Global electronics manufacturing giant Hon Hai Precision Industry Co., Ltd. today released its revenue brief for March 2026. Benefiting from strong demand for AI cloud products and the launch of new consumer electronics, Hon Hai recorded double-digit growth both month-on-month and year-on-year in March, breaking historical records for the same period.
Despite Q1 being affected by seasonal factors, with quarterly revenue declining by approximately 18.18% from the fourth quarter of last year, the strong rebound in March indicates that inventory adjustments in the industry chain are nearing their end, and core business momentum is accelerating. The company expects Q2 sales to grow both month-on-month and year-on-year, but simultaneously issued a warning to closely monitor global political and economic uncertainties.
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<li>March 2026 revenue was NT$803.7 billion, up 34.90% month-on-month and 45.57% year-on-year (up approximately 34.1% month-on-month and 51.5% year-on-year in USD terms), the highest for the same period in history.</li>
<li>Q1 226 revenue was NT$2.1296 trillion, down 18.18% quarter-on-quarter and up 29.68% year-on-year (down approximately 19.5% quarter-on-quarter and up approximately 35.1% year-on-year in USD terms), the highest for the same period in history.</li>
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<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/3ba9e98a-3e18-44e0-a864-8541e929d145.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Image" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/3ba9e98a-3e18-44e0-a864-8541e929d145.png"/>
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<h2>Core Business Breakdown: AI Computing and Terminal Recovery</h2>
Based on an analysis of the performance across four major product categories, Cloud and Networking Products are undoubtedly the primary growth drivers:
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Networking Products (Strong Growth): Driven by the sustained strong demand for global AI server shipments, this category showed a significant growth trend in terms of month-on-month, year-on-year, and cumulative Q1 performance.
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Smart Products: Due to a lower base in February from the holiday period, combined with the stocking effects from new customer product launches in March, this business showed an extremely strong rebound in March with impressive month-on-month growth.
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Terminal Products: Also benefiting from the new model effect, both month-on-month and year-on-year growth were solid.
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Components and Other Products: The business maintained stability, continuously contributing revenue in core component supply, with excellent month-on-month performance.
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<h2>Q2 Outlook: Continued AI Rack Demand</h2>
Looking ahead to the second quarter, Hon Hai stated that overall operations are expected to achieve both month-on-month and year-on-year growth, with the AI server rack business maintaining a sustained growth momentum.
This outlook aligns with the market's overall judgment regarding the long-term expansion of AI infrastructure investment. As the world's largest contract electronics manufacturer, Hon Hai occupies a key position in the AI server supply chain, and its order trends are viewed as an important indicator for observing downstream demand trends.
While the performance is positive, Hon Hai explicitly stated in its announcement that &#34;it is still necessary to closely monitor the impact of global political and economic volatility.&#34; Last month, Chairman Young Liu publicly stated that the biggest external challenges facing the company this year are the global economic and political situations, especially the conflict in the Middle East. This statement echoes the wording in the announcement, indicating that management's vigilance regarding external risks is increasing.

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Hon Hai's March revenue reached NT$803.7 billion, up 34.9% month-on-month and 45.57% year-on-year, setting a new historical record. Strong demand for AI cloud products and stocking effects for new products offset seasonal declines, resulting in total first-quarter revenue growth of 29.68% year-on-year. The company forecasts that the second quarter will maintain a dual-growth trend but warned of the need to be vigilant against uncertainties brought by global political and economic volatility, such as the conflict in the Middle East

- Hon Hai Precision Industry reported strong revenue growth in March 2026, driven by high demand for AI cloud products and new consumer electronics.  
- March revenue reached NT$ 803.7 billion, a month-on-month increase of 34.9% and a year-on-year rise of 45.57%, marking a record for the month.  
- Looking ahead to Q2, the company expects continued growth but cautions about uncertainties in the global geopolitical landscape.

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Hon Hai Q1 Revenue Grows 29.68% YoY, Expects Sequential and Annual Sales Growth in Q2 | Earnings Insight