Apple supplier Foxconn reiterates second-quarter revenue growth, posts record April sales
- Foxconn expects its second-quarter financial results to show both quarter-on-quarter and year-on-year growth
- Its April revenue reached US$15.83 billion, the highest figure on record for the same period and represented a year-on-year rise of 19 per cent
The company, however, added, that its “operations outlook for the second quarter is expected to show both quarter-on-quarter and year-on-year growth”.
The statement did not elaborate and the company does not give numerical guidance.
Foxconn said its April revenue reached T$510.9 billion (US$15.83 billion), which it said was the highest figure on record for the same period and represented a year-on-year rise of 19 per cent.
The monthly sales data comes ahead of Foxconn’s first-quarter earnings call on May 14.
The first quarter is traditionally quieter than the previous one, the season when Taiwan’s tech companies race to supply smartphones, tablets and other electronics devices to major vendors such as Apple for Western markets’ year-end holiday period.
In March, Foxconn adopted a far more bullish outlook for this year, saying on its fourth-quarter earnings call that it expected a significant rise in revenue driven by booming demand for AI servers.
Foxconn’s shares have surged almost 50 per cent so far this year, compared with a 13 per cent gain for the broader market. Its shares closed up 1.3 per cent on Friday.