Hon Hai Precision Industry vs Forth: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Hon Hai Precision Industry Co Ltd (2317.TW)

Q3 20265 Aug – 19 Aug 2026

▲3

AI servers now drive Hon Hai's profit, not iPhones

AI server business overtakes iPhones in revenue For the first time, AI servers and networking made up 51% of quarterly revenue, more than the iPhone and consumer gadgets at 29%. Profit rose 35% to NT$60 billion, beating expectations. This shift means Hon Hai's earnings now depend more on the fast-growing AI buildout than on flat phone sales, which supports a higher value for the stock.
This is the core new fact of the period: the company's profit engine has changed, which is the big-picture reason the stock is moving.
July sales jump 54% and AI rack shipments keep growing July revenue hit a record NT$946.5 billion, up 54% from a year earlier, and management said AI rack shipments will keep growing this quarter while the phone business enters its busy season. Strong orders for AI hardware mean more sales and profit ahead, which pushes the stock up.
It gives concrete evidence that demand is still accelerating, not fading, which is what investors worry about most.
Big customers keep spending on AI data centers Microsoft plans about $80 billion of AI data-center spending, and Super Micro reported $11.1 billion in quarterly revenue with over $60 billion of new orders. Stifel reiterated a Buy on Nvidia, pointing to Foxconn's demand signals. Heavy spending by these buyers means continued orders for Hon Hai's AI servers, supporting the stock.
It shows the demand behind Hon Hai's numbers is backed by huge customer budgets, not a one-off spike.
Stock still below June peak despite record results Even with record sales and profit, the shares remain about 16% below their early-June high after a global tech sell-off. Investors worry about whether massive AI spending will earn good returns, and Nvidia's coming margin guidance is a risk. So strong results are not fully reflected in the price yet.
It is the real counterweight: it explains why good news has not lifted the stock all the way back, which a fair picture must include.

August 20265 Aug – 19 Aug 2026

▲3

AI servers now drive Hon Hai's profit, not iPhones

AI server business overtakes iPhones in revenue For the first time, AI servers and networking made up 51% of quarterly revenue, more than the iPhone and consumer gadgets at 29%. Profit rose 35% to NT$60 billion, beating expectations. This shift means Hon Hai's earnings now depend more on the fast-growing AI buildout than on flat phone sales, which supports a higher value for the stock.
This is the core new fact of the period: the company's profit engine has changed, which is the big-picture reason the stock is moving.
July sales jump 54% and AI rack shipments keep growing July revenue hit a record NT$946.5 billion, up 54% from a year earlier, and management said AI rack shipments will keep growing this quarter while the phone business enters its busy season. Strong orders for AI hardware mean more sales and profit ahead, which pushes the stock up.
It gives concrete evidence that demand is still accelerating, not fading, which is what investors worry about most.
Big customers keep spending on AI data centers Microsoft plans about $80 billion of AI data-center spending, and Super Micro reported $11.1 billion in quarterly revenue with over $60 billion of new orders. Stifel reiterated a Buy on Nvidia, pointing to Foxconn's demand signals. Heavy spending by these buyers means continued orders for Hon Hai's AI servers, supporting the stock.
It shows the demand behind Hon Hai's numbers is backed by huge customer budgets, not a one-off spike.
Stock still below June peak despite record results Even with record sales and profit, the shares remain about 16% below their early-June high after a global tech sell-off. Investors worry about whether massive AI spending will earn good returns, and Nvidia's coming margin guidance is a risk. So strong results are not fully reflected in the price yet.
It is the real counterweight: it explains why good news has not lifted the stock all the way back, which a fair picture must include.

Latest5 Aug – 19 Aug 2026

▲3

AI servers now drive Hon Hai's profit, not iPhones

AI server business overtakes iPhones in revenue For the first time, AI servers and networking made up 51% of quarterly revenue, more than the iPhone and consumer gadgets at 29%. Profit rose 35% to NT$60 billion, beating expectations. This shift means Hon Hai's earnings now depend more on the fast-growing AI buildout than on flat phone sales, which supports a higher value for the stock.
This is the core new fact of the period: the company's profit engine has changed, which is the big-picture reason the stock is moving.
July sales jump 54% and AI rack shipments keep growing July revenue hit a record NT$946.5 billion, up 54% from a year earlier, and management said AI rack shipments will keep growing this quarter while the phone business enters its busy season. Strong orders for AI hardware mean more sales and profit ahead, which pushes the stock up.
It gives concrete evidence that demand is still accelerating, not fading, which is what investors worry about most.
Big customers keep spending on AI data centers Microsoft plans about $80 billion of AI data-center spending, and Super Micro reported $11.1 billion in quarterly revenue with over $60 billion of new orders. Stifel reiterated a Buy on Nvidia, pointing to Foxconn's demand signals. Heavy spending by these buyers means continued orders for Hon Hai's AI servers, supporting the stock.
It shows the demand behind Hon Hai's numbers is backed by huge customer budgets, not a one-off spike.
Stock still below June peak despite record results Even with record sales and profit, the shares remain about 16% below their early-June high after a global tech sell-off. Investors worry about whether massive AI spending will earn good returns, and Nvidia's coming margin guidance is a risk. So strong results are not fully reflected in the price yet.
It is the real counterweight: it explains why good news has not lifted the stock all the way back, which a fair picture must include.

