Foxconn Industrial Internet Expects Up to 101% Surge in H1, Q2 Profit

MT Newswires Live07-10

Foxconn Industrial Internet (SHA:601138) expects its net profit attributable to shareholders to surge between 93% ad 101% year over year in the first half of 2026, according to a Friday filing with the Shanghai Stock Exchange.

The company estimates H1 net profit will range between 23.4 billion yuan and 24.4 billion yuan, compared with 12.1 billion yuan the previous year.

It attributed the anticipated increase to strong revenue from its cloud service provider artificial intelligence servers and expanding market share.

The electrical equipment manufacturer's second-quarter attributable net profit is expected to jump between 86% and 101% to between 12.8 billion yuan and 13.8 billion yuan.

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