Strong earnings beat and positive guidance signal accelerating fundamentals. Watch for continued momentum in ATM segment and margin expansion. Insider selling of $189.6M over past 30 days warrants caution but does not negate the earnings strength.
Price Chart
Executive Summary
ASE Technology reported strong Q1 2026 earnings with revenue up 17% YoY to NT$173.7B and net income surging 87% YoY to NT$14.1B (EPS NT$3.24, +85% YoY). Management guided for continued QoQ growth in Q2 2026 (consolidated revenue +7-9% QoQ, margins expanding). The results reflect robust demand in advanced packaging and testing.
Key Facts
- Q1 2026 net revenue NT$173,662 million, +17% YoY
- Q1 2026 net income NT$14,148 million, +87% YoY
- Q1 2026 EPS NT$3.24, +85% YoY
- ATM revenue grew 30% YoY; EMS revenue declined 1% YoY
- Gross margin improved to 20.1% (from 16.8% in Q1 2025)
- Operating margin expanded to 10.1% (from 6.5% in Q1 2025)
- Q2 2026 guidance: consolidated revenue +7-9% QoQ, gross margin +20-100 bps, operating margin +50-120 bps
Financial Impact
Revenue +17% YoY, net income +87% YoY, EPS +85% YoY; QoQ revenue down 2% but guidance for sequential acceleration
Risk Factors
- QoQ revenue decline of 2% from Q4 2025
- EMS segment revenue slightly down YoY
- Recent insider selling may indicate management taking profits
- Semiconductor cyclicality and trade policy risks
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0000950103-26-006340 |
| Document: 0000950103-26-006340-index-headers.html | 0000950103-26-006340 |
| Document: 0000950103-26-006340-index.html | 0000950103-26-006340 |
| Document: 0000950103-26-006340.txt | 0000950103-26-006340 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 23d ago | 6-K | $41.20 $38.44 | ▼ −6.70% | ▼ −6.37% | $47.45 (+15.17%) |
Aug 10, 2026 7w ago | 6-K | $37.59 $39.91 | ▲ +6.17% | ▲ +6.22% | $47.45 (+26.23%) |
Aug 3, 2026 8w ago | 6-K | $36.68 $37.59 | ▲ +2.48% | ▲ +0.45% | $47.45 (+29.36%) |
Jul 30, 2026 9w ago | 6-K | $34.77 $37.25 | ▲ +7.13% | ▲ +3.51% | $47.45 (+36.47%) |
Jun 9, 2026 16w ago | 6-K | $35.08 $38.50 | ▲ +9.75% | ▲ +7.34% | $47.45 (+35.26%) |
Jun 3, 2026 17w ago | Insider Cluster | $39.91 $34.30 | ▼ −14.06% | ▼ −10.24% | $47.45 (+18.89%) |
May 8, 2026 21w ago | 6-K | $34.23 $35.25 | ▲ +2.98% | ▲ +1.52% | $47.45 (+38.62%) |
Apr 29, 2026 22w ago | 6-K | $30.59 $33.44 | ▲ +9.32% | ▲ +6.21% | $47.45 (+55.12%) |
Apr 20, 2026 23w ago | Insider Cluster | $29.28 $30.85 | ▼ −5.36% | ▼ −4.45% | $47.45 (−62.06%) |
Apr 20, 2026 23w ago | Insider Cluster | $29.28 $30.85 | ▼ −5.36% | ▼ −4.45% | $47.45 (−62.06%) |
US Market Status
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