Foxconn Reports Record Q2 Revenue, Powered by AI Product Demand

Foxconn (SS:601138 / TW:2317), the world’s largest contract electronics manufacturer, posted record second-quarter revenue on the back of surging demand for artificial intelligence (AI) infrastructure and components.

Q2 Revenue Beats Expectations Foxconn, formally known as Hon Hai Precision Industry Co Ltd, reported revenue of T$1.797 trillion ($55.6 billion USD approx.), marking a 15.82% year-on-year increase. The result beat analyst expectations of T$1.7896 trillion, according to estimates compiled by LSEG.

The company’s cloud and networking products division—a key beneficiary of rising AI adoption—saw strong growth. Foxconn is a major supplier to NVIDIA Corporation (NASDAQ:NVDA), whose AI chips are central to global data center expansion.

📊 Use the Revenue Product Segmentation API to analyze Foxconn's revenue drivers across business units, including AI/cloud vs. consumer electronics.

Mixed Outlook Across Segments While the AI-driven business units surged, Foxconn noted “flattish” revenue growth in smart consumer electronics—a segment that includes Apple’s (NASDAQ:AAPL) iPhone. The company cited exchange rate headwinds as a major factor weighing on performance.

June revenue alone came in at T$540.237 billion, up 10.09% YoY, marking the highest June revenue on record for the company.

Forward Guidance and Risks Foxconn anticipates sequential and annual growth in the third quarter, driven largely by AI infrastructure orders. However, the company also flagged potential geopolitical risks and currency volatility that could weigh on margins and shipment forecasts.

Investors may want to track Foxconn’s supplier-client dynamics and pricing trends in key markets like the U.S. and China.

📈 Leverage the Company Rating API to monitor Foxconn’s evolving financial health and risk rating based on profitability, growth momentum, and debt profile.

Final Thoughts As AI infrastructure becomes central to enterprise digital transformation, Foxconn is clearly benefiting from the surge in hardware deployment, even as legacy segments like smartphones see more subdued growth.

With geopolitical tensions and currency markets still in flux, the next few quarters will test whether Foxconn’s AI-driven momentum can offset macroeconomic uncertainty.