FIT Hon Teng Announces FY2026 Interim Results with strong AI-driven cloud demand offsets headwinds in other end markets

-- Revenue for the 1H 2026 amounted to US$2,496 million, representing a 8.3% YoY increase as compared to US$2,305 million in the same period last year.
-- Interim profit amounted to US$38 million, up 26.3% YoY compared with the same period of last year.
-- Interim earnings per share amounted to US$0.54 cents.
-- The Board did not declare any interim dividend.

(Hong Kong, August 10, 2026) - FIT Hon Teng Limited ("FIT" or the "Company", SEHK stock code: 6088) today announced its unaudited consolidated results for the interim period ended June 30, 2026.

In the first half of 2026, FIT's revenue amounted to US$2,496 million, representing an increase of 8.3% from US$2,305 million for the same period in 2025. FIT's gross profit increased by 11.4% from US$429 million for the six months ended June 30, 2025 to US$477 million for the same period in 2026. Its gross profit margin increased from 18.6% for the six months ended June 30, 2025 to 19.1% for the same period in 2026, primarily due to changes in product mix and impact of exchange rates.

FIT's operating profit decreased by 29.5% from US$105 million for the six months ended June 30, 2025, to US$74 million for the same period in 2026. Its operating profit margin decreased from 4.6% for the six months ended June 30, 2025 to 2.97% for the same period in 2026.

FIT's profit for the six months ended June 30, 2026 amounted to US$38 million, as compared to a profit of US$30 million for the six months ended June 30, 2025.

The following table presents revenue by end markets, in both absolute amounts and as percentages of revenue, with several segments renamed to better reflect shifts in industry applications.

-- The 2.9% increase in revenue from the Smartphone end market was due to an increase in sales volume of high-end smartphones by branded companies.
-- The 55.8% increase in revenue from the Cloud end market was due to increased demand for servers, driven by growing demand for AI, which led to an increase in shipments of copper-based components products.
-- The 20.6% decrease in revenue from the Consumer Interconnects end market was due to the impact of shortages in upstream memory components.
-- The 6.2% decrease in revenue from the Auto Mobility end market was due to the overall contraction of the EV market and adjustments of major customers' EV strategies.
-- The 14.9% increase in revenue from the System Products end market was due to increased demand for branded customers' wired earphone accessories.

Commenting on FIT's results, Mr. Sidney Lu, Chairman and CEO, said, "Our second-quarter performance delivered improvement across all three key profitability indicators, with quarterly operating profit increasing 40% year-on-year. While raw material price fluctuations remain a factor, we expect profitability to improve progressively in the second half of the year as manufacturing efficiency increases and high value-added AI products ramp up.

"Facing growth in the global AI industry, we continue to push the limits of next-generation high-speed connectivity and interconnect technologies. As such, we also sincerely invite industry partners and investors to join us at the second FIT Tech Day on 16 September 2026. Together with leading experts and industry leaders from around the world, we look forward to collaborating with global ecosystem partners to unlock the tremendous opportunities created by the transformation of AI infrastructure."

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Foxconn Interconnect Technology (HKEX: 60888) was listed on the Hong Kong Stock Exchange in 2017 and is the largest consumer electronics connector manufacturer in Asia. While connectors remain its core business, the company has strategically expanded in recent years to 5G Alot, Mobility and Audio, as well as entering consumer brand business. For more information, please visit the company's website at fit-foxconn.com

This release was published on openPR.