Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessFoxconn Reports Strong Q2 Revenue Growth, Driven by AI Server Demand

Foxconn Reports Strong Q2 Revenue Growth, Driven by AI Server Demand

Add to Favorite
Added to Favorite


Apple’s (NASDAQ:AAPL) primary iPhone assembler, Foxconn (Hon Hai Precision Industry Co Ltd), reported quarterly revenue that exceeded expectations, driven by strong demand for AI servers and projected continued growth for the upcoming quarter.
Foxconn announced that its revenue for the last month was T$490.7 billion ($15.12 billion), reflecting a 16.1% increase from the previous year and marking the second-highest level for this period.
In Q2 the company saw a revenue surge of 19.1% year-on-year, reaching T$1.55 trillion. This surpassed the T$1.51 trillion forecast by Wall Street analysts.
The company’s strong Q2 performance was attributed to significant demand for AI servers in its cloud and networking products segment, showcasing substantial growth both year-on-year and quarter-on-quarter. However, revenue from smart consumer electronics, including smartphones, remained unchanged from the previous year, without further elaboration. Looking forward, Foxconn anticipates Q3 revenue to increase both year-on-year and quarter-on-quarter.
With the second half of the year marking the peak season, Foxconn expects its operations to gain momentum. The third quarter traditionally signals the start of a busy period for Taiwan’s tech firms as they boost production of smartphones, tablets, and other electronics for major vendors like Apple, aiming to meet the year-end holiday demand in Western markets.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Wiz Chooses IPO Over $23 Billion Google Deal: CWEB Reports

Several outlets, including CWEB, reported that Alphabet's Google (GOOGL)...

Comcast Maintained at Buy by Loop Capital Despite Media Revenue Miss

Loop Capital analysts reaffirmed a Buy rating for Comcast...

Rosenblatt Analyst Increases Calix Price Target to $45 After Q2 Earnings Report

Rosenblatt analysts increased the price target for Calix (NYSE:CALX)...

AT&T Matches Q2 EPS Estimates Despite Slight Revenue Miss, Shares Climb Over 3 percent

AT&T (NYSE:T) released its second-quarter earnings report, meeting analyst...