Taiwan’s Foxconn reports 35 percent rise in profit on AI demand

play Live Sign upShow navigation menuNavigation menuNewsShow more news sectionsAfricaAsiaUS & CanadaLatin AmericaEuropeAsia PacificMiddle EastExplainedSportOpinionVideoMoreShow more sectionsFeaturesEconomyHuman RightsClimate CrisisInvestigationsInteractivesIn PicturesScience & TechnologyPodcastsTravelSponsored Contentplay Live Click here to searchsearchSign upEconomy|TechnologyTaiwan’s Foxconn reports 35 percent rise in profit on AI demandWorld’s largest contract electronics maker forecasts strong growth in 2026 amid AI boom. xwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoThe logo of Foxconn is seen atop a company complex in Taipei, Taiwan, on January 27, 2026 [Daniel Ceng/AP Photo]By AFP and ReutersPublished On 12 Aug 202612 Aug 2026Taiwan’s tech titan Foxconn has reported a forecast-busting second-quarter net profit, as exploding demand for artificial intelligence servers needed in data centres powers the company’s growth. The world’s largest contract electronics maker said on Wednesday that net income rose 35 percent to $59.97 billion New Taiwan dollars ($1.86bn) in the April-June period. The result beat estimates of $58.38 billion New Taiwan dollars in a Bloomberg survey of analysts. “AI infrastructure is driving growth,” Foxconn said in its earnings announcement. In an earnings release, Foxconn, Nvidia’s biggest server maker and Apple’s top iPhone assembler, stuck to its previous forecast of “strong” growth for revenue this year. Governments and tech giants are pouring huge sums into building data centres that can train and run AI tools such as chatbots, image generators and agents that can execute tasks. This has turbocharged business for Foxconn, which makes the servers used in the data centres. Foxconn, formally called Hon Hai Precision Industry, in July reported a 40 percent year-on-year jump in second-quarter revenue. Most of the iPhones Foxconn makes for Apple are assembled in China, but it now produces the bulk of those sold in the United States in India. The company is also building factories in Mexico and Texas to make AI servers for Nvidia. Foxconn has also been looking to expand its footprint in electric vehicles. The company’s shares have risen 17 percent so far this year, underperforming the broader Taiwan index’s 57-percent gain. Foxconn shares closed 2.7 percent higher on Wednesday ahead of the earnings release. Advertisement AboutAboutShow moreAbout UsCode of EthicsTerms and ConditionsEU/EEA Regulatory NoticePrivacy PolicyCookie PolicyCookie PreferencesAccessibility StatementSitemapWork for usConnectConnectShow moreContact UsUser Accounts HelpAdvertise with usStay ConnectedNewslettersChannel FinderTV SchedulePodcastsSubmit a TipPaid Partner ContentOur ChannelsOur ChannelsShow moreAl Jazeera ArabicAl Jazeera EnglishAl Jazeera Investigative UnitAl Jazeera MubasherAl Jazeera DocumentaryAl Jazeera BalkansAJ+Our NetworkOur NetworkShow moreAl Jazeera Centre for StudiesAl Jazeera Media InstituteLearn ArabicAl Jazeera Centre for Public Liberties & Human RightsAl Jazeera ForumAl Jazeera Hotel PartnersFollow Al Jazeera English: