ASE Technology sees drop of 18.6% in March revenue
- ASE Technology (NYSE:ASX) has reported March net revenue of ~$1.5B, up 13.1% sequentially and down 18.6% Y/Y.
- Net revenue for ATM assembly, testing and material business was ~$844M, up 9.8% sequentially and down -22.0% Y/Y.
- Q1 Net revenues declined 17.0% Y/Y and down 23.9% sequentially.
- Q1 Net revenues for ATM assembly, testing and material business declined 20.0% Y/Y in revenues, and down 19.8% sequentially.
- Dig into ASX's Q4 earnings, which beats bottom-line expectations.