Golden Ten Data November 12th: Hon Hai’s net profit for the third quarter increased by 17% year-over-year to 57.67 billion New Taiwan Dollars (approximately $1.9 billion), far exceeding analysts’ average forecast of 51 billion New Taiwan Dollars, thanks to accelerated AI-related spending by major tech companies. The company announced last month that its third-quarter revenue reached 2.06 trillion New Taiwan Dollars, up 11% year-over-year, in line with market expectations. Since last summer, Hon Hai has driven double-digit revenue growth through its AI server assembly business, and this expansion trend is expected to continue. Its October sales increased by 11.3% year-over-year, and the company stated that current quarter revenue is expected to achieve month-over-month growth. For the quarter ending December, sales are projected to grow by 15%. Benefiting from a close partnership with NVIDIA, Hon Hai’s stock price has increased by over 30% this year.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
