Hon Hai Precision Industry (2317) Q2 2025 earnings summary

Executive summary

• Q2 FY25 revenue reached NTD 1,793,468 million, up 16% year-over-year and 9% sequentially from Q1.

• Net income attributable to owners was NTD 44,361 million, up 27% year-over-year; EPS was NTD 3.19.

• Consolidated financial statements for H1 2025 were reviewed with a qualified conclusion due to some subsidiaries' financials not reviewed by independent auditors.

• The group operates globally in electronics manufacturing, with a diversified product portfolio and significant presence in Mainland China.

• Major business developments include strong AI server growth, EV market expansion, and digital health initiatives.

Financial highlights

• Operating revenue for H1 2025 was NT$3,437.8 billion, up from NT$2,874.5 billion year-over-year.

• Net profit for H1 2025 was NT$95.4 billion, compared to NT$63.8 billion in H1 2024.

• Basic EPS for H1 2025 was NT$6.23, up from NT$4.12 in H1 2024.

• Cash and cash equivalents at June 30, 2025, were NT$870.5 billion, down from NT$1,048.7 billion at June 30, 2024.

• Gross margin for H1 2025 was 6.2%.

Outlook and guidance

• Q3 and FY25 guidance indicate continued year-over-year growth in Smart Consumer Electronics, Cloud & Networking, and Computing Products.

• AI server revenue expected to grow over 170% year-over-year in Q3, with full-year revenue surpassing NTD 1 trillion.

• The group continues to focus on AI data center business and vertical integration in smartphone camera modules.

• EV business to expand into Australia and New Zealand in H2 2026; new model launches and certifications underway.

• Plans to issue new shares for a strategic partnership with Teco Electric & Machinery Co., Ltd.