Nvidia Partner Hon Hai's Sales Meet Estimates on Solid AI Demand [Yahoo! Finance]
HON HAI PRECSON S/GDR NEW (HNHPF)
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Source: Yahoo! Finance
(Bloomberg) -- Hon Hai Precision Industry Co. reported a 29.7% rise in quarterly sales, a sign of sustained AI demand during the first weeks of war in the Middle East. Revenue for the three months ending in March grew to NT$2.13 trillion ($66.5 billion), while analysts on average were looking for NT$2.14 trillion. That's as concerns about a rush to build power-guzzling data centers are growing in the face of escalating conflict in the Middle East, which is putting pressure on global shipping routes and gas prices. What Bloomberg Intelligence Says Hon Hai — the world's largest electronics manufacturer — will likely strengthen its sales growth this year as AI server rack shipments continue to expand. The Taiwanese company's deep vertical integration and global presence offer an edge amid increasing server complexity and demand for localized production. Further upside is possible from a surge in ASIC-based server projects, followed by the Vera Rubin platform deployment in 2H.
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News
- Hon Hai Technology Group (Foxconn) Honors 152 Of Its Own And Suppliers In 3rd Annual Sustainability AwardsPR Newswire
- Hon Hai Technology Group (Foxconn) Honors 152 Of Its Own And Suppliers In 3rd Annual Sustainability AwardsPR Newswire
- Hon Hai Technology Group (Foxconn) Honors 152 Of Its Own And Suppliers In 3rd Annual Sustainability AwardsPR Newswire
- Foxconn reports record first quarter sales driven by AI server demand [Yahoo! Finance]Yahoo! Finance
- Foxconn sales jump on AI demand, flags risks from global tensions [Seeking Alpha]Seeking Alpha