SMARTESTIMATE
Foxconn Q2 revenue jumps 19% year-on-year, sees growth in Q3
Foxconn reported its second-quarter revenue jumped 19% year-on-year, and predicted third-quarter revenue would rise year-on-year. Taiwan's Foxconn powering ahead due to the strong demand for servers for artificial intelligence applications, and its customers include AI Nvidia.
Foxconn reiterates Q2 revenue to grow, posts record April sales
Foxconn anticipates higher second-quarter revenue with record April sales and strong growth in AI server demand, smart consumer electronics, and cloud products. CEO Tim Cook optimistic about revenue growth.
Hyundai Motor Q1 Results: Profit drops 2.4%, beats forecasts
The world's No.3 automaker by sales along with affiliate Kia Corp reported net profit of 3.2 trillion won ($2.32 billion) for the January-March period, down from 3.3 trillion won a year earlier.
TSMC's first quarter profit rises 9%, beats forecasts
TSMC's Q1 net profit surpasses forecasts, driven by AI chip demand. Revenue exceeds expectations, stock hits record high. Capital expenditure increases. ASML reports robust sales despite U.S.-led restrictions.
TSMC first-quarter profit expected to rise 5% on strong AI chip demand
Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 5% rise in first-quarter profit on Thursday thanks to strong demand.
TSMC's Q1 revenue rise beats market expectations on AI boom
TSMC's Q1 revenue surged 16.5% to T$592.64 billion, surpassing estimates. Market cap at $662B. Anticipated 4% Q1 net profit rise. High demand for AI applications drove the revenue increase.
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Apple supplier Foxconn expects revenue growth in Q2 after dip in Q1
The first quarter is traditionally quieter than the previous one, the season when Taiwan's tech companies race to supply smartphones, tablets and other electronics to major vendors such as Apple for Western markets' year-end holiday period.
Samsung flags 10-fold rise in first-quarter profit as chip prices recover
The world's largest memory chip and TV maker estimated its operating profit rose to a better-than-expected 6.6 trillion won ($4.89 billion) in the quarter ended March 31. That was up 931% from 640 billion won a year earlier, the South Korean firm said in a short preliminary earnings statement
Samsung flags 10-fold rise in first-quarter profit as chip prices recover
Samsung's robust Q1 profits, driven by chip prices rebounding, Galaxy S24 performance, and potential post-Taiwan earthquake price hikes, showcased a 10-fold rise in operating profit, beating estimates but missing revenue expectations.
Samsung profit likely biggest in six quarters on higher chip prices
Operating profit for Samsung likely rose to 5.7 trillion won ($4.24 billion) in the quarter ended March 31, according to the average of an LSEG SmartEstimate from 27 analysts, weighted toward those who are more consistently accurate.
Samsung profit likely biggest in six quarters on higher chip prices
Samsung Electronics anticipates a near nine-fold increase in first-quarter profit, reaching 5.7 trillion won, driven by rising semiconductor prices. The surge is fueled by strong performance in memory chips and limited supply of lower-margin chips.
Traditional pre-election rally eludes Indian stocks
Analysts say this time is different, pointing to a stellar rally in the past year, rich valuations and uncertainties around political issues such as corruption and electoral funding as factors giving investors reason to pause.
Apple supplier Foxconn turns upbeat on 2024, cites huge demand for AI servers
The upbeat tone comes after a forecast-beating 33% jump in net profit for the fourth quarter. It also contrasts sharply with remarks by Foxconn Chairman Young Liu in November that the world's largest contract electronics maker had "relatively conservative and neutral" expectations for 2024.
Hyundai Motor's Q4 net profit rises 31%, misses forecasts
South Korea's Hyundai Motor Co on Thursday reported a 31% rise in fourth-quarter profit that missed analyst expectations due to unfavourable exchange rates as well as one-off costs related to the sale of its Russia plant in December.
