ASE Tech Beats On Q2 Earnings, Margin Expands

ASE Tech Beats On Q2 Earnings, Margin Expands
  • ASE Technology Holding Co, Ltd ASX reported second-quarter FY22 revenue growth of 26% year-on-year to NT$160.4 billion ($5.46 billion), beating the consensus of $5.08 billion.
  • ATM net revenues were NT$95 billion, up by 20% Y/Y, and EMS net revenues were NT$66.2 billion, up by 34.7% Y/Y.
  • Net Revenues from Packaging rose 21.2% Y/Y to NT$79.9 billion, and Testing increased 17.8% Y/Y to NT$13.8 billion.
  • Margins: Gross margin increased 170 bps Q/Q to 21.4%.
  • The operating margin was stable at 12.8%.
  • Earnings per ADS of $0.25 per ADS beat the consensus of $0.20.
  • The company held NT$72.85 billion in cash and equivalents and generated NT$15.03 billion in operating cash flow in the quarter.
  • Price Action: ASX shares closed higher by 5.32% at $5.84 on Wednesday.

Posted In: BriefsEarningsNewsTech