Foxconn has exceeded market expectations by reporting a 39.8% increase in second-quarter (Q2) revenue but signalled a note of caution about "volatile" global politics.
The Taiwanese company, the world's largest contract electronics maker, said revenue jumped to T$2.513 trillion (US$78.71 billion) in the three months ending June 2026.
That was more than the T$2.372 trillion estimate from London Stock Exchange Group’s LSEG SmartEstimate earnings forecasting model.
The company said strong artificial intelligence (AI) demand led to robust revenue growth for its cloud and networking products division, while smart consumer electronics including iPhones posted "significant" growth.
“Looking ahead to the third quarter, AI rack shipments are expected to maintain growth, and operations will gradually gain momentum as ICT (information and communication technology) products enter peak season,” Foxconn said in this press release.
“The outlook for overall operations expects both QoQ and YoY growth, though it remains necessary to monitor the impact of the volatile global political and economic situation.”
Foxconn, whose formal trade name is Hon Hai Precision Industry Co., Ltd, is Nvidia's biggest server maker and Apple's top iPhone assembler.
Foxconn shares (TPE: 2317) closed T$1.50 (0.63%) higher at $240.50 on Friday, capitalising the company at $3.37 trillion (US$104.5 billion).
