On August 3, ASE Technology rose 3.81% overnight, trading at $36.84/share, with turnover of $437,200.

On the news front, the company reported Q2 earnings on July 30, delivering EPS of $0.29, significantly exceeding the analyst consensus estimate of $0.17 by 70.59%. Revenue came in at $6.035 billion, above the expected $5.990 billion, representing approximately 27% year-over-year growth. The ATM business segment posted total revenue growth of 36.3% year-over-year, fully validating the advanced packaging volume and pricing expansion thesis.

The stock had previously retreated more than 15% from its highs over consecutive trading sessions. The overnight gain represents a continuation of recovery buying following the earnings beat, as funds re-enter positions after the strong results were confirmed.

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