TLDR
- Foxconn’s May revenue jumped 39.57% year-over-year to NT$859.4B, the highest May revenue on record
- Q2 performance is tracking “well above” its previously anticipated growth forecast, driven by AI rack demand
- Accumulated revenue for the first five months of 2026 hit NT$3.82T, up 31.79% year-over-year — another all-time high
- Foxconn announced a collaboration with Intel to develop next-generation AI infrastructure and computing platforms
- Foxconn also agreed with SK Group to explore AI servers, data centers, and energy solutions
Foxconn posted record May revenue of NT$859.4B, up 39.57% year-over-year and 3.28% month-over-month. In U.S. dollar terms, that’s roughly a 38.5% year-over-year jump. The previous record for May was NT$615.7B, set in 2025.
The company said Q2 is traditionally a slow season for the ICT industry, with major products moving between old and new model cycles. But AI racks are proving to be the exception.
“AI racks are expected to maintain a continued growth trend,” Foxconn said in a press release Friday. “Based on current visibility, Q2 performance is tracking well above the previously anticipated growth, though it remains necessary to monitor the impact of the volatile global political and economic situation.”
Foxconn does not give numeric guidance, so the language shift to “well above” is the clearest signal investors are getting.
Cloud and Networking Products drove the year-over-year surge, with strong pull-in momentum for AI products. Smart Consumer Electronics, Computing Products, and Components also grew on an annual basis.
Month-over-month, Cloud and Networking was roughly flat due to customer scheduling, but AI demand held firm. Smart Consumer Electronics showed strong sequential growth, while Computing Products and Components edged down slightly.
Record Five-Month Run
Accumulated revenue for January through May 2026 reached NT$3.82T — up 31.79% year-over-year and the highest ever for that period. In U.S. dollars, that’s a roughly 35.7% annual gain. The prior record was NT$2.90T through May 2025.
That kind of top-line momentum is hard to argue with, and the AI rack business appears to be the engine behind it.
Intel and SK Group Partnerships
On Thursday, Foxconn announced a collaboration with Intel to jointly develop and deploy next-generation AI infrastructure and intelligent computing platforms. The goal is to combine Intel’s processor architecture and software ecosystem with Foxconn’s manufacturing scale and data center deployment capabilities.
The two companies said they would also explore custom chip development and system integration. No financial terms were disclosed. The announcement came out of Computex 2026 in Taipei, where Intel CEO Lip-Bu Tan outlined his company’s AI infrastructure push.
Foxconn also agreed with SK Group to deepen cooperation in AI infrastructure, covering AI servers, data centers, and energy-related solutions. SK Group brings next-generation AI memory technology and energy expertise to the table.
Foxconn’s FXCOF stock was down 2.90% on Friday, while Nvidia (NVDA) — whose AI servers Foxconn assembles — gained 1.82%. Apple (AAPL), another key Foxconn customer, was up 0.31%.
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