- ASE Technology Holding Co, Ltd ASX reported second-quarter FY22 revenue growth of 26% year-on-year to NT$160.4 billion ($5.46 billion), beating the consensus of $5.08 billion.
- ATM net revenues were NT$95 billion, up by 20% Y/Y, and EMS net revenues were NT$66.2 billion, up by 34.7% Y/Y.
- Net Revenues from Packaging rose 21.2% Y/Y to NT$79.9 billion, and Testing increased 17.8% Y/Y to NT$13.8 billion.
- Margins: Gross margin increased 170 bps Q/Q to 21.4%.
- The operating margin was stable at 12.8%.
- Earnings per ADS of $0.25 per ADS beat the consensus of $0.20.
- The company held NT$72.85 billion in cash and equivalents and generated NT$15.03 billion in operating cash flow in the quarter.
- Price Action: ASX shares closed higher by 5.32% at $5.84 on Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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