Overview
ASE Technology Q3 revenue grows 5.3% yr/yr, sequential increase of 11.8%
Net income for Q3 rises to NT$10,870 mln, up from NT$9,733 mln in 3Q24
Basic EPS for Q3 increases to NT$2.50 from NT$2.25 in 3Q24
Outlook
Company did not provide specific guidance for future quarters or the full year
Result Drivers
ATM SEGMENT GROWTH - Net revenues from ATM operations rose 16.9% yr/yr, driven by strong demand for semiconductor assembly and testing services
EMS REBOUND - EMS operations saw a sequential revenue increase of 17.4%, despite a yr/yr decline
MARGIN IMPROVEMENT - Gross margin increased to 17.1% and operating margin to 7.8% in Q3, reflecting cost management and operational efficiencies
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | T$168.56 bln | ||
Q3 EPS | T$2.41 | ||
Q3 Net Income | T$10.87 bln | ||
Q3 Gross Margin | 17.10% | ||
Q3 Basic EPS | T$2.50 | ||
Q3 EBIT Margin | 7.80% | ||
Q3 Pretax Profit | T$13.97 bln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"
Wall Street's median 12-month price target for ASE Technology Holding Co Ltd is $13.00, about 11% below its October 29 closing price of $14.43
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 15 three months ago
Press Release: ID:nPn8pNJ1Ja
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)