Hon Hai Precision Industry (Foxconn) announced May 2026 consolidated revenue of NT$859.4 billion, marking a 3.28% increase from April and a 39.57% jump from May 2025, setting a record for the month [1, 2, 3]. The strong performance was driven by robust demand for AI servers and AI racks, especially within the cloud network products segment [2, 3, 4]. Despite the typical seasonal slowdown and product transition observed in the ICT industry in Q2, Hon Hai expects its Q2 revenue will significantly exceed prior forecasts due to sustained growth in AI rack shipments [2, 3, 5].
From January through May 2026, Hon Hai’s accumulated revenue reached NT$3.82 trillion, a 31.79% year-on-year increase and also a record for that period [1, 2]. While consumer smart products grew strongly month-over-month in May, cloud network products were roughly flat compared to April due to shipment timing, and computer terminal and components slightly declined [3, 5]. However, all four major product categories showed solid or significant year-on-year revenue growth, with cloud network AI-related products leading gains [3, 5].
Hon Hai’s chairman Liu Yangwei said AI application expansion has brought "strong profit momentum". He added the company has earned over one share of net profit for five consecutive years and aims to earn more than two shares annually in the future [6]. The company plans to continue growing AI server shipments, expecting AI-related products to drive revenue for the rest of 2026 [2, 4].
Hon Hai is maintaining strategic cooperation with industrial partners like TECO Electric & Machinery to develop modular AI data center solutions. TECO chairman Li Mingxian said their collaboration will benefit from the expected market impact of AI data centers in the second half of this year and beyond [7].
Other Taiwanese tech firms such as Lextar, UMC, and server rail maker Chuanhu also reported record May revenues linked to AI demand [5, 8, 9]. Yet, the Taiwan stock market experienced a sharp sell-off on June 5, 2026, with key technology indices dropping over 10% following global tech stock downturns despite the strong earnings background [2, 3, 5].
Analysts estimate Hon Hai’s 2026 earnings per share at approximately NT$17, with a reasonable stock price target of NT$360 for 2026. They noted a longer timeline could be needed for the company to challenge NT$500, potentially by 2028 [10].
Hon Hai’s next financial update is expected in the coming quarter, with close market attention on AI-driven revenue momentum and Q2 performance.
