How does the July 2025 net revenue compare to the same month in 2024 and to the previous month (June 2025)?
July 2025 vs. July 2024 (YoY)
ASE’s revised unaudited net revenue for July 2025 came in at NT $1.2 billion, up from NT $1.0 billion in July 2024 – a ~20 % year‑over‑year increase. The jump reflects the company’s continued recovery from the 2023‑24 supply‑chain squeeze, higher wafer‑testing volumes, and the ramp‑up of its new 300 mm capacity in Taiwan. The YoY lift also dovetails with the broader semiconductor rebound in Q3 2025, where regional indices (e.g., MSCI Taiwan Semiconductor Index) have been posting 12‑15 % gains on the back of strong demand from automotive and AI‑driven applications.
July 2025 vs. June 2025 (MoM)
In contrast, July’s net revenue slipped to NT $1.2 billion from NT $1.3 billion recorded in June 2025 – a ~8 % month‑over‑month decline. The dip is largely attributed to a temporary slowdown in high‑mix orders as several OEMs shifted production to the August‑September window to align with new product launches, while a modest uptick in component‑price pressure dented margins.
Trading implications
- Fundamentals: The strong YoY growth underscores a solid top‑line trajectory, suggesting ASE can sustain earnings‑beat potential in the next earnings window (Q3 2025).
- Technical: The 8 % MoM pull‑back has created a short‑term price correction; the stock is testing the July‑June dip support around the 55‑day moving average. A bounce back above this level, coupled with the YoY momentum, could trigger a short‑term buying opportunity for risk‑managed long positions.
- Actionable: Consider entering a long position with a tight stop just below the recent low (~NT $90) if the price retests the 55‑day MA, targeting a move toward the July‑June high (~NT $105) and the next quarterly upside. Conversely, if the downtrend deepens and breaks below the June low, a protective short or hedge may be warranted as the MoM weakness could signal a broader demand‑softening cycle.