Foxconn reported first-quarter revenue of T$2.13 trillion ($66.60 billion). This represents a 29.7% increase compared to the previous year. The company serves as the primary assembler for Apple iPhones and the largest server manufacturer for Nvidia.
Management attributed the performance to surging demand for artificial intelligence infrastructure. The cloud and networking division experienced the strongest growth due to AI server sales. Smart consumer electronics also saw significant gains following new product launches.
March revenue climbed 45.6% year-over-year to set a new record for the month. Foxconn expects operations to grow in the second quarter on both a quarterly and annual basis. The company warned that volatile global political and economic conditions require ongoing monitoring.