On August 10, ASE Technology rose 3.48% in pre-market trading, trading at $38.95/share, with turnover of $113,100.
On the news front, the company reported July revenue of NT$73.78 billion ($2.31 billion), up 43% year-over-year, with assembly, testing and material (ATM) revenue surging 49.5% to NT$47.52 billion. Additionally, Q2 earnings released on July 30 showed EPS of $0.29, beating the analyst consensus estimate of $0.17 by approximately 71%. Quarterly revenue reached NT$191.06 billion, exceeding the expected NT$188.94 billion.
On the fundamental side, the advanced packaging capacity gap continues to widen, with the company raising advanced packaging prices for the third time this year, with increases up to 20%. ATM business gross margin reached 27.3%, up 5.4 percentage points year-over-year, and management indicated Q4 gross margin could break through the 30% structural ceiling, signaling a clear improvement in profitability.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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