Foxconn Q2 Revenue Jumps Nearly 40% on AI Server Demand
Foxconn, formally known as Hon Hai Precision Industry Co. Ltd., reported second-quarter revenue of about US$79 billion, up nearly 40% from a year earlier, surpassing market expectations. Strong demand for AI servers boosted its cloud and networking businesses, while its consumer electronics division, including iPhone assembly, also posted significant gains.
Foxconn Q2 Revenue Surges Nearly 40% on AI Demand
REPORTER:
Taiwan electronics maker Foxconn says second-quarter revenue surged nearly 40 percent from a year earlier, beating expectations as booming demand for AI servers drives growth.
Foxconn says revenue reached about 79 billion US dollars from April to June with both cloud and networking businesses seeing robust growth. The firm also saw its consumer electronics division, including iPhone assembly, post significant gains. June revenue alone hit a record for the month. Foxconn expects business to keep growing in the year’s third quarter. But it warns that volatile global political and economic conditions remain a risk.
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Foxconn Q2 Revenue Soars Amid Booming AI Demand
REPORTER:
Taiwan tech giant Foxconn says second-quarter revenue surged nearly 40 percent from a year earlier, beating expectations on booming demand for AI servers.
Foxconn says revenue reached about 79 billion US dollars in the April-to-June quarter, driven by strong demand for AI products.
The company says its cloud and networking business saw robust growth, while its consumer electronics division, including iPhone assembly, also posted significant gains. June revenue alone hit a record for the month.
Foxconn expects business to keep growing in the current quarter. But it warns that volatile global political and economic conditions remain a risk.
