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.

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

Foxconn reports an 11% increase in second-quarter profit, bolstered by strong demand for AI servers, as it navigates geopolitical uncertainties and expands its manufacturing footprint.