Foxconn reports record monthly revenue of $29.3 billion in July, driven by AI product demand

Aug 5, 2026

Taiwanese electronics manufacturer Foxconn reported a record-breaking July 2026 revenue of NT$946.51 billion ($29.3 billion), representing a 54.2% year-over-year surge. This historic performance was driven by robust demand for artificial intelligence servers and networking hardware. While Foxconn prepares for its peak seasonal production, including assembling Apple's upcoming iPhone 18 Pro, a global shortage of processors and memory components threatens to drive up consumer electronics prices.

Foxconn record July revenue

▪Foxconn's July 2026 revenue rose 15.18% compared to June 2026.
▪Foxconn's July 2026 revenue marked the first time the company's monthly sales surpassed NT$900 billion.
▪Foxconn reported record monthly revenue in July 2026 of NT$946.51 billion, representing a 54.2% increase from a year earlier.
▪Foxconn's cumulative revenue for the first seven months of 2026 reached NT$5.589 trillion, up 37.89% year-over-year.

AI server demand growth

▪Foxconn expects shipments of artificial intelligence server racks to continue growing in the third quarter of 2026.
▪Foxconn's cloud and networking products division, which includes AI servers, experienced strong growth driven by robust demand for AI products.

Global chip shortage

▪The global processor shortage has prompted price increases in consumer electronics such as Macs and iPads.
▪Surging global demand for artificial intelligence has led to a global processor shortage.

Memory component shortage

▪The global memory component shortage is rumored to lead to a price hike of up to $300 for the iPhone 18 Pro.

iPhone 18 production outlook

▪Foxconn began its annual recruitment drive in late July 2026 to secure enough workers for the assembly of the iPhone 18 Pro.
▪Foxconn expects overall operations to gain momentum in the second half of 2026 as information and communication technology products enter their peak season.