Foxconn expects higher third-quarter revenue, it said on Thursday, on robust demand for artificial intelligence servers, which helped the world's largest contract electronics maker report a forecast-beating 27% increase in second-quarter profit.

TAIPEI (Taiwan News) — Foxconn posted Thursday a Q2 profit of NT$44.36 billion (US$1.48 billion), a record high for the period, fueled by soaring sales of AI servers.

Foxconn reported a better-than-expected 27% rise in profit in Q2 and forecast higher sales growth in its AI server business in Q3.