Key facts
- Foxconn expects second-quarter performance to significantly exceed previous forecasts.
- Foxconn expects revenue to increase in the second quarter.
- Foxconn's revenue rose 34% in the April to May period.
- Foxconn is Nvidia's largest server manufacturer.
- Foxconn is Apple's primary iPhone assembler.
Foxconn announced that its performance in the second quarter is anticipated to significantly surpass its earlier growth projections, with expectations for increased revenue. The company's revenue rose 34% in the April to May period, driven by demand for Nvidia Corp. servers essential to AI infrastructure. As a major supplier, Foxconn is known for being Nvidia's largest server manufacturer and Apple's primary assembler for the iPhone. The company typically does not issue specific numerical guidance for its future financial outlook.