Foxconn Posts $78.7 Billion in Q2 Revenue, a 40% Jump
Foxconn, which manufactures servers for Nvidia Corp. and assembles iPhones for Apple Inc., reported a 39.8% increase in second-quarter revenue, hitting T$2.513 trillion ($78.71 billion). The figure for the April-June quarter surpassed analyst expectations, underscoring sustained demand for artificial-intelligence infrastructure within the tech supply chain.
Cloud and networking equipment now accounts for more than half of Hon Hai Precision Industry Co.'s sales, according to the manufacturer. Three years ago, the segment represented roughly a quarter of Foxconn's business. The company forecast AI rack shipments to maintain growth in the third quarter, while adding a caveat regarding geopolitical uncertainties.
From the sources (7 posts)
@reutersFoxconn second-quarter revenue jumps, company cautions on geopolitics
@firstsquawkFoxconn second-quarter revenue jumps, company cautions on geopolitics
@businessNvidia’s server assembly partner Hon Hai reported a stronger-than-expected increase in quarterly sales, a sign of sustained AI demand
@firstsquawkNvidia’s server assembly partner Hon Hai reported a stronger-than-expected increase in quarterly sales, a sign of sustained AI demand
@firstsquawkFOXCONN JUNE REVENUE SURGES 52.1% Y/Y; Q2 REVENUE ADVANCES 39.8% Y/Y; EXPECTS AI RACK SHIPMENTS TO MAINTAIN GROWTH IN Q3; SEES OVERALL OPERATIONS DELIVERING BOTH Q/Q AND Y/Y GROWTH
@stockmktnewzNvidia and Apple supplier Foxconn just announced a 40% jump in quarterly sales More than 50% of Foxconn's revenue came from Cloud and Networking ... ~3 years ago it was 25% of their business - Bloomberg
@ettech🆕 Foxconn second-quarter revenue jumps, company cautions on geopolitics Revenue for Nvidia's biggest server maker and Apple's top iPhone assembler jumped to T$2.513 trillion ($78.71 billion) in the April-June quarter.