Foxconn Q2 2026 revenue rises 39.8% on AI demand

Foxconn, the world's largest contract electronics manufacturer, reported a significant 39.8% year-over-year increase in revenue for the second quarter of 2026, driven by surging demand for artificial intelligence infrastructure. The Taiwanese company, a key assembler for Apple and the primary server maker for Nvidia, said revenue for the April-June period reached T$2.513 trillion (approximately $78.71 billion), exceeding analyst forecasts.

The results underscore a strategic shift for the manufacturing giant, with cloud and networking products, which house its AI server business, becoming a primary growth engine. The company noted robust revenue growth in this division alongside significant growth in its smart consumer electronics segment, which includes iPhone assembly. This performance culminated in a record month of June, where revenue alone jumped 52.1% year-over-year to T$821.8 billion.

Management indicated that operations are expected to grow both sequentially and year-over-year in the third quarter, with AI rack shipments projected to maintain their upward trajectory. The strong quarterly results follow a first quarter where revenue grew 29% year-over-year, suggesting...