TSMC's Q4 profit to slide 23%, focus on rebounding demand this year
Taiwan Semiconductor Manufacturing Co Ltd is expected to report a 23% drop in fourth-quarter profit on Thursday. Analysts predict better growth this year on the back of rebounding demand. The likely decline in profit reflects a strong performance in 2022. TSMC's customers include Apple and Nvidia.
Samsung flags bigger-than-expected Q4 profit drop on weak demand
Samsung Electronics Co Ltd reported a likely 35% drop in fourth-quarter operating profit on Tuesday, much worse than analysts expected as weak consumer demand persisted in many of its businesses even as memory chip prices improved.
Samsung flags bigger-than-expected Q4 profit drop on weak demand
Lower-than-expected profit from Samsung's chip contract manufacturing, mobile processors, television and home appliance businesses may have caused Samsung to fall short of forecasts, analysts said.
Apple supplier Foxconn posts surprise rise in quarterly profit
The world's biggest assembler of iPhones said it expects revenue for its smart consumer electronics division, which includes smartphones, to also fall slightly in the fourth quarter. The division makes up about half of Foxconn's total revenue.
TSMC Q3 Results: Profit falls 24.9%, beats market forecasts
Capital expenditure in the third quarter was $7.1 billion, TSMC said, compared with $8.17 billion in the previous quarter.
TSMC third-quarter profit to slide 30%, focus on how much growth to come
Taiwan Semiconductor Manufacturing Co Ltd is expected to announce a 30% drop in third-quarter profit, reflecting a strong performance last year. However, analysts predict strong growth for the chip industry next year as demand picks up. TSMC's revenue for the quarter was around $17 billion, down 20% from the previous year.
Samsung Q3 profit beats expectations, raising hopes of chip recovery
Samsung Electronics on Wednesday said its preliminary third-quarter profit dropped by a smaller-than-expected 78%, as the battered memory chip market shows early signs of recovering from a severe downturn.
Samsung flags 78% drop in Q3 profit as chip losses extend
The world's largest memory chip and smartphone maker estimated its operating profit fell to 2.4 trillion won ($1.79 billion) in July-September, from 10.85 trillion won a year earlier in a short preliminary earnings statement.
Samsung Q3 profit set to slump 80% as chip losses persist
Operating profit likely fell to 2.1 trillion won ($1.56 billion) in the July-September quarter, according to a LSEG SmartEstimate from 19 analysts, weighted toward those who are more consistently accurate.
Samsung Electric forecasts 96% drop in Q2 profit as chip glut drags on
According to company data, it would be Samsung's lowest profit for any quarter since a 590 billion won profit in the first quarter of 2009.
Results preview: Persisting chip glut to pull down Samsung's profit to 14-year-low
Operating profit for the world's biggest maker of memory chips, smartphones and TVs likely fell to 555 billion won ($427 million) in the April-June quarter, according to a Refinitiv SmartEstimate from 27 analysts, weighted toward those who are more consistently accurate
Samsung to cut chip production after 14-year low profit
Samsung estimated its operating profit fell to 600 billion won ($455.5 million) in January-March, from 14.12 trillion won a year earlier, in a short preliminary earnings statement. It was the lowest profit for any quarter in 14 years.
Samsung's quarterly profit set to hit 6-year low as consumers hunker down
Samsung, as the world's biggest maker of memory chips, smartphones and TVs, is a bellwether for global consumption trends. It is expected to announce preliminary results on Friday and full results later this month.
Samsung's earnings slump on rapid drop-off in chip demand
Companies and consumers have tightened their belts, with memory chip buyers such as smartphone and PC makers holding off on new purchases and using up existing inventory, driving down shipments and ushering in an industry downcycle.
Samsung Elec posts higher Q2 profit on strong server-chip demand
Samsung's chip profits were shielded last quarter from what analysts think is a looming glut at customers after high demand in the past two years, as large U.S. tech firms that use a lot of data centre services kept buying chips to meet cloud demand.
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