ASPEED Technology, Inc. AI Stock Analysis
ASPEED Technology, Inc. (5274) AI Stock Analysis
ASPEED Technology, Inc.
(TPEx:5274)
ASPEED earns a solid overall score driven by exceptional financial quality: rapid revenue and earnings growth, ~64%+ gross margins, a virtually debt-free balance sheet, ~52% return on equity and high-quality free cash flow. Offsetting this are weak technicals — the stock sits well below all major moving averages with deeply negative MACD momentum — and a demanding valuation at a 77.6x P/E with only a 0.64% dividend yield. Combined with the sector's proven cyclicality, these factors temper what is otherwise an outstanding fundamental profile.
ASPEED Technology, Inc. (5274) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 519.79B
- Dividend Yield
- 0.58%
- Average Volume (3M)
- 360.74K
- Price to Earnings (P/E)
- 84.6
- Beta (1Y)
- 1.41
- Revenue Growth
- 62.91%
- EPS Growth
- 66.83%
- Country
- TW
- Employees
- 45
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
ASPEED Technology, Inc. Business Overview & Revenue Model
Company Description
Based in Hsinchu City, Taiwan, ASPEED Technology Inc. operates globally as a prominent fabless integrated circuit (IC) design enterprise, with significant operations spanning Taiwan, China, the United States, and other international markets. Their di...
ASPEED Technology, Inc. Financial Statement Overview
Summary
ASPEED shows best-in-class fundamentals: revenue up ~41% to NT$9.08bn, operating margin expanding to 51.3%, net margin 43.2%, and net income up over 50% to NT$3.93bn. The balance sheet is effectively debt-free (debt/equity 0.04) with return on equity near 52%, and cash generation is excellent with free cash flow of NT$4.38bn converting at ~94% of net income on minimal capex. The key caveat is cyclicality and server-supply-chain concentration — the 2023 downturn saw revenue fall ~40% and free cash flow drop more than 80% — and today's record margins leave limited room for upside surprise.
Income Statement
93Very PositiveBalance Sheet
95Very PositiveCash Flow
92Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.79B | 9.08B | 6.46B | 3.13B | 5.21B | 3.64B |
| Gross Profit | 8.16B | 5.85B | 4.15B | 2.01B | 3.39B | 2.38B |
| EBITDA | 6.85B | 4.98B | 3.43B | 1.51B | 2.86B | 1.83B |
| Net Income | 5.67B | 3.93B | 2.57B | 1.01B | 2.11B | 1.31B |
Balance Sheet | ||||||
| Total Assets | 14.33B | 10.33B | 7.73B | 4.54B | 5.93B | 4.56B |
| Cash, Cash Equivalents and Short-Term Investments | 9.36B | 6.30B | 4.01B | 1.98B | 3.36B | 2.51B |
| Total Debt | 300.49M | 313.90M | 197.47M | 28.03M | 40.02M | 61.36M |
| Total Liabilities | 6.51B | 2.76B | 2.09B | 710.27M | 1.44B | 1.01B |
| Stockholders Equity | 7.79B | 7.57B | 5.64B | 3.83B | 4.49B | 3.55B |
Cash Flow | ||||||
| Free Cash Flow | 5.25B | 4.38B | 2.92B | 366.73M | 2.15B | 1.57B |
| Operating Cash Flow | 5.63B | 4.66B | 3.14B | 518.77M | 2.31B | 1.69B |
| Investing Cash Flow | -2.36B | -554.69M | -345.48M | -402.00K | -175.00M | -373.92M |
| Financing Cash Flow | -2.00B | -1.99B | -781.41M | -1.73B | -1.35B | -916.47M |
ASPEED Technology, Inc. Peers Comparison
Overall Rating
TW:526981Outperform
TW:303468Neutral- TW:527467Neutral
TW:344363Neutral
TW:366163Neutral
TW:652663Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:5269 | 81Outperform | TWD 83.43B | 12.10 | ― | 3.80% | 5.30% | 51.53% |
| TW:3034 | 68Neutral | TWD 292.00B | 14.61 | ― | 4.78% | 2.41% | 13.76% |
| TW:5274 | 67Neutral | TWD 495.40B | 84.57 | ― | 0.58% | 62.91% | 66.83% |
| TW:3443 | 63Neutral | TWD 960.87B | 161.75 | ― | 0.25% | 103.50% | 91.89% |
| TW:3661 | 63Neutral | TWD 293.99B | 51.20 | ― | 0.89% | 8.49% | 27.68% |
| TW:6526 | 63Neutral | TWD 114.91B | 38.14 | ― | 1.86% | 9.57% | 7.98% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:5274 | ASPEED Technology, Inc. | 12555.00 | 6822.35 | 119.01% | |
| TW:3034 | Novatek Microelectronics Corp. | 481.00 | 105.63 | 28.14% | |
| TW:3443 | Global Unichip Corp. | 7885.00 | 6018.50 | 322.45% | |
| TW:3661 | Alchip Technologies Ltd. | 3650.00 | 152.34 | 4.36% | |
| TW:5269 | Asmedia Technology Inc. | 1195.00 | -79.41 | -6.23% | |
| TW:6526 | Airoha Technology Corp. | 726.00 | 269.66 | 59.09% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 09, 2026