ASE Technology Holding Co., Ltd. Reports Financial Performance for 2Q25

ASE Technology Holding Co., Ltd. (ASEH), a leading player in the semiconductor assembly and testing services, has published its unaudited consolidated financial results for the second quarter of 2025. This report shows significant developments in revenue and profitability amid a changing market landscape.

Financial Highlights

In Q2 2025, ASEH reported net revenues of NT$150.75 billion, reflecting a year-over-year increase of 7.5% and a sequential rise of 1.8%. However, net income attributable to shareholders for this quarter amounted to NT$7.52 billion, which is a decrease from NT$7.78 billion in Q2 2024 and NT$7.55 billion in Q1 2025. The basic earnings per share (EPS) for the quarter were NT$1.74 (or US$0.111 per ADS), a slight decline from NT$1.80 for Q2 2024.

Operations Breakdown

The company's revenues from various segments indicate diverse performance metrics. The packaging operation contributed around 49%, while EMS (electronic manufacturing services) made up 39%. The testing operations brought in approximately 11%, and other revenues accounted for 1% of the total. This segmentation showcases ASEH's extensive involvement in various aspects of the semiconductor value chain.

Cost of revenues for Q2 2025 was NT$125.06 billion, marking a rise from NT$123.26 billion in Q1 2025. Notably, raw material costs were significant, totaling NT$71.32 billion, representing nearly 47% of total revenues.

Profit Margins

The gross margin of ASEH improved slightly to 17.0%, up 0.2 percentage points from the previous quarter. Additionally, the operating margin increased from 6.5% in Q1 2025 to 6.8% in Q2 2025, highlighting effective cost management despite fluctuating raw material prices.

Non-Operating Items

On the non-operating side, ASEH faced a net interest expense of NT$1.20 billion and recorded a foreign exchange gain of NT$11.89 billion. This was primarily due to the depreciation of the U.S. dollar against the New Taiwan dollar. However, there was a net loss on the valuation of financial assets and liabilities totaling NT$12.10 billion.

Customer Insights

ASEH’s customer base remains robust; the top five customers accounted for about 43% of total revenues, with one customer making up more than 10%. This concentration underscores ASEH's reliance on key relationships within the semiconductor industry, while also indicating the importance of maintaining product offerings and services that fulfill customer needs across various segments.

Liquidity and Capital Management

Capital expenditures were significant in Q2 2025, totaling US$992 million, primarily focused on enhancing packaging operations. ASEH maintains a strong liquidity position with NT$355.30 billion in unused credit lines, contributing to a current ratio of 1.02 and a net debt to equity ratio of 0.52 as of June 30, 2025.

The company’s total number of employees grew to 100,450, up from 96,436 in March 2025, signaling ongoing hiring efforts to meet operational demands.

About ASE Technology Holding Co., Ltd.

ASEH stands at the forefront of the semiconductor manufacturing sector, providing a comprehensive suite of services from assembly to test. With a global presence spanning countries including Taiwan, the U.S., and multiple Asian nations, ASEH is known for its commitment to quality and innovation in developing high-tech manufacturing solutions.

For more detailed financial information or to understand our broader strategic outlook, please refer to ASEH's official website at ASE Global.