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ASE Technology (ASX) Jumps 23% on Q3 Blowout
Yahoo Financeยท 2025-11-03 06:35
Core Viewpoint - ASE Technology Holding Co., Ltd. (NYSE:ASX) has shown significant performance improvement, with a 23.3% increase in stock value week-on-week, driven by better-than-expected earnings for Q3 [1][3]. Financial Performance - The net income attributable to shareholders increased by 11.7%, reaching NT$10.87 billion compared to NT$9.73 billion in the same period last year [2]. - Net revenues grew by 5.2% year-on-year, amounting to NT$168.5 billion, with packaging operations contributing 47%, EMS operations 41%, testing operations 11%, and other segments 1% [3]. - For the full year, ASE Technology expects to exceed its revenue target of $1.6 billion from assembly and testing services, projecting a 20% year-on-year growth [4]. Future Outlook - The company anticipates a 1-2% revenue growth for Q4, with gross margins expected to increase by 70 to 100 basis points [3]. - ASE Technology plans to increase its full-year capital expenditures (CAPEX) by several hundred million US dollars to support business momentum and customer demands, particularly in wafer probing for AI and non-AI chips [5].