Foxconn reports Q2 revenue up 41% YoY to ~$78.4B, with cloud and networking products contributing 50%+ for the first time, and net profit up 35% to ~$1.86B (Sherry Qin/Wall Street Journal)
Foxconn’s AI server business has become large enough to overtake its old Apple-heavy revenue mix.
The company said cloud and networking products made up more than half of quarterly revenue for the first time. Q2 revenue rose 41% year over year to about $78.4 billion, while net profit climbed 35% to about $1.86 billion. The note points to demand for AI servers as the driver behind the quarter. Techmeme's note
The company said cloud and networking products made up more than half of quarterly revenue for the first time. Q2 revenue rose 41% year over year to about $78.4 billion, while net profit climbed 35% to about $1.86 billion. The note points to demand for AI servers as the driver behind the quarter. Techmeme's note
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