ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*
- ASE Technology Holding Co., Ltd. (NYSE: ASX) announced a decrease in consolidated net revenues for February 2024 compared to January 2024 and February 2023.
- The company's sequential net revenue decrease was 16.1% in NT$ and 16.8% in US$ compared to the previous month.
- Year-over-year, ASE Technology Holding Co., Ltd. (NYSE: ASX) saw a 0.6% decrease in NT$ and a 4.3% decrease in US$ in net revenues for February 2024.
- The ATM assembly, testing, and material business of ASE Technology Holding Co., Ltd. (NYSE: ASX) experienced a sequential net revenue decrease of 6.4% in NT$ and 7.2% in US$ for February 2024 compared to January 2024.
- Year-over-year, the ATM business saw a 0.5% increase in NT$ and a 3.3% decrease in US$ in net revenues for February 2024.
- The decrease in net revenues for ASE Technology Holding Co., Ltd. (NYSE: ASX) raises concerns about the company's financial performance.
- The sequential and year-over-year declines in net revenues may impact investor confidence in ASE Technology Holding Co., Ltd. (NYSE: ASX).
Insights
The revised unaudited consolidated net revenues for ASE Technology Holding Co., Ltd. indicate a sequential decline of 16.1% in net revenues from January to February 2024, with a slight year-over-year decrease of 0.6%. In USD terms, the decline is more pronounced at 16.8% sequentially and 4.3% year-over-year. This contraction could signal a potential softening in demand or operational challenges. Investors should consider the implications of these figures on the company's financial health and future earnings potential. The semiconductor industry is cyclical and revenue fluctuations are not uncommon; however, the extent of the decline may warrant a closer examination of market conditions and internal company factors.
ASE Technology's specific segment in ATM assembly, testing and material business shows a 6.4% sequential decrease but a marginal year-over-year growth of 0.5%. The US dollar figures reflect a 7.2% sequential decrease and a 3.3% year-over-year decline. These figures suggest that while the company may be maintaining stability in its core business on a year-over-year basis, there are challenges in the short term that need to be addressed. It's important to analyze the competitive landscape and technological advancements in the semiconductor sector to understand the impact on ASE Technology's market share and revenue trajectory. Additionally, macroeconomic factors such as currency exchange rates could have played a role in the reported figures, especially when considering the differences between NT$ and US$ reported revenues.
From an economic standpoint, the reported revenue figures from ASE Technology could be indicative of broader economic trends, such as global semiconductor demand fluctuations or supply chain disruptions. The semiconductor industry is a bellwether for the tech sector and often reflects broader economic conditions. The decrease in revenue, especially in US dollars, might suggest not only a potential slowdown in the industry but also the impact of currency valuation changes, which can affect multinational companies' reported earnings. Investors should consider macroeconomic indicators and forecasts when assessing the potential long-term performance of companies like ASE Technology.
CONSOLIDATED NET REVENUES (UNAUDITED)
Feb | Jan | Feb | Sequential | YoY | ||||||
(NT$ Million) | 2024 | 2024 | 2023 | Change | Change | |||||
Net Revenues | 39,751 | 47,390 | 39,985 | -16.1 % | -0.6 % | |||||
Feb | Jan | Feb | Sequential | YoY | ||||||
(US$ Million) | 2024 | 2024 | 2023 | Change | Change | |||||
Net Revenues | 1,269 | 1,525 | 1,327 | -16.8 % | -4.3 % |
Net revenues for ATM assembly, testing and material business are as follows:
ATM NET REVENUES (UNAUDITED)
Feb | Jan | Feb | Sequential | YoY | ||||||
(NT$ Million) | 2024 | 2024 | 2023 | Change | Change | |||||
Net Revenues | 23,291 | 24,894 | 23,177 | -6.4 % | +0.5 % | |||||
Feb | Jan | Feb | Sequential | YoY | ||||||
(US$ Million) | 2024 | 2024 | 2023 | Change | Change | |||||
Net Revenues | 744 | 801 | 769 | -7.2 % | -3.3 % |
*This press release is intended to comply with
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
Investor Relations Contact:
ir@aseglobal.com Tel: +886.2.6636.5678 |
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SOURCE ASE Technology Holding Co., Ltd.
FAQ
What was the sequential change in net revenues for ASE Technology Holding Co., Ltd. (NYSE: ASX) in NT$ for February 2024?
How did ASE Technology Holding Co., Ltd. (NYSE: ASX) perform year-over-year in US$ net revenues for February 2024?
What was the change in net revenues for the ATM business of ASE Technology Holding Co., Ltd. (NYSE: ASX) in US$ for February 2024 compared to January 2024?
