Foxconn posts record Q2 revenue, warns on geopolitics for Q3

Earnings
โดย Seeking Alpha·Read original
Summary · why it matters

Foxconn reported record second-quarter revenue of NT$2.513 trillion, up 39.83% year-over-year, driven by strong AI demand. The figure exceeded the LSEG SmartEstimate of NT$2.372 trillion. June revenue surged 52.11% year-over-year to NT$821.8 billion, also a record for the month. The company forecast both quarter-over-quarter and year-over-year growth for the third quarter but cautioned that the volatile global political and economic situation needs monitoring.

Impact on stocks 5

Artificial Intelligence▲ · 2 stocks
NVIDIA Corporation
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▲ PositiveDemandrelevance

Foxconn's record revenue driven by strong AI demand implies NVIDIA's chips are in high demand.

Semiconductors▲ · 1 stocks
Information Technology▲ · 1 stocks
Others▲ · 1 stocks

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