Foxconn, the world’s largest electronics manufacturer, posted a 29.7% jump in first-quarter revenue for 2026, reaching T$2.13 trillion ($66.6 billion). The surge is driven by booming demand for AI-related products.
AI Infrastructure Powers Growth
The company’s cloud and networking products division was the key growth engine, fuelled by robust demand for AI server infrastructure. March revenue alone surged 45.6% year-on-year to T$803.7 billion, marking a record for that month.
iPhone Segment Also Strong
The smart consumer electronics segment — which encompasses iPhone assembly — also recorded significant growth, attributed to new product launches during the period.
Outlook
Foxconn expects operations to grow both quarter-on-quarter and year-on-year in Q2, with AI server rack deployments maintaining a continued growth trend. However, the company sounded a note of caution over what it described as a “volatile” global political and economic environment.
Full first-quarter earnings will be reported on May 14. The results underscore how AI infrastructure spending by hyperscalers continues to cascade down the supply chain, benefiting hardware manufacturers at every level.
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