ETF Inflow Update: VYMI, VIPS, QFIN, ASX
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 08 2025
0mins
Should l Buy ASX?
Source: NASDAQ.COM
VYMI Share Price Analysis: VYMI's share price is currently at $84.98, with a 52-week low of $65.23 and a high of $86.0768, indicating a relatively stable position within its trading range.
ETFs Trading Dynamics: Exchange traded funds (ETFs) function like stocks, with units that can be created or destroyed based on investor demand, impacting the underlying holdings and necessitating monitoring of share changes for notable inflows or outflows.
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Analyst Views on ASX
Wall Street analysts forecast ASX stock price to fall
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 32.280
Low
17.00
Averages
17.00
High
17.00
Current: 32.280
Low
17.00
Averages
17.00
High
17.00
About ASX
ASE Technology Holding Co Ltd is a Taiwan-based company that mainly invests in packaging services, testing services, electronic product assembly technology and manufacturing services. The investment business includes general investment business projects. The packaging and testing business provides integrated circuit (IC) services, including packaging and module design, IC packaging, multi-chip packaging, micro and hybrid modules, memory packaging, front-end testing, wafer probe testing, finished product testing, substrate design, and manufacturing. The electronic manufacturing service business mainly provides a series of professional services such as development and design, material procurement, production and manufacturing, logistics, maintenance and other after-sales services for domestic and foreign brand manufacturers in the fields of communications, consumer electronics, computers, storage industrial, automotive electronics and other types of electronic products.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Revenue Growth Highlight: ASE Technology reported consolidated net revenues of NTD 173.7 billion for Q1 2026, reflecting a quarter-over-quarter increase, with fully diluted EPS at NTD 3.08, demonstrating the company's ability to avoid typical seasonal revenue declines amid strong demand, thereby boosting market confidence.
- LEAP Services Outlook: The company anticipates LEAP services revenue to exceed USD 3.5 billion in 2026, representing a 10% increase from prior guidance, driven by robust demand for LEAP services, indicating ASE's continued strengthening of its market position in advanced manufacturing.
- Capital Expenditure Plans: ASE plans to increase its capital expenditures for 2026 to NTD 0.9 billion for buildings and infrastructure, along with an additional USD 0.6 billion for machinery, reflecting the company's confidence in future growth driven by rising demand for LEAP services.
- Margin Outlook: The company expects gross margins to improve by 20 to 100 basis points in Q2, with ATM segment margins projected between 26% and 27%, indicating ongoing improvements in cost control and pricing power, which will enhance overall profitability.
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- Earnings Growth: ASE Technology reported a GAAP EPS of NT$0.195 for Q1, with revenue reaching NT$173.66 billion, reflecting a 17.2% year-over-year increase, indicating strong market performance and sustained growth potential.
- Gross Margin Improvement: The gross margin increased by 0.6 percentage points to 20.1% in Q1 from 19.5% in Q4, showcasing effective cost control and pricing strategies that enhance profitability.
- Operating Margin Enhancement: The operating margin rose to 10.1% in Q1 from 9.9% in Q4, reflecting positive changes in operational efficiency and market demand, which contribute to overall financial health.
- Strong ATM Business: ASE's ATM business revenue surged by 33%, with March sales increasing by 19% year-over-year, indicating an expansion in market share and robust customer demand in key business areas.
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- Q1 Earnings Report: ASE Technology Holding reported earnings of 3.08 New Taiwan dollars ($0.098) per share for Q1, indicating stable performance in a challenging economic environment, despite overall market uncertainties.
- Market Reaction: While the earnings data did not significantly exceed market expectations, the company's stable financial performance may positively influence investor confidence moving forward.
- Future Outlook: The company did not provide specific future guidance in its report, which may lead to increased market scrutiny regarding its upcoming performance, with investors closely monitoring developments.
- Industry Context: Against the backdrop of overall volatility in the semiconductor industry, ASE's earnings performance demonstrates resilience, potentially providing a competitive edge in future market dynamics.
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- Revenue Growth: ASE Technology reported net revenues of NT$173.66 billion for Q1 2026, reflecting a year-over-year increase of 17.2%, although down 2.4% sequentially, indicating sustained demand in the semiconductor assembly and testing services sector.
- Profit Improvement: The net income attributable to shareholders reached NT$14.15 billion this quarter, significantly up from NT$7.55 billion in Q1 2025, showcasing a marked improvement in the company's profitability.
- Earnings Per Share: Basic earnings per share stood at NT$3.24 (approximately US$0.205), an 85.7% increase from NT$1.75 in the same quarter last year, demonstrating the company's commitment to enhancing shareholder returns.
- Capital Expenditures: Equipment capital expenditures totaled US$1.003 billion in Q1 2026, with NT$636 million allocated to packaging operations, reflecting the company's strategic investment in future growth.
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- Significant Revenue Growth: ASE Technology reported unaudited net revenues of NT$173.66 billion for Q1 2026, reflecting a 17.2% year-over-year increase despite a 2.4% sequential decline, indicating sustained demand in the semiconductor assembly and testing services sector.
- Net Income Improvement: The net income attributable to shareholders reached NT$14.15 billion for the quarter, a substantial increase from NT$7.55 billion in Q1 2025, showcasing a significant enhancement in profitability, although it decreased from NT$14.71 billion in Q4 2025.
- Earnings Per Share Performance: Basic earnings per share stood at NT$3.24 (approximately US$0.205), a notable rise from NT$1.75 in Q1 2025, reflecting strong profitability, even though it showed a slight decline compared to NT$3.37 in Q4 2025.
- Robust EBITDA: The EBITDA for the first quarter was NT$38.17 billion, demonstrating the company's ongoing efforts in operational efficiency and cost control, despite a slight decrease from NT$38.34 billion in the previous quarter, laying a solid foundation for future growth.
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- Earnings Announcement Schedule: ASE Technology is set to release its Q1 earnings report on April 29 before the market opens, drawing significant attention from investors after notable revenue fluctuations.
- Earnings Expectations: The consensus EPS estimate stands at $0.17, reflecting a staggering 96.5% decline year-over-year, indicating the challenging market conditions the company is navigating.
- Revenue Forecast: The anticipated revenue for Q1 is $5.24 billion, and despite the challenges, the revenue estimates have seen nine upward revisions in the last three months, suggesting a degree of market confidence in the company's future performance.
- Estimation Revision Dynamics: Over the past three months, there has been only one upward revision and no downward adjustments to the EPS estimates, indicating a relatively stable outlook from analysts regarding the company's profitability, which may influence investor sentiment.
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