ASE Technology Clocks 25% Net Revenue Growth In Q3 Backed By ATM, EMS

ASE Technology Holding Co, Ltd ASX reported its unaudited consolidated net revenues for the third quarter of FY22.
ASE reported a 25% year-on-year net revenue growth to NT$188.63 billion. It grew 31% Y/Y on a pro forma basis.
Net revenues for ATM (assembly, testing, and material) business was NT$98.8 billion, up 10% Y/Y and 4% Q/Q. It grew 19% Y/Y on a pro forma basis.
EMS (electronic manufacturing services) net revenues were NT$90.66 billion, up 37% Q/Q.
Gross margin decreased by 130 bps to 20.1%.
The operating margin was 12.6% in 3Q22, compared to 12.8% in 2Q22.
Diluted EPS was NT$3.92 (or $0.260 per ADS).
Capital expenditures in Q3 totaled $400 million.
Price Action: ASX shares traded higher by 2.50% at $5.32 on the last check Thursday.

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