ASE Technology Reports Q2 2024 Financial Results with Net Revenue Growth and Increased Earnings

ASE Technology Holding Co., Ltd. reported Q2 2024 net revenues of NT$140,238 million, up 2.9% YoY and 5.6% sequentially. Net income increased to NT$7,783 million, with basic earnings per share at NT$1.80. Gross margin rose to 16.4%, while operating margin improved to 6.4%. Packaging, testing, EMS, and other services made up 45%, 9%, 45%, and 1% of total net revenues. Raw material costs accounted for 50% of total net revenues, and labor costs represented 11%.