**Taiwan's Foxconn, the world's largest contract electronics maker, reported a 39.8% year-on-year rise in second-quarter revenue that beat market forecasts on strong demand for AI products**, though it cautioned about "volatile" global politics.
Revenue for Nvidia's biggest server maker and Apple's top iPhone assembler jumped to T$2.513 trillion ($78.71 billion) in the April-June quarter, Foxconn said in a statement on Sunday.
**June alone: T$821.8B, +52.1% YoY** — a record for the month.
Strong AI demand led to robust revenue growth for its cloud and networking products division, while smart consumer electronics, which includes iPhones, posted "significant" growth, the company said.
The driver is AI. **Foxconn** builds Nvidia's biggest AI servers, and its cloud/networking division posted robust growth. Smart consumer electronics — including iPhones, where Foxconn is Apple's top assembler — also saw "significant" growth.
Q3 is expected to grow both quarter-on-quarter and year-on-year, with AI rack demand "maintaining a growth trend."
