Hon Hai’s revenue in October reached 1.3 trillion yuan, setting a new monthly high record

Hon Hai (2317)'s revenue in October was 1.3053 billion yuan, a monthly increase of 12.66% and an annual increase of 45.73%. It has refreshed the historical single-month revenue record for two consecutive months and exceeded the 1.3 trillion yuan mark for the first time. Looking forward to the fourth quarter, Hon Hai is optimistic that the AI ​​business will continue to grow, and the information and communication (ICT) products are in the traditional peak season, which is expected to drive the overall operating performance in line with market expectations.

Hon Hai's revenue in September reached 1.1586 billion yuan, which further increased by approximately 146.7 billion yuan in October, a monthly increase of 12.66%. The annual growth rate also expanded from 38.42% in September to 45.73%. Cumulative revenue in the first ten months of this year reached 8.9751 billion yuan, an annual increase of 40.40%, which also hit a new high for the same period in previous years, reflecting that demand for AI servers and consumer electronics products continues to support overall operating performance.

Observing the four major product categories, Hon Hai pointed out that in October, consumer smart products benefited from the increase in demand and shipping prices, showing strong growth month-to-month; computer terminal products showed significant growth due to better demand for new products; components and other products benefited from the increase in component and other revenue related to the main business, and also experienced significant month-to-month growth.

It is worth noting that despite continued demand for AI-powered cloud network products, revenue in October declined slightly compared to September. Hon Hai explained that the month-to-month performance of its cloud network products declined slightly due to factors such as the change of some customers' transaction models to the consignment model, the shortage of materials, and the fact that new models are in the mass production stage.

However, if we observe the performance from year to year, cloud network products still benefit from the strong sales momentum of AI products. Revenues maintained strong growth in October, and consumer intelligence, computer terminals and components, and other products also showed strong year-on-year growth. In the first ten months of the year, the annual growth performance of cloud network products ranked first among the four major product categories, showing that AI-related businesses are still an important driving force for Hon Hai's revenue growth.

Looking forward to the fourth quarter, Hon Hai said that the AI ​​business will continue to grow, and ICT products are still in the traditional peak season in the second half of the year, which is expected to drive the overall operation in line with current market expectations. However, it is still necessary to continue to pay attention to the impact of changes in the global political and economic situation; the third quarter corporate briefing will be held on November 12. At that time, the mass production progress of new AI server models, material supply status, and the impact of adjustments to customer transaction patterns on operations will become the focus of market attention.