Taipei: Taiwan-based manufacturing giant Hon Hai Precision Industry Co. on Tuesday reported its highest-ever sales for April, up almost 30 percent from a year earlier, driven by strong global demand for artificial intelligence applications.

According to Focus Taiwan, iPhone assembler Hon Hai, also known as Foxconn on the global market, said it posted NT$832.098 billion (US$26.33 billion) in consolidated sales, marking a 29.74 percent increase from the previous year and a 3.53 percent rise from the previous month. In the first four months of this year, Hon Hai, which has ramped up efforts to produce AI servers to diversify its production portfolio, generated NT$2.96 trillion in consolidated sales, up 29.7 percent from the previous year.

Compared with a year earlier, Hon Hai reported significant sales growth in its cloud and networking division due to strong AI cloud momentum, while its electronic components division also saw rising sales with an increase in shipments. The company's computing division experienced robust sales growth in April owing to an increase in orders, although its smart consumer electronics division saw a mild decline in revenue.

On a month-to-month basis, Hon Hai stated that its cloud and networking and electronic components divisions reported revenue growth in April, capitalizing on AI momentum, whereas the computing division's sales remained flat. The smart consumer division saw a slight drop in sales from the previous month due to a relatively high comparison base in March, the company explained.

Hon Hai noted that the second quarter is traditionally a slow season for the information and communications technology industry as its major products are in a transition period. However, AI server rack growth momentum is anticipated to help the company counteract slow season effects in the April-June period. Based on received orders, Hon Hai expects sales for the second quarter to grow both year-on-year and sequentially.

Hon Hai has scheduled an investor conference for May 14 to present its first quarter results and provide further guidance for the second quarter and for the entire year of 2026. For the first quarter, Hon Hai, which currently holds approximately 40 percent of the global AI market, reported its highest-ever first quarter sales of NT$2.13 trillion in consolidated sales, attributing the growth to increased shipments in cloud and networking devices amid the ongoing AI boom.