Major Apple supplier Foxconn expected to report strong Q3 results on AI boom [Yahoo! Finance]
HON HAI PRECSON S/GDR NEW (HNHPF)
NASDAQ:AMEX Investor Relations:
foxconn.com/investors_en/investors.html
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Source: Yahoo! Finance
Last month, the company said third-quarter revenue jumped 20% from a year earlier, beating expectations to post its highest-ever revenue for that quarter on strong sales of AI servers. Net profit for July-September for Apple's top iPhone assembler likely came in at T$46.3 billion ($1.43 billion), according to an LSEG consensus estimate of 14 analysts. That would represent a 7.4% increase from the same period a year ago. It would also mark a fifth consecutive quarter of profit growth. Foxconn said last month it was building in Mexico the world's largest manufacturing facility for bundling Nvidia's GB200 superchips, a key component of the U.S. firm's next-generation Blackwell family computing platform. Underscoring Foxconn's rosy prospects, October sales hit a record high for the month and the company, formally called Hon Hai Precision Industry, has said it expects fourth-quarter revenue to grow year-on-year. It does not provide numerical guidance. Foxconn holds its earning
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News
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- Hon Hai Technology Group (Foxconn) Honored For Investor Relations Excellence In IR Magazine AwardsPR Newswire