Foxconn Posts 40% Q2 Revenue Jump on AI Server Demand

Foxconn reported second-quarter revenue of NT$2.51 trillion, roughly US$79 billion, a 40% jump from a year earlier that beat the NT$2.37 trillion analyst consensus, per Fortune. June revenue reached NT$821.8 billion, a record for the month, per Hon Hai's monthly sales disclosure. Cloud and networking products, the division housing the AI server business, drove the growth per that disclosure; Fortune reported AI demand offset a slight decline in consumer electronics and computing.

The company said AI rack shipments should maintain momentum in the current quarter and guided for growth both quarter on quarter and year on year. The caveats are real: a memory chip supply crunch is squeezing smartphones, PCs, and servers alike, and management flagged geopolitical pressure on shipping routes and fuel costs. Foxconn assembles a large share of the world's Nvidia-based AI systems, so its top line is the cleanest monthly read on physical AI infrastructure demand.

Watch the cloud and networking segment mix in the July and August monthly prints. If AI racks keep outgrowing the consumer business through a memory shortage, the buildout is absorbing component inflation rather than stalling on it.