HNHAF
Hon Hai Precision Industry Co., Ltd. · Technology
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Hon Hai Precision Industry Co., Ltd. · Technology
Taiwan's Foxconn, the world's largest contract electronics manufacturer, reported a sharp rise in first-quarter revenue. The strong numbers were supported by surging demand for artificial intelligence infrastructure — even as the company sounded a note of caution over what it described as a "volatile" global political and economic environment.
Taiwan's Foxconn , the world's largest contract electronics maker and Nvidia's biggest server maker, reported on Sunday a jump of 29.7% in first-quarter revenue year on year, fuelled by strong AI-related demand.
Stable and sustainable operations at core of innovative C-suite training amid AI era TAIPEI, April 1, 2026 /PRNewswire/ -- Deepening its corporate governance work, Hon Hai Technology Group ("Foxconn") (TWSE: 2317) has named Michael Chiang its rotating Chief Executive Officer, assuming a key role that strengthens the bench for next generation leadership and raises global competitiveness at the world's largest electronics manufacturer and leading technology solutions provider. The transition reinforces the maturity of Foxconn's C-suite-level talent cultivation and institutional innovation, while at the same time, underpins stable global operations and sustainable growth amid the challenges of the AI era.
I maintain a 'Buy' rating for Hon Hai, considering its solid performance and favorable prospects. Its operating income jumped 32.7% YoY in 4Q2025, thanks to the outperformance of its AI server business. I expect the positive momentum to be continued. Management is guiding for a 15+% revenue growth in 1Q2026. I am projecting a 20 bps gross margin expansion for the full year.
The Taiwanese electronics manufacturer is best known as the manufacturer of iPhones, but it also makes servers housing Nvidia chips.
For the first time, the world's largest contract electronics maker has issued a full-year revenue outlook, and the message is unambiguous: the AI infrastructure boom has years to run. Bury the profit miss.
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