Foxconn reports Q2 revenue up 41% YoY to ~$78.4B, with cloud and networking products contributing 50%+ for the first time, and net profit up 35% to ~$1.86B (Sherry Qin/Wall Street Journal)
Foxconn’s AI server demand drove a major revenue and profit beat, making cloud and networking its largest business segment.
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<a href="https://www.wsj.com/tech/foxconns-ai-hardware-sales-drive-profit-beat-58d9bac3?st=1xP7Gc&reflink=desktopwebshare_permalink"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260812/i10.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/260812/p10#a260812p10" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Sherry Qin / <a href="https://www.wsj.com/">Wall Street Journal</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.wsj.com/tech/foxconns-ai-hardware-sales-drive-profit-beat-58d9bac3?st=1xP7Gc&reflink=desktopwebshare_permalink">Foxconn reports Q2 revenue up 41% YoY to ~$78.4B, with cloud and networking products contributing 50%+ for the first time, and net profit up 35% to ~$1.86B</a></b></span> — Net profit for the three months ended June rose 35% from a year earlier — Foxconn Technology Group reported another strong quarter … </p>
Read at source: https://www.techmeme.com/260812/p10#a260812p10