 2026+7.1% EPS+0.2% move
Missed on EPS
- CPFY2026 Q3 · October 28, 2026-3.2% EPS-1.9% move
- LIIFY2026 Q3 · October 28, 2026-7.1% EPS-10.6% move
- EXRFY2026 Q3 · October 27, 2026-1.7% EPS+0.1% move
- NOWFY2026 Q3 · October 28, 2026-2.0% EPS-3.0% move
- CMGFY2026 Q3 · October 28, 2026-7.1% EPS+2.7% move
- GOOGFY2026 Q3 · October 28, 2026-11.3% EPS+1.6% move
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Sources
- Earnings call transcript and parsed analysis · 2026-10-29T14:05:36.967863+00:00
- FN2 earnings calendar · 2026-10-29T01:23:20.584741+00:00
- Polygon adjusted daily market bars · 2026-10-29T14:30:46.023492+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 2026-10-29. For educational purposes only; not investment advice.