Semiconductor packaging and testing leader ASE Investment Holdings held a press conference on the 30th to announce its third-quarter financial report. With the performance of its two major businesses, packaging and testing and EMS, it drove the overall utilization rate to grow, with revenue reaching NT$168.569 billion, an increase of 12% from the second quarter and an increase of 5% from the same period in 2024. Net profit after tax in a single quarter was 10.87 billion yuan, an increase of 45% from the second quarter and 12% from the same period in 2024. EPS reached 2.5 yuan, a high since the 11th quarter.
According to the financial report, ASE Investment Holdings' third-quarter revenue was 168.569 billion yuan, an increase of 12% from the second quarter and an increase of 5% from the same period in 2024. The gross profit margin was 17.1%, an increase of 0.1 percentage points from the second quarter and an increase of 0.6 percentage points from the same period in 2024. The net profit after tax came to 10.87 billion yuan, an increase of 45% from the second quarter and an increase from 2024. The same period last year increased by 12%, and EPS was 2.5 yuan. Cumulatively, revenue in the first three quarters was 467.473 billion yuan, an increase of 7.9% from the same period in 2024, gross profit margin was 17%, an increase of 0.8 percentage points from the same period in 2024, net profit after tax was 25.945 billion yuan, an increase of 12.3% from the same period in 2024, and EPS was 5.99 yuan.
According to previous expectations, ASE Investment Holdings' third-quarter consolidated revenue is expected to increase by 12% to 14% compared with the second quarter. If calculated in New Taiwan dollars, the third-quarter consolidated revenue is expected to increase by 6% to 8% compared with the second quarter. Affected by exchange rate factors, the third-quarter consolidated gross profit margin will decrease by 1 to 1.2 percentage points. Therefore, the current financial report figures are better than previous expectations.
Based on the analysis of packaging and testing business, packaging and testing revenue in the third quarter reached 100.289 billion yuan, an increase of 8% from the second quarter and an increase of 17% from the same period in 2024. The gross profit margin reached 22.6%, an increase of 0.7 percentage points from the second quarter and a decrease of 0.5 percentage points from the same period in 2024. As for electronic foundry services, revenue in the third quarter was 69.022 billion yuan, an increase of 17% from the second quarter and a decrease of 8.4% from 2024. Analyzing by product line, ASE Investment Holdings' third-quarter Bump/FC/WLP/SiP revenue accounted for 48%, wire bonding and packaging 26%, testing 18%, others 6%, and materials 2%.
Looking forward to the fourth quarter, ASE Investment Holdings pointed out that based on the exchange rate of 1 US dollar to NT$30.4, revenue in the fourth quarter of 2025 is expected to increase by 1% to 2% compared with the third quarter, and gross profit margin and operating profit margin are expected to increase by 70-100 basis points compared with the third quarter.