Foxconn, the Taiwan-based company that holds the title of the world’s largest contract electronics manufacturer, announced a 39.8% increase in second-quarter revenue compared to the same period last year — a result that exceeded what market analysts had predicted, fueled largely by surging demand for artificial intelligence products.
The company, which serves as Nvidia’s top server manufacturer and Apple’s primary iPhone assembler, reported revenue of T$2.513 trillion, equivalent to approximately $78.71 billion, for the April through June quarter, according to a statement released Sunday.
That figure came in above the T$2.372 trillion estimate calculated by LSEG SmartEstimate, a forecasting tool that places greater emphasis on predictions from analysts with stronger track records of accuracy.
Foxconn credited strong AI-related demand for driving growth in its cloud and networking products division. Its smart consumer electronics segment, which includes iPhones, also saw what the company described as “significant” growth during the quarter.
Looking at June alone, monthly revenue climbed 52.1% year-over-year to T$821.8 billion — a record high for that particular month.
The company expressed optimism about the months ahead, indicating that operations are expected to expand both compared to the previous quarter and to the same period last year in the third quarter, with AI rack products continuing on a growth trajectory.
Despite the upbeat numbers, Foxconn struck a note of caution, stating that “it remains necessary to monitor the impact of the volatile global political and economic situation.” The company did not offer further details on that warning.
Foxconn, whose formal corporate name is Hon Hai Precision Industry, does not release specific numerical forecasts for future performance.
On the stock market, the company’s shares have risen 4.3% so far this year, a gain that falls well short of the broader Taiwan market’s 61.5% increase over the same period. Shares closed up 0.6% on Friday, just before the revenue figures were made public, while the benchmark index finished the day essentially unchanged.
(Note: $1 equals approximately 31.9260 Taiwan dollars)
