Updated
Updated · MarketWatch · May 11
Foxconn set to post 18% rise in first-quarter profit
Updated
Updated · MarketWatch · May 11

Foxconn set to post 18% rise in first-quarter profit

1 articles · Updated · MarketWatch · May 11

Summary

  • Analysts polled by FactSet expect net profit of NT$49.76 billion, or US$1.59 billion, when the Taiwanese contract electronics maker reports on Thursday.
  • First-quarter revenue rose 30% to NT$2.13 trillion, led by cloud and networking products, while resilient iPhone demand and AI infrastructure spending supported fundamentals.
  • Shares fell 19% in the quarter amid Strait of Hormuz disruption and Taiwan energy concerns, but recovered from April as optimism over AI demand outweighed geopolitical risks.

Sources

Right100%
MarketWatch105d ago
Foxconn Q1 Profit Expected to Climb 18% to US$1.59 Billion on Strong Revenue, AI Demand

Insights

With AI profits soaring, is Foxconn swapping its iPhone dependency for an even riskier reliance on a few tech giants?
Foxconn dominates AI server assembly, but with global chip shortages looming, can it actually deliver on its explosive growth promises?

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Sources

1 total
Right100%
MarketWatch105d ago
Foxconn Q1 Profit Expected to Climb 18% to US$1.59 Billion on Strong Revenue, AI Demand

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Taiwan Posts 13.69% Q1 Growth as AI Boom Deepens Inequality
89d ago