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<Results>Foxconn's 1Q Profit Proliferates 91%, Topping Forecast
Foxconn's 1Q profit leapfrogged 91% YoY to TWD42.12 billion (approximately USD1.39 billion), topping street consensus, on the ride of robust demand for AI servers. However, the...
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<Results>Foxconn's 1Q Profit Proliferates 91%, Topping Forecast
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Foxconn's 1Q profit leapfrogged 91% YoY to TWD42.12 billion (approximately USD1.39 billion), topping street consensus, on the ride of robust demand for AI servers.

However, the company adopted a more conservative outlook for the full year, reducing its previous forecast of strong revenue growth.

Related NewsSpot USD/CNY Gains 95 bps to Close at 7.2037
Last month, Foxconn had remarked that its 1Q revenue swelled 24.2% given strong AI server sales, setting a record for the quarter.

The company expected an impressive YoY growth in 2Q as well, with AI servers likely to achieve a high double-digit elevation.

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