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Guosen Securities: Foxconn Industrial Internet's 2Q26 Revenue and Profit Improve QoQ on AI Orders
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A research report from Guosen Securities, dated September 22, 2026, indicates that Foxconn Industrial Internet (FIT) saw a sequential improvement in revenue and net profit in the second quarter of 2026. The improvement is attributed to an acceleration in AI server orders and rising global demand for AI computing infrastructure. The report highlights FIT's leading position in AI server contract manufacturing and the phased commissioning of overseas production capacity in Mexico and Vietnam, which helps mitigate geopolitical risks and ensure delivery capabilities. Guosen Securities forecasts that AI-related business will account for a larger share of revenue in the second half of 2026, and that the company's full-year profit growth will likely exceed the industry average. The firm maintains a 'buy' rating on FIT and has raised its target price to 22.5 yuan.
Source report
Source: Guosen Securities Research Report (September 22, 2026)
Guosen Securities' latest research report indicates that in the second quarter of 2026, Foxconn Industrial Internet (FIT) achieved sequential improvements in both revenue and net profit. This growth was primarily driven by the accelerated ramp-up of AI server orders and the sustained rise in global demand for AI computing infrastructure.
The report highlights that the company benefits from its leading position in the AI server contract manufacturing sector. Additionally, the phased commissioning of overseas production capacity in Mexico and Vietnam has effectively mitigated geopolitical risks and ensured delivery capabilities.
Looking ahead, Guosen Securities expects the revenue contribution from AI-related businesses to increase further in the second half of 2026. The company's full-year earnings growth is projected to outpace the industry average.
Rating and Target Price:
- Rating: Buy (maintained)
- Target Price: Raised to RMB 22.5
Source
research_reportEastern
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