Hon Hai’s Q3 visibility is better than expected, with revenue in August hitting a new high for the same period

Hon Hai said today that thanks to the continued growth in AI demand and the fact that information and communication products have entered the peak season in the second half of the year, visibility in the third quarter is better than what was seen in August. (File photo)

[Reporter Fang Weijie/Report from Taipei] Hon Hai (2317) said today that thanks to the continued growth of AI demand and the fact that information and communication (ICT) products have entered the peak season in the second half of the year, the visibility of the third quarter is now better than that in August, and the overall performance is expected to be better than market expectations; Hon Hai's revenue in August reached 921.8 billion yuan, a monthly decrease of 2.61% and an annual increase of 51.98%, a new high for the same period in the past, and the second highest single month in history.

Hon Hai's operating scale continues to expand this year. The cumulative revenue in the first eight months reached 6.5111 billion yuan, an annual increase of 39.73%, which was also a record high for the same period in previous years. If calculated in US dollars, the revenue in August decreased by approximately 2.7% monthly and increased by approximately 39.4% annually. The cumulative revenue in the first eight months increased by approximately 38.4% annually.

Observing the four major product lines, AI is still the main growth driver of Hon Hai in August. Among them, the "cloud network product category" benefited from the strong momentum of AI product sales, showing strong monthly decreases and annual increases; the "components and other product categories" benefited from the increase in major business-related components and other revenue, with significant month-to-month growth and strong year-to-year growth.

As for the "consumer smart product category", as the main products entered the conversion period between old and new products, revenue in August declined slightly compared to the previous month. The "computer terminal product category" was affected by the momentum of inbound shipments and also showed a monthly decrease. However, compared with the same period last year, consumer smart products grew strongly due to the momentum of inbound shipments and the increase in shipping prices. Computer terminal products also grew significantly driven by the same factors.