Major Apple assembler Foxconn smashes Q2 revenue record

The logo of electronics contract manufacturer Foxconn Technology Group, formally known as Hon Hai Precision Industry, is displayed at its headquarters in Taipei. Photo: Agence France-Presse
Foxconn Technology reported a record second-quarter revenue of NT$1.797 trillion, reflecting a 16% year-on-year increase and a 9% quarter-on-quarter rise. Hon Hai Precision attributed the growth to robust demand for AI products, boosting its Cloud and Networking Products segment, alongside strong performance in Components and Other Products.
Nauman Khan for GuruFocus:
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Expressed in U.S. dollars, revenue climbed roughly 18.6% from a year earlier and rose about 14.1% sequentially. The figures surpassed company expectations for annual comparisons and matched forecasts on a quarterly basis.
Looking ahead to the third quarter, the Apple supplier expects both quarter‑on‑quarter and year‑on‑year growth as information‑and‑communication‑technology products enter peak season. It noted, however, that geopolitical tensions and exchange‑rate fluctuations will require close monitoring.
In June alone, Foxconn’s revenue reached NT$540.24 billion, the highest on record for the month, despite a 12% drop from May. The company’s six‑month cumulative revenue of NT$3.44 trillion marked a new first‑half high.

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MacDailyNews Take: Strong start to a year that now moves into the next-gen iPhone 17 ramp up and production while still riding the AI wave.

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