Foxconn's net profit in the second quarter of 2023 fell 1% from a year earlier, better than expected

CTOnews.com news on August 14, Hon Hai second-quarter revenue of 1.31 trillion New Taiwan dollars (CTOnews.com Note: currently about 298.68 billion yuan), the market forecast of 1.34 trillion New Taiwan dollars; net profit of 33 billion New Taiwan dollars (currently about 7.524 billion yuan), down 1% from a year earlier, estimated to be 25.93 billion New Taiwan dollars; operating profit of 30.9 billion New Taiwan dollars, the market estimates of 332.4 New Taiwan dollars.

Hon Hai expects revenue to fall in the third quarter and fiscal year 2023 compared with the same period last year.

In addition, according to a report in Taiwan's Economic Daily earlier today, Hon Hai won an order for Nvidia HGX AI server chip substrates for the first time, accounting for more than 50 per cent of the supply.