Foxconn reports record first-quarter revenue, driven by strong AI demand, but cautions on global political risks

Taiwan’s Foxconn, the world’s largest contract electronics maker, posted its highest first-quarter revenue ever on strong demand for artificial intelligence products but said it would need to closely watch global politics.

Revenue for Apple’s biggest iPhone assembler jumped 24.2% year-on-year to T$1.64 trillion ($49.5 billion), Foxconn said in a statement on Saturday, just missing the T$1.68 trillion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more consistently accurate.