Advanced Semiconductor Engineering
The 10-second takeaway
For the quarter ended June 30 (Q2), Advanced Semiconductor Engineering missed estimates on revenue and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share didn't move.
Margins dropped across the board.
Revenue details
Advanced Semiconductor Engineering notched revenue of $1.54 billion. The 13 analysts polled by S&P Capital IQ expected to see net sales of $1.59 billion on the same basis. GAAP reported sales were 4.2% lower than the prior-year quarter's $1.60 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.08. The two earnings estimates compiled by S&P Capital IQ predicted $0.08 per share. GAAP EPS of $0.02 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 19.3%, 10 basis points worse than the prior-year quarter. Operating margin was 9.1%, 90 basis points worse than the prior-year quarter. Net margin was 7.0%, 90 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $1.71 billion. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $6.29 billion. The average EPS estimate is $0.35.
Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Advanced Semiconductor Engineering is outperform, with an average price target of $5.39.
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