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Hon Hai Precision Industry Apr Revenue Up 29.7% YoY to Record High, Slightly Below Forecast
NVIDIA Corporation (NVDA.US) key partner Hon Hai Precision Industry reported April revenue rose 29.7% YoY to TWD832.1 billion (approximately USD26.3 billion), marking the highest l...
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Hon Hai Precision Industry Apr Revenue Up 29.7% YoY to Record High, Slightly Below Forecast
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NVIDIA Corporation (NVDA.US)      key partner Hon Hai Precision Industry reported April revenue rose 29.7% YoY to TWD832.1 billion (approximately USD26.3 billion), marking the highest level for the same period on record, but slightly below analysts' average forecast of 30.4% growth. Revenue for the first four months increased 29.7% YoY to TWD2.96 trillion, also a record high for the same period.

Hon Hai said 2Q is traditionally the low season for ICT products, 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 2Q operating performance to deliver both QoQ and YoY growth, but will continue to monitor the impact of the volatile global political and economic environment.

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