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ASE Technology Holding Co Ltd (ASX)
NYSE:ASX
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.13Last Year’s EPS
$0.14Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 2.04%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive revenue growth and challenges with increased operating expenses and declining EMS margins. There is optimism in leading-edge advanced packaging, but ongoing cost pressures and a challenging fourth-quarter outlook suggest a balanced sentiment.Company Guidance
In the third quarter 2024 earnings call for ASE Technology Holding, several key financial metrics were highlighted. The company reported a fully diluted EPS of TWD 2.17 and basic EPS of TWD 2.24. Consolidated net revenues rose by 14% sequentially and 4% year-over-year, reaching a gross margin of 16.5%, which marked an improvement of 0.1 percentage points from the previous quarter and 0.3 percentage points from the prior year. Operating profit amounted to TWD 11.5 billion, increasing by TWD 2.5 billion sequentially, while net income was TWD 9.7 billion, reflecting a sequential rise of TWD 1.9 billion. The company’s equipment utilization ranged between 65% to 70%, and they projected a slight quarter-over-quarter revenue growth in their ATM business for the fourth quarter. However, EMS business revenues were expected to decline by mid-single digits due to earlier manufacturing cycles and lackluster demand. The effective tax rate for the quarter was 16%, with a future expectation of approximately 20.5%. Key investments were made in machinery and equipment, exceeding USD 603 million, in anticipation of future growth, particularly in leading-edge advanced packaging and AI-related products.Revenue Growth
Consolidated net revenues increased 14% sequentially and 4% year-over-year. ATM revenue increased 10% sequentially and 3% annually. EMS revenues improved 20% sequentially and 6% year-over-year.
Gross Margin Improvement
Gross margins improved 0.1 percentage points sequentially and 0.3 percentage points year-over-year, with ATM gross profit margin increasing by 1 percentage point sequentially and 0.9 percentage points annually.
Strong Leading-Edge Advanced Packaging Demand
Revenue from leading-edge advanced packaging is expected to grow significantly, projecting a doubling for the fiscal year 2025.
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ASX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ASX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $9.80 | $9.56 | -2.45% |
| Jul 25, 2024 | $10.60 | $10.36 | -2.26% |
| Apr 25, 2024 | $10.16 | $9.94 | -2.17% |
| Feb 01, 2024 | $9.10 | $8.86 | -2.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ASE Technology Holding Co Ltd (ASX) report earnings?
ASE Technology Holding Co Ltd (ASX) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is ASE Technology Holding Co Ltd (ASX) earnings time?
ASE Technology Holding Co Ltd (ASX) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASX EPS forecast?
ASX EPS forecast for the fiscal quarter 2024 (Q4) is $0.13.
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