Reported about 1 year ago
Foxconn announced its June and second-quarter revenue on July 5, 2024, which reached 490.7 billion for June, a 10.80% decrease from the previous month but a 16.07% increase year-over-year, marking the second-highest for the same period historically. The second-quarter revenue hit a historic high of 1.5518 trillion, with a 17.37% quarterly increase and a 19.12% annual increase, surpassing company expectations significantly. Foxconn attributed this strong performance to growth in cloud and networking products due to increased demand for AI cloud products, robust growth in computer terminal products from new product launches, and a significant increase in component and other products' shipments. Looking ahead, Foxconn anticipates a strong operational performance in Q3 as it enters the peak season of the second half of the year, with expectations of achieving both quarterly and annual growth. Additionally, Foxconn forecasts the shipment of NVIDIA's GB200 servers in Q3 and believes that its high-speed switch products will serve as growth drivers in the AI trend, aiming to secure larger growth opportunities for future profit performance.
Source: YAHOO