Foxconn reports Q1 revenue up 15.8% YoY to ~$62B, driven by strong demand for iPhones and AI servers powered by Nvidia chips, meeting analysts' expectations (Debby Wu/Bloomberg)
235d ago
Technology
Techmeme

Foxconn's Q1 revenue surged 15.8% year-over-year to approximately $62 billion, fueled by robust demand for iPhones and AI servers utilizing Nvidia chips. The revenue figure of NT$1.8 trillion ($62 billion) for the three months ending in June aligned with analysts' forecasts, according to the company's report released Saturday. This strong performance underscores Foxconn's key role in supplying components for both consumer electronics and the rapidly growing AI infrastructure market.