Foxconn reports $29B revenue in August, up 52% year over year

Foxconn just turned in $29.1 billion in revenue for August, a 52% jump compared to the same month last year. That’s the best August the company has ever recorded and its second-highest monthly revenue total in history.

The numbers behind Foxconn’s record run

Hon Hai Precision Industry, the Taiwanese giant better known as Foxconn, posted unaudited consolidated revenue of NT$921.77 billion for August 2026, translating to roughly $29.14 billion. The 51.98% year-over-year increase builds on what was already a blistering pace.

July was actually even bigger. That month clocked in at NT$946.51 billion, up 54.19% year over year, making it the single highest revenue month in Foxconn’s entire history.

Cumulative revenue for the first eight months of 2026 reached NT$6.51 trillion, a 39.73% increase over the same period last year.

The cloud and networking division has become the company’s center of gravity. During Q2 2026, that segment crossed a milestone, accounting for more than 50% of total revenue for the first time ever. Operating profit for the same quarter climbed 68% year over year.

Smart consumer electronics, electronics components, and computing products also contributed meaningfully to August’s results.

NVIDIA’s assembly line is Foxconn’s goldmine

Foxconn’s role as a key assembly partner for NVIDIA puts it at the center of the AI infrastructure buildout. The traditional ICT peak season, which typically runs through Q3, should provide an additional tailwind alongside the structural AI spending trend.

What this means for the broader AI supply chain

Foxconn’s August performance landed well above where analysts expected the company to be tracking. Market forecasts had pegged Q3 2026 sales growth at around 37%. With August already showing 52% growth and July at 54%, the company is running ahead of consensus by a wide margin.

The 68% operating profit growth in Q2 is perhaps the most underappreciated data point in the report. Revenue growth is impressive on its own, but profit growth outpacing revenue growth suggests Foxconn is gaining leverage in its AI-related operations.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.