The key Apple and Nvidia supplier posted a 39.8% jump in quarterly revenue, beating forecasts as AI infrastructure spending continued to accelerate.
Taiwan-based Foxconn, the world’s largest contract electronics manufacturer, reported stronger-than-expected second-quarter revenue, driven by sustained demand for artificial intelligence (AI) infrastructure and steady growth in its consumer electronics business.
The company posted revenue of T$2.513 trillion ($78.7 billion) for the April-June quarter, up 39.8% from a year earlier. The figure exceeded analysts’ expectations of T$2.372 trillion, reflecting continued momentum in AI-related hardware demand.
Foxconn, the leading manufacturer of Nvidia’s AI servers and Apple’s iPhones, said its cloud and networking products division delivered robust growth, supported by rising shipments of AI servers and related equipment. The smart consumer electronics segment, which includes iPhone assembly, also recorded significant year-on-year growth.
June revenue climbed 52.1% from the same month last year to a record T$821.8 billion, marking the highest June sales in the company’s history.
Looking ahead, Foxconn expects business to improve further in the third quarter on both a sequential and annual basis. The company said demand for AI server racks is expected to remain strong, supporting continued growth.
Despite the upbeat outlook, Foxconn cautioned that geopolitical tensions and broader economic uncertainty could affect future business conditions. The company did not provide a detailed financial forecast, in line with its usual practice.
Foxconn’s shares have risen 4.3% so far this year, lagging the broader Taiwan stock market, which has gained more than 61% over the same period. The stock closed 0.6% higher on Friday, ahead of the release of its quarterly revenue figures.
