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

Rhea-AI Summary

ASE Technology Holding (NYSE: ASX) reported its unaudited consolidated net revenues for October 2024. The company's consolidated net revenues reached NT$56,426 million (US$1,766 million), showing a 1.5% increase month-over-month and a 0.5% increase year-over-year. The ATM assembly, testing and material business segment recorded net revenues of NT$29,320 million (US$918 million), representing a 0.5% increase sequentially and a 3.5% growth compared to October 2023.

Positive

• Monthly revenue increased 1.5% sequentially to NT$56,426 million
• ATM segment showed 3.5% YoY growth
• Both consolidated and ATM segments showed positive sequential and YoY growth

Negative

• Modest YoY consolidated revenue growth of only 0.5% suggests slow growth

News Market Reaction

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-1.92% News Effect

On the day this news was published, ASX declined 1.92%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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

CONSOLIDATED NET REVENUES (UNAUDITED)

		Oct		Sept		Oct		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		56,426		55,579		56,167		+1.5 %		+0.5 %
		Oct		Sept		Oct		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		1,766		1,739		1,746		+1.6 %		+1.2 %

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

ATM NET REVENUES (UNAUDITED)

		Oct		Sept		Oct		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		29,320		29,172		28,340		+0.5 %		+3.5 %
		Oct		Sept		Oct		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		918		913		881		+0.6 %		+4.2 %

*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

View original content:https://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-announces-monthly-net-revenues-302300760.html

SOURCE ASE Technology Holding Co., Ltd.

FAQ

What was ASE Technology's (ASX) revenue for October 2024?

ASE Technology reported consolidated net revenues of NT$56,426 million (US$1,766 million) for October 2024.

How did ASE Technology's (ASX) ATM segment perform in October 2024?

ASE Technology's ATM segment recorded net revenues of NT$29,320 million (US$918 million), showing a 0.5% sequential increase and 3.5% year-over-year growth.

What was ASE Technology's (ASX) year-over-year revenue growth in October 2024?

ASE Technology's consolidated net revenues showed a 0.5% year-over-year increase in October 2024 compared to October 2023.