ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*

Rhea-AI Summary

ASE Technology Holding Co., (ASX) reported April 2024 consolidated net revenues of NT$ 45,820 million (+0.3% sequentially, +5.8% YoY) and US$ 1,430 million (-1.3% sequentially, +0.3% YoY). ATM net revenues were NT$ 25,188 million (-2.1% sequentially, +8.0% YoY) and US$ 786 million (-3.7% sequentially, +2.4% YoY).

Positive

• Consolidated net revenues increased both sequentially and YoY, showing growth in the company's performance.

Negative

• ATM net revenues decreased sequentially, which may indicate challenges in that segment of the business.

Insights

Financial Analyst

Assessing ASE Technology Holding Co., Ltd.'s monthly net revenues provides insight into the company's short-term earning trends. The reported +5.8% year-over-year growth in net revenues, despite a slight sequential decrease in US dollar terms, suggests a solid demand for the company's services. This mild contraction could be attributed to currency fluctuations rather than a decline in business operations. However, investors should consider the broader semiconductor industry's performance to gauge whether ASEH is outpacing or trailing its competitors. The +8.0% year-over-year growth in the ATM net revenues is particularly notable, indicating a robust performance in their core business segment. These figures merit attention, but one must also be cautious and look at a longer time horizon to discern if these represent sustainable trends.

Market Research Analyst

The semiconductor industry is cyclical and sensitive to global economic conditions. ASE Technology Holding's increase in net revenues, especially the +8.0% year-over-year rise in their ATM business, reflects potentially stronger market demand or market share gains. Coupled with the overall year-over-year revenue increase, this could posit a favorable market position relative to their competitors. However, the month-to-month revenue changes, such as the ATM net revenue's -3.7% decrease from March to April, could suggest either normal market fluctuations or a possible cooling period. Market trends and future guidance from ASEH should be closely watched to determine the sustainability of their growth trajectory.

TAIPEI, May 9, 2024 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for April 2024.

CONSOLIDATED NET REVENUES (UNAUDITED)

		Apr		Mar		Apr		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		45,820		45,661		43,315		+0.3 %		+5.8 %
		Apr		Mar		Apr		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		1,430		1,449		1,426		-1.3 %		+0.3 %

Net revenues for ATM assembly, testing and material business are as follows:

ATM NET REVENUES (UNAUDITED)

		Apr		Mar		Apr		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		25,188		25,723		23,321		-2.1 %		+8.0 %
		Apr		Mar		Apr		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		786		816		768		-3.7 %		+2.4 %

*This press release is intended to comply with Taiwan regulatory requirements.

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. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. 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 Republic of China and the People's Republic of China; general economic and political conditions; the recent shift in United States trade policies; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors.  The announced results of the first quarter of 2024 are preliminary and subject to audit adjustments. For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including the 2023 Annual Report on Form 20-F filed on April 3, 2024.

Investor Relations Contact:

ir@aseglobal.com Tel: +886.2.6636.5678 https://www.aseglobal.com

 

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SOURCE ASE Technology Holding Co., Ltd.

FAQ

<p>What are the consolidated net revenues reported by ASE Technology Holding Co., for April 2024?</p>

ASE Technology Holding Co., reported consolidated net revenues of NT$ 45,820 million and US$ 1,430 million for April 2024.

<p>How did the net revenues for ATM assembly, testing, and material business perform in April 2024?</p>

The net revenues for ATM assembly, testing, and material business were NT$ 25,188 million and US$ 786 million in April 2024.