Hon Hai's Q1 revenue increased by 29.68% compared to the same period last year. It is expected that Q2 sales will increase both sequentially and year-on-year.

Global electronics giant Hon Hai Precision, today released a revenue report for March 2026. Benefiting from strong demand for AI cloud products and the launch of new consumer electronics products, Hon Hai saw double-digit growth in March compared to the previous month and the same period last year, setting a record for the same period in years past. Although Q1 was affected by seasonal factors, with quarterly revenue down by approximately 18.18% compared to the fourth quarter of last year, the strong rebound in March indicates that inventory adjustments in the supply chain are nearing completion, and the core business momentum is accelerating. The company expects sales in Q2 to increase compared to the previous quarter and the same period last year, but also issued a warning to closely monitor the uncertainty of the global political and economic situation. In March 2026, revenue was 803.7 billion New Taiwan Dollars, up 34.90% compared to the previous month, and up 45.57% compared to the same period last year (measured in USD, up approximately 34.1% and 51.5% respectively), reaching the highest level for the same period in years. Revenue for the first quarter of 226 was 2.1296 trillion New Taiwan Dollars, down 18.18% for the quarter, and up 29.68% for the year (measured in USD, down approximately 19.5% for the quarter and up approximately 35.1% for the year), also reaching the highest level for the same period in years past. Core business breakdown: AI algorithms and terminal recovery Analyzing the performance of the four major product categories, cloud networking products were undoubtedly the driving force behind the performance growth: Networking products (strong growth): Driven by strong global demand for AI servers, this category showed significant growth in both month-on-month, year-on-year, and Q1 cumulative performance. Intelligent products: With lower base period figures in February and the stocking effect driven by the launch of new products for customers in March, this business showed a strong rebound in March with impressive month-on-month growth. Terminal products: Benefiting from the effect of new products, both monthly and yearly growth were impressive. Other products: The business remained stable, contributing continuously to revenue in core component supplies, with excellent month-on-month performance. Outlook for the second quarter: Continued demand for AI server racks Looking ahead to the second quarter, Hon Hai stated that overall operations are expected to achieve double-digit growth month-on-month and year-on-year, with the AI server rack business maintaining its growth momentum. This statement aligns with the overall market consensus on the long-term expansion of investment in AI infrastructure. As the world's largest contract electronics manufacturer, Foxconn plays a crucial role in the AI server industry chain, with its order trends seen as an important window for observing downstream demand trends. While the company's performance is strong, Hon Hai explicitly stated in the announcement that there is still a need to closely monitor the impact of global political and economic instability. Last month, Chairman Liu Yangwei publicly stated that the biggest external challenge facing the company this year is the global economic and political situation, particularly the situation in the Middle East conflict. This statement aligns with the wording of the announcement, indicating that management's vigilance against external risks is increasing. This article is a reprint from "Wall Street See News", author: Zhang Yaqi; GMTEight editor: Huang Xiaodong.