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

Rhea-AI Summary

ASE Technology Holding Co., Ltd. (ASX) reported its unaudited consolidated net revenues for October 2022 at NT$ 64,171 million, marking a 3.7% decrease from September 2022 but a 21.7% increase year-over-year. In USD, revenues stood at $2,027 million, down 6.9% sequentially but up 6.9% year-over-year. ATM assembly net revenues also saw a slight sequential increase of 2.2% and a year-over-year rise of 9.0%. This release highlights the company's monthly performance against macroeconomic dynamics affecting the semiconductor industry.

Positive

• Year-over-year revenue growth of 21.7%.
• ATM assembly net revenues increased by 9.0% YoY.

Negative

• Sequential revenue decline of 3.7% in net revenues.
• Sequential revenue decline of 6.9% in USD terms.

TAIPEI, Taiwan, R.O.C., Nov. 9, 2022 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for October 2022.

CONSOLIDATED NET REVENUES (UNAUDITED)

		Oct		Sept		Oct		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		64,171		66,652		52,748		-3.7 %		+21.7 %
		Oct		Sept		Oct		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		2,027		2,176		1,895		-6.9 %		+6.9 %

Pro Forma Basis**

		Oct		Sept		Oct		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		64,171		66,652		50,514		-3.7 %		+27.0 %
		Oct		Sept		Oct		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		2,027		2,176		1,815		-6.9 %		+11.7 %

 

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

ATM NET REVENUES (UNAUDITED)

		Oct		Sept		Oct		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		33,210		32,504		30,472		+2.2 %		+9.0 %
		Oct		Sept		Oct		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		1,049		1,061		1,095		-1.2 %		-4.2 %

Pro Forma Basis**

		Oct		Sept		Oct		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		33,210		32,504		28,237		+2.2 %		+17.6 %
		Oct		Sept		Oct		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		1,049		1,061		1,015		-1.2 %		+3.4 %

 

*This press release is intended to comply with Taiwan regulatory requirements.
** Pro forma basis excludes the 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

View original content:https://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-announces-monthly-net-revenues-301672413.html

SOURCE ASE Technology Holding Co., Ltd.

FAQ

What were ASE Technology Holding's net revenues for October 2022?

ASE Technology Holding reported net revenues of NT$ 64,171 million for October 2022.

How did ASE's October 2022 revenues compare to September 2022?

The revenues for October 2022 decreased by 3.7% compared to September 2022.

What was the year-over-year revenue growth for ASE in October 2022?

ASE experienced a year-over-year revenue growth of 21.7% in October 2022.

What were the ATM assembly net revenues for ASE in October 2022?

The ATM assembly net revenues for October 2022 were NT$ 33,210 million.