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ASE Technology Reports Mixed Q1 Performance, Margins Shrink

ASE Technology Holding Co, Ltd (NYSE:ASX) reported a first-quarter net revenue decline of 9% year-on-year to NT$130.89 billion. The…
byAnusuya Lahiri
April 27, 2023
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  • ASE Technology Holding Co, Ltd (NYSE:ASX) reported a first-quarter net revenue decline of 9% year-on-year to NT$130.89 billion. The revenue declined by 26% quarter-on-quarter.
  • Net revenues for ATM (assembly, testing, and material) business was NT$73.32 billion, down by 13% Y/Y and 22% Q/Q. 
  • EMS (electronic manufacturing services) net revenues were NT$57.73 billion, down by 31% Q/Q.
  • Gross margin decreased by 440 bps Q/Q to 14.8%.
  • The operating margin declined by 520 bps Q/Q to 5.9%.
  • Diluted EPS was NT$1.30 (or $0.086 per ADS).
  • Capital expenditures totaled $231 million.
  • Price Action: ASX shares traded higher by 0.59% at $6.85 on the last check Thursday.
 
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