Foxconn profit surges on AI demand, but more conservative on 2025 outlook

Taiwan’s Foxconn, the world’s largest contract electronics maker, posted a 91% leap in first-quarter profit and beat the market forecast on strong demand for artificial intelligence servers, but gave a more conservative full-year outlook.

Net profit for January-March for Apple’s top iPhone assembler and Nvidia’s server maker came in at T$ 42.12 billion ($1.39 billion), versus the T$ 37.8 billion average of 13 analyst estimates compiled by LSEG.

Foxconn, formally Hon Hai Precision Industry, last month said January-March revenue jumped 24.2% to a…