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Foxconn profit soars 27%, beats forecasts on surging AI server demand
Foxconn expects strong year-on-year revenue growth in the third quarter, with AI server sales projected to surge more than 170% from a year earlier. Full-year revenue is also forecast to grow significantly, in line with guidance issued in May. Shares ended 0.5% higher on Thursday before the earnings announcement.
Foxconn has hit a turning point. For the first time, it has made more money from building AI servers than from assembling ...
Foxconn expects AI-server revenue to surge more than 170% year-over-year this quarter as demand for Nvidia (NASDAQ:NVDA ...
The AI boom helped Apple supplier Foxconn earn more from manufacturing servers than smartphones for the first time, marking a milestone in its efforts to reduce its dependency on the low-margin ...
Taiwan's Foxconn, the world's largest contract electronics maker and key Apple Inc. supplier, is set to report that Q2 profit ...
On late August 14, Foxconn is set to deliver an impressive performance for the second quarter of 2025 despite rapid ...
Halfway to its 2030 net-zero goal, Apple faces slow and hold-out suppliers, a tariffs scramble, and an AI race that could ...
Asianet Newsable on MSN17h
Foxconn Stock Set For Terrific Thursday? Apple Supplier Smashes Q2 Earnings Estimates On AI Server Boost
Foxconn, which shot to prominence as Apple’s biggest contractor, has now diversified its revenue stream, and its focus areas ...
SoftBank Group Corp. is the buyer taking ownership of Foxconn Technology Group’s electric vehicle plant in Ohio, a move aimed ...
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