Taiwan’s Foxconn, the world’s largest contract electronics maker, reported Thursday that its second-quarter operating profit rose 27% year over year, on the strength of its growing artificial intelligence server business.

Here’s how Foxconn did in the second quarter of 2025 compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:

• Revenue: 1.79 trillion New Taiwan dollars ($59.73 billion) vs. NT$1.79 trillion
• Operating profit: NT$56.596 billion vs. NT$49.767 billion

The company’s net profit for the second quarter came in at NT$44.36 billion, beating LSEG’s SmartEstimates of NT$38.81 billion.

Foxconn, formally called Hon Hai Precision Industry, is the world’s largest manufacturer of Apple’s iPhones, and has been looking to replicate its success in consumer electronics in the world of AI.

The firm manufactures server racks designed for AI workloads and has become a key partner to American AI chip darling Nvidia.

In an earnings report, the company forecasted that revenue from its AI server business would grow over 170% year over year in the current quarter.

Foxconn reported Aug. 5 that it expected further revenue growth in the third quarter, but noted that the impact of “evolving global political and economic conditions” would be closely monitored.

On July 30, Foxconn announced that it was taking a stake in industrial motor maker TECO Electric & Machinery in a strategic partnership to build AI data centers.

The company has also shown its willingness to expand into new areas, including the assembly of electric vehicles and even the manufacturing of semiconductors.

However, U.S. President Donald Trump’s global tariffs could impact Foxconn’s outlook this year. In response to Trump’s tariff threats, the company has already moved most of its final production of made-for-the-U.S. iPhones to India.