{"id":68494,"date":"2025-08-14T07:48:08","date_gmt":"2025-08-14T07:48:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/68494\/"},"modified":"2025-08-14T07:48:08","modified_gmt":"2025-08-14T07:48:08","slug":"ai-demand-boosts-iphone-maker-foxconns-second-quarter-profit-by-27-beating-forecasts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/68494\/","title":{"rendered":"AI demand boosts iPhone maker Foxconn’s second-quarter profit by 27%, beating forecasts"},"content":{"rendered":"

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

David Paul Morris | Bloomberg | Getty Images<\/p>\n

Taiwan’s Foxconn<\/a>, the world’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

Here’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

Revenue:\u00a01.79 trillion New Taiwan dollars ($59.73 billion) vs. NT$1.79 trillionOperating profit:\u00a0NT$56.596 billion vs. NT$49.767 billion<\/p>\n

The company’s net profit for the second quarter came in at NT$44.36 billion, beating\u00a0LSEG’s SmartEstimates of NT$38.81 billion.<\/p>\n

Foxconn, formally called Hon Hai Precision Industry, is the world’s largest manufacturer of Apple’s iPhones, and has been looking to replicate its success in consumer electronics in the world of AI.<\/p>\n

The firm manufactures server racks designed for AI workloads and has become a key partner to American AI chip darling Nvidia<\/a>.<\/p>\n

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

Foxconn reported Aug. 5 that it expected further revenue growth in the third quarter, but noted that the impact of “evolving global political and economic conditions” would be closely monitored.<\/p>\n

On July 30, Foxconn announced that it was taking a stake in industrial motor maker TECO Electric & Machinery in a strategic partnership to build AI data centers.<\/p>\n

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

However, U.S. President Donald Trump’s global tariffs could impact Foxconn’s outlook this year. In response to Trump’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,…\n","protected":false},"author":2,"featured_media":68495,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,2158,161,49,48,16326,43235,1369,61],"class_list":["post-68494","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-breaking-news-technology","tag-business-news","tag-ca","tag-canada","tag-earnings","tag-hon-hai-precision-industry-co-ltd","tag-nvidia-corp","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/68494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=68494"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/68494\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/68495"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=68494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=68494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=68494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}