On July 31, ASE Technology rose 3.19% in after-hours trading, trading at $35.88/share, with turnover of $13.42 million. The gain represents a continuation of buying momentum following the company's Q2 earnings release on July 30, which massively exceeded market expectations.

The quarterly report showed EPS of $0.29, beating the consensus estimate of $0.17 by 70.59%, while revenue reached $6.035 billion versus the $5.99 billion estimate, representing approximately 27% year-over-year growth. The ATM business posted total revenue growth of 36.3% year-over-year in Q2, fully validating the thesis of advanced packaging volume and pricing gains. The stock had previously retraced over 15% from its single-day 7.82% surge high across multiple consecutive trading sessions, and the current move reflects continued recovery buying by funds following the earnings beat.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)