AI boom lifts Foxconn’s August sales to $29.14 billion

Foxconn’s August sales reached NT$921.77 billion ($29.14 billion), a 51.98% increase from a year earlier, as global demand for artificial-intelligence applications boosted the Taiwan-based manufacturer.

The result marked the second-highest monthly sales total in Hon Hai Precision Industry’s history, behind the NT$946.51 billion recorded in July. Foxconn, a major iPhone assembler and AI-server maker, said its cloud and networking division posted significant year-on-year growth as AI momentum accelerated.

Its smart consumer electronics division also recorded strong growth. Customers rebuilt inventories ahead of new product launches, while higher shipment prices supported sales. The electronics component and computing product divisions likewise posted significant annual increases. Compared with July, however, cloud and networking and electronics components grew, while smart consumer electronics and computing products declined.

Foxconn’s consolidated sales for the first eight months stood at NT$6.51 trillion ($205.32 billion), up 39.73% from the same period a year earlier. The company expects its growth momentum to continue, saying the third quarter is traditionally a peak season for the information and communications technology industry.

Apple supplier Largan Precision reported August sales of NT$5.01 billion ($158.01 million), down 16% year on year but up 3% from July. Largan said higher-margin lenses with 20 megapixels or more accounted for 10% to 20% of August sales, while 10-to-20-megapixel lenses made up 60% to 70%. The company expects September sales to rise as peak-season demand and customer inventory building support shipments.