Foxconn reports record Q2 revenue driven by AI products, warns of geopolitical risks

Taiwan’s Foxconn reported record second-quarter revenue of T$1.797 trillion, up 15.82% from last year, driven by strong demand for AI products. Revenue beat analyst estimates, with June revenue hitting a record high of T$540.237 billion. However, exchange rate fluctuations could impact growth.

Foxconn expects growth this quarter but warns of geopolitical and exchange rate risks. The company, known for manufacturing iPhones, did not provide specific forecasts but will report full earnings on August 14. Shares have dropped 12.5% this year, reflecting broader tech stock concerns amid trade tensions.

U.S. President Trump signed letters outlining tariff levels for 12 countries, with offers to be sent on Monday. Foxconn operates the world’s largest iPhone manufacturing facility in Zhengzhou, China. The company did not provide a detailed forecast but highlighted the impact of global conditions on future growth.

Read more at Yahoo Finance: Foxconn reports record Q2 revenue, cautions about geopolitical and exchange rate risks