Foxconn Posts Record Q2 Revenue Driven by AI and Cloud Demand

Foxconn, the world's largest contract electronics manufacturer, reported record second-quarter revenue of T$1.797 trillion ($55.2 billion), marking a 15.82% year-on-year increase. The surge was fueled by rising demand for AI chips and cloud computing infrastructure as tech giants expand data center investments.

The company's cloud and networking division, which supplies components to AI leaders like Nvidia, saw significant growth. While iPhone assembly revenue remained flat, June sales alone hit a monthly record of T$540.237 billion, up 10.09% annually.

Market expectations were exceeded as Foxconn outperformed LSEG SmartEstimate's T$1.7896 trillion forecast. The Taiwanese manufacturer anticipates continued growth in Q3, though no specific numerical guidance was provided.