Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s largest iPhone assembler, reported record fourth-quarter revenue on Monday, fueled by robust demand for artificial intelligence products.
Revenue for the company — also Nvidia’s leading server manufacturer — surged 22.07% year-over-year to T$2.6028 trillion ($82.73 billion), according to a company statement.
The results exceeded the T$2.418 trillion LSEG SmartEstimate analysts’ consensus.
Reuters:
Foxconn said revenue for the quarter grew significantly on both a quarter-on-quarter and year-on-year basis, exceeding its expectations and creating a high base of comparison for the first quarter of 2026.
For the first quarter, information and communications technology products have entered a seasonal slowdown, Foxconn said in the statement. However, robust demand for AI server rack products, even against the elevated fourth-quarter base, is expected to bring performance toward the upper end of its past five-year range.
On a U.S. dollar basis, Foxconn said fourth-quarter revenue rose 26.4%.
The growth was driven by strong performance in Foxconn’s cloud and networking products division, led by booming demand for AI products, while its smart consumer electronics segment – which includes iPhones – posted a slight revenue decline due to unfavorable exchange rates.
MacDailyNews Take: Longer-term, Foxconn is increasingly involved in Apple’s own AI infrastructure (e.g., assembling servers for Apple Intelligence data centers), and major AI feature rollouts (like an enhanced Siri) are slated for 2026, which we see as likely to spur future iPhone upgrades. For now, though, this report highlights Foxconn’s diversification into AI servers as its primary growth engine.
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