Stocks · Technology · Semiconductors & Related Devices

ASE Technology Holding Co., Ltd.

ASX Clue Score35
Taiwan Fiscal year ends December CIK 0001122411
$46.43 +2.59% Close, 9 Oct 2026
Price $46.43 +587.85% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue274.88Operating income25.86Net income21.32EPS, diluted4.66Fiscal year 2017Revenue290.44 +5.7%Operating income25.33Net income22.82 +7.0%EPS, diluted5.19 +11.4%Fiscal year 2018Revenue371.09 +27.8%Operating income27.02Net income26.22 +14.9%EPS, diluted6.07 +17.0%Fiscal year 2019Revenue413.18 +11.3%Operating income23.26Net income17.06 −34.9%EPS, diluted3.91 −35.6%Fiscal year 2020Revenue476.98 +15.4%Operating income35.38Net income26.97 +58.1%EPS, diluted6.17 +57.8%Fiscal year 2021Revenue570.00 +19.5%Operating income63.31Net income60.15 +123.0%EPS, diluted13.54 +119.4%Fiscal year 2022Revenue670.87 +17.7%Operating income81.19Net income61.50 +2.2%EPS, diluted13.81 +2.0%Fiscal year 2023Revenue581.91 −13.3%Operating income41.65Net income35.46 −42.3%EPS, diluted8.04 −41.8%Fiscal year 2024Revenue595.41 +2.3%Operating income40.34Net income32.38 −8.7%EPS, diluted7.20 −10.4%Fiscal year 2025Revenue645.39 +8.4%Operating income51.42Net income40.02 +23.6%EPS, diluted8.75 +21.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 274.88 290.44 371.09 413.18 476.98 570.00 670.87 581.91 595.41 645.39
Growth +5.7% +27.8% +11.3% +15.4% +19.5% +17.7% −13.3% +2.3% +8.4%
Operating income 25.86 25.33 27.02 23.26 35.38 63.31 81.19 41.65 40.34 51.42
Net income 21.32 22.82 26.22 17.06 26.97 60.15 61.50 35.46 32.38 40.02
Growth +7.0% +14.9% −34.9% +58.1% +123.0% +2.2% −42.3% −8.7% +23.6%
EPS, diluted 4.66 5.19 6.07 3.91 6.17 13.54 13.81 8.04 7.20 8.75
Growth +11.4% +17.0% −35.6% +57.8% +119.4% +2.0% −41.8% −10.4% +21.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin19.3%Operating margin9.4%Net margin7.8%Free cash flow margin9.2%Fiscal year 2017Gross margin18.2%Operating margin8.7%Net margin7.9%Free cash flow margin7.8%Fiscal year 2018Gross margin16.5%Operating margin7.3%Net margin7.1%Free cash flow margin2.6%Fiscal year 2019Gross margin15.6%Operating margin5.6%Net margin4.1%Free cash flow margin3.7%Fiscal year 2020Gross margin16.3%Operating margin7.4%Net margin5.7%Free cash flow margin2.7%Fiscal year 2021Gross margin19.4%Operating margin11.1%Net margin10.6%Free cash flow margin1.9%Fiscal year 2022Gross margin20.1%Operating margin12.1%Net margin9.2%Free cash flow margin5.7%Fiscal year 2023Gross margin15.8%Operating margin7.2%Net margin6.1%Free cash flow margin10.4%Fiscal year 2024Gross margin16.3%Operating margin6.8%Net margin5.4%Free cash flow margin1.9%Fiscal year 2025Gross margin17.7%Operating margin8.0%Net margin6.2%Free cash flow margin−3.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 19.3% 18.2% 16.5% 15.6% 16.3% 19.4% 20.1% 15.8% 16.3% 17.7%
Operating margin 9.4% 8.7% 7.3% 5.6% 7.4% 11.1% 12.1% 7.2% 6.8% 8.0%
Net margin 7.8% 7.9% 7.1% 4.1% 5.7% 10.6% 9.2% 6.1% 5.4% 6.2%
Free cash flow margin 9.2% 7.8% 2.6% 3.7% 2.7% 1.9% 5.7% 10.4% 1.9% −3.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow52.11Capital expenditure−26.71Free cash flow25.39Fiscal year 2017Operating cash flow47.43Capital expenditure−24.70Free cash flow22.73 −10.5%Fiscal year 2018Operating cash flow51.07Capital expenditure−41.39Free cash flow9.69 −57.4%Buybacks−0.07Fiscal year 2019Operating cash flow72.30Capital expenditure−56.81Free cash flow15.49 +59.9%Fiscal year 2020Operating cash flow75.06Capital expenditure−62.08Free cash flow12.98 −16.2%Fiscal year 2021Operating cash flow81.73Capital expenditure−70.91Free cash flow10.83 −16.6%Buybacks−5.53Fiscal year 2022Operating cash flow111.00Capital expenditure−72.64Free cash flow38.36 +254.3%Buybacks−0.21Fiscal year 2023Operating cash flow114.42Capital expenditure−54.16Free cash flow60.26 +57.1%Buybacks0.00Fiscal year 2024Operating cash flow90.79Capital expenditure−79.52Free cash flow11.27 −81.3%Buybacks0.00Fiscal year 2025Operating cash flow142.25Capital expenditure−164.64Free cash flow−22.39 −298.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 52.11 47.43 51.07 72.30 75.06 81.73 111.00 114.42 90.79 142.25
Capital expenditure −26.71 −24.70 −41.39 −56.81 −62.08 −70.91 −72.64 −54.16 −79.52 −164.64
Free cash flow 25.39 22.73 9.69 15.49 12.98 10.83 38.36 60.26 11.27 −22.39
Growth −10.5% −57.4% +59.9% −16.2% −16.6% +254.3% +57.1% −81.3% −298.8%
Buybacks n/a n/a −0.07 n/a n/a −5.53 −0.21 0.00 0.00 n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash38.39Total debt53.12Net cash (debt)−14.72Shareholders’ equity154.84Debt to equity0.34Fiscal year 2017Cash46.08Total debt35.41Net cash (debt)10.67Shareholders’ equity188.12Debt to equity0.19Fiscal year 2018Cash51.52Total debt137.90Net cash (debt)−86.38Shareholders’ equity201.39Debt to equity0.68Fiscal year 2019Cash60.13Total debt141.08Net cash (debt)−80.95Shareholders’ equity199.43Debt to equity0.71Fiscal year 2020Cash51.54Total debt104.51Net cash (debt)−52.97Shareholders’ equity216.12Debt to equity0.48Fiscal year 2021Cash76.07Total debt121.69Net cash (debt)−45.62Shareholders’ equity253.63Debt to equity0.48Fiscal year 2022Cash58.04Total debt99.99Net cash (debt)−41.95Shareholders’ equity294.67Debt to equity0.34Fiscal year 2023Cash67.28Total debt85.46Net cash (debt)−18.18Shareholders’ equity294.48Debt to equity0.29Fiscal year 2024Cash76.49Total debt125.64Net cash (debt)−49.14Shareholders’ equity320.03Debt to equity0.39Fiscal year 2025Cash92.47Total debt205.80Net cash (debt)−113.33Shareholders’ equity342.18Debt to equity0.60
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 38.39 46.08 51.52 60.13 51.54 76.07 58.04 67.28 76.49 92.47
Total debt 53.12 35.41 137.90 141.08 104.51 121.69 99.99 85.46 125.64 205.80
Net cash (debt) −14.72 10.67 −86.38 −80.95 −52.97 −45.62 −41.95 −18.18 −49.14 −113.33
Shareholders’ equity 154.84 188.12 201.39 199.43 216.12 253.63 294.67 294.48 320.03 342.18
Debt to equity 0.34 0.19 0.68 0.71 0.48 0.48 0.34 0.29 0.39 0.60

