Ase Technology Holding Co., Ltd. · TWSE:3711
Ase Technology — Q2 2025 Earnings Presentation
19 slides from Ase Technology's earnings presentation, Jul 31, 2025
Slide 1: Second Quarter 2025 Earnings Release
Second Quarter 2025 Earnings Release ASE Technology Holding 31 July, 2025
Slide 2: Safe Harbor Notice
Safe Harbor Notice This presentation contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. These statements are made under the “safe harbor” pr
Slide 3: 1H2025 Recap
1H2025 Recap (in US dollar terms) ◼ Consolidated revenues grew 9% YoY in 1H2025, with ATM revenues up 18% YoY. Leading-edge advanced packaging and overall testing outpaced growth while the general segment saw some recovery. ◼ Leading-edge advanced packaging and testing revenues were over 10% of ATM
Slide 4: 2H2025 Outlook
2H2025 Outlook (in US dollar terms) ◼ For ATM business, expect momentum to carry into 3Q25, with quarter-to-quarter growth in 4Q25. ◼ Leading-edge advanced packaging and testing revenues target to increase by US$1 billion versus 2024, contributing 10% of growth, while general segments to grow by mid
Slide 5: Business Update
Business Update ◼ Market Dynamics ⚫ Mega Trend & Future Opportunities ⚫ Technology & Focus ⚫ ASE Position ◼ Operations ⚫ Leading-edge and Taiwan Capacity Tightness ⚫ Expansion on Schedule ⚫ Resource Optimization ◼ Challenges ⚫ Forex & Tariff Uncertainties 5
Slide 6: Financial Section
Financial Section Link to Earnings Conference Materials 6
Slide 7: Consolidated Statements of Income
Consolidated Statements of Income Quarterly Comparison (Unaudited) (NT$ million) Q2 / 2025 % Q1 / 2025 % Q2 / 2024 % QoQ YoY Net Revenues: ATM 91,648 60.8% 85,606 57.8% 76,676 54.7% 7% 20% EMS 58,374 38.7% 61,860 41.7% 62,853 44.8% -6% -7% Others 728 0.5% 687 0.5% 709 0.5% 6% 3% Total Net Revenues 1
Slide 8: Consolidated Operations
Consolidated Operations (Unaudited) NT$ million 180,000 30% 150,000 120,000 74,871 74,243 58,374 20% 62,853 61,860 59,326 16.4% 16.5% 16.4% 16.8% 17.0% 90,000 15.7% 60,000 6.8% 10% 5.6% 6.4% 7.2% 6.9% 6.5% 84,545 87,208 85,606 91,648 72,862 76,676 30,000 0 0% Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 ATM
Slide 9: ATM Statements of Income
ATM Statements of Income Quarterly Comparison (Unaudited) (NT$ million) Q2 / 2025 % Q1 / 2025 % Q2 / 2024 % QoQ YoY Net Revenues: Packaging 74,440 80.4% 69,360 80.0% 63,838 82.1% 7% 17% Testing 16,612 18.0% 16,004 18.5% 12,623 16.2% 4% 32% Direct Material 1,431 1.5% 1,219 1.4% 1,264 1.6% 17% 13% Oth
Slide 10: ATM Operations
ATM Operations (Unaudited) NT$ million 100,000 92,565 40% 85,790 88,363 86,668 77,813 20,248 80,000 73,908 20,609 19,795 19,611 30% 17,201 15,557 60,000 23.1% 23.3% 22.6% 20% 22.1% 21.9% 21.0% 40,000 10% 20,000 0 0% Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Revenue Gross Profit Gross Margin 10
Slide 11: ATM Revenues by Application
ATM Revenues by Application (Unaudited) 100% 30% 32% 32% 30% 30% 30% 80% 60% 18% 18% 17% 22% 19% 24% 40% 52% 49% 50% 53% 48% 20% 46% 0% Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Communication Computing Automotive, Consumer & Others 11
Slide 12: ATM Revenues by Type
ATM Revenues by Type (Unaudited) 100% 2% 2% 2% 1% 2% 2% 16% 16% 16% 18% 18% 18% Material 80% 7% 8% 9% 7% 6% 5% Testing 60% 31% 29% 27% 28% 28% 30% Others 40% Wirebonding 45% 47% 46% 47% Bump/FC/WLP 20% 43% 44% /SiP 0% Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 12
Slide 13: EMS Operations
EMS Operations Quarterly Comparison & Revenues by Application (unaudited) (NT$ million) Q2 / 2025 % Q1 / 2025 % Q2 / 2024 % QoQ YoY EMS Net Revenues 58,770 100.0% 62,295 100.0% 62,907 100.0% -6% -7% Gross Profit 5,549 9.4% 5,528 8.9% 6,025 9.6% 0% -8% Operating Income (Loss) 1,513 2.6% 1,608 2.6% 1,
Slide 14: Key Balance Sheet Items & Indices
Key Balance Sheet Items & Indices (Unaudited) (NT$ million) Jun. 30, 2025 Mar. 31, 2025 Cash and cash equivalent $72,785 $77,100 Financial assets - current 4,118 16,435 Financial assets - non current & investments - equity method 38,409 41,428 Property, plant & equipment 364,849 342,056 Total assets
Slide 15: Equipment Capital Expenditures vs. EBITDA
Equipment Capital Expenditures vs. EBITDA (Unaudited) US$ million 992 1,000 888 895 892 879 843 811 800 765 640 603 600 406 400 228 200 0 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Capex EBITDA 15
Slide 16: Third Quarter 2025 Outlook (1/2)
Third Quarter 2025 Outlook (1/2) Based on our current business outlook and exchange rate assumptions of 1 US dollar to 29.2 NT dollars (versus 31.2 in 2nd quarter 2025), management projects overall performance for the third quarter of 2025 to be as follows: ◼Consolidated • In US dollar terms, our co
Slide 17: Third Quarter 2025 Outlook (2/2)
Third Quarter 2025 Outlook (2/2) Based on our current business outlook and exchange rate assumptions of 1 US dollar to 29.2 NT dollars (versus 31.2 in 2nd quarter 2025), management projects overall performance for the third quarter of 2025 to be as follows: ◼ATM • In US dollar terms, our ATM 3rd qua
Slide 18: Thank you
Thank you
Slide 19: Consolidated Statements of Comprehensive Income
Appendix 1 Consolidated Statements of Comprehensive Income (Unaudited) (NT$ thousand) Q1/ 2025 1&2 Q2/ 2025 1&2 Revenues 148,153,262 150,750,323 COGS 123,260,526 125,062,803 PPA under COGS 557,027 520,681 Gross profit 24,892,736 25,687,520 Gross profit excl. PPA 25,449,763 26,208,201 OPEX 15,221,435
ASE Technology Holding — Q2 2025 Earnings Presentation on 6ix