Foxconn Industrial Internet forecasts substantial profit growth

Foxconn Industrial Internet (FII) has released a preliminary earnings forecast projecting substantial profit increases for both the second quarter and the first half of 2025. The company estimates Q2 net profit attributable to shareholders to be between CNY 6,727,420 thousand and CNY 6,927,420 thousand, representing a 47.72% to 52.11% increase compared to the same period last year. First-half net profit attributable to shareholders is expected to range from CNY 11,958,195 thousand to CNY 12,158,195 thousand, a 36.84% to 39.12% rise year-over-year. The company attributes this growth to the rapid expansion of its cloud computing business, particularly in AI data centers, with AI server revenue up over 60% and cloud service provider server revenue up over 150%. FII notes continued leading market share and deepening customer relationships as key factors.