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Foxconn Technology Shares Hit Yearly High on Record Revenue and Buyback Momentum
Electronic Technology · Electronic Components · cnyes · 2026-09-17
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Foxconn Technology shares surged to a yearly high as record-breaking August revenue and an ongoing share buyback program fueled investor optimism.
What Happened
Revenue Growth: Foxconn Technology reported a record-breaking August revenue of NT$21.87 billion, marking a nearly 60% year-on-year increase. The company's performance was bolstered by early inventory pull-ins from clients, bringing its eight-month cumulative revenue to NT$98.91 billion.
Share Buyback Program: The company initiated a share buyback program on August 7, aiming to repurchase 5,000 shares within a price range of NT$50 to NT$83. This strategic move has successfully bolstered market sentiment, contributing to a stock price gain of over 10% since the program's inception.
Market Performance: Shares of Foxconn Technology reached a yearly high of NT$69 during today's trading session, accompanied by a surge in trading volume exceeding 19,000 shares. The stock has successfully cleared all major moving averages, signaling a strong technical breakout.
Institutional Activity: Institutional investors have shown sustained interest, with major firms net buying a total of 2,940 shares over the past two consecutive trading days. This consistent buying pressure has solidified the company's position as a standout performer in the current market.
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