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

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ASE Technology Holding Co., Announces Unaudited Consolidated Net Revenues for March and 1st Quarter of 2024
Positive
  • ASE Technology Holding Co., (NYSE: ASX) reported a 19.4% sequential increase in net revenues for March 2024 compared to February 2024.
  • The company's unaudited consolidated net revenues for the first quarter of 2024 were NT$132,803 million, showing a 17.3% decrease from the previous quarter.
  • ASE Technology Holding Co., also disclosed a 10.4% sequential growth in net revenues for ATM assembly, testing, and material business in March 2024.
Negative
  • - The company experienced a 15.6% decrease in net revenues for the first quarter of 2024 compared to the same period in 2023 in US dollars.
  • - Net revenues for ATM assembly, testing, and material business declined by 8.1% in the first quarter of 2024 compared to the same period in 2023.

Insights

ASE Technology Holding Co., Ltd.'s recently reported financial figures indicate a mixed performance with a slight year-over-year growth in net revenues for the first quarter of 2024, despite a decrease compared to the previous quarter. The sequential drop in net revenues from Q4 2023 to Q1 2024 by 17.3% in NT$ terms and 15.6% in US$ terms is notable and could reflect seasonal trends or a slowdown in demand. However, the modest year-over-year increase of 1.5% in NT$ and a decrease of 1.4% in US$ suggest stability in the company's revenue stream.

Investors should consider the potential implications of these figures on the company's stock performance. While the company is managing to maintain its revenue year-over-year, the significant sequential decrease could be a red flag that warrants closer inspection. It may also impact investor sentiment and future stock price movements. The stability in the ATM assembly, testing and material business segment, with a slight year-over-year growth, is a positive sign that this segment is maintaining its revenue base.

The semiconductor industry is known for its cyclical nature and ASE Technology's performance needs to be contextualized within this framework. The reported decrease in net revenues on a sequential basis could be indicative of broader market conditions or competitive dynamics. For instance, if the industry is facing an oversupply or if there's a downturn in demand for electronics, this could explain the revenue drop.

Furthermore, the slight year-over-year revenue growth in a highly competitive market might suggest that ASE Technology is holding its ground against competitors. However, the negative growth in US dollar terms could be attributed to currency fluctuations, which are critical to consider when evaluating a company's performance in the global market. Stakeholders should monitor industry trends, such as shifts in demand for semiconductor components and the competitive landscape, to better understand ASE Technology's future revenue potential.

From an economic perspective, the reported figures could be influenced by macroeconomic factors such as currency exchange rates, trade policies and global economic conditions. The discrepancy between the NT$ and US$ revenue figures suggests that currency exchange rates have played a role. This impact of foreign exchange rates on international businesses can affect profit margins and the value of foreign revenue when converted back to the company's reporting currency.

Additionally, the global economic climate, including trade tensions or changes in consumer spending due to economic uncertainty, can also affect the semiconductor industry. It is essential for investors to consider these external economic factors when evaluating ASE Technology's financial health and its ability to navigate the complex global economic environment.

TAIPEI, April 9, 2024 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for March and 1st quarter of 2024.

CONSOLIDATED NET REVENUES (UNAUDITED)


Mar


Feb


Mar


Sequential


YoY

(NT$ Million)


2024


2024


2023


Change


Change

Net Revenues


45,661


39,751


45,775


+19.4 %


-0.2 %














Mar


Feb


Mar


Sequential


YoY

(US$ Million)


2024


2024


2023


Change


Change

Net Revenues


1,449


1,269


1,500


+14.1 %


-3.4 %



Q1


Q4


Q1


Sequential


YoY

(NT$ Million)


2024


2023


2023


Change


Change

Net Revenues


132,803


160,581


130,891


-17.3 %


+1.5 %














Q1


Q4


Q1


Sequential


YoY

(US$ Million)


2024


2023


2023


Change


Change

Net Revenues


4,243


5,028


4,304


-15.6 %


-1.4 %

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

ATM NET REVENUES (UNAUDITED)


Mar


Feb


Mar


Sequential


YoY

(NT$ Million)


2024


2024


2023


Change


Change

Net Revenues


25,723


23,291


25,771


+10.4 %


-0.2 %














Mar


Feb


Mar


Sequential


YoY

(US$ Million)


2024


2024


2023


Change


Change

Net Revenues


816


744


844


+9.7 %


-3.4 %



Q1


Q4


Q1


Sequential


YoY

(NT$ Million)


2024


2023


2023


Change


Change

Net Revenues


73,908


82,004


73,319


-9.9 %


+0.8 %














Q1


Q4


Q1


Sequential


YoY

(US$ Million)


2024


2023


2023


Change


Change

Net Revenues


2,361


2,568


2,411


-8.1 %


-2.1 %

 

*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



Cision View original content:https://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-announces-monthly-net-revenues-302111132.html

SOURCE ASE Technology Holding Co., Ltd.

FAQ

What was the sequential change in net revenues for ASE Technology Holding Co., in March 2024?

ASE Technology Holding Co., reported a 19.4% sequential increase in net revenues for March 2024 compared to February 2024.

How did the company's unaudited consolidated net revenues for the first quarter of 2024 perform?

The company's unaudited consolidated net revenues for the first quarter of 2024 were NT$132,803 million, showing a 17.3% decrease from the previous quarter.

What was the sequential change in net revenues for ATM assembly, testing, and material business in March 2024?

ASE Technology Holding Co., disclosed a 10.4% sequential growth in net revenues for ATM assembly, testing, and material business in March 2024.

How did net revenues for ATM assembly, testing, and material business perform in the first quarter of 2024 compared to the same period in 2023?

Net revenues for ATM assembly, testing, and material business declined by 8.1% in the first quarter of 2024 compared to the same period in 2023.

ASE Technology Holding Co., Ltd.

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