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Foxconn, officially known as Hon Hai Precision, reported a 3.47% year-on-year increase in revenue for November, amounting to NT$672.59 billion ($20.7 billion). This marks a significant slowdown compared to an 8.6% increase in October. The company's November sales represent a three-month low and reflect a 16.4% decline from the previous month, raising concerns about the company's ability to offset weak iPhone sales with AI demand. Executives have indicated a strong outlook for the fourth quarter, despite the recent decline in sales. The performance is particularly notable as Foxconn is a key partner for major technology firms, including Apple ($AAPL) and Nvidia ($NVDA).
$HPE's invs actually went up seq but their FCF was a big upside- cursory look- their FCF was up 2.3B yoy, but their spread between AP and AR was up 4B yoy-this will have to come in at some point next 12-18 mos would think
Now seen further $NVDA Blackwell delays from $SMCI & $DELL #Foxconn the #1 contract mfr of $NVDA #AI servers just reported Nov rev It's a blockbuster year so why is Nov ⬇️ 16% due to an AI product transition when BW servers should be in HVM Simple - BW yields are an issue https://t.co/J7gKHlG7bB https://t.co/8ClRH5Dfhp
Foxconn, the iPhone and AI server giant, said November sales rose 3.5% year-on-year to NT$672.59 billion, a 3-month low and down 16.4% versus October, raising concerns AI demand will not be able to offset weak iPhone sales, media report, adding total sales in Oct, Nov are lagging…