- ASE Technology Holding Co, Ltd (NYSE:ASX) reported first-quarter FY22 revenue growth of 21% year-on-year to NT$144.4 billion ($5.16 billion), beating the consensus of $4.97 billion.
- ATM net revenues were NT$84 billion, down by 9% Q/Q, EMS net revenues were NT$61.2 billion, down by 25% Q/Q.
- Net Revenues from Packaging rose 15.8% Y/Y to NT$68.4 billion, Testing increased 13.1% to NT$12.6 billion, and EMS rose 28.3% to NT$61.2 billion.
- Margins: Gross margin increased 70 bps Q/Q to 19.7%.
- The operating margin was 11.2%, compared to 11.3% in Q4.
- Earnings per ADS of $0.21 per ADS beat the consensus of $0.17.
- The company held NT$84.4 billion in cash and equivalents and generated NT$27.2 billion in operating cash flow in the quarter.
- Price Action: ASX shares traded higher by 11.50% at $6.95 on the last check Thursday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Why ASE Technology Shares Are Rising Today
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks