ASE Technology Holding Second Quarter 2024 Earnings: Beats Expectations

ASE Technology Holding (TWSE:3711) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$140.2b (up 2.9% from 2Q 2023).
• Net income: NT$7.78b (flat on 2Q 2023).
• Profit margin: 5.6% (down from 5.7% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$1.80 (in line with 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ASE Technology Holding Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan.

Performance of the Taiwanese Semiconductor industry.

The company's shares are up 8.4% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for ASE Technology Holding that you should be aware of before investing here.

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