Robert Way/iStock Editorial via Getty Images Foxconn's ( FXCOF ) April revenue surged 29.74% year-over-year amid strong demand for infrastructure needed for AI. Q2 2026 Outlook The Apple ( AAPL ) and Nvidia ( NVDA ) supplier — which is formally known as Hon Hai Precision ( HNHAF ) ( HNHPF ) — said the second quarter is a traditional off-season for the information and communications technology, or ...
Robert Way/iStock Editorial via Getty Images Foxconn's ( FXCOF ) April revenue surged 29.74% year-over-year amid strong demand for infrastructure needed for AI. Q2 2026 Outlook The Apple ( AAPL ) and Nvidia ( NVDA ) supplier — which is formally known as Hon Hai Precision ( HNHAF ) ( HNHPF ) — said the second quarter is a traditional off-season for the information and communications technology, or ICT, industry, with major products entering a transition period between old and new models. "However, AI racks are expected to maintain a continued growth trend. Based on current visibility, the outlook for second-quarter operations is expected to show both QoQ and YoY growth, though it remains necessary to monitor the impact of the volatile global political and economic situation," said the Taiwanese company in a press release on Tuesday. April 2026 Revenue Foxconn said revenue in April soared 29.74% year-over-year to NT$832.1B and climbed 3.53% month-over-month, marking the highest revenue for the same period in history. The second-highest was April 2025 revenue of NT$641.4B. The company noted that in U.S. dollars, revenue was up 3% month-over-month and increased about 34.3% year-over-year. The accumulated revenue for the first four months of 2026 reached NT$2.96T, up 29.7% year-over-year, marking the highest ever for the period. The second-highest was NT$2.28T in the first four months of 2025, according to the company. Year-Over-Year Foxconn said Cloud and Networking Products revenue showed strong growth year-over-year due to strong pull-in momentum for AI products. The company noted that the Components and Other Products and Computing Products segments also showed significant growth, while Smart Consumer Electronics slightly declined. Month-Over-Month The company said Cloud and Networking Products showed significant growth driven by pull-in momentum for AI products. Components and Other Products showed strong growth, while Computing Products remained flattish. Meanwhile...
STORY: Elon Musk has settled a U.S. Securities and Exchange Commission lawsuit against him for a $1.5 million fine. The suit accuses the world's richest person of waiting too long in 2022 to disclose his initial purchases of shares in Twitter, now known as X. Under the settlement disclosed Monday, a trust in Musk's name will pay the fine. The Tesla chief did not admit wrongdoing, and won't have to...
STORY: Elon Musk has settled a U.S. Securities and Exchange Commission lawsuit against him for a $1.5 million fine. The suit accuses the world's richest person of waiting too long in 2022 to disclose his initial purchases of shares in Twitter, now known as X. Under the settlement disclosed Monday, a trust in Musk's name will pay the fine. The Tesla chief did not admit wrongdoing, and won't have to give up any of the $150 million he allegedly saved from the delay. Now the settlement requires approval by U.S. District Judge Sparkle Sooknanan, who in February rejected Musk's bid to dismiss the case. The SEC declined to comment. In its lawsuit, the regulator said Musk's 11-day delay in revealing his initial 5% Twitter stake let him buy more than $500 million of shares at artificially low prices, before he finally revealed a 9.2% stake. Musk called the delay inadvertent, and accused the SEC of violating his free speech rights by targeting him. The case is separate from a civil suit where a San Francisco jury in March held Musk liable for having defrauded Twitter shareholders after announcing the buyout.
Swedish buyout firm EQT ( EQBBF ) is said to have put forward a revised takeover offer for Intertek ( IKTSF ), valuing the company at £8.93 billion ($12.08 billion). Intertek rose 6.5% to 5,116.00p each in London for a market value of £7.92B. It was the biggest riser on the FTSE 100, which was down 0.9%. According to a Bloomberg report, Intertek said it was reviewing a revised proposal from EQT to...
Swedish buyout firm EQT ( EQBBF ) is said to have put forward a revised takeover offer for Intertek ( IKTSF ), valuing the company at £8.93 billion ($12.08 billion). Intertek rose 6.5% to 5,116.00p each in London for a market value of £7.92B. It was the biggest riser on the FTSE 100, which was down 0.9%. According to a Bloomberg report, Intertek said it was reviewing a revised proposal from EQT to acquire the entire company for £58.00 per share in cash. The offer follows previous EQT proposals of £51.50 and £54.00 per share that Intertek rejected. It is the third offer from the Swedish private equity company in its effort to secure a takeover deal. More on EQT AB (publ), Intertek Group plc EQT AB (publ) (EQBBF) Q1 2026 Earnings Call Transcript EQT AB (publ) 2026 Q1 - Results - Earnings Call Presentation Intertek Group plc (IKTSY) Q1 2026 Sales/Trading Call Transcript Sweden's EQT AB eyes $2.6B takeover of Kakaku.com - report EQT improves takeover offer for Intertek - FT