On August 10, ASE Technology rose 3.08% overnight, trading at 38.25 USD/share, with turnover of approximately $661,000.
The movement was primarily driven by the strong Q2 earnings released on July 30 and continued momentum in advanced packaging demand. ASE Technology reported Q2 EPS of $0.29, beating the analyst consensus estimate of $0.17 by approximately 70.6%, representing a 163.6% year-over-year increase. Quarterly revenue came in at NT$191.06 billion, surpassing the expected NT$188.94 billion, with year-over-year growth of approximately 26.7%.
Additionally, the company has raised advanced packaging prices for the third time this year, with increases of up to 20%, as capacity gaps continue to widen. The ATM business segment delivered a gross margin of 27.3%, up 5.4 percentage points year-over-year, and management indicated Q4 gross margin could break through the 30% structural ceiling. The ATM segment contributed approximately $39.94 billion in Q2 revenue, growing 34.4% year-over-year and serving as the primary growth driver.
(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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