Taiwan’s Foxconn, the world’s largest contract electronics maker, said it expects its overall operations to grow on a quarterly and annual basis after reporting a 40% year-on-year rise in second-quarter revenue.
Strong AI demand drove revenue growth for its cloud and networking products division, the company said. Smart consumer electronics, which include iPhones, posted “significant” growth, the company said. Revenue rose 52% year-on-year to T$821.8 billion in June, a record for the month.
Foxconn in March projected strong sales growth in 2026, fueled by sustained AI momentum, Bloomberg reported. The company’s sales are driven by assembling Apple’s iPhones and MacBooks.
"Looking ahead to the third quarter, AI rack shipments are expected to maintain growth, and operations will gradually gain momentum as ICT products enter peak season," the Taiwan-based company said. "The outlook for overall operations expects both QoQ and YoY growth.
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