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

Rhea-AI Summary

ASE Technology Holding Co., (NYSE: ASX, TAIEX: 3711) has released its unaudited consolidated net revenues for July 2024. The company reported consolidated net revenues of NT$51,596 million (US$1,590 million), showing a 10.0% increase from June 2024 and a 6.7% year-over-year growth. For the ATM (assembly, testing, and material) business segment, net revenues reached NT$27,443 million (US$846 million), representing a 5.3% month-over-month increase but a 2.4% year-over-year decrease in USD terms. These figures demonstrate ASE's overall revenue growth and the performance of its core ATM business in the semiconductor industry.

Positive

• Consolidated net revenues increased by 10.0% month-over-month to NT$51,596 million
• Year-over-year growth of 6.7% in consolidated net revenues
• ATM business segment revenues grew 5.3% sequentially to NT$27,443 million

Negative

• ATM business segment revenues decreased 2.4% year-over-year in USD terms

News Market Reaction

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+1.09% News Effect

On the day this news was published, ASX gained 1.09%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

TAIPEI, Aug. 9, 2024 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for July 2024.

CONSOLIDATED NET REVENUES (UNAUDITED)
		Jul		Jun		Jul		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		51,596		46,925		48,353		+10.0 %		+6.7 %
		Jul		Jun		Jul		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		1,590		1,454		1,563		+9.3 %		+1.7 %

 

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

ATM NET REVENUES (UNAUDITED)
		Jul		Jun		Jul		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		27,443		26,058		26,811		+5.3 %		+2.4 %
		Jul		Jun		Jul		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		846		808		867		+4.7 %		-2.4 %

 

*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-302217770.html

SOURCE ASE Technology Holding Co., Ltd.

FAQ

What were ASE Technology Holding's (ASX) consolidated net revenues for July 2024?

ASE Technology Holding's consolidated net revenues for July 2024 were NT$51,596 million (US$1,590 million).

How did ASE Technology Holding's (ASX) July 2024 revenues compare to the previous month?

ASE Technology Holding's July 2024 revenues increased by 10.0% compared to June 2024.

What was the year-over-year change in ASE Technology Holding's (ASX) net revenues for July 2024?

ASE Technology Holding's net revenues for July 2024 showed a 6.7% year-over-year increase.

How did ASE Technology Holding's (ASX) ATM business segment perform in July 2024?

ASE's ATM business segment reported net revenues of NT$27,443 million in July 2024, a 5.3% increase from June 2024 but a 2.4% decrease year-over-year in USD terms.