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

Rhea-AI Summary

ASE Technology Holding Co., (NYSE: ASX, TAIEX: 3711, 'ASEH') announced its unaudited consolidated net revenues for May 2024. The company reported a 3.7% month-over-month increase in NT$ net revenues, totaling NT$47,493 million. Year-over-year, this represents a 2.7% increase. In US$ terms, net revenues rose by 2.6% from April 2024 but saw a 2.7% decline compared to May 2023.

The ATM assembly, testing, and material business segment reported a 5.5% sequential increase in NT$ net revenues, amounting to NT$26,568 million, with a year-over-year increase of 1.3%. In US$ terms, this segment saw a 4.4% sequential rise but a 4.1% decline year-over-year.

Positive

• Net revenues for May 2024 totaled NT$47,493 million, a 3.7% increase from April 2024.
• Year-over-year, NT$ net revenues grew by 2.7%.
• The ATM assembly, testing, and material business segment saw a 5.5% month-over-month increase in NT$ net revenues.
• Sequentially, the ATM business segment's US$ net revenues rose by 4.4%.

Negative

• In US$ terms, net revenues for May 2024 declined by 2.7% year-over-year.
• The ATM business segment's US$ net revenues decreased by 4.1% compared to May 2023.

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TAIPEI, June 11, 2024 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for May 2024.

CONSOLIDATED NET REVENUES (UNAUDITED)
		May		Apr		May		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		47,493		45,820		46,239		+3.7 %		+2.7 %
		May		Apr		May		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		1,467		1,430		1,508		+2.6 %		-2.7 %

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

ATM NET REVENUES (UNAUDITED)
		May		Apr		May		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		26,568		25,188		26,232		+5.5 %		+1.3 %
		May		Apr		May		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		821		786		856		+4.4 %		-4.1 %

*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

 

View original content:https://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-announces-monthly-net-revenues-302168910.html

SOURCE ASE Technology Holding Co., Ltd.

FAQ

What were ASE Technology's consolidated net revenues for May 2024?

ASE Technology's consolidated net revenues for May 2024 were NT$47,493 million.

How did ASE Technology's May 2024 revenues compare to April 2024?

ASE Technology's May 2024 revenues increased by 3.7% compared to April 2024.

What was the year-over-year change in ASE Technology's net revenues for May 2024 in NT$?

The year-over-year change in ASE Technology's net revenues for May 2024 in NT$ was a 2.7% increase.

How did the ATM business segment perform in May 2024?

The ATM business segment reported NT$26,568 million in revenues, a 5.5% increase from April 2024 and a 1.3% increase year-over-year.

What was the sequential change in US$ net revenues for ASE Technology's ATM business in May 2024?

The sequential change in US$ net revenues for ASE Technology's ATM business in May 2024 was a 4.4% increase.

Did ASE Technology's net revenues for May 2024 increase or decrease in US$ terms year-over-year?

ASE Technology's net revenues for May 2024 decreased by 2.7% year-over-year in US$ terms.