Foxconn (2317 TT) Q1 2026 (TWD): Net Profit 49.92bln (exp. 48.88bln); Expects 2026 revenue to see strong growth Y/Y (prev. guided "strong" growth)
Foxconn's Q1 2026 net profit beat expectations, indicating solid operational performance.
Additional European Equity News
Mail on Sunday's Hodges hears from UK MPs that leadership candidates are considering making an early statement that Chancellor Reeves would actually be retained as Chancellor to secure market stability in the event of a longer leadership contest
Foxconn (2317 TT) Q1 2026 (TWD): Net Profit 49.92bln (exp. 48.88bln); Expects 2026 revenue to see strong growth Y/Y (prev. guided "strong" growth)
Iranian Foreign Minister Araghchi says although Iranian forces are ready to "deliver a crushing and devastating response to foreign aggressors", "We do not seek war", remarks made at BRICS summit
UK Chancellor Reeves says it is not the time to put economic stability at risk
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Q2 Revenue expectations:
- Smart consumer electronics to see significant growth Y/Y.
- Components and other products to see significant growth Y/Y.
- Computing products to be flattish Y/Y.
- Cloud and networking products to see strong growth Y/Y.
Commentary:
- Sees strong demand for AI servers.
Their guidance for strong revenue growth across key segments, particularly in AI servers, suggests robust demand trends that could positively influence the broader tech supply chain. Investors should watch for implications on capital investment and competitive positioning within the consumer electronics and cloud sectors.
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