Foxconn Hon Hai Expertise Group signage in the course of the Nvidia GPU Expertise Convention (GTC) in San Jose, California, US, on Thursday, March 20, 2025.
David Paul Morris | Bloomberg | Getty Photos
Taiwan’s Foxconn, the world’s largest contract electronics maker, reported Thursday that its second-quarter working revenue rose 27% 12 months over 12 months, on the power 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 persistently 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 12 months, coming in step with LSEG’s SmartEstimates. The corporate’s internet revenue for the second quarter got here in at NT$44.36 billion, beating expectations of NT$38.81 billion.
Foxconn, formally referred to 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 this planet of AI.
The agency manufactures server racks designed for AI workloads and has turn out to be 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 good 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% 12 months over 12 months.
Foxconn mentioned earlier this month that it anticipated total income to develop additional within the third quarter, however famous that the influence of “evolving world political and financial circumstances” can 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 knowledge 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.
Nonetheless, U.S. President Donald Trump’s world tariffs may influence Foxconn’s outlook this 12 months. In response to Trump’s tariff threats, the corporate has already moved most of its last 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 mentioned to be ongoing.
Final week, Trump additionally mentioned he would impose a 100% tariff on imports of semiconductors and chips, however not on corporations which are “constructing in the USA.”
Whereas the small print of those tariffs stay unclear, Foxconn Expertise Co, a steel 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 growth technique, based on native media reviews.
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