Foxconn Q1 revenue jumps 30% on AI tailwinds; cautions on Middle East "volatility"

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Second U.S. pilot rescued in Iran, ‘we got him!’ says Trump Israel eyes strikes on Iranian energy facilities, awaits U.S. approval Trump may shift from leadership to regime change if midterms slip: strategist Trump weighs cabinet reshuffle as Iran war pressures mount, Reuters reports (South Africa Philippines Nigeria) Foxconn Q1 revenue jumps 30% on AI tailwinds; cautions on Middle East "volatility" By Author Simon Mugo Earnings Published 04/05/2026, 04:53 AM Updated 04/05/2026, 05:11 AM Foxconn Q1 revenue jumps 30% on AI tailwinds; cautions on Middle East "volatility" 0 TWII -1.82% 2354 -2.10% Investing.com -- Foxconn Technology Co Ltd (TW:2354) , the world’s largest contract electronics manufacturer, reported a robust 29.7% year-on-year surge in first-quarter revenue on Sunday, fueled by relentless demand for artificial intelligence infrastructure. Get premium news and insight, AI stock picks, and deep research tools by upgrading to InvestingPro However, the Apple Inc (NASDAQ:AAPL) and NVIDIA Corporation (NASDAQ:NVDA) partner tempered the upbeat results with a cautious outlook, citing the "volatile" global political climate, specifically the ongoing conflict in the Middle East, as a primary headwind for the remainder of 2026. AI servers and iPhones drive record March Revenue for the quarter hit T2.13 trillion ($66.60 billion), narrowly missing the T$2.148 trillion LSEG SmartEstimate but still representing a significant expansion. The growth was spearheaded by the cloud and networking division, which benefited from the global build-out of AI data centers. Meanwhile, the "smart consumer electronics" segment, which includes the iPhone, saw "significant" growth following recent product launches. March alone marked a historic high for the month, with revenue skyrocketing 45.6% to T803.7 billion. The company, formally known as Hon Hai Precision Industry (TW: 2317), expects the momentum in AI racks to persist thro...