Taiwan-based contract manufacturer Foxconn booked record revenue in the first five months of 2025, forecasting cloud network products to maintain its growth trend.

The company noted its operating outlook in the current quarter is expected to see significant quarter-to-quarter and year-on-year gains, led by cloud network products maintaining its growth trend.

In a statement, the major Apple supplier cautioned it needs “to continue to pay attention to the impact of global political and economic situations and exchange rate changes”.

January to May sales grew 21.7 per cent to TWD2.9 trillion ($96.9 billion).

The company said its cloud portfolio, components and other products, and computer terminals grew rapidly year-on-year, while consumer smart product sales were flat.

Rival Wistron registered 54.5 per cent growth in revenue in April to TWD133.7 billion, after Q1 sales increased 44.8 per cent to TWD346 billion.

Pegatron, another Taiwan-headquartered electronics manufacturer, saw revenue increase 10.4 per cent to TWD375.3 billion in the first five months of the year.