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

Rhea-AI Summary

ASE Technology Holding Co., Ltd. (ASX) reported strong unaudited consolidated net revenues for March 2022, totaling NT$51,986 million (US$1,843 million), marking an 18.6% sequential increase and a 23.8% year-over-year growth. However, the first quarter net revenues fell to NT$144,391 million (US$5,182 million), down 16.5% sequentially but up 20.9% year-over-year. ATM assembly, testing, and material segments showed positive trends, with March revenues reaching NT$30,520 million (US$1,082 million), up 17.4% sequentially and 18.6% year-over-year.

Positive

• March 2022 net revenues increased by 18.6% sequentially and 23.8% year-over-year to NT$51,986 million (US$1,843 million).
• First-quarter net revenues rose 20.9% year-over-year to NT$144,391 million (US$5,182 million).
• ATM business revenues for March 2022 increased by 17.4% sequentially and 18.6% year-over-year.

Negative

• First-quarter net revenues decreased by 16.5% sequentially.
• First-quarter net revenues for ATM assembly fell 8.6% sequentially.

TAIPEI, Taiwan, R.O.C., April 11, 2022 /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 2022.

Consolidated net revenues (unaudited)

		Mar		Feb		Mar		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		51,986		43,831		42,002		+18.6%		+23.8%
		Mar		Feb		Mar		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		1,843		1,579		1,490		+16.7%		+23.7%
		Q1		Q4		Q1		Sequential		YoY
(NT$ Million)		2022		2021		2021		Change		Change
Net Revenues		144,391		172,936		119,470		-16.5%		+20.9%
		Q1		Q4		Q1		Sequential		YoY
(US$ Million)		2022		2021		2021		Change		Change
Net Revenues		5,182		6,226		4,222		-16.8%		+22.8%

Pro Forma Basis**

		Mar		Feb		Mar		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		51,986		43,831		40,009		+18.6%		+29.9%
		Mar		Feb		Mar		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		1,843		1,579		1,419		+16.7%		+29.9%
		Q1		Q4		Q1		Sequential		YoY
(NT$ Million)		2022		2021		2021		Change		Change
Net Revenues		144,391		166,158		113,843		-13.1%		+26.8%
		Q1		Q4		Q1		Sequential		YoY
(US$ Million)		2022		2021		2021		Change		Change
Net Revenues		5,182		5,982		4,023		-13.4%		+28.8%

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

atm net revenues (unaudited)

		Mar		Feb		Mar		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		30,520		25,996		25,733		+17.4%		+18.6%
		Mar		Feb		Mar		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		1,082		937		913		+15.5%		+18.5%
		Q1		Q4		Q1		Sequential		YoY
(NT$ Million)		2022		2021		2021		Change		Change
Net Revenues		84,025		91,958		73,767		-8.6%		+13.9%
		Q1		Q4		Q1		Sequential		YoY
(US$ Million)		2022		2021		2021		Change		Change
Net Revenues		3,015		3,310		2,607		-8.9%		+15.7%

Pro Forma Basis**

		Mar		Feb		Mar		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		30,520		25,996		23,740		+17.4%		+28.6%
		Mar		Feb		Mar		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		1,082		937		842		+15.5%		+28.5%
		Q1		Q4		Q1		Sequential		YoY
(NT$ Million)		2022		2021		2021		Change		Change
Net Revenues		84,025		85,180		68,139		-1.4%		+23.3%
		Q1		Q4		Q1		Sequential		YoY
(US$ Million)		2022		2021		2021		Change		Change
Net Revenues		3,015		3,066		2,408		-1.7%		+25.5%

*This press release is intended to comply with Taiwan regulatory requirements.

** Pro forma basis excludes the 4 disposed China Sites.

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 2021 Annual Report on Form 20-F filed on March 29, 2022.

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 2022?

ASE Technology's net revenues for March 2022 were NT$51,986 million (US$1,843 million), representing an 18.6% sequential increase and a 23.8% year-over-year growth.

How did ASE Technology perform in Q1 2022 compared to Q1 2021?

In Q1 2022, ASE Technology's net revenues were NT$144,391 million (US$5,182 million), which is an increase of 20.9% year-over-year.

What was the performance of ASE Technology's ATM business in March 2022?

ASE Technology's ATM business reported net revenues of NT$30,520 million (US$1,082 million) in March 2022, up 17.4% sequentially and 18.6% year-over-year.

Did ASE Technology see a decline in revenues in Q1 2022?

Yes, ASE Technology's Q1 2022 net revenues decreased by 16.5% sequentially compared to Q4 2021.