Nvidia supplier Hon Hai posts 40% sales jump on AI server demand
TL;DR
Hon Hai (Foxconn) reported a bigger-than-expected 40% jump in quarterly sales on AI server demand, with June revenue alone hitting NT$1.33tn. The Nvidia rack assembler expects shipments to keep climbing this quarter, making it one of the cleanest reads on the AI infrastructure boom.
Hon Hai, the Taiwanese contract manufacturing giant known as Foxconn, has reported a bigger-than-expected 40% jump in quarterly sales on demand for AI servers. The Nvidia supplier said in a statement on Sunday that AI rack shipments should maintain their momentum this quarter.
June revenue alone reached NT$1.33tn (roughly $45bn), up 21.6% year on year. The company added that consumer electronics demand is entering its usual peak season.
Hon Hai assembles the server racks that house Nvidia’s AI accelerators, alongside its long-standing role building iPhones. Chairman Young Liu has said AI server shipments are on track to double in 2026, with the company claiming...
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