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

Rhea-AI Summary

ASE Technology Holding (NYSE: ASX) reported its May 2025 unaudited consolidated net revenues, showing mixed results. The company's consolidated net revenues reached NT$49,027 million (US$1,587 million), representing a 6.1% decrease month-over-month but a 3.2% increase year-over-year. The ATM (assembly, testing and material) business segment demonstrated stronger performance, with net revenues of NT$30,581 million (US$990 million), showing a 15.1% year-over-year growth despite a 2.3% sequential decline. In US dollar terms, ATM revenues increased by 3.8% from April 2025 and showed significant growth of 20.6% compared to May 2024.

Positive

• ATM business segment showed strong YoY growth of 20.6% in USD terms
• Overall consolidated revenues increased 8.1% YoY in USD terms
• ATM revenues improved 3.8% month-over-month in USD terms

Negative

• Consolidated net revenues declined 6.1% month-over-month in NT$ terms
• ATM segment revenues decreased 2.3% sequentially in NT$ terms

Insights

Semiconductor Industry Analyst

ASE reports mixed May results: overall revenue down 6.1% month-over-month but core ATM business shows strength with 3.8% USD growth.

ASE Technology's May 2025 results present a mixed picture with some interesting nuances when examining the data closely. Overall consolidated net revenues dropped 6.1% sequentially in NT$ terms, falling from NT$52,211 million to NT$49,027 million. However, in US dollar terms, the decline was minimal at just 0.2%, suggesting significant currency effects impacting the reported figures.

The most encouraging signal comes from ASE's core ATM (assembly, testing and material) business segment, which demonstrated notable resilience. While ATM revenues declined 2.3% month-over-month in NT$ terms, they actually increased by 3.8% in US dollar terms from $953 million to $990 million. This divergence between NT$ and USD performance indicates favorable currency dynamics for this business segment.

Year-over-year comparisons are uniformly positive, with consolidated revenues up 3.2% in NT$ and 8.1% in USD. Most impressive is the ATM segment's year-over-year growth of 15.1% in NT$ and 20.6% in USD, demonstrating strong fundamental demand for the company's core semiconductor packaging and testing services despite broader industry cyclicality.

The sequential overall revenue decline likely reflects normal monthly fluctuations rather than a concerning trend, especially given the solid year-over-year growth and the strength in the strategically important ATM segment. The semiconductor assembly and test market typically experiences short-term volatility, but ASE's ability to maintain year-over-year growth suggests healthy underlying demand fundamentals in their core business areas.

TAIPEI, June 10, 2025 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its revised unaudited consolidated net revenues for May 2025.

CONSOLIDATED NET REVENUES (UNAUDITED)

		May		Apr		May		Sequential		YoY
(NT$ Million)		2025		2025		2024		Change		Change
Net Revenues		49,027		52,211		47,493		-6.1 %		+3.2 %
		May		Apr		May		Sequential		YoY
(US$ Million)		2025		2025		2024		Change		Change
Net Revenues		1,587		1,590		1,467		-0.2 %		+8.1 %

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

ATM NET REVENUES (UNAUDITED)

		May		Apr		May		Sequential		YoY
(NT$ Million)		2025		2025		2024		Change		Change
Net Revenues		30,581		31,312		26,568		-2.3 %		+15.1 %
		May		Apr		May		Sequential		YoY
(US$ Million)		2025		2025		2024		Change		Change
Net Revenues		990		953		821		+3.8 %		+20.6 %

*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. 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. 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 2024 Annual Report on Form 20-F filed on March 27, 2025.

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-302477082.html

SOURCE ASE Technology Holding Co., Ltd.

FAQ

What were ASE Technology's (ASX) revenue results for May 2025?

ASE Technology reported consolidated net revenues of NT$49,027 million (US$1,587 million) for May 2025, showing a 6.1% decrease from April but a 3.2% increase year-over-year.

How did ASE Technology's ATM business perform in May 2025?

ASE's ATM business recorded net revenues of NT$30,581 million (US$990 million), showing a 15.1% YoY growth and a 20.6% increase in USD terms compared to May 2024.

What was ASE Technology's (ASX) month-over-month revenue growth in May 2025?

ASE's consolidated revenues decreased 6.1% month-over-month in NT$ terms, while in USD terms the decline was 0.2%.

How much did ASE Technology's (ASX) revenue grow year-over-year in May 2025?

ASE's consolidated revenues grew 3.2% year-over-year in NT$ terms and 8.1% in USD terms compared to May 2024.