Hon Hai Precision Industry Co. reported 15.8 per cent growth in quarterly sales on robust demand for AI servers and iPhones.
Revenue totaled NT$1.8 trillion ($62 billion) in the three months to June, largely in line with analysts’ expectations, results showed Saturday. Hon Hai expects third-quarter sales to grow sequentially and year-on-year.
The Taiwanese company, also known as Foxconn, is Apple Inc.’s primary iPhone assembler and makes servers powered by Nvidia Corp.’s AI accelerators.
The AI supply chain will remain strong as spending by major cloud service providers remains intact, GF Securities Co. analysts led by Jeff Pu said in a note ahead of the sales result. There is also upside to Hon Hai’s iPhone production volume due to demand for expedited delivery before potential tariffs hit, the analysts said.
Research firm Counterpoint also saw 8 per cent percentage growth for Apple smartphone sales in China on solid demand for the iPhone 16 Pro and Pro Max models in the second quarter.
Hon Hai is navigating abrupt and unpredictable geopolitical shifts while it tries to diversify its manufacturing footprint. It cut its full-year revenue guidance in May, citing the potential fallout from a US-China trade war.
US President Donald Trump announced a 20 per cent American surtax on Vietnam-produced goods and a 40 per cent levy on those trans-shipped from elsewhere through Vietnam, where Hon Hai and its subsidiaries have been making electronics for years.
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Published on July 5, 2025
