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

Rhea-AI Summary

ASE Technology Holding Co., Ltd. (NYSE: ASX) reported its unaudited consolidated net revenues for March and the first quarter of 2023. In March 2023, net revenues reached NT$45,775 million, a 14.5% increase from February but a decline of 11.9% year-over-year. For Q1 2023, total net revenues were NT$130,891 million, reflecting a significant 26.2% decrease compared to Q4 2022 and a 9.3% decrease year-over-year. Notably, net revenues from ATM assembly, testing, and material services were NT$25,771 million in March, up 11.2% sequentially but down 15.6% year-over-year. The company continues to face challenges in revenue generation amidst a fluctuating semiconductor market.

Positive

• March 2023 net revenues increased sequentially by 14.5%.
• ATM assembly and testing revenues grew by 11.2% sequentially in March.

Negative

• First quarter revenues decreased by 26.2% compared to Q4 2022.
• March 2023 revenues showed an 11.9% decline year-over-year.
• Revenue from ATM services down 15.6% year-over-year.

TAIPEI, Taiwan, R.O.C., April 11, 2023 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for March and 1^st quarter of 2023.

CONSOLIDATED NET REVENUES (UNAUDITED)

		Mar		Feb		Mar		Sequential		YoY
(NT$ Million)		2023		2023		2022		Change		Change
Net Revenues		45,775		39,985		51,986		+14.5 %		-11.9 %
		Mar		Feb		Mar		Sequential		YoY
(US$ Million)		2023		2023		2022		Change		Change
Net Revenues		1,500		1,327		1,843		+13.1 %		-18.6 %
		Q1		Q4		Q1		Sequential		YoY
(NT$ Million)		2023		2022		2022		Change		Change
Net Revenues		130,891		177,417		144,391		-26.2 %		-9.3 %
		Q1		Q4		Q1		Sequential		YoY
(US$ Million)		2023		2022		2022		Change		Change
Net Revenues		4,304		5,652		5,182		-23.9 %		-17.0 %

 

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

ATM NET REVENUES (UNAUDITED)

		Mar		Feb		Mar		Sequential		YoY
(NT$ Million)		2023		2023		2022		Change		Change
Net Revenues		25,771		23,177		30,520		+11.2 %		-15.6 %
		Mar		Feb		Mar		Sequential		YoY
(US$ Million)		2023		2023		2022		Change		Change
Net Revenues		844		769		1,082		+9.8 %		-22.0 %
		Q1		Q4		Q1		Sequential		YoY
(NT$ Million)		2023		2022		2022		Change		Change
Net Revenues		73,319		94,322		84,025		-22.3 %		-12.7 %
		Q1		Q4		Q1		Sequential		YoY
(US$ Million)		2023		2022		2022		Change		Change
Net Revenues		2,411		3,005		3,015		-19.8 %		-20.0 %

 

*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 2022 Annual Report on Form 20-F filed on April 10, 2023.

Investor Relations Contact:

ir@aseglobal.com Tel: +886.2.6636.5678 http://www.aseglobal.com

  

 

 

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SOURCE ASE Technology Holding Co., Ltd.

FAQ

What were ASE Technology's net revenues for March 2023?

ASE Technology reported net revenues of NT$45,775 million for March 2023.

How did ASE Technology's Q1 2023 revenues compare to Q4 2022?

Q1 2023 revenues decreased by 26.2% compared to Q4 2022.

What is the year-over-year change of ASE Technology's revenues for March 2023?

ASE Technology experienced an 11.9% decline in revenues year-over-year for March 2023.

What percentage increase did ATM assembly revenues see in March 2023?

ATM assembly revenues increased by 11.2% sequentially in March 2023.

What were the total net revenues for ASE Technology in Q1 2023?

Total net revenues for Q1 2023 were NT$130,891 million.