Foxconn Industrial Internet Co., Ltd. (601138.SH) has released its financial results for the first quarter of 2026. During the reporting period, the company achieved revenue of 251.08 billion yuan, representing a year-on-year increase of 56.52%. Net profit attributable to shareholders reached 10.595 billion yuan, surging 102.55% compared to the same period last year. After excluding non-recurring gains and losses, the net profit was 10.25 billion yuan, marking a substantial growth of 109.05%. Basic earnings per share for the quarter stood at 0.53 yuan.
The strong performance in the first quarter of 2026 was primarily driven by the continuous surge in demand for AI computing power, which facilitated ongoing optimization of the company's product mix and led to steady improvements in the operational efficiency of its core businesses. In the cloud computing segment, revenue doubled compared to the previous year. The company has continued to expand and deepen its customer base, while simultaneously upgrading the level of automation in its production line deliveries, resulting in a steady enhancement of overall shipping efficiency. Shipments of AI GPU cabinets saw a remarkable year-on-year increase of 380%, and shipments of AI ASIC servers grew by 320% compared to the same period last year. During the reporting period, some cloud service provider clients transitioned their raw material procurement model for new orders from a 'buy and sell' model to a 'consignment' model.
In the communications and mobile network equipment sector, the company has strategically aligned itself with opportunities arising from the development of the digital economy and the AI industry. Leveraging its profound technological expertise and sustained high-intensity investment in research and development, Foxconn Industrial Internet has steadily deepened its strategic focus on AI-related businesses. For the first quarter of 2026, shipments of high-speed switches with capacities of 800G and above increased by 160% year-on-year and 46% quarter-on-quarter. Furthermore, prototype units of Co-Packaged Optics (CPO) all-optical switches have commenced shipping.
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