Foxconn, the world’s largest contract electronics manufacturer, reported a sharp rise in second-quarter profit on Wednesday, driven by robust demand for artificial intelligence hardware. The results surpassed analyst forecasts and reinforced the company’s outlook for continued growth this year.
Net profit for the April–June period climbed 35% to NT$59.97 billion (about US$1.86 billion). That figure beat the LSEG consensus estimate of NT$58.8 billion and compared with NT$44.4 billion in the same quarter a year earlier. Foxconn is Nvidia’s largest server maker and Apple’s primary iPhone assembler.
In its earnings release, the company — formally known as Hon Hai Precision Industry — reaffirmed its earlier guidance of “strong” revenue growth for the full year. It highlighted sustained AI demand as a key driver throughout 2026. Foxconn does not provide specific numerical forecasts.
The profit surge follows a July report showing second-quarter revenue jumped 40% year-on-year. Most iPhones destined for the U.S. market are now assembled in India rather than China, while Foxconn continues to expand manufacturing capacity for AI servers, including new facilities in Mexico and Texas for Nvidia. The company is also pursuing opportunities in electric vehicles.
Foxconn shares have gained about 17% so far this year, trailing the broader Taiwan stock index’s 57% advance. The stock closed 2.7% higher on Wednesday ahead of the results announcement.
MacDailyNews Take: AI-related demand continues to reshape the fortunes of major electronics contract manufacturers, even as traditional consumer electronics face more mixed conditions.
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