The Taiwanese assembler had previously reported a 20% growth in quarterly revenue, reaching a record NT$1.85 trillion. This was largely supported by robust orders for servers equipped with Nvidia Corp.’s advanced chips.
Key takeaways:
- Hon Hai Precision Industry Co., also known as Foxconn, reported a stronger-than-expected quarterly profit due to persistent demand for servers powering AI applications.
- The company's net income in the September quarter was NT$49.3 billion ($1.5 billion), beating an average estimate of NT$45.7 billion.
- Foxconn previously reported that quarterly revenue grew 20% to a record NT$1.85 trillion.
- This growth was aided by solid orders for servers containing Nvidia Corp.’s cutting-edge chips.