{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"ASE Technology (ASX): Its Best Quarter Ever — And It Just Burned $1 Billion in Cash","slug":"ase-technology-asx-its-best-quarter-ever-and-it-just-burned-1-billion-in-cash","published_at":"2026-07-30T13:41:14+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/ase-technology-asx-its-best-quarter-ever-and-it-just-burned-1-billion-in-cash","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/ase-technology-asx-its-best-quarter-ever-%e2%80%94-and-it-just-burned-1-billion-in-cash/","audio_url":"https://mcdn.podbean.com/mf/web/472ltnir55odiqmp/audio_g.mp3","summary":"ASE Technology Holding Co., Ltd. (ASX) Q2 2026 — Revenue was NT$191,064M (about US$6.05B), +26.7% YoY and +10.0% QoQ — an all-time record. Gross margin rose to 21.0% from 20.0% and operating income of NT$21,134M was +107% YoY; net income was NT$21,068M vs NT$7,521M. Basic EPS NT$4.80 = US$0.304 per ADS vs consensus near US$0.23. CONVENTION: ASE reports in New Taiwan dollars, 1 ADS = 2 common shares, NT$31.59 = US$1. ATM (assembly and test) did NT$126,148M, +36.3%, at a 27.3% gross margin and 15.7% operating margin — both UP; EMS did NT$65,789M, +11.9%, at 8.9% gross and 2.4% operating — both DOWN. ATM is 66% of revenue and 93.6% of operating income. Testing revenue grew 42.5%, faster than packaging's 34.9%, and computing rose to 30% of ATM revenue from 24%. But free cash flow was MINUS NT$32,835M (about −US$1.04B) on NT$79,849M of cash capex against NT$47,014M of operating cash flow, funded with NT$39,864M of new borrowings as net debt/equity went 0.40 to 0.47. Two things trip everyone up: this is ASE Technology Holding (NYSE: ASX, Taipei 3711), NOT the Australian stock exchange; and one ADS equals TWO common shares at NT$31.59/US$1, so NT$4.80 of EPS is 30.4 US cents per ADS, not 15. ASE is two companies in one ticker — ATM, the real semiconductor business, expanded gross margin to 27.3% while EMS fell to an 8.9% gross and 2.4% operating margin, so the blended 21.0% hides the good business. The AI leverage is measurable: computing went 24% to 30% of ATM revenue and testing grew 42.5%. The most under-covered number is the machine count — testers went 6,797 to 8,348 (+23%) while wirebonders SHRANK from 25,156 to 24,815, and US$804M of US$1,695M equipment capex went into testing. ASE is converting itself into a test house. But the headline capex understates the cash: act…","meta_description":"ASE Technology Holding Co., Ltd. (ASX) Q2 2026 — Revenue was NT$191,064M (about US$6.05B), +26.7% YoY and +10.0% QoQ — an all-time record. Gross margin ro…","key_points":[],"chapters":[],"topics":[],"duration_seconds":823,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/ase-technology-asx-its-best-quarter-ever-and-it-just-burned-1-billion-in-cash/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/ase-technology-asx-its-best-quarter-ever-and-it-just-burned-1-billion-in-cash.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}