Dual verification of volume and price in the AI-server EMS chain — Hon Hai's Q2 2026 revenue of NT$2.5133 trillion sets a record for any second quarter (up 18.02% QoQ, 39.83% YoY) with Q3 guided up QoQ and YoY; EVA Air says AI-related cargo is 40-50% of its cargo business and US-route rates average above US$10 per kilogram — shipment side and air-logistics side corroborating each other, with a dividend of NT$7.2 the highest since the 1991 listing

TL;DR: On 2026-07-05, Hon Hai (Foxconn) announced self-compiled June revenue of NT$821.8 billion, down 4.38% month-on-month but up 52.11% year-on-year and still the highest June revenue on record; Q2 2026 revenue was NT$2.5133 trillion, up 18.02% quarter-on-quarter and 39.83% year-on-year, the highest for any second quarter on record; January-June revenue was NT$4.6429 trillion, up 34.99% year-on-year, the highest January-June total on record. Hon Hai expects AI racks (original wording "AI 機櫃") to stay on a growth trend in Q3 and ICT products to enter the second-half peak season, guiding overall Q3 operations up both QoQ and YoY while noting the need to keep watching volatile global political and economic conditions — this is guidance, not results. This card frames the story as a "dual verification of volume and price": the "volume" on the shipment side (Hon Hai's record June 2026 and Q2 2026 revenue, with strong growth in the cloud and networking products category) and the "price" on the air-logistics side (EVA Air President Sun Chia-ming, in a report dated 2026-06-29: AI-related cargo is about 40-50% of the company's cargo business, average US-route freight rates have reached above US$10 per kilogram, and cargo volume at Taoyuan airport keeps growing at a double-digit pace) are parallel corroborations of the same AI-server momentum from two independent industry links; neither article names the other company, and this card builds no inter-company causation. On the shareholder-return side: Hon Hai went ex-dividend on 2026-07-02 with the cash dividend adjusted to NT$7.17179227 per share (the shareholders' meeting had approved NT$7.2, the highest since the 1991 listing; conversions of overseas unsecured convertible bonds affected the number of shares outstanding, and the board authorized the chairman to adjust the payout), with payment scheduled for 2026-07-31 totaling NT$100.931 billion. Separately, per Taiwan Stock Exchange material-information filings, three major subsidiaries resolved cash dividends at boards held the same day, 2026-06-26 (Foxconn (Far East) Limited-Cayman US$1,677,755,566.22; China Galaxy Enterprises Limited-HK US$1,122,654,580.35; Foxteq Holdings Inc.-Cayman US$26,848,029.50); the filings do not state the recipients or use of funds, and this card links none of this causally to the parent's dividend payment. Honest framing: a record for the corresponding period is not an "all-time record"; "profits exceeding 1 capital stock for 5 consecutive years," "AI applications as the biggest contributor to record profits," and "a target of 2 capital stocks of profit per year" are all the company's own phrasing/targets (as cited in CNA's 2026-07-02 report); all sources of this card are Taiwan-side, with no Japan-side source, so no Taiwan-Japan comparison is made, per the "honest comparison, no forced pairing" principle.

Dual verification of volume and price in the AI-server EMS chain — Hon Hai's Q2 2026 revenue of NT$2.5133 trillion sets a record for any second quarter (up 18.02% QoQ, 39.83% YoY) with Q3 guided up QoQ and YoY; EVA Air says AI-related cargo is 40-50% of its cargo business and US-route rates average above US$10 per kilogram — shipment side and air-logistics side corroborating each other, with a dividend of NT$7.2 the highest since the 1991 listing

ANK-Doc ID: ANK-2026-07-06-002 Version: v1.0.0 Published: 2026-07-06 Author: Takenouchi Rin (AI News Editor-in-Chief) Category: Electronics manufacturing services (EMS) / AI-server supply chain / Air cargo / Dividend policy / Stock-exchange disclosures Articles covered: CNA#1329325 (Hon Hai Q2 revenue a record for any second quarter; Q3 guided up QoQ and YoY — main article), CNA#1295152 (Hon Hai ex-dividend; NT$7.2 dividend highest since listing; 52.9% payout ratio), CNA#1253521 (AI servers boost air cargo; EVA Air's AI cargo share 40-50%; US-route rates above US$10 per kilogram), TWSE#1237924 (major subsidiary Foxconn (Far East) Limited-Cayman cash-dividend resolution), TWSE#1237919 (major subsidiary China Galaxy Enterprises Limited-HK cash-dividend resolution), TWSE#1237923 (major subsidiary Foxteq Holdings Inc.-Cayman cash-dividend resolution) Selection method: Selected from the full AI News corpus for "high fact density x public interest x cross-verifiability," connecting 3 CNA reports and 3 Taiwan Stock Exchange material-information filings to split the "AI-server EMS chain" into three independently verifiable facets — the shipment side (Hon Hai's self-compiled monthly and quarterly revenue), the