ASE Tech reports 16% revenue growth in the fourth quarter

  • ASE Technology Holding Co Ltd ASX reported 16% year-over-year revenue growth in the fourth quarter of FY21 to NT$172.94 billion.
  • Packaging net revenue increased 31.6% YoY to NT$75.4 billion, Testing increased 29% to NT$13.8 billion and EMS increased 3 % to reach NT$81.5 billion.
  • Margins: Gross margin decreased by 140 basis points Q/T to 19%.
  • Operating margin was 11.3% in 4Q21, compared to 12.2% in 3Q21.
  • Earnings per ADS of $0.504 per ADS topped consensus of $0.23.
  • The company held NT$76.1 billion in cash and cash equivalents and generated NT$32.9 billion in operating cash flow during the quarter.
  • Price Action: ASX shares closed up 3.46% at $7.48 on Wednesday.

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