The world’s largest electronics manufacturer reported strong Q1 revenue gains as AI computing demand reshapes global hardware supply chains.
Taiwan-based electronics manufacturer Foxconn reported a sharp rise in first-quarter revenue, highlighting how artificial intelligence infrastructure spending is reshaping global electronics demand.
The company posted revenue of T$2.13 trillion ($66.6 billion) for the January–March period, marking a 29.7% year-on-year increase. The figure came slightly below market expectations of T$2.148 trillion but still reflects strong operational momentum driven largely by AI-related products.
Best known as a key supplier to Apple and a major server manufacturing partner for Nvidia, Foxconn benefited from accelerating global investment in AI servers and data-centre infrastructure.
The company said its cloud and networking products division delivered particularly robust growth as demand for AI servers and computing racks expanded rapidly. Meanwhile, its smart consumer electronics business — including iPhone assembly — also recorded significant gains supported by recent product launches.
Looking ahead, Foxconn expects operations to continue expanding in the second quarter on both a sequential and annual basis. The company noted that shipments of AI server racks are likely to remain a major growth engine throughout the year.
Despite the strong revenue performance, management cautioned that external risks remain elevated. The company pointed to uncertainty stemming from geopolitical tensions and broader economic conditions, which could influence demand visibility in the coming months.
Chairman Young Liu recently identified global political developments, including ongoing conflicts in the Middle East, as one of the biggest external challenges facing the business in 2026.
Formally known as Hon Hai Precision Industry, Foxconn does not issue detailed financial forecasts but is scheduled to release its full first-quarter earnings results on May 14.
The company’s shares have declined about 16% this year, lagging the broader Taiwanese market despite strong revenue growth driven by the global AI boom.
