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 September and the 3rd quarter of 2024. Key highlights include:

- September 2024 net revenues: NT$55,579 million (US$1,739 million), up 5.0% month-over-month and 3.8% year-over-year.

- Q3 2024 net revenues: NT$160,105 million (US$4,956 million), up 14.2% quarter-over-quarter and 3.9% year-over-year.

- ATM (assembly, testing, and material) business segment:

• September 2024 net revenues: NT$29,172 million (US$913 million), flat month-over-month and up 2.8% year-over-year.
• Q3 2024 net revenues: NT$85,791 million (US$2,655 million), up 10.3% quarter-over-quarter and 2.5% year-over-year.

Positive

• Net revenues for September 2024 increased by 5.0% month-over-month and 3.8% year-over-year
• Q3 2024 net revenues grew by 14.2% quarter-over-quarter and 3.9% year-over-year
• ATM business segment showed growth with Q3 2024 net revenues up 10.3% quarter-over-quarter

Negative

• ATM business segment's Q3 2024 net revenues in US$ decreased by 0.2% year-over-year

Insights

Financial Analyst

ASE Technology Holding's September 2024 financial results show positive momentum. Consolidated net revenues increased by 5.0% month-over-month and 3.8% year-over-year to NT$55,579 million. For Q3 2024, revenues grew 14.2% sequentially and 3.9% year-over-year to NT$160,105 million.

The ATM (assembly, testing and material) segment, which is important for semiconductor packaging and testing, showed stability with a slight 2.8% year-over-year increase in September. Q3 ATM revenues grew 10.3% sequentially to NT$85,791 million, indicating robust demand in the semiconductor industry.

These results suggest ASE is benefiting from the ongoing global chip demand and potentially gaining market share. The strong sequential growth in Q3 could indicate a recovery in the semiconductor cycle, which is positive for ASE's near-term outlook. Investors should monitor whether this growth trend continues and how it translates into profitability in the full earnings report.

TAIPEI, Oct. 9, 2024 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for September and 3^rd quarter of 2024.

CONSOLIDATED NET REVENUES (UNAUDITED)

		Sept		Aug		Sept		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		55,579		52,930		53,535		+5.0 %		+3.8 %
		Sept		Aug		Sept		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		1,739		1,627		1,681		+6.9 %		+3.4 %
		Q3		Q2		Q3		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		160,105		140,238		154,167		+14.2 %		+3.9 %
		Q3		Q2		Q3		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		4,956		4,351		4,899		+13.9 %		+1.2 %

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

ATM NET REVENUES (UNAUDITED)

		Sept		Aug		Sept		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		29,172		29,175		28,375		-0.0 %		+2.8 %
		Sept		Aug		Sept		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		913		897		891		+1.8 %		+2.4 %
		Q3		Q2		Q3		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		85,791		77,813		83,684		+10.3 %		+2.5 %
		Q3		Q2		Q3		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		2,655		2,414		2,660		+10.0 %		-0.2 %

*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

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SOURCE ASE Technology Holding Co., Ltd.

FAQ

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

ASE Technology Holding's net revenues for September 2024 were NT$55,579 million (US$1,739 million).

How did ASE Technology Holding's (ASX) Q3 2024 net revenues compare to Q3 2023?

ASE Technology Holding's Q3 2024 net revenues were NT$160,105 million, a 3.9% increase compared to Q3 2023.

What was the quarter-over-quarter growth in ASE Technology Holding's (ASX) ATM business segment for Q3 2024?

The ATM business segment's net revenues for Q3 2024 grew by 10.3% quarter-over-quarter to NT$85,791 million.

Did ASE Technology Holding (ASX) experience year-over-year growth in September 2024 revenues?

Yes, ASE Technology Holding experienced a 3.8% year-over-year growth in net revenues for September 2024.