Hon Hai Precision Industry, otherwise known as Foxconn, reported today that revenues for the first two months of 2026 were up 22 percent year-on-year.

The company reported an accumulated revenue for the first two months of the year of NT$1.33 trillion ($42 billion), up from NT$1.09trn ($34 billion) this time last year.

Year-on-year revenue growth was also reported in cloud and networking products, as well as components and other products, with a decline in smart consumer electronic and computing products.

The manufacturer has emerged as one of the big winners of the AI boom. It is the largest manufacturer of Nvidia servers, which are in high demand as the global data center buildout continues unabated.

The company is set to hold its Q4 FY2025 earnings cal on March 16, 2026.

The Taiwanese manufacturer, which made a name for itself by manufacturing iPhones, announced last August that it had generated more revenue from the production and sale of servers than it did from its consumer electronics division – for the first time in company history.

Foxconn also has partnerships with OpenAI and Alphabet to optimize manufacturing processes and design.