ASE Technology Falls Short Of Revenue Goals, Delivers Mixed Q1 Results

Benzinga04-25

ASE Technology Holding Co, Ltd (NYSE:ASX) reported a fiscal first-quarter 2024 net revenue growth of 1.5% year-on-year to NT$132.80 billion ($4.24 billion), missing the consensus of $4.41 billion. The revenue declined by 17.3% quarter-on-quarter.

Net revenues for ATM (assembly, testing, and material) business was NT$73.91 billion, up by 0.8% Y/Y and down by 9.9% Q/Q.

EMS (electronic manufacturing services) net revenues were NT$59.37 billion, up by 2.8% Y/Y and down by 25.0% Q/Q.

Gross margin increased by 94 bps Y/Y to 15.7%. The operating margin declined by 21 bps Y/Y to 5.7%.

Diluted EPS was NT$1.28 (or $0.084 per ADS) vs. consensus $0.100.

Capital expenditures totaled $228 million.

ASE Technology Holding stock gained over 44% in the last 12 months. Investors can gain exposure to the stock via IShares Semiconductor ETF (NASDAQ:SOXX) and First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV).

Price Action: ASX shares are down 2.2% at $10.13 at the time of publication Thursday.

Now Read: US Growth Slows In Q1, Yet Inflation Acceleration Signals Stagflation: ‘The Worst Possible Outcome For The Fed’

Image generated using artificial intelligence via Midjourney.

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Investors can gain exposure to the stock via <strong>IShares Semiconductor ETF</strong> (NASDAQ:SOXX) and <strong>First Trust NASDAQ Technology Dividend Index Fund</strong> (NASDAQ:TDIV).</p>\n<p><strong>Price Action:</strong> ASX shares are down 2.2% at $10.13 at the time of publication Thursday.</p>\n<p><em>Now Read: US Growth Slows In Q1, Yet Inflation Acceleration Signals Stagflation: ‘The Worst Possible Outcome For The Fed’</em></p>\n<p><em>Image generated using artificial intelligence via Midjourney.</em></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASE Technology Falls Short Of Revenue Goals, Delivers Mixed Q1 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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