Foxconn reports Q4 revenue up 22% YoY to ~$81B, net profit down 2% YoY to ~$1.4B, below ~$1.9B est., due to a higher tax expense, and a 5.9% gross profit margin (Sherry Qin/Wall Street Journal)
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Sherry Qin / Wall Street Journal: Foxconn reports Q4 revenue up 22% YoY to ~$81B, net profit down 2% YoY to ~$1.4B, below ~$1.9B est., due to a higher tax expense, and a 5.9% gross profit margin - The company generates a significant share of its revenue making AI servers for the likes of Nvidia and Amazon