Data Jin10 11 November: Foxconn’s net profit for the third quarter increased by 17% year-on-year to 57.67 billion New Taiwan Dollars (approximately 1.9 billion USD), far exceeding the average analyst expectation of 51 billion New Taiwan Dollars, benefiting from major technology companies accelerating AI-related expenditures. The company announced last month that its third-quarter revenue reached 2.06 trillion New Taiwan Dollars, up 11% year-on-year, in line with market expectations. Since last summer, Foxconn has driven double-digit revenue growth through its AI server assembly business, and this expansion trend is expected to continue. Its sales in October increased by 11.3% year-on-year, and the company stated that revenue for the current quarter is expected to achieve month-on-month growth. For the quarter ending December, sales are projected to grow by 15%. Benefiting from close cooperation with Nvidia, Foxconn’s stock price has increased by over 30% this year.
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Data Jin10 11 November: Foxconn’s net profit for the third quarter increased by 17% year-on-year to 57.67 billion New Taiwan Dollars (approximately 1.9 billion USD), far exceeding the average analyst expectation of 51 billion New Taiwan Dollars, benefiting from major technology companies accelerating AI-related expenditures. The company announced last month that its third-quarter revenue reached 2.06 trillion New Taiwan Dollars, up 11% year-on-year, in line with market expectations. Since last summer, Foxconn has driven double-digit revenue growth through its AI server assembly business, and this expansion trend is expected to continue. Its sales in October increased by 11.3% year-on-year, and the company stated that revenue for the current quarter is expected to achieve month-on-month growth. For the quarter ending December, sales are projected to grow by 15%. Benefiting from close cooperation with Nvidia, Foxconn’s stock price has increased by over 30% this year.