Advanced Semiconductor Engineering
The 10-second takeaway
For the quarter ended June 30 (Q2), Advanced Semiconductor Engineering met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share increased.
Margins grew across the board.
Advanced Semiconductor Engineering reported revenue of $1.69 billion. The 13 analysts polled by S&P Capital IQ expected revenue of $1.69 billion on the same basis. GAAP reported sales were 10.0% higher than the prior-year quarter's $1.54 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.08. The two earnings estimates compiled by S&P Capital IQ forecast $0.09 per share. GAAP EPS of $0.08 for Q2 were 14% higher than the prior-year quarter's $0.07 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 20.6%, 130 basis points better than the prior-year quarter. Operating margin was 10.6%, 150 basis points better than the prior-year quarter. Net margin was 7.5%, 50 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.84 billion. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $7.04 billion. The average EPS estimate is $0.34.
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 $4.72.
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