Powering the Future: Why Engineers Are Switching to Ceramic Substrates
Beyond Design: Inductance—The Silent Architect Driving SI and PI
Built for What’s Next: The End of Flat Thinking
Hon Hai Precision Industry Co. (Foxconn), the world's largest EMS provider, reported record May revenue of NT$859.4 billion ($27.3 billion), reflecting continued strength in artificial intelligence infrastructure spending and cloud computing markets.
The company said May revenue increased 39.6% from the same month a year ago and rose 3.3% sequentially from April. Revenue for the first five months of 2026 reached NT$3.82 trillion, up 31.8% year-over-year and marking a record for the period.
Hon Hai attributed the growth primarily to its cloud and networking segment, which includes AI servers and data center infrastructure. The company has become one of the leading manufacturing partners for AI server platforms built around Nvidia accelerators and other advanced computing architectures.
The results reinforce a broader industry trend as major cloud service providers continue investing heavily in AI infrastructure. According to previous statements from Hon Hai Chairman Young Liu, cloud and networking products have surpassed smartphones as the company's largest business segment, accounting for roughly 40% of revenue.
In addition to AI-related products, Hon Hai reported solid growth in computing products, electronic components, and smart consumer electronics. The company said increased shipments of key components and strong demand for new products contributed to the gains.
Looking ahead, Hon Hai said shipments of AI server racks are expected to maintain strong momentum through the second quarter, despite what is traditionally a slower seasonal period for the information and communications technology sector. The company indicated that second-quarter performance is likely to exceed its earlier forecast, while noting that geopolitical and economic uncertainties remain factors to monitor.
The strong May performance follows a series of optimistic forecasts from the company. Earlier this year, Hon Hai said it expects AI server demand to remain a major growth driver and has targeted significant revenue expansion in 2026 as hyperscale cloud providers increase spending on next-generation data center infrastructure.