In billions of TWD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of TWD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
274.88 290.44 371.09 413.18 476.98 570.00 670.87 581.91 595.41 645.39
Growth +5.7% +27.8% +11.3% +15.4% +19.5% +17.7% −13.3% +2.3% +8.4%
221.70 237.71 309.93 348.87 398.99 459.63 535.94 490.16 498.48 531.19
53.19 52.73 61.16 64.31 77.98 110.37 134.93 91.76 96.93 114.19
Growth −0.9% +16.0% +5.1% +21.3% +41.5% +22.3% −32.0% +5.6% +17.8%
11.39 11.75 14.96 18.40 19.30 21.05 24.37 25.50 28.83 32.85
11.66 12.46 14.62 16.64 18.20 20.80 23.46 19.36 21.47 23.18
25.86 25.33 27.02 23.26 35.38 63.31 81.19 41.65 40.34 51.42
Growth −2.1% +6.7% −13.9% +52.1% +79.0% +28.2% −48.7% −3.1% +27.5%
27.97 31.02 31.94 23.28 35.77 80.19 81.76 42.61 41.73 51.30
5.39 6.52 4.51 5.01 7.12 17.94 17.15 5.30 7.92 10.11
21.32 22.82 26.22 17.06 26.97 60.15 61.50 35.46 32.38 40.02
Growth +7.0% +14.9% −34.9% +58.1% +123.0% +2.2% −42.3% −8.7% +23.6%
Per share
5.57 5.59 6.18 4.01 6.32 13.97 14.39 8.25 7.50 9.22
4.66 5.19 6.07 3.91 6.17 13.54 13.81 8.04 7.20 8.75
Growth +11.4% +17.0% −35.6% +57.8% +119.4% +2.0% −41.8% −10.4% +21.5%
3,831 4,080 4,245 4,252 4,266 4,305 4,275 4,296 4,319 4,341
4,142 4,185 4,251 4,263 4,289 4,366 4,323 4,348 4,392 4,430
Growth +1.0% +1.6% +0.3% +0.6% +1.8% −1.0% +0.6% +1.0% +0.9%

Shown in TWD as filed; the screener converts to dollars.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 6.2% a year over five years, and earnings per share grew 7.2% a year.
  • The diluted share count rose 3.3% in five years, which is dilution.
  • Operating margin is flat at 8.0%.
  • Profitable in every one of the 10 years on file.