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ASE Technology Reports Mixed Q4 Results Amid Varied Sector Performance

Sequential revenue growth contrasts with annual declines, highlighting volatile semiconductor market dynamics
a 3711.TW Blue Chip 150 Tech 350 Semicon 75
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ASE Technology Holding Co., Ltd., a leader in semiconductor assembly and testing services (ATM) and electronic manufacturing services (EMS), disclosed its fourth-quarter financial performance, evidencing a mixed outcome. The company’s unaudited net revenues reached NT$160,581 million in Q4 2023, marking a 9.5% decrease year-over-year yet a 4.2% increase from the previous quarter. Shareholders saw a decline in net income to NT$9,392 million from NT$15,730 million in Q4 2022 but an improvement from NT$8,776 million in Q3 2023.

Earnings per share for the quarter stood at NT$2.18 (US$0.137 per ADS), lower than the NT$3.77 recorded in the same period last year but higher than the NT$2.04 in the third quarter. A slight dip in gross margin to 16.0% from 16.2% in Q3 2023 was reported, alongside consistent operating margins of 7.4%.

The full-year figures also presented challenges, with net revenues for 2023 totaling NT$581,914 million, a 13% decrease from 2022. Net income for the year was NT$31,725 million, down significantly from the previous year’s NT$62,090 million. Despite these declines, ASEH highlighted its diverse revenue sources and strategic investments in capital expenditures totaling US$914 million for the year, aiming for long-term growth despite short-term market fluctuations. The company’s reliance on its major customers remained substantial, with significant contributions to its revenue stream, underlining the importance of strong client relationships in navigating the semiconductor industry’s volatility.

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