ASX · PEAD ↓ 68

ASE Group reported Q3 2026 EPS of $0.37 on 2026-10-29, beating the $0.34 consensus by $0.03 (+8.8%).

Print-day reaction was a modest +1.4% from the prior close, a contained initial move that belied the magnitude of what followed. The overnight gap to the T+1 open was a sharp -9.0%, erasing the print-day gain entirely and signalling significant after-hours selling pressure. Over the subsequent two trading days the stock drifted a further -1.1%, offering no recovery and cementing the reversal. Cumulative abnormal return of -8.8% versus SPY.US puts this firmly in PEAD short territory, with the drift reversing the initial positive reaction; the read holds through 2027-01-26.