Foxconn’s August sales rose 51.98 per cent from a year earlier to 921.77 billion Taiwan dollars. The manufacturer expects to outperform market expectations in the third quarter as AI demand grows and the industry enters its second-half peak season. August was its second-highest sales month overall. Revenue for the first eight months rose 39.73 per cent, while monthly sales moved in different directions across its product divisions.
Foxconn reported August sales of 921.77 billion Taiwan dollars, up 51.98 per cent from the same month a year earlier. It was the manufacturer’s highest August total and second-highest month overall, behind July’s 946.51 billion Taiwan dollars. Sales exceeded 900 billion Taiwan dollars for a second consecutive month. Revenue for the first eight months of the year rose 39.73 per cent to 6.51 trillion Taiwan dollars.[1], [2]
The company said on Saturday that it expects third-quarter performance to beat market expectations. It pointed to continuing growth in AI demand and the second-half peak season for information and communication technology products. Foxconn said visibility for the quarter had improved from the previous month. It does not publish numerical forecasts and said volatile global political and economic conditions still needed watching. Second-quarter profit had risen 35 per cent and exceeded analyst estimates.[2]
The cloud and networking division reported strong annual growth amid AI demand. Smart consumer electronics sales also rose from a year earlier as customers rebuilt inventories ahead of new products. On a month-to-month basis, cloud and networking products and electronic components grew, while smart consumer electronics and computing products declined. Foxconn described the third quarter as the industry’s traditional peak season.[1]
