Foxconn May Revenue Surges 39.57% YoY, Q2 Tracking Well Above Expectations
Foxconn reported May revenue up 39.57% year-on-year and said Q2 performance is tracking well above previously anticipated significant growth, driven by continued AI rack demand.
2317.TW
Foxconn (Hon Hai Precision Industry) reported May revenue jumped 39.57% year-on-year. The company noted that while Q2 is traditionally the off-season for the ICT industry, AI rack products are expected to maintain a continued growth trend.
Foxconn also stated that its Q2 performance is tracking well above the earlier guidance for significant growth, signaling strong demand for AI infrastructure.
Source: First Squawk