ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*
- ASE Technology Holding Co., (NYSE: ASX) reported a 19.4% sequential increase in net revenues for March 2024 compared to February 2024.
- The company's unaudited consolidated net revenues for the first quarter of 2024 were NT$132,803 million, showing a 17.3% decrease from the previous quarter.
- ASE Technology Holding Co., also disclosed a 10.4% sequential growth in net revenues for ATM assembly, testing, and material business in March 2024.
- - The company experienced a 15.6% decrease in net revenues for the first quarter of 2024 compared to the same period in 2023 in US dollars.
- - Net revenues for ATM assembly, testing, and material business declined by 8.1% in the first quarter of 2024 compared to the same period in 2023.
ASE Technology Holding Co., Ltd.'s recently reported financial figures indicate a mixed performance with a slight year-over-year growth in net revenues for the first quarter of 2024, despite a decrease compared to the previous quarter. The sequential drop in net revenues from Q4 2023 to Q1 2024 by 17.3% in NT$ terms and 15.6% in US$ terms is notable and could reflect seasonal trends or a slowdown in demand. However, the modest year-over-year increase of 1.5% in NT$ and a decrease of 1.4% in US$ suggest stability in the company's revenue stream.
Investors should consider the potential implications of these figures on the company's stock performance. While the company is managing to maintain its revenue year-over-year, the significant sequential decrease could be a red flag that warrants closer inspection. It may also impact investor sentiment and future stock price movements. The stability in the ATM assembly, testing and material business segment, with a slight year-over-year growth, is a positive sign that this segment is maintaining its revenue base.
The semiconductor industry is known for its cyclical nature and ASE Technology's performance needs to be contextualized within this framework. The reported decrease in net revenues on a sequential basis could be indicative of broader market conditions or competitive dynamics. For instance, if the industry is facing an oversupply or if there's a downturn in demand for electronics, this could explain the revenue drop.
Furthermore, the slight year-over-year revenue growth in a highly competitive market might suggest that ASE Technology is holding its ground against competitors. However, the negative growth in US dollar terms could be attributed to currency fluctuations, which are critical to consider when evaluating a company's performance in the global market. Stakeholders should monitor industry trends, such as shifts in demand for semiconductor components and the competitive landscape, to better understand ASE Technology's future revenue potential.
From an economic perspective, the reported figures could be influenced by macroeconomic factors such as currency exchange rates, trade policies and global economic conditions. The discrepancy between the NT$ and US$ revenue figures suggests that currency exchange rates have played a role. This impact of foreign exchange rates on international businesses can affect profit margins and the value of foreign revenue when converted back to the company's reporting currency.
Additionally, the global economic climate, including trade tensions or changes in consumer spending due to economic uncertainty, can also affect the semiconductor industry. It is essential for investors to consider these external economic factors when evaluating ASE Technology's financial health and its ability to navigate the complex global economic environment.
Mar | Feb | Mar | Sequential | YoY | ||||||
(NT$ Million) | 2024 | 2024 | 2023 | Change | Change | |||||
Net Revenues | 45,661 | 39,751 | 45,775 | +19.4 % | -0.2 % | |||||
Mar | Feb | Mar | Sequential | YoY | ||||||
(US$ Million) | 2024 | 2024 | 2023 | Change | Change | |||||
Net Revenues | 1,449 | 1,269 | 1,500 | +14.1 % | -3.4 % | |||||
Q1 | Q4 | Q1 | Sequential | YoY | ||||||
(NT$ Million) | 2024 | 2023 | 2023 | Change | Change | |||||
Net Revenues | 132,803 | 160,581 | 130,891 | -17.3 % | +1.5 % | |||||
Q1 | Q4 | Q1 | Sequential | YoY | ||||||
(US$ Million) | 2024 | 2023 | 2023 | Change | Change | |||||
Net Revenues | 4,243 | 5,028 | 4,304 | -15.6 % | -1.4 % |
Net revenues for ATM assembly, testing and material business are as follows:
Mar | Feb | Mar | Sequential | YoY | ||||||
(NT$ Million) | 2024 | 2024 | 2023 | Change | Change | |||||
Net Revenues | 25,723 | 23,291 | 25,771 | +10.4 % | -0.2 % | |||||
Mar | Feb | Mar | Sequential | YoY | ||||||
(US$ Million) | 2024 | 2024 | 2023 | Change | Change | |||||
Net Revenues | 816 | 744 | 844 | +9.7 % | -3.4 % | |||||
Q1 | Q4 | Q1 | Sequential | YoY | ||||||
(NT$ Million) | 2024 | 2023 | 2023 | Change | Change | |||||
Net Revenues | 73,908 | 82,004 | 73,319 | -9.9 % | +0.8 % | |||||
Q1 | Q4 | Q1 | Sequential | YoY | ||||||
(US$ Million) | 2024 | 2023 | 2023 | Change | Change | |||||
Net Revenues | 2,361 | 2,568 | 2,411 | -8.1 % | -2.1 % |
*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
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SOURCE ASE Technology Holding Co., Ltd.
FAQ
What was the sequential change in net revenues for ASE Technology Holding Co., in March 2024?
How did the company's unaudited consolidated net revenues for the first quarter of 2024 perform?
What was the sequential change in net revenues for ATM assembly, testing, and material business in March 2024?
How did net revenues for ATM assembly, testing, and material business perform in the first quarter of 2024 compared to the same period in 2023?
