Foxconn AI Business Overtakes iPhones in Revenue

Earnings Impact 4
โดย GuruFocus·TW·Read original
Summary · why it matters

Foxconn, or Hon Hai Precision Industry Co., said second-quarter profit increased 35% as artificial intelligence servers became a bigger market than the consumer electronics sector that includes iPhones. Net profit was T$59.97 billion, or nearly $1.86 billion, compared with the T$58.8 billion expectation of analysts. Cloud and networking goods comprising AI servers contributed 51% of quarterly revenue, exceeding 50% for the first time, while smart consumer electronics including Apple's iPhone accounted for only 29%. Foxconn expects demand for AI to stay robust throughout the year and is ready to supply Nvidia's next-generation Vera Rubin server racks in the fourth quarter. The company also intends to boost capital investment by over 30% this year as it expands manufacturing capacity.

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Foxconn ready to supply Nvidia's next-gen Vera Rubin server racks, indicating strong AI demand.

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