Q2 202617 Jun – 14 Jul 2026

▲3

AI server demand drives record revenue; Intel partnership adds new growth path

Record Q2 revenue on AI server demand Hon Hai's April–June revenue hit a record NT$2.51 trillion, up about 40% from a year earlier, beating market forecasts. June revenue jumped 52% year-on-year. The main driver is strong demand for AI servers that use Nvidia chips, as major tech firms plan huge AI investments. This directly boosts profit expectations and supports a higher stock price.
This is the core new financial result showing the company's main growth engine.
Foxconn expands AI manufacturing in Europe with Nvidia Foxconn is producing key components for Nvidia's Vera Rubin NVL72 AI systems in Europe, starting at its Czech facilities and then assembling in France with partner Bull. This is part of Nvidia's push for a regional supply chain. It shows Foxconn is winning more AI hardware business beyond Asia, which can lift future revenue and strengthen its market position.
New geographic expansion of AI manufacturing adds a fresh growth avenue.
Intel partnership for next-gen AI infrastructure Intel and Foxconn are jointly developing server racks that combine Intel CPUs with AI accelerators, targeting robotics, autonomous vehicles, smart cities, and manufacturing. Intel's advanced 18A-P chip process has entered early production, and HSBC doubled its Intel price target on foundry optimism. This partnership gives Foxconn another major chip partner and potential new revenue streams.
A new collaboration that diversifies Foxconn's AI business and ties it to Intel's foundry progress.
Geopolitical and memory chip risks Foxconn warned that volatile global political and economic conditions could affect the third quarter, even as it forecast growth. It also faces a shortage of memory chips, though executives say this isn't significantly hurting demand for high-priced products. These risks could cap gains if they worsen, but so far they haven't derailed the AI-driven momentum.
Provides a balanced view of potential headwinds that could limit upside.

June 202617 Jun – 14 Jul 2026

▲3

AI server demand drives record revenue; Intel partnership adds new growth path

Record Q2 revenue on AI server demand Hon Hai's April–June revenue hit a record NT$2.51 trillion, up about 40% from a year earlier, beating market forecasts. June revenue jumped 52% year-on-year. The main driver is strong demand for AI servers that use Nvidia chips, as major tech firms plan huge AI investments. This directly boosts profit expectations and supports a higher stock price.
This is the core new financial result showing the company's main growth engine.
Foxconn expands AI manufacturing in Europe with Nvidia Foxconn is producing key components for Nvidia's Vera Rubin NVL72 AI systems in Europe, starting at its Czech facilities and then assembling in France with partner Bull. This is part of Nvidia's push for a regional supply chain. It shows Foxconn is winning more AI hardware business beyond Asia, which can lift future revenue and strengthen its market position.
New geographic expansion of AI manufacturing adds a fresh growth avenue.
Intel partnership for next-gen AI infrastructure Intel and Foxconn are jointly developing server racks that combine Intel CPUs with AI accelerators, targeting robotics, autonomous vehicles, smart cities, and manufacturing. Intel's advanced 18A-P chip process has entered early production, and HSBC doubled its Intel price target on foundry optimism. This partnership gives Foxconn another major chip partner and potential new revenue streams.
A new collaboration that diversifies Foxconn's AI business and ties it to Intel's foundry progress.
Geopolitical and memory chip risks Foxconn warned that volatile global political and economic conditions could affect the third quarter, even as it forecast growth. It also faces a shortage of memory chips, though executives say this isn't significantly hurting demand for high-priced products. These risks could cap gains if they worsen, but so far they haven't derailed the AI-driven momentum.
Provides a balanced view of potential headwinds that could limit upside.

17 Jun – 14 Jul 2026

▲3

AI server demand drives record revenue; Intel partnership adds new growth path

Record Q2 revenue on AI server demand Hon Hai's April–June revenue hit a record NT$2.51 trillion, up about 40% from a year earlier, beating market forecasts. June revenue jumped 52% year-on-year. The main driver is strong demand for AI servers that use Nvidia chips, as major tech firms plan huge AI investments. This directly boosts profit expectations and supports a higher stock price.
This is the core new financial result showing the company's main growth engine.
Foxconn expands AI manufacturing in Europe with Nvidia Foxconn is producing key components for Nvidia's Vera Rubin NVL72 AI systems in Europe, starting at its Czech facilities and then assembling in France with partner Bull. This is part of Nvidia's push for a regional supply chain. It shows Foxconn is winning more AI hardware business beyond Asia, which can lift future revenue and strengthen its market position.
New geographic expansion of AI manufacturing adds a fresh growth avenue.
Intel partnership for next-gen AI infrastructure Intel and Foxconn are jointly developing server racks that combine Intel CPUs with AI accelerators, targeting robotics, autonomous vehicles, smart cities, and manufacturing. Intel's advanced 18A-P chip process has entered early production, and HSBC doubled its Intel price target on foundry optimism. This partnership gives Foxconn another major chip partner and potential new revenue streams.
A new collaboration that diversifies Foxconn's AI business and ties it to Intel's foundry progress.
Geopolitical and memory chip risks Foxconn warned that volatile global political and economic conditions could affect the third quarter, even as it forecast growth. It also faces a shortage of memory chips, though executives say this isn't significantly hurting demand for high-priced products. These risks could cap gains if they worsen, but so far they haven't derailed the AI-driven momentum.
Provides a balanced view of potential headwinds that could limit upside.

