ASM Pacific Technology ( (ASMVF) ) has realeased its Q3 earnings. Here is a breakdown of the information ASM Pacific Technology presented to its investors.
ASM Pacific Technology (ASMPT) is a prominent global supplier of hardware and software solutions for semiconductor and electronics manufacturing, headquartered in Singapore and listed on the Hong Kong Stock Exchange.
The company announced its third-quarter results for 2024, revealing a mixed performance amidst varying demands in the semiconductor industry. While revenue slightly declined by 3.7% year-on-year, the company achieved marginal quarter-on-quarter growth.
Key financial metrics showed a robust increase in bookings by 7.1% year-on-year, though profitability was impacted by foreign exchange effects. The gross and operating margins improved significantly, thanks to their advanced packaging solutions, particularly in Thermo Compression Bonding.
ASMPT is confident in its advanced packaging prospects, driven by demand in generative AI and High-Performance Computing applications. However, they anticipate a moderate decline in revenue for the fourth quarter due to seasonal factors and slower recovery in mainstream semiconductor segments.
