17-March-2026
Corporate News
 
Foxconn's Profit Lags Estimates as It Forecasts Strong Revenue Growth
16-Mar-2026

Taiwan's Foxconn, the world's largest contract electronics maker, said on Monday it expected strong revenue growth in the first quarter and the whole of this year, even as it posted a fall of 2% in quarterly profit, lagging estimates. The technology giant, Nvidia's biggest server maker and Apple's top iPhone assembler, blamed a rise in its tax rate for the drop, which came despite robust global demand for AI products and a jump of 22% in fourth-quarter revenue. Foxconn's guidance for both first quarter and full year revenue are for "strong growth", the highest outlook it can give, as the company does not provide a numeric outlook.

News Source:- https://money.usnews.com/investing/news/articles/2026-03-16/taiwans-foxconn-books-2-fall-in-fourth-quarter-profit-lags-forecasts