ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*
ASE Technology Holding Co., (NYSE: ASX, TAIEX: 3711) has released its unaudited consolidated net revenues for September and the 3rd quarter of 2024.
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Rhea-AI Summary
ASE Technology Holding Co., (NYSE: ASX, TAIEX: 3711) has released its unaudited consolidated net revenues for September and the 3rd quarter of 2024. Key highlights include:
- September 2024 net revenues: NT$55,579 million (US$1,739 million), up 5.0% month-over-month and 3.8% year-over-year.
- Q3 2024 net revenues: NT$160,105 million (US$4,956 million), up 14.2% quarter-over-quarter and 3.9% year-over-year.
- ATM (assembly, testing, and material) business segment:
- September 2024 net revenues: NT$29,172 million (US$913 million), flat month-over-month and up 2.8% year-over-year.
- Q3 2024 net revenues: NT$85,791 million (US$2,655 million), up 10.3% quarter-over-quarter and 2.5% year-over-year.
Positive
- Net revenues for September 2024 increased by 5.0% month-over-month and 3.8% year-over-year
- Q3 2024 net revenues grew by 14.2% quarter-over-quarter and 3.9% year-over-year
- ATM business segment showed growth with Q3 2024 net revenues up 10.3% quarter-over-quarter
Negative
- ATM business segment's Q3 2024 net revenues in US$ decreased by 0.2% year-over-year
Details
News Market Reaction – ASX
The recorded move for ASX in the trading session of this news was -0.20%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
Sept | Aug | Sept | Sequential | YoY | ||||||
(NT$ Million) | 2024 | 2024 | 2023 | Change | Change | |||||
Net Revenues | 55,579 | 52,930 | 53,535 | +5.0 % | +3.8 % | |||||
Sept | Aug | Sept | Sequential | YoY | ||||||
(US$ Million) | 2024 | 2024 | 2023 | Change | Change | |||||
Net Revenues | 1,739 | 1,627 | 1,681 | +6.9 % | +3.4 % | |||||
Q3 |
Q2 |
Q3 |
Sequential |
YoY | ||||||
(NT$ Million) | 2024 | 2024 | 2023 | Change | Change | |||||
Net Revenues | 160,105 | 140,238 | 154,167 | +14.2 % | +3.9 % | |||||
Q3 | Q2 | Q3 | Sequential | YoY | ||||||
(US$ Million) | 2024 | 2024 | 2023 | Change | Change | |||||
Net Revenues | 4,956 | 4,351 | 4,899 | +13.9 % | +1.2 % |
Net revenues for ATM assembly, testing and material business are as follows:
Sept | Aug | Sept | Sequential | YoY | ||||||
(NT$ Million) | 2024 | 2024 | 2023 | Change | Change | |||||
Net Revenues | 29,172 | 29,175 | 28,375 | -0.0 % | +2.8 % | |||||
Sept | Aug | Sept | Sequential | YoY | ||||||
(US$ Million) | 2024 | 2024 | 2023 | Change | Change | |||||
Net Revenues | 913 | 897 | 891 | +1.8 % | +2.4 % | |||||
Q3 |
Q2 |
Q3 |
Sequential |
YoY | ||||||
(NT$ Million) | 2024 | 2024 | 2023 | Change | Change | |||||
Net Revenues | 85,791 | 77,813 | 83,684 | +10.3 % | +2.5 % | |||||
Q3 | Q2 | Q3 | Sequential | YoY | ||||||
(US$ Million) | 2024 | 2024 | 2023 | Change | Change | |||||
Net Revenues | 2,655 | 2,414 | 2,660 | +10.0 % | -0.2 % |
*This press release is intended to comply with
Safe Harbor Notice:
This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. The words "anticipate," "believe," "estimate," "expect," "intend," "plan" and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release. These forward-looking statements are necessarily estimates reflecting the best judgment of our senior management and our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied by the forward-looking statements for reasons including, among others, risks associated with cyclicality and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the strained relationship between the
Investor Relations Contact:
ir@aseglobal.com Tel: +886.2.6636.5678 |
View original content:https://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-announces-monthly-net-revenues-302270894.html
SOURCE ASE Technology Holding Co., Ltd.
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