ASEH Reports Dec Revenue Down 8.4% MoM, Q4 Down 9.5% YoY

TL;DR

**ASEH's December and Q4 revenues are down, signaling potential weakness.**

AI Summary

ASE Technology Holding Co., Ltd. (NYSE: ASX) announced on January 9, 2024, that its December 2023 net revenues were NT$49,906 million (US$1,589 million), representing an 8.4% sequential decrease from November 2023 and a 6.1% year-over-year decrease from December 2022. For the fourth quarter of 2023, consolidated net revenues were NT$160,581 million (US$5,028 million), a 4.2% sequential increase but a 9.5% year-over-year decline. This matters to investors because the sequential decline in December revenues and the year-over-year drop in Q4 revenues suggest a weakening demand environment or increased competition, potentially impacting future profitability and stock performance.

Why It Matters

The reported declines in monthly and quarterly revenues indicate potential headwinds for ASE Technology Holding, which could affect its financial performance and investor confidence.

Risk Assessment

Risk Level: medium — The sequential and year-over-year revenue declines indicate potential business challenges, warranting a medium risk assessment for investors.

Analyst Insight

A smart investor would closely monitor ASE Technology Holding's upcoming earnings calls for management's commentary on demand trends and future guidance, especially given the year-over-year revenue declines in Q4 2023 and December.

Key Numbers

• NT$49,906 million — December 2023 Net Revenues (Represents an 8.4% sequential decrease and 6.1% YoY decrease.)
• US$1,589 million — December 2023 Net Revenues (Represents a 6.1% sequential decrease and 8.5% YoY decrease.)
• NT$160,581 million — Q4 2023 Net Revenues (Represents a 4.2% sequential increase but a 9.5% YoY decrease.)
• US$5,028 million — Q4 2023 Net Revenues (Represents a 2.6% sequential increase but an 11.0% YoY decrease.)
• -8.4% — December 2023 Sequential Change (NT$) (Decrease in net revenues from November 2023 to December 2023.)
• -6.1% — December 2023 YoY Change (NT$) (Decrease in net revenues from December 2022 to December 2023.)
• -9.5% — Q4 2023 YoY Change (NT$) (Decrease in net revenues from Q4 2022 to Q4 2023.)

Key Players & Entities

• ASE Technology Holding Co., Ltd. (company) — the registrant announcing its revenues
• Joseph Tung (person) — Chief Financial Officer who signed the report
• NT$49,906 million (dollar_amount) — December 2023 consolidated net revenues
• US$1,589 million (dollar_amount) — December 2023 consolidated net revenues
• NT$160,581 million (dollar_amount) — Q4 2023 consolidated net revenues
• US$5,028 million (dollar_amount) — Q4 2023 consolidated net revenues

Forward-Looking Statements

• ASE Technology Holding Co., Ltd. may face continued revenue pressure in Q1 2024 due to the observed year-over-year declines. (ASE Technology Holding Co., Ltd.) — medium confidence, target: Q1 2024 earnings report
• The stock price of ASE Technology Holding Co., Ltd. (ASX) could experience volatility following this revenue announcement. (ASX) — medium confidence, target: January 2024

FAQ

Filing Documents

• dp205077_6k.htm (6-K) — 46KB
• image_001.jpg (GRAPHIC) — 4KB
• 0000950103-24-000453.txt ( ) — 53KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ASE TECHNOLOGY HOLDING CO., LTD. Date: January 9, 2024 By: /s/ Joseph Tung Name: Joseph Tung Title: Chief Financial Officer Investor Relations Contact: ir@aseglobal.com Tel: +886.2.6636.5678 https://www.aseglobal.com ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues* Taipei, Taiwan, R.O.C., January 9, 2024 – ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, “ASEH” or the “ Company ”), announces its revised unaudited consolidated net revenues for December, 4 th quarter and full year of 2023. Consolidated net revenues (unaudited) Dec Nov Dec Sequential YoY (NT$ Million) 2023 2023 2022 Change Change Net Revenues 49,906 54,509 53,139 -8.4% -6.1% Dec Nov Dec Sequential YoY (US$ Million) 2023 2023 2022 Change Change Net Revenues 1,589 1,693 1,736 -6.1% -8.5% Q4 Q3 Q4 Sequential YoY (NT$ Million) 2023 2023 2022 Change Change Net Revenues 160,581 154,167 177,417 +4.2% -9.5% Q4 Q3 Q4 Sequential YoY (US$ Million) 2023 2023 2022 Change Change Net Revenues 5,028 4,899 5,652 +2.6% -11.0% Full Year Full Year YoY (NT$ Million) 2023 2022 Change Net Revenues 581,914 670,873 -13.3% Full Year Full Year YoY (US$ Million) 2023 2022 Change Net Revenues 18,688 22,579 -17.2% Net revenues for ATM assembly, testing and material business are as follows: atm net revenues (unaudited) Dec Nov Dec Sequential YoY (NT$ Million) 2023 2023 2022 Change Change Net Revenues 26,218 27,446 28,462 -4.5% -7.9% Dec Nov Dec Sequential YoY (US$ Million) 2023 2023 2022 Change Change Net Revenues 835 852

View Full Filing

View this 6-K filing on SEC EDGAR