Foxconn reports Q2 net operating profit up 27% YoY to ~$1.9B, beating estimates, on $59.73B revenue, on the strength of its growing AI server business (Dylan Butts/CNBC)
195d ago
Technology
Techmeme

Foxconn, the world's largest electronics manufacturer, announced a strong Q2 performance, exceeding expectations with a 27% year-over-year increase in net operating profit, reaching approximately $1.9 billion. Revenue for the quarter totaled $59.73 billion. The company attributed this growth to the expanding demand for its AI server business, highlighting the increasing importance of artificial intelligence in the tech sector. This positive report signals continued strength for Foxconn in a competitive global market.