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Foxconn's Mar Revenue Up 45.6% YoY, Ongoing Attention Needed on Geopolitical and Economic Situation
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Hon Hai Precision Industry, the worlds largest electronics manufacturing services provider, announced that its revenue for March reached TWD803.738 billion, up 34.9% MoM and 45.57% YoY, marking a record high for the same period in history. For 1Q26, revenue totaled TWD2.13 trillion, down 18.18% QoQ but up 29.68% YoY, also the highest level for the same period on record. Foxconn stated that 2Q is traditionally the off-season for the information and communication technology (ICT) industry, with major products entering a transition period between old and new models. However, AI server racks are expected to maintain a growth trend. Based on current visibility, the company expects its 2Q operating outlook to deliver both QoQ and YoY growth, while noting that continued attention should be paid to the impact of the evolving global geopolitical and economic environment. (ta/w) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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