reuters.com

Foxconn reports 35% Q2 profit rise on AI demand; Vera Rubin mass prep in Q3

Foxconn (Hon Hai Precision Industry) logoFoxconn (Hon Hai Precision Industry)
Sig2.50Sen+5.90Env-0.20Soc+0.06Gov0.00

In its earnings release, Foxconn maintained its outlook for strong revenue growth this year, citing sustained AI demand. For Vera Rubin AI server products it manufactures, it said mass-production preparation will start in Q3 with shipments beginning in Q4, aiming for higher volumes next quarters. Foxconn said next year’s rack output depends on CoWoS chip capacity. It forecast capex rising 30% in 2026 and noted a 40% July YoY jump in Q2 revenue.

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