Hon Hai Technology Group (Foxconn) forecasts high double-digit growth in 2027 AI rack shipments, while separate reports say Chairman Young Liu expects double-digit companywide revenue growth, a broader measure than shipments.
The forecasts measure different things: shipment volume for one product line and revenue across the company. Foxconn’s investor presentation puts the high-double-digit rate on AI rack shipments. Its written release describes the 2027 outlook as optimistic and expects continued operational growth, but gives no percentage for companywide revenue. Taipei Times reported Liu’s double-digit companywide revenue expectation after the Nov. 12 earnings conference, and Bloomberg also reported the forecast.
Foxconn reported record third-quarter 2026 results, with revenue up 46% from a year earlier to NT$3.02 trillion and net profit attributable to parent-company owners rising 34% to NT$77.5 billion. Cloud and networking products, including AI servers, made up 54% of revenue, according to the company’s investor presentation.
Liu said cloud and networking products could exceed 60% of revenue within three to five years, Reuters reported. Bloomberg reported that Liu called AI “the most important growth driver.”
For the fourth quarter of 2026, Foxconn expects strong revenue growth both sequentially and year over year. It pointed to new-generation AI racks and the seasonal peak for information and communications technology products as support for that overall outlook. Separately, it forecasts high double-digit sequential growth in AI rack shipments and a sequential increase in AI server revenue.
Foxconn said chips, memory and some other key components remain in tight supply. It expects overall demand to outpace supply in 2027 even as new capacity comes online.