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

Rhea-AI Summary

ASE Technology Holding Co., Ltd. (ASX) reported consolidated net revenues of NT$66,652 million for September 2022, marking a 4.5% sequential increase and a 24.0% year-over-year rise. For Q3 2022, the company achieved net revenues of NT$188,626 million, up 17.6% sequentially and 25.2% year-over-year. Notably, ATM assembly, testing, and material businesses reported September revenues of NT$32,504 million, a slight 1.2% decrease sequentially but a 7.2% year-over-year gain. The pro forma basis also revealed strong growth in Q3 revenue, reflecting solid operational performance.

Positive

• Consolidated net revenues for September 2022 rose to NT$66,652 million, a 4.5% increase from August.
• Year-over-year revenue growth of 24.0% in September 2022 highlights strong market demand.
• Q3 2022 net revenues reached NT$188,626 million, a 17.6% sequential increase and 25.2% year-over-year growth.
• Pro forma revenues for Q3 2022 increased by 31.1% year-over-year, indicating robust operational strength.

Negative

• ATM assembly, testing, and material segment revenues decreased by 1.2% sequentially in September.
• Year-over-year revenue for the ATM segment showed only a 7.2% increase, lower than overall company performance.

TAIPEI, Taiwan, R.O.C., Oct. 11, 2022 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for September and 3^rd quarter of 2022.

Consolidated net revenues (unaudited)

		Sept		Aug		Sept		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		66,652		63,807		53,735		+4.5 %		+24.0 %
		Sept		Aug		Sept		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		2,176		2,134		1,939		+2.0 %		+12.2 %
		Q3		Q2		Q3		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		188,626		160,439		150,665		+17.6 %		+25.2 %
		Q3		Q2		Q3		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		6,264		5,480		5,422		+14.3 %		+15.5 %

Pro Forma Basis**

		Sept		Aug		Sept		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		66,652		63,807		51,559		+4.5 %		+29.3 %
		Sept		Aug		Sept		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		2,176		2,134		1,861		+2.0 %		+16.9 %
		Q3		Q2		Q3		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		188,626		160,439		143,893		+17.6 %		+31.1 %
		Q3		Q2		Q3		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		6,264		5,480		5,178		+14.3 %		+21.0 %

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

atm net revenues (unaudited)

		Sept		Aug		Sept		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		32,504		32,892		30,328		-1.2 %		+7.2 %
		Sept		Aug		Sept		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		1,061		1,100		1,095		-3.5 %		-3.1 %
		Q3		Q2		Q3		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		98,831		94,999		90,092		+4.0 %		+9.7 %
		Q3		Q2		Q3		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		3,284		3,246		3,242		+1.2 %		+1.3 %

Pro Forma Basis**

		Sept		Aug		Sept		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		32,504		32,892		28,151		-1.2 %		+15.5 %
		Sept		Aug		Sept		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		1,061		1,100		1,016		-3.5 %		+4.4 %
		Q3		Q2		Q3		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		98,831		94,999		83,321		+4.0 %		+18.6 %
		Q3		Q2		Q3		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		3,284		3,246		2,998		+1.2 %		+9.5 %

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

** Pro forma basis excludes the disposed China Sites.

Investor Relations Contact:

ir@aseglobal.com, 

Tel: +886.2.6636.5678, 

http://www.aseglobal.com

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.

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SOURCE ASE Technology Holding Co., Ltd.

FAQ

What were ASE Technology's net revenues for September 2022?

ASE Technology reported net revenues of NT$66,652 million for September 2022.

How did ASE Technology perform in the third quarter of 2022?

In Q3 2022, ASE Technology achieved net revenues of NT$188,626 million, marking a 17.6% sequential increase.

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

The year-over-year revenue growth for ASE Technology in September 2022 was 24.0%.

How did the ATM segment perform in September 2022?

The ATM assembly, testing, and material segment reported revenues of NT$32,504 million in September 2022, a 1.2% decrease sequentially.

What were the pro forma revenues for ASE Technology in Q3 2022?

Pro forma revenues for ASE Technology in Q3 2022 were NT$188,626 million, showing a 31.1% increase year-over-year.