Foxconn’s AI server business is now large enough to reshape the company’s financial results.
Second-quarter net profit rose 35% year over year to NT$59.97 billion, or about $1.86 billion, while revenue jumped 41% to NT$2.526 trillion. Cloud and Networking products, including AI servers, accounted for more than half of revenue for the first time.
The manufacturer expects AI server rack shipments to grow by a high double-digit percentage sequentially in the third quarter and more than double for the full year.
For infrastructure and procurement teams, Foxconn’s results confirm that hyperscaler spending is already reaching manufacturing lines, but…
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