Foxconn, the Taiwanese electronics manufacturer, reported a 35% rise in second-quarter net profit to NT$59.97 billion (US$1.86 billion) on August 12, 2026, beating analyst forecasts of around NT$58.8 billion according to LSEG consensus and NT$58.38 billion from a Bloomberg survey [1, 2, 3]. The company cited strong demand for artificial intelligence (AI) servers as the key driver behind its growth and revenue surge [1, 2, 3].
In July 2026, Foxconn announced a 40% year-on-year jump in second-quarter revenue, a figure that underscores the strength of its AI-related business segments [1, 2, 3]. The company manufactures servers used for AI data centers, including major clients like Nvidia, which remains Foxconn's biggest server customer [1, 2, 3]. Foxconn is expanding its capacity to meet AI server demand by building factories in Mexico and Texas focused on Nvidia products [1, 2, 3].
In addition to its AI business, Foxconn assembles a large portion of iPhones in China while producing most of the devices sold in the US at its India facilities [1, 2, 3]. The company is also diversifying by expanding into electric vehicles, reflecting a broader strategy beyond electronics manufacturing [1, 2, 3].
Despite the strong earnings, Foxconn shares have risen 17% year-to-date in 2026, underperforming the broader Taiwan stock index's 57% gain [1, 2, 3]. On August 12, 2026, ahead of the earnings release, the stock closed 2.7% higher [1, 2, 3]. Foxconn highlighted that "AI infrastructure is driving growth" and maintained its earlier forecast of "strong" revenue growth for the full year [1, 3].
Investors and industry observers will watch upcoming quarterly reports closely as Foxconn’s new factories in North America ramp up production and AI-related demand continues to shape the company’s outlook.
