Foxconn Industrial Internet Q1 net profit surges 102% on booming AI demand

Foxconn Industrial Internet announced its first-quarter 2026 earnings, reporting revenue of 251.078 billion yuan (approximately 46.7 trillion won) and a net profit of 10.595 billion yuan (approximately 1.97 trillion won). These figures represent year-over-year increases of 56.52% and 102.55%, respectively. The company stated that the explosive growth in demand for AI computing has improved its product structure, leading to a steady increase in the profitability of its core business.