ASE Technology Q1 2026 Earnings Results and Q2 2026 Outlook

ASE Technology Holding Co., Ltd. reported its first quarter 2026 financial results showing mixed performance. Consolidated net revenues were NT$173.7 billion, down 2% quarter-over-quarter but up 17% year-over-year. Net income attributable to shareholders was NT$14.1 billion, a 4% decrease from Q4 2025 but an 87% increase from Q1 2025. Basic EPS was NT$3.24. The ATM segment performed well with revenues of NT$112.4 billion (up 2% QoQ, 30% YoY), while EMS revenues declined to NT$61.9 billion (down 10% QoQ, 1% YoY). Gross margin improved to 20.1% from 16.8% in Q1 2025. The company provided Q2 2026 guidance projecting consolidated revenue growth of 7-9% quarter-over-quarter, with gross margin expected to increase by 20-100 basis points and operating margin by 50-120 basis points. ATM revenue is forecast to grow 9-11% QoQ with gross margin of 26-27%, while EMS revenue is expected to grow at least 10% year-over-year.