On July 31, ASE Technology rose 4.14% in pre-market trading, trading at $36.01/share, with turnover of $356,800. The rally represents a continuation of post-earnings momentum following the company's blockbuster Q2 results released on July 30.
The Q2 report showed EPS of $0.29, beating the consensus estimate of $0.17 by 70.59%, representing a 163.64% year-over-year increase. Revenue came in at $6.035 billion, above the $5.990 billion estimate and up approximately 27% year-over-year. The ATM business segment posted total revenue growth of 36.3% YoY in Q2, with June single-month ATM net income surging 41.8% YoY, fully validating the advanced packaging volume-and-price uplift thesis.
The stock had previously pulled back more than 15% from its highs over consecutive trading sessions ahead of the earnings release, with the current rebound reflecting recovery buying by capital repositioning after the strong results removed uncertainty.
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