ASE Technology Holding Co, Ltd (NYSE:ASX) reported a third-quarter net revenue decline of 18% year-on-year to NT$154.17 billion ($4.87 billion), missing the consensus of $5.12 billion. The revenue of the Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM) peer grew by 13% quarter-on-quarter.
Net revenues for ATM (assembly, testing, and material) business was NT$83.68 billion, down by 15% Y/Y and up by 10% Q/Q.
EMS (electronic manufacturing services) net revenues were NT$70.97 billion, down by 22% Y/Y and up by 18% Q/Q.
Gross margin increased by 20 bps Q/Q to 16.2%. The operating margin grew by 50 bps Q/Q to 7.4%.
Diluted EPS was NT$2.00 (or $0.127 per ADS) vs. consensus $0.13.
Capital expenditures totaled $239 million.
Price Action: ASX shares traded higher by 3.49% at $7.72 premarket on the last check Thursday.
