{"id":343288,"date":"2025-08-14T07:32:14","date_gmt":"2025-08-14T07:32:14","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/343288\/"},"modified":"2025-08-14T07:32:14","modified_gmt":"2025-08-14T07:32:14","slug":"ai-demand-boosts-iphone-maker-foxconns-second-quarter-profit-by-27-beating-forecasts","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/343288\/","title":{"rendered":"AI demand boosts iPhone maker Foxconn&#8217;s second-quarter profit by 27%, beating forecasts"},"content":{"rendered":"<p>Foxconn Hon Hai Technology Group signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. <\/p>\n<p>David Paul Morris | Bloomberg | Getty Images<\/p>\n<p>Taiwan&#8217;s <a href=\"https:\/\/www.cnbc.com\/quotes\/2317-TW\/\" target=\"_blank\" rel=\"noopener\">Foxconn<\/a>, the world&#8217;s largest contract electronics maker, reported Thursday that its second-quarter operating profit rose 27% year over year, on the strength of its growing artificial intelligence server business.<\/p>\n<p>Here&#8217;s how Foxconn did in the second quarter of 2025 compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:<\/p>\n<ul>\n<li><strong>Revenue:\u00a0<\/strong>1.79 trillion New Taiwan dollars ($59.73 billion) vs. NT$1.79 trillion<\/li>\n<li><strong>Operating profit:\u00a0<\/strong>NT$56.596 billion vs. NT$49.767 billion<\/li>\n<\/ul>\n<p>The company&#8217;s net profit for the second quarter came in at NT$44.36 billion, beating\u00a0LSEG&#8217;s SmartEstimates of NT$38.81 billion.<\/p>\n<p>Foxconn, formally called Hon Hai Precision Industry, is the world&#8217;s largest manufacturer of Apple&#8217;s iPhones, and has been looking to replicate its success in consumer electronics in the world of AI.<\/p>\n<p>The firm manufactures server racks designed for AI workloads and has become a key partner to American AI chip darling <a href=\"https:\/\/www.cnbc.com\/quotes\/NVDA\/\" target=\"_blank\" rel=\"noopener\">Nvidia<\/a>.<\/p>\n<p>In an earnings report, the company forecasted that revenue from its AI server business would grow over 170% year over year in the current quarter.<\/p>\n<p>Foxconn reported Aug. 5 that it expected further revenue growth in the third quarter, but noted that the impact of &#8220;evolving global political and economic conditions&#8221; would be closely monitored.<\/p>\n<p>On July 30, Foxconn announced that it was taking a stake in industrial motor maker TECO Electric &amp; Machinery in a strategic partnership to build AI data centers.<\/p>\n<p>The company has also shown its willingness to expand into new areas, including the assembly of electric vehicles and even the manufacturing of semiconductors.<\/p>\n<p>However, U.S. President Donald Trump&#8217;s global tariffs could impact Foxconn&#8217;s outlook this year. In response to Trump&#8217;s tariff threats, the company has already moved most of its final production of made-for-the-U.S. iPhones to India.<\/p>\n","protected":false},"excerpt":{"rendered":"Foxconn Hon Hai Technology Group signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US,&hellip;\n","protected":false},"author":2,"featured_media":343289,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3163],"tags":[323,1942,3083,3085,1830,122063,8572,53,16,15],"class_list":{"0":"post-343288","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-breaking-news-technology","11":"tag-business-news","12":"tag-earnings","13":"tag-hon-hai-precision-industry-co-ltd","14":"tag-nvidia-corp","15":"tag-technology","16":"tag-uk","17":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115025958858259983","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/343288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=343288"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/343288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/343289"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=343288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=343288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=343288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}