What Foxconn's Report Tells Us About AI, Data Center and More
Here are our takeaways from the key Apple and Nvidia partner as it reports February revenue.
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Before we tackle, Broadcom’s (AVGO) quarterly results and favorable outlook, the combination that is sending the shares higher this morning, let’s first review Foxconn’s February revenue report.
For newer members, Foxconn is a key partner for Apple (AAPL) , Nvidia (NVDA) and others, which is why we follow its comments on cloud, networking, smartphone and other connected device end markets. In getting ready to review Foxconn’s February 2026 revenue, let’s remember the calendar shift for China’s new year holidays that fell in February this year, but January last year.
On a year-over-year basis, Foxconn’s revenue rose just over 8% and sits on top of record revenue booked in February 2025. Per the company, strong demand year over year for AI servers continued to lift its Cloud and Networking products revenue. That meshes with recent guidance from Dell (DELL) , Nvidia as well as from Broadcom. It also sets up for favorable guidance from Marvell (MRVL) when it reports after Thursday’s market close.
That AI and data center-related strength more than offset weaker demand at Foxconn’s other reporting segments, which serve the PC, smartphone, and other smart consumer electronic categories. That's no surprise to us given developments in the memory market that are expected to weigh on smartphone shipments in the coming quarters as well as those for other connected devices.
We’ll get more color from Foxconn when it reports its December-quarter results on March 16, which will be a table setter for GTC 2026 that begins on the same day.
At the time of publication, TheStreet Pro Portfolio was long AVGO and NVDA.
