HNHPF - Hon Hai Precision June revenues up 5.7% M/M to NT$526.2B FY22 outlook improved

• Hon Hai Precision ( OTCPK:HNHAF ) reports June revenue of NT$526.2B, up 5.7% M/M and 31% Y/Y.
• Cloud and Networking Products, Computing Products, as well as Components and Other Products delivered double-digit growth. Smart Consumer Electronics Products declined MoM due to high base and model transition.
• Year-to-date revenue totaled NT$2,918.6B, flat M/M, up 8% Y/Y.
• Four major Products all delivered YoY growth with Cloud and Networking Products showing strong double-digit growth.
• Q3 Outlook:
• Q3 results to be pretty much in line with market expectation, representing significant growth on YoY basis.
• The Company is cautiously optimistic about the outlook for the third quarter, but still need to closely monitor the trend of inflation.
• FY22 outlook has improved, higher than the original flattish expectation.
• Press Release

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