Hon Hai Precision Industry Stock News

Foxconn, the world's largest contract electronics maker and Nvidia's biggest server maker, reported on Monday that third-quarter revenue rose 47% from a year earlier to $95.4 billion, driven by strong demand for artificial intelligence (AI)-related products. The result beat an $89.1 billion LSEG SmartEstimate, a forecast that gives greater weight to analysts who have been more consistently accu...

Foxconn's third-quarter revenue surged 47% from a year earlier as demand for Nvidia-linked AI servers accelerated, yet the Taiwanese manufacturer's shares remain one of the less spectacular ways investors have played the artificial-intelligence boom. Revenue reached NT$3.03 trillion in the July-September quarter, beating the NT$2.83 trillion LSEG SmartEstimate.

Taiwan's Foxconn, the world's ​largest contract electronics maker ‌and Nvidia's biggest server maker, reported ​on Monday a ​jump of 47% in ⁠third-quarter revenue year ​on year that ​beat market forecasts, fuelled by strong AI-related demand.

Foxconn's third-quarter performance is expected to outperform market expectations given strong AI-related demand, the Taiwanese ​contract electronics maker said on Saturday, though it ‌offered caution about "volatile" global politics.

Foxconn shares finished sharply higher on Wednesday before the company delivered a stronger-than-expected second-quarter profit, setting up a closely watched test when trading resumes in Taipei. The stock closed 2.7% higher at NT$270, near its intraday high of NT$270.50.

The Taiwanese company reported another strong quarter as it boosted production of servers and other tech hardware for the global artificial-intelligence build-out.

Taiwan's Foxconn , the ​world's largest contract ‌electronics maker, reported on Wednesday ​a 35% ​rise in second-quarter profit, ⁠beating analyst ​forecasts, on continued ​strong demand for AI.

Monthly ​revenue for ‌Foxconn hit a ​record in ​July, surpassing T$900 ⁠billion ($27.93 ​billion) for ​the first time on ​strong ​AI demand, the ‌Taiwanese ⁠company said on Wednesday.