Forth Corporation Public Company Limited (FORTH.BK)

Q3 20265 Aug – 24 Sep 2026

▲3

FORTH profit surges on EMS recovery and smart-grid demand

Q2 profit jumps 92%, dividend paid FORTH's second-quarter 2026 net profit rose 92% to 234 million baht, helped by a 51% jump in electronics (EMS) revenue, and the board paid an interim dividend of 0.15 baht per share. Stronger earnings and cash returned to shareholders support the share price.
This is the core new earnings event that re-rates the stock.
Big order backlog points to future revenue Yuanta keeps a buy rating and 21.30 baht target, noting the systems-integration backlog hit 5.2 billion baht, well above the normal 2-3 billion. A large backlog means work already signed will turn into revenue later, supporting profit growth.
Backlog and broker target explain the forward earnings case behind the price.
Smart-grid budget names FORTH as winner The government plans a 10-20 billion baht first-phase smart-grid investment, and analysts name FORTH among beneficiaries in demand response and EV integration. New public spending on power networks could bring FORTH fresh project orders, lifting future revenue.
New government spending is a fresh demand driver for FORTH's businesses.
Some segments still weak, revenue delayed Enterprise Solution revenue fell 14% and Smart Service 5%, and some new project revenue recognition was delayed, making Q2 profit 21% below Yuanta's estimate. EMS margin also slipped. So the strong headline growth hides uneven segment performance.
It is the real counterweight: not all businesses are growing as fast as the headline.

August 20265 Aug – 24 Sep 2026

▲3

FORTH profit surges on EMS recovery and smart-grid demand

Q2 profit jumps 92%, dividend paid FORTH's second-quarter 2026 net profit rose 92% to 234 million baht, helped by a 51% jump in electronics (EMS) revenue, and the board paid an interim dividend of 0.15 baht per share. Stronger earnings and cash returned to shareholders support the share price.
This is the core new earnings event that re-rates the stock.
Big order backlog points to future revenue Yuanta keeps a buy rating and 21.30 baht target, noting the systems-integration backlog hit 5.2 billion baht, well above the normal 2-3 billion. A large backlog means work already signed will turn into revenue later, supporting profit growth.
Backlog and broker target explain the forward earnings case behind the price.
Smart-grid budget names FORTH as winner The government plans a 10-20 billion baht first-phase smart-grid investment, and analysts name FORTH among beneficiaries in demand response and EV integration. New public spending on power networks could bring FORTH fresh project orders, lifting future revenue.
New government spending is a fresh demand driver for FORTH's businesses.
Some segments still weak, revenue delayed Enterprise Solution revenue fell 14% and Smart Service 5%, and some new project revenue recognition was delayed, making Q2 profit 21% below Yuanta's estimate. EMS margin also slipped. So the strong headline growth hides uneven segment performance.
It is the real counterweight: not all businesses are growing as fast as the headline.

Latest5 Aug – 24 Sep 2026

▲3

FORTH profit surges on EMS recovery and smart-grid demand

Q2 profit jumps 92%, dividend paid FORTH's second-quarter 2026 net profit rose 92% to 234 million baht, helped by a 51% jump in electronics (EMS) revenue, and the board paid an interim dividend of 0.15 baht per share. Stronger earnings and cash returned to shareholders support the share price.
This is the core new earnings event that re-rates the stock.
Big order backlog points to future revenue Yuanta keeps a buy rating and 21.30 baht target, noting the systems-integration backlog hit 5.2 billion baht, well above the normal 2-3 billion. A large backlog means work already signed will turn into revenue later, supporting profit growth.
Backlog and broker target explain the forward earnings case behind the price.
Smart-grid budget names FORTH as winner The government plans a 10-20 billion baht first-phase smart-grid investment, and analysts name FORTH among beneficiaries in demand response and EV integration. New public spending on power networks could bring FORTH fresh project orders, lifting future revenue.
New government spending is a fresh demand driver for FORTH's businesses.
Some segments still weak, revenue delayed Enterprise Solution revenue fell 14% and Smart Service 5%, and some new project revenue recognition was delayed, making Q2 profit 21% below Yuanta's estimate. EMS margin also slipped. So the strong headline growth hides uneven segment performance.
It is the real counterweight: not all businesses are growing as fast as the headline.