Foxconn reported that revenue for Nvidia’s primary server manufacturer and Apple’s leading iPhone assembler surged to T$2.513 trillion ($78.71 billion) for the April-June period, as stated in a release on Sunday.
This figure exceeded a T$2.372 trillion LSEG SmartEstimate, which prioritizes forecasts from analysts known for their consistent accuracy.
The strong demand for AI contributed to significant revenue gains in its cloud and networking products division, while smart consumer electronics, including iPhones, achieved “substantial” growth, according to the company. June’s revenue alone saw a 52.1% year-on-year increase, reaching a record T$821.8 billion for that month.
Looking ahead, operations are projected to grow both quarter-on-quarter and year-on-year in the third quarter, with AI racks expected to continue their upward trend, the company noted.
However, Foxconn cautioned that “it remains crucial to monitor the effects of the volatile global political and economic environment,” without going into further detail.
Foxconn, officially known as Hon Hai Precision Industry, does not issue specific numerical forecasts.
The company’s shares have risen 4.3% this year, trailing behind the Taiwan market’s 61.5% increase.
The stock closed up 0.6% on Friday prior to the revenue announcement, while the benchmark index remained flat at the end of the day.
