Hon Hai reports new high for June sales in growing AI era

Taipei, July 5 (CNA) Taiwan-based manufacturing giant Hon Hai Precision Industry Co. reported on Saturday that its sales for June rose 10 percent from a year earlier as cloud and networking gadgets showed strong growth amid an artificial intelligence boom.

Data released by the iPhone assembler, better known as Foxconn internationally, showed Hon Hai posted consolidated sales of NT$540.24 billion (US$18.67 billion) in June, the highest ever for the month and up 10.09 percent from a year earlier but down 12.26 percent from a month earlier.

Hon Hai, which also rolls out AI servers, said its cloud and networking division benefited from solid global demand for AI applications and cloud services to generate higher sales year-over-year in June.

In addition, its smart consumer electronics operations received a boost from international brands' efforts to launch new entertainment devices to also post a significant year-on-year sales increase in June.

June sales of the company's electronics component operations, however, were little changed from June 2024, and the computing division suffered a sales decline in the month, according to the company.

Hon Hai said its major divisions largely reported a month-on-month decline in June sales in the wake of a stronger Taiwan dollar against the U.S. dollar and weakening momentum for clients to build up inventories.

In the second quarter, Hon Hai's consolidated sales hit a new high of about NT$1.80 trillion for the April-June period, up 15.82 percent from a year earlier and up 9.45 percent from the first quarter, the data showed.

In the first six months of 2025, Hon Hai posted consolidated sales of NT$3.44 trillion, up 19.68 percent from a year earlier, according to Hon Hai figures.

Looking ahead, Hon Hai said sales growth momentum is expected to accelerate in the third quarter, a traditional peak season in the information and communication technology industry.

It expected that its revenue would not only grow from a quarter earlier but also from a year earlier.

Hon Hai will hold an investor conference for Aug. 14 to detail its second quarter results and provide guidance for the third quarter and 2025 as a whole.