ASE Technology Holding Co Ltd (NYSE:ASX) reported first-quarter results on Wednesday that exceeded expectations, driven by solid revenue growth and improved profitability.
Shares rose 7.95% in premarket trading following the announcement.
The company posted revenue of NT$173.66 billion, up 17.2% year over year from NT$148.15 billion, although slightly lower by 2.4% compared with the previous quarter. Adjusted diluted earnings per share reached NT$3.08, or $0.195 per ADS, compared with NT$1.64 in the same period last year.
Growth was particularly strong in its ATM (assembly, testing, and materials) segment, where revenue climbed 29.7% year over year to NT$112.43 billion.
Margins also improved, with gross margin rising to 20.1% from 19.5% in the prior quarter, and operating margin increasing to 10.1% from 9.9%. Net income attributable to shareholders totaled NT$14.15 billion, nearly doubling from NT$7.55 billion a year earlier.
Packaging operations accounted for 51% of total revenue, testing contributed 12%, and EMS (electronics manufacturing services) made up 36%. Within ATM operations, communications represented 43% of revenue, computing 27%, and automotive, consumer, and other segments 30%.
ASE Technology invested $1.00 billion in capital expenditures during the quarter, including $636 million in packaging and $326 million in testing.
As of March 31, 2026, the company reported a current ratio of 1.15 and a net debt-to-equity ratio of 0.40.
Total headcount reached 107,950 employees at the end of the quarter, up from 105,947 at the end of 2025.