Foxconn says third quarter to outperform market expectations on AI strength
- On Saturday, Hon Hai, known globally as Foxconn, posted NT$921.8 billion in August sales, a 51.98% year-on-year increase marking the company's highest-ever performance for the month.
- Strong AI-related demand fueled the results, as the Taiwanese manufacturer solidifies its role as Nvidia's biggest server maker and major Apple supplier amid accelerating artificial intelligence momentum.
- During the January-August period, consolidated sales reached NT$6.51 trillion, up 39.73% from a year earlier, with cloud and networking divisions posting significant year-on-year growth.
- Foxconn expects third-quarter performance to outperform market expectations as it enters peak season, though management cautioned investors to "monitor the impact of the volatile global political and economic situation."
- Separately, Apple supplier Largan Precision reported August consolidated sales of NT$5.01 billion, down 16% year-on-year, though the company anticipates increased September sales as clients rebuild inventories.
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AI Boom Lifts Foxconn August Sales to USD 29.14 Billion
Get latest articles and stories on Business at LatestLY. Taiwan-based manufacturing giant Hon Hai Precision Industry Co, globally known as Foxconn, reported a 51.98 per cent year-on-year rise in consolidated sales to NT$921.77 billion (USD 29.14 billion) in August, amid strong global demand for artificial intelligence applications, according to a news report by Focus Taiwan. Business News | AI Boom Lifts Foxconn August Sales to USD 29.14 Billion.
Nvidia partner Hon Hai's sales climb 52% as Europe lines up its own orders
Hon Hai reported August revenue of NT$921.8B, about $29.1B, up 52% year on year on AI server demand, well ahead of analyst expectations for the quarter. In June it signed a EUR 120M manufacturing partnership with Bull, the French state-owned computing firm, splitting work between Pardubice and Angers.x Hon Hai reported an August revenue rise […] This story continues at The Next Web
Foxconn says third quarter to outperform market expectations on AI strength
TAIPEI, Sept 5 (Reuters) - Foxconn's third-quarter performance is expected to outperform market expectations given strong AI-related demand, the Taiwanese contract electronics maker said on Saturday, though it offered caution about "volatile" global ...
Taiwanese company Foxconn expects its third-quarter performance to exceed market expectations, driven by continued strong demand related to artificial intelligence, despite warning of the impact of uncertainty stemming from global political and economic volatility. The company, officially known as Hon Hai Precision Industry, stated that increasing demand for AI products, along with the entry of new technology products, is driving this growth. [T…
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