Hon Hai Precision's June 2024 Revenue Report Growth and Outlook

TapTechNews July 5th, Foxconn's parent company Hon Hai Precision today announced the June 2024 revenue summary. The revenue in June reached NT$490.725 billion (TapTechNews note: currently about RMB 109.911 billion), with a year-on-year increase of 16.07% and a month-on-month decrease of 10.8%.

In the first half of 2024, Hon Hai's revenue reached NT$2873.942 billion (currently about RMB 643.697 billion), with a year-on-year increase of 3.92%.

From the business perspective, Hon Hai's cloud network business revenue in June 2024 increased month-on-month, while the components and others, computer terminals, and consumer intelligence all decreased month-on-month.

Hon Hai's cloud network, components and others, and computer terminal business revenues in June 2024 increased year-on-year, while the consumer intelligence business revenue decreased year-on-year.

Hon Hai expects that the business will gradually resume its growth momentum in the second half of 2024. Based on the fact that it has already entered the peak season in the second half of the year, looking forward to the third quarter, the revenue is expected to increase both year-on-year and month-on-month.