What was Foxconn's Q2 profit, and how did it compare to forecasts?

Foxconn reported net profit of T$59.97 billion ($1.86 billion) for April–June, beating the LSEG consensus estimate of T$58.8 billion and up 35% from T$44.4 billion a year earlier.

Where is Foxconn expanding its manufacturing?

The company is building factories in Mexico and Texas to make AI servers for Nvidia. Most iPhones for the United States market are now produced in India, while the bulk of production still takes place in China.

AI Stocks & MarketsAI Business & IndustryYahoo Finance AIAug 12, 2026Aug 12, 2026, 16:01 JST

Foxconn Q2 profit surges 35% on AI server demand

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3 Key Points

What happened
Taiwan's Foxconn reported second-quarter net profit of T$59.97 billion ($1.86 billion) for April–June, up 35% year-over-year and beating the LSEG consensus estimate of T$58.8 billion. The company cited continued strong demand for AI as the driver.
Why it matters
Foxconn is Nvidia's biggest server maker and Apple's top iPhone assembler, so its profit growth signals sustained momentum in AI infrastructure spending while Apple's production remains robust. The company said it expects strong AI demand to drive growth throughout the year, suggesting the trend will persist.
What to watch
Foxconn is building factories in Mexico and Texas to make AI servers for Nvidia, expanding beyond its traditional iPhone assembly role. The company's shares rose 17% year-to-date but have underperformed the broader Taiwan index's 57% gain.

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FAQ

What was Foxconn's Q2 profit, and how did it compare to forecasts?: Foxconn reported net profit of T$59.97 billion ($1.86 billion) for April–June, beating the LSEG consensus estimate of T$58.8 billion and up 35% from T$44.4 billion a year earlier.
Where is Foxconn expanding its manufacturing?: The company is building factories in Mexico and Texas to make AI servers for Nvidia. Most iPhones for the United States market are now produced in India, while the bulk of production still takes place in China.

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