Foxconn reported first-quarter 2026 revenue of NT$2.11 trillion and a 63% jump in operating profit as AI server scale offset seasonal weakness. Core profitability improved even as revenue fell 19% from the prior quarter.
https://x.com/HonHai_Foxconn/status/2054902708046557196
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Taiwan indicted nine people including an Nvidia senior manager and two Supermicro employees for allegedly forging documents to illegally export 130 B300 AI servers to China, with 74 delivered via multiple routes. The charges follow a US arrest and underscore enforcement of semiconductor export restrictions that have been in place since 2022.
SpaceX reported Q2 revenue of $7.8 billion, up 92 percent year-over-year, with its former xAI division driving growth through cloud deals while posting a reported 2,013 percent surge in AI-segment capital expenditure to $15.8 billion (about $18.4 billion company-wide). The results offer the first public window into the economics of an AI-scale operation, highlighting both revenue gains and massive infrastructure costs.
TSMC posted a 77.4% year-on-year profit increase to NT$706.56 billion and raised its capital spending outlook while announcing another $100 billion for Arizona fabs. The results underscore sustained AI demand that now dominates 66% of its platform revenue.
TSMC's July 16 earnings call is likely to test how far the chipmaker can extend its upbeat guidance amid AI demand and other factors. Investors will watch for upgrades to revenue, spending, and margin targets as the AI boom's longevity comes under scrutiny.
Tesla reported 480,126 vehicle deliveries in Q2 2026, exceeding analyst expectations of roughly 406,600 and marking a 25% jump from the prior year. The results signal a potential rebound for the automaker after consecutive annual sales declines driven by consumer backlash, lost tax credits, and rising competition.
