Foxconn Industrial Internet Q1 Earnings: Net Profit Hits 10.6 Billion Yuan, CPO All-Optical Switch Prototypes Begin Shipments

Foxconn Industrial Internet Co., Ltd. released its first-quarter financial report for 2026 on the evening of April 28. During the reporting period, the company achieved revenue of 251.08 billion yuan, a year-on-year increase of 56.52%, laying a solid foundation for its annual revenue target of one trillion yuan. Net profit attributable to shareholders reached 10.595 billion yuan, surging 102.55% year-on-year, significantly outpacing revenue growth and exceeding market expectations. This marks the third consecutive quarter with net profit exceeding 10 billion yuan.

The company attributed its rapid performance growth to the continued surge in demand for AI computing power, steady market share gains among key clients, and strong performance in its cloud services business. These factors collectively drove overall revenue growth, while ongoing optimization of the product mix contributed to improved operational efficiency in core businesses.

In terms of specific operations, the cloud computing business maintained strong growth momentum, with revenue doubling year-on-year, establishing itself as the primary growth driver. By product category, shipments of AI GPU racks increased by 380% year-on-year, while AI ASIC server shipments rose by 320% year-on-year. As customer coverage continues to expand and deepen, coupled with ongoing enhancements in automated production line delivery capabilities, overall shipment efficiency has steadily improved, further consolidating the company's leading position in the AI infrastructure sector.

Within the communications and mobile network equipment segment, shipments of high-speed switches with speeds of 800G and above grew by 160% year-on-year and 46% quarter-on-quarter. In the closely watched CPO (Co-Packaged Optics) field, prototype shipments of CPO all-optical switches have commenced. As market opportunities gradually expand, this development is expected to bring structural improvements to the company's overall profitability.

Looking ahead to the full year, Foxconn Industrial Internet indicated that demand for AI infrastructure is projected to remain robust. The company's core products will continue to benefit from industry tailwinds, with further optimization of the overall revenue structure and stronger growth momentum anticipated.