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

Rhea-AI Summary

ASE Technology Holding (NYSE: ASX) has released its unaudited consolidated net revenues for December, Q4, and full year 2024. The company reported December 2024 net revenues of NT$52,905 million, showing a slight decrease of 0.1% from November but a 6.0% increase year-over-year.

For Q4 2024, consolidated net revenues reached NT$162,264 million, up 1.3% sequentially and 1.0% year-over-year. The full-year 2024 revenues totaled NT$595,410 million, representing a 2.3% increase from 2023.

The ATM (assembly, testing, and material) business segment showed stronger growth, with December 2024 revenues of NT$29,858 million, up 2.3% sequentially and 13.9% year-over-year. The ATM segment's Q4 2024 revenues were NT$88,363 million, increasing 3.0% sequentially and 7.8% year-over-year.

Positive

• ATM segment showed strong growth with 13.9% YoY increase in December
• Q4 consolidated revenues increased 1.3% sequentially to NT$162,264 million
• Full-year 2024 revenues grew 2.3% to NT$595,410 million
• ATM Q4 revenues grew 7.8% YoY to NT$88,363 million

Negative

• December net revenues declined 0.1% sequentially
• Full-year 2024 revenues in USD decreased 0.5% YoY

Insights

Financial Analyst

ASE Technology's December 2024 financial results reveal several notable trends. The ATM (Assembly, Testing and Material) segment showed robust growth with a 13.9% year-over-year increase in December revenues, reaching NT$29,858 million. This segment's performance significantly outpaced the overall company growth, indicating strong demand in semiconductor packaging and testing services.

The consolidated quarterly results demonstrate resilience with Q4 2024 revenues of US$5,046 million, marking a 1.8% sequential increase and a modest 0.4% year-over-year growth. While full-year 2024 revenues in USD terms showed a slight decline of 0.5% to US$18,596 million, the NT$ denominated results paint a more positive picture with a 2.3% increase, suggesting currency fluctuations impacted the reported figures.

The divergence between ATM and overall performance suggests a strategic shift toward higher-margin assembly and testing services, potentially indicating improved profitability despite modest top-line growth. The sequential improvement in Q4 2024 amid challenging market conditions demonstrates operational resilience and effective market positioning.

Market Research Analyst

The semiconductor packaging industry dynamics are clearly reflected in ASE's results. The strong performance in ATM services, particularly the 7.8% year-over-year growth in Q4 2024, aligns with increasing demand for advanced packaging solutions driven by AI, automotive and high-performance computing applications. The sustained growth in this segment, even as overall revenues show modest gains, indicates a strategic focus on high-value services.

The divergence between USD and NT$ results highlights the impact of currency movements on multinational semiconductor companies. The 2.3% growth in NT$ terms versus -0.5% in USD suggests that while underlying business fundamentals remain solid, currency headwinds affected reported figures. This pattern is particularly relevant for investors assessing comparable companies in the semiconductor supply chain.

TAIPEI, Jan. 10, 2025 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its revised unaudited consolidated net revenues for December, 4^th quarter and full year of 2024.

CONSOLIDATED NET REVENUES (UNAUDITED)

		Dec		Nov		Dec		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		52,905		52,933		49,906		-0.1 %		+6.0 %
		Dec		Nov		Dec		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		1,632		1,648		1,589		-1.0 %		+2.6 %
		Q4		Q3		Q4		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		162,264		160,105		160,581		+1.3 %		+1.0 %
		Q4		Q3		Q4		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		5,046		4,956		5,028		+1.8 %		+0.4 %
		Full Year		Full Year						YoY
(NT$ Million)		2024		2023						Change
Net Revenues		595,410		581,914						+2.3 %
		Full Year		Full Year						YoY
(US$ Million)		2024		2023						Change
Net Revenues		18,596		18,688						-0.5 %

 

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

ATM NET REVENUES (UNAUDITED)

		Dec		Nov		Dec		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		29,858		29,185		26,218		+2.3 %		+13.9 %
		Dec		Nov		Dec		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		921		909		835		+1.3 %		+10.3 %
		Q4		Q3		Q4		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		88,363		85,791		82,004		+3.0 %		+7.8 %
		Q4		Q3		Q4		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		2,747		2,655		2,568		+3.5 %		+7.0 %
		Full Year		Full Year						YoY
(NT$ Million)		2024		2023						Change
Net Revenues		325,875		315,114						+3.4 %
		Full Year		Full Year						YoY
(US$ Million)		2024		2023						Change
Net Revenues		10,178		10,128						+0.5 %

*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 https://www.aseglobal.com

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SOURCE ASE Technology Holding Co., Ltd.

FAQ

What was ASX's revenue growth in Q4 2024?

ASX reported Q4 2024 consolidated net revenues of NT$162,264 million, showing a 1.3% sequential increase and a 1.0% year-over-year growth.

How did ASX's ATM segment perform in December 2024?

ASX's ATM segment recorded net revenues of NT$29,858 million in December 2024, showing a 2.3% sequential increase and a 13.9% year-over-year growth.

What was ASX's full-year revenue performance in 2024?

ASX's full-year 2024 consolidated net revenues reached NT$595,410 million, representing a 2.3% increase from 2023, though USD revenues decreased 0.5%.

How did ASX's ATM segment perform in Q4 2024?

ASX's ATM segment achieved Q4 2024 revenues of NT$88,363 million, showing a 3.0% sequential increase and a 7.8% year-over-year growth.