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FOXCONN AI SERVER SALES MISS EXPECTATIONS

Foxconn Industrial Internet reported Q1 revenue of ~$37B, up 57% year-over-year but below the $44.5B estimate. Net income hit a record ~$1.5B, still falling short of the $1.8B projection.

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Foxconn Industrial Internet, which sells AI servers, reports Q1 revenue up 57% YoY to ~$37B, below $44.5B est., and a record ~$1.5B net income, below $1.8B est. (Rachel Yeo/Bloomberg)

Rachel Yeo / Bloomberg: Foxconn Industrial Internet, which sells AI servers, reports Q1 revenue up 57% YoY to ~$37B, bel…

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