Foxconn Hon Hai Know-how Group signage through the Nvidia GPU Know-how Convention (GTC) in San Jose, California, US, on Thursday, March 20, 2025.
David Paul Morris | Bloomberg | Getty Pictures
Taiwan’s Foxconn, the world’s largest contract electronics maker, reported Thursday that its second-quarter working revenue rose 27% yr over yr, on the energy of its rising synthetic intelligence server enterprise.
Here is how Foxconn did within the second quarter of 2025 in contrast with LSEG SmartEstimates, that are weighted towards forecasts from analysts who’re extra constantly correct:
- Income: 1.79 trillion New Taiwan {dollars} ($59.73 billion) vs. NT$1.79 trillion
- Working revenue: NT$56.596 billion vs. NT$49.767 billion
Second quarter income grew 16% from final yr, coming according to LSEG’s SmartEstimates. The corporate’s web revenue for the second quarter got here in at NT$44.36 billion, beating expectations of NT$38.81 billion.
Foxconn, formally known as Hon Hai Precision Business, is the world’s largest producer of Apple’s iPhones, and has been trying to replicate its success in client electronics on the planet of AI.
The agency manufactures server racks designed for AI workloads and has turn into a key accomplice to American AI chip darling Nvidia.
Gross sales of Foxconn’s server merchandise made up the lion’s share of revenues within the second quarter at 41%, surpassing its sensible client digital merchandise for the primary time, which accounted for 35%.
In an earnings report, the corporate forecasted that its AI server enterprise would proceed to drive development into the present quarter, with income anticipated to extend by over 170% yr over yr.
Foxconn stated earlier this month that it anticipated total income to develop additional within the third quarter, however famous that the influence of “evolving international political and financial circumstances” could be carefully monitored.
On the finish of July, Foxconn introduced that it was taking a stake in industrial motor maker TECO Electrical & Equipment in a strategic partnership to construct extra AI information facilities.
The corporate has additionally proven its willingness to develop into new areas, together with the meeting of electrical autos and the manufacturing of semiconductors.
Nevertheless, U.S. President Donald Trump’s international tariffs might influence Foxconn’s outlook this yr. In response to Trump’s tariff threats, the corporate has already moved most of its closing manufacturing of made-for-the-U.S. iPhones to India.
Taiwan has been hit with a 20% “momentary tariff” from the U.S., with commerce negotiations stated to be ongoing.
Final week, Trump additionally stated he would impose a 100% tariff on imports of semiconductors and chips, however not on corporations which might be “constructing in america.”
Whereas the main points of those tariffs stay unclear, Foxconn Know-how Co, a metallic casing provider owned by Hon Hai Precision Business, introduced plans to take a position $1 billion within the U.S. over the following ten years as a part of its North American enlargement technique, based on native media reviews.