Loading...
Market
Story
Hon Hai's Q2 Profit Surges 6% on Record Revenue, AI Demand
Aug 14, 2024, 06:35 AM
Hon Hai, also known as Foxconn, reported a better-than-expected profit for the second quarter of 2024. The company's earnings per share were NT$2.53, slightly below the estimated NT$2.56. However, net income reached NT$35 billion, surpassing the estimated NT$34.5 billion. Operating profit was NT$44.6 billion, exceeding the forecast of NT$41.06 billion. The company's net profit rose by 6% year-on-year, driven by strong demand for servers powering AI applications. This performance highlights the company's ability to capitalize on the growing AI market, contributing to record revenue for the quarter.
View original story
Similar markets
Less than $1.4 billion • 25%
$1.4 billion to $1.6 billion • 25%
$1.6 billion to $1.8 billion • 25%
More than $1.8 billion • 25%
Less than USD 180 billion • 25%
USD 180 billion to USD 200 billion • 25%
USD 200 billion to USD 220 billion • 25%
More than USD 220 billion • 25%
