ASE Technology (ASX) Jumps 23% on Q3 Blowout

We recently published 10 Stocks With Easy 20-40% Gains. ASE Technology Holding Co., Ltd. (NYSE:ASX) is one of the last week’s best-performing stocks.

ASE Technology surged by 23.3 percent week-on-week, as investors welcomed an improvement in its earnings performance for the third quarter of the year.

In an updated report earlier in the week, ASE Technology Holding Co., Ltd. (NYSE:ASX) said it incurred an 11.7 percent jump in net income attributable to shareholders, at NT$10.87 billion versus NT$9.73 billion in the same period last year.

Photo by Yogesh Phuyal on Unsplash

Net revenues grew by 5.2 percent to NT$168.5 billion from NT$160.1 billion year-on-year, with the bulk of the revenues, or equivalent to 47 percent, contributed by packaging operations, followed by EMS operations at 41 percent, testing operations at 11 percent, and other business segments at 1 percent.

On a quarter-and-quarter basis, ASE Technology Holding Co., Ltd. (NYSE:ASX)

expects fourth quarter revenues to grow by 1 to 2 percent, with gross margin increasing by 70 to 100 basis points.

For the full-year period, ASE Technology Holding Co., Ltd. (NYSE:ASX) said it was set to exceed its target revenues of $1.6 billion from assembly and testing services alone, or an expected growth of 20 percent year-on-year.

“As for machinery CAPEX (capital expenditures), we expect to further increase our full-year CAPEX by another few hundred million US dollars to meet customers’ requests and to support continuing business momentum into 2026. The increase is largely for wafer probing for both AI and non-AI chips, as well as for general capacity ramp and some new initiatives for year 2026,” said ASE Technology Holding Co., Ltd. (NYSE:ASX) Chief Finance Officer Joseph Tung.

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Disclosure: None. This article is originally published at Insider Monkey.