Foxconn, formally known as Hon Hai Precision Industry, reported stronger-than-expected first-quarter results on Thursday, driven by surging AI server demand.
$2317.TW (Foxconn / Hon Hai) Q1 2026 Earnings
Massive beat on AI server surge…
Classic “sell the news” dip despite strong results
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KEY METRICS (Q1 2026)
Net Profit: T$49.92B (~$1.58B) → +18.5% YoY (beat estimates)
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— Emmanuel – Big Tech & AI Investor (@EmmanuelInvest) May 14, 2026
Net profit for the three months ending March 31 came in at T$49.92 billion ($1.58 billion). That was up 19% from the same period a year ago and above a LSEG consensus estimate of T$48.88 billion.
The company also beat Bloomberg’s estimate of T$48.43 billion, underlining the strength of the quarter.
Q1 revenue climbed nearly 30% year-on-year to T$2.13 trillion, a figure the company had already flagged in April.
Foxconn is the world’s largest contract electronics manufacturer and sits at the center of two of the most important hardware supply chains in the world — AI infrastructure and consumer electronics.
The company is Nvidia’s biggest server assembler and builds the chipmaker’s most advanced AI servers. It is also Apple’s largest iPhone assembler, and improved device sales over the past two quarters gave that segment a boost.
AI infrastructure has become the company’s most important growth engine. Foxconn is building factories in both Mexico and Texas dedicated to assembling AI servers for Nvidia, signaling a long-term bet on that segment.
The company stuck to its existing guidance in Thursday’s earnings release, forecasting “strong” revenue growth for the full year. Foxconn does not provide numerical forecasts.
It also said it continues to see strong demand from the AI server market, which aligns with what Nvidia and other supply chain partners have reported in recent quarters.
On the consumer electronics side, Foxconn has been shifting iPhone production geography. While most iPhones are still assembled in China, it now produces the bulk of units sold in the United States out of India.
The move reflects both geopolitical pressure and Apple’s efforts to reduce supply chain concentration risk.
Foxconn has also been pursuing electric vehicles as a future growth area, though progress has been uneven. In August, the company agreed to sell a former EV factory in Lordstown, Ohio, for $375 million — a site it had purchased in 2022 to manufacture EVs. It has since shifted focus toward other EV partnerships and robotics.
Foxconn’s stock has risen around 6% so far this year. That compares unfavorably with the broader Taiwan index, which has gained 44% over the same period.
On Thursday, ahead of the earnings release, the stock closed 2.6% lower.
The company held its earnings call later in the day from Taipei.
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