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“We will take a more cautious view on the future outlook,” Chairman Young Liu said during an earnings call on Wednesday.
Fast-changing U.S. tariff policies over the past month, their disruptive effects on global supply chains, and foreign-exchange headwinds have created more uncertainty for Foxconn’s outlook, Liu said.
President Trump imposed a steep 32% levy on Taiwanese goods on April 2. Although he later announced a 90-day pause on that tariff, Taiwan is still subject to a 10% duty, and uncertainty remains over the application of China and sector-specific tariffs.
Foxconn’s first-quarter profit jumped 91% to 42.11 billion New Taiwan dollars, equivalent to US$1.38 billion, beating analyst expectations. Revenue rose 24% to NT$1.644 trillion.
Exporters like Foxconn are also dealing with a sharply stronger Taiwan dollar that has fanned concerns about goods becoming less competitive overseas.
