(Bloomberg) — Hon Hai Precision Industry Co.’s revenue rose 21.6% in the first two months of 2026, underscoring demand for the Nvidia Corp. servers vital to global AI development.
Sales climbed to a record NT$1.33 trillion ($41.9 billion) during the period. Analysts are projecting, on average, a rise of 28% in 2026’s first three months. On a monthly basis, revenue rose just 8% in February, though that was in part because the Lunar New Year holidays fell in February this year, versus January in 2025.
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Shipments of artificial intelligence racks or servers continued to increase in the current quarter. Hon Hai, known also as Foxconn, said it expects its first quarter to align with market expectations.
Hon Hai has established itself as a key AI hardware player by assembling servers that house Nvidia accelerators. Demand is soaring as Alphabet Inc., Amazon.com Inc., Meta Platforms Inc. and Microsoft Corp. earmark more than $650 billion in spending this year, despite warnings of overcapacity and lingering uncertainty over how to monetize the technology.
–With assistance from Cindy Wang.
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