TAIPEI – Foxconn reported second-quarter revenue of $57 billion, a 15.8% year-over-year increase and rebounding strongly from the first quarter. The growth was fueled primarily by soaring demand for artificial intelligence hardware, with its cloud and networking division leading the charge.
The consumer electronics segment, including iPhone assembly, remained flat due to currency fluctuations despite steady product demand. However, June alone brought in $17.1 billion, marking the highest monthly revenue for June in company history.
Foxconn expects revenue to grow both sequentially and year-over-year, driven by continued AI infrastructure demand. Still, executives warned of risks from global economic uncertainty and geopolitical tensions. In a sign of strain, Foxconn has begun withdrawing over 300 Chinese engineers from its iPhone operations in India, an apparent response to Beijing’s effort to limit the outflow of tech talent and sensitive manufacturing knowledge.