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

Rhea-AI Summary

ASE Technology Holding Co., (NYSE: ASX) reported its unaudited consolidated net revenues for November 2024. The company's consolidated net revenues reached NT$52,933 million (US$1,648 million), showing a 6.2% decrease from October 2024 and a 2.9% decline year-over-year.

For the ATM assembly, testing and material business segment, net revenues were NT$29,185 million (US$909 million), representing a 0.5% decrease sequentially but a 6.3% increase compared to November 2023.

Positive

• ATM business segment showed 6.3% year-over-year growth in net revenues
• ATM revenue remained relatively stable with only 0.5% sequential decline

Negative

• Overall consolidated net revenues declined 2.9% year-over-year
• Monthly consolidated net revenues decreased 6.2% compared to previous month
• Total revenue in USD terms fell 6.7% month-over-month

Insights

Financial Analyst

ASE Technology's November revenue metrics reveal mixed signals in the semiconductor packaging sector. The 1.65B overall monthly revenue shows concerning sequential and year-over-year declines of 6.7% and 2.6% respectively. However, the ATM (Assembly, Testing and Material) segment demonstrates resilience with a 6.6% year-over-year growth to 909M, despite a slight sequential dip. The divergence between total revenue and ATM performance suggests potential shifts in product mix or pricing dynamics. The sequential decline is particularly noteworthy as it comes during what's typically a strong seasonal period, potentially indicating broader semiconductor market challenges or inventory adjustments by customers.

Market Research Analyst

The contrasting performance between ASE's overall business and its ATM segment provides valuable insights into current semiconductor industry dynamics. While the core ATM services show healthy year-over-year growth of 6.3%, the broader revenue decline suggests pressure in other business segments. This pattern aligns with ongoing semiconductor industry trends where advanced packaging services remain robust while other areas face headwinds. The 6.2% sequential drop in total revenue warrants attention as it could signal shifting market conditions. This monthly revenue report serves as a useful barometer for broader semiconductor industry health, given ASE's position as a leading global provider of semiconductor packaging and testing services.

TAIPEI, Dec. 10, 2024 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for November 2024.

CONSOLIDATED NET REVENUES (UNAUDITED)

		Nov		Oct		Nov		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		52,933		56,426		54,509		-6.2 %		-2.9 %
		Nov		Oct		Nov		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		1,648		1,766		1,693		-6.7 %		-2.6 %

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

ATM NET REVENUES (UNAUDITED)

		Nov		Oct		Nov		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		29,185		29,320		27,446		-0.5 %		+6.3 %
		Nov		Oct		Nov		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		909		918		852		-1.0 %		+6.6 %

*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. 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.  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

What was ASX's net revenue for November 2024?

ASX reported net revenues of NT$52,933 million (US$1,648 million) for November 2024.

How did ASX's ATM business segment perform in November 2024?

ASX's ATM business segment generated net revenues of NT$29,185 million (US$909 million), showing a 6.3% increase year-over-year but a 0.5% decrease from October 2024.

What was the year-over-year change in ASX's consolidated revenue for November 2024?

ASX's consolidated net revenues decreased by 2.9% compared to November 2023.