Earnings Alerts

Hon Hai Precision Industry (2317) Earnings Surge with June Sales Reaching NT$490.73 Billion, Up 16.1%

  • Sales Performance: Hon Hai reported June sales of NT$490.73 billion.
  • Sales Growth: An impressive increase of 16.1% in sales compared to previous figures.
  • Stock Ratings: Analysts show confidence with 22 buy ratings on the stock.
  • Moderate Perspectives: 2 analysts have a hold rating.
  • Skeptical Outlook: There is 1 sell rating for the stock.

Hon Hai Precision Industry on Smartkarma

Analyst coverage of Hon Hai Precision Industry on Smartkarma reveals insights from various sources. Vincent Fernando, CFA, highlights the company’s anticipation of significant growth in 2024, particularly in the AI server market despite material shortages. Despite a 9% YoY revenue fall in 1Q24, Hon Hai remains confident in its growth prospects for 2024E, with cloud and AI server revenue showing promising increases.

Tech Supply Chain Tracker reports also contribute valuable information, such as Foxconn’s plans to produce Airpods in Hyderabad starting August, and collaborations between Nokia and Foxconn to manufacture 5G products in northern Vietnam. These collaborations and market expansions hint at Hon Hai’s strategic positioning to capture market share and drive growth in the evolving tech landscape.

A look at Hon Hai Precision Industry Smart Scores


Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Looking at the Smartkarma Smart Scores, Hon Hai Precision Industry seems to have a promising long-term outlook. The company scores high in several key factors, including value, growth, resilience, and momentum. With a strong rating in value, Hon Hai Precision Industry appears to be undervalued compared to its intrinsic worth. Additionally, the company’s growth potential is rated positively, indicating opportunities for expansion and profitability in the future. Its resilience score suggests a robust ability to withstand market fluctuations and challenges. Moreover, with a high momentum score, Hon Hai Precision Industry appears to have strong upward trends in performance, which could continue in the long term.

Hon Hai Precision Industry Co., Ltd. is a company that provides electronic manufacturing services for a range of products, including computers, communications devices, and consumer electronics. Its diverse business operations encompass desktop and notebook PC assembly, connector production, cable assembly, PCB assembly, handset manufacturing, networking equipment, and other consumer electronic devices. By scoring well in key areas such as value, growth, resilience, and momentum, Hon Hai Precision Industry seems positioned for a favorable long-term outlook in the electronic manufacturing sector.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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