Foxconn Industrial Internet, CNE1000031P3

Tianfeng lifts forecasts for Foxconn Industrial Internet stock

Published on 10/02/2026 at 16:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net profit rose 95.99 percent to CNY 23.74 billion in the first half of 2026. Revenue reached CNY 557.86 billion, anchoring Foxconn Industrial Internet stock.

Foxconn Industrial Internet, CNE1000031P3, Illustration mit AI erstellt.

Foxconn Industrial Internet (ISIN CNE1000031P3) became a stronger earnings story after Tianfeng Securities raised its net profit forecasts on September 5, 2026. According to Futubull, the broker lifted its 2026 forecast from CNY 49.98 billion to CNY 62.57 billion and its 2027 forecast from CNY 58.29 billion to CNY 85.66 billion.

First-half profit nearly doubles

The forecast revision followed Foxconn Industrial Internet's 2026 interim report. According to Futubull, net profit attributable to shareholders reached CNY 23.74 billion in the first half of 2026, up 95.99 percent from the prior-year period.

Revenue rose 54.63 percent year over year to CNY 557.86 billion in the first half of 2026. Second-quarter net profit reached CNY 13.15 billion, up 91.00 percent year over year and 24.10 percent from the first quarter, while second-quarter revenue was CNY 306.78 billion.

AI servers drive the mix

The operating mix explains why the profit forecast moved faster than revenue. IT Boltwise reported that cloud-computing revenue grew 75.70 percent in the first half of 2026, while AI server revenue for cloud service providers increased 230.00 percent.

That combination gives the company a higher-value growth angle than a simple volume recovery. It also raises execution sensitivity: Tianfeng listed capital expenditure, competition, component prices, geopolitics, customer concentration and inventory impairment among the risks in its September 5 assessment, according to Futubull.

Buyback adds a capital return signal

Foxconn Industrial Internet completed a share repurchase on September 18, 2026, buying 15.83 million shares for CNY 1.00 billion, or 0.08 percent of its share capital, according to IT Boltwise. The buyback gives the earnings acceleration a direct capital-allocation counterpart.

Stock remains below its yearly high

Foxconn Industrial Internet was last quoted at CNY 58.20 on the Shanghai Stock Exchange on September 30, 2026, against a prior close of CNY 58.42. Its 52-week range was CNY 47.35 to CNY 84.95, while market capitalization stood at CNY 1.2 trillion on the same date.

For investors, the central test is whether AI-server growth can sustain the raised earnings path while the company manages capital spending and customer concentration.