Taiwan's Foxconn reports 35% rise in Q2 profit on AI demand, beats forecasts
Foxconn’s net profit reached T$59.97 billion, or $1.86 billion, as AI server demand lifted revenue and beat analyst estimates.
- Taiwan's Hon Hai Precision Industry, known as Foxconn, reported a 35% increase in net profit for Q2 2026, reaching NT$59.97 billion , driven by strong demand for AI servers and cloud devices, marking its highest second-quarter profit ever.
- Foxconn's second-quarter consolidated sales grew 41% year-on-year to NT$2.53 trillion, with the cloud and networking division accounting for 51% of revenue, surpassing the halfway mark for the first time.
- The company's operating margin improved by 0.60 percentage points year-on-year to 3.75%, although gross margin slightly declined to about 6.12%, and net margin decreased marginally to around 2.37% compared to the previous year.
- Foxconn is expanding its production footprint globally, including new capacity in the U.S. and Mexico, and expects AI server racks to become a major product next year amid strong AI infrastructure investments.
30 Articles
30 Articles
AI trade surges on firms’ cloud earnings
Cloud provider CoreWeave’s stock surged 19% Wednesday, as it joined a parade of firms providing critical AI infrastructure for hyperscalers reporting record demand. Taiwanese electronics maker Foxconn also beat forecasts, with cloud and networking services accounting for more than half of its revenue for the first time. The race to develop ever more sophisticated AI models shows no sign of slowing, prompting Google co-founder Sergey Brin to impl…
Hon Hai beats profit estimates
Hon Hai Precision Industry Co (鴻海精密) yesterday said that net profit for the second quarter grew 35 percent year-on-year to NT$59.98 billion (US$1.86 billion), a record for a single quarter and beating the NT$58 billion average analyst estimate.Earnings per share rose to a record NT$4.27 from NT$3.19
Foxconn Posts Record USD 1.86 Bn Profit in Apr-June Quarter, Up 35% YoY on AI Server Demand
Get latest articles and stories on Business at LatestLY. Foxconn reported its highest-ever net profit for the second quarter, rising 35 per cent year-on-year to NT$59.97 billion (USD 1.86 billion), as cloud and networking products accounted for more than half of its revenue amid strong demand linked to AI infrastructure investments, according to a news report by Focus Taiwan. Business News | Foxconn Posts Record USD 1.86 Bn Profit in Apr-June Qu…
Foxconn used to make half its revenue from Apple; now it's below 29%
As Apple’s lead iPhone assembler, contract manufacturing company Foxconn long made more than half of its revenue from the Cupertino company. As of the last quarter, however, that proportion fell to below 29%, and the company says the shift is going to be permanent – leaving investors concerned …
Coverage Details
Bias Distribution
- 38% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
