Foxconn reports record Q2 revenue, cautions about geopolitical and exchange rate risks

Taipei: Taiwan’s Foxconn, the world’s largest contract electronics maker, reported record second-quarter revenue on strong demand for artificial intelligence products but cautioned about geopolitical and exchange rate headwinds.

Revenue for Apple’s biggest iPhone assembler jumped 15.82 per cent year-on-year to T$1.797 trillion, Foxconn said in a statement on Saturday, beating the T$1.7896 trillion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more consistently accurate.