ASE Technology Holding Third Quarter 2024 Earnings: Beats Expectations

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

Key Financial Results

• Revenue: NT$160.1b (up 3.9% from 3Q 2023).
• Net income: NT$9.67b (up 10% from 3Q 2023).
• Profit margin: 6.0% (up from 5.7% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$2.24 (up from NT$2.04 in 3Q 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 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 3.7%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan.

Performance of the Taiwanese Semiconductor industry.

The company's shares are down 3.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for ASE Technology Holding that you need to be mindful of.

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