Foxconn to post higher Q4 profit on AI server demand [Yahoo! Finance]
HON HAI PRECSON S/GDR NEW (HNHPF)
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Source: Yahoo! Finance
Net profit for October-December for Apple's top iPhone assembler and Nvidia's AI server maker likely came in at T$54.4 billion ($1.65 billion), according to an LSEG consensus estimate of 15 analysts, versus T$53.15 billion a year earlier. Foxconn said in January its fourth-quarter revenue jumped 15.2% to a record for that quarter on strong sales of AI servers. The company, formally called Hon Hai Precision Industry, has said it expects first-quarter performance to be better than the average level of the past five years, and it will see strong year-over-year growth. It does not provide numerical guidance. But an escalating global trade war has dimmed the prospects for its outlook this year, as it has a major manufacturing presence in China and Mexico, two of the top U.S. trading partners that now face increased import tariffs from U.S. President Donald Trump. Apple said last month it will work with Foxconn to build a 250,000-square-foot (23,200-square-metre) facility in Housto
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News
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