Foxconn just posted numbers that would make most tech companies blush. The Taiwanese manufacturing giant reported unaudited consolidated revenue of T$2.513 trillion, roughly $78.71 billion, for the second quarter of 2026, a year-on-year increase of 39.8% that came in ahead of market expectations.
The driver is not iPhones. It is AI servers, and that shift tells you a lot about where the money in tech is actually flowing right now.
Cloud is the new assembly line
Cloud and networking products, the division that houses Foxconn’s booming AI server business, now represent the single largest or near-largest slice of the company’s revenue. In the first quarter of 2026, that segment was approaching half of total company revenue, a milestone that would have seemed unlikely just a few years ago for a company most people associate with building smartphones.
June alone was a record month. Revenue for that single month hit T$821.8 billion, a 52.1% jump compared to June of the prior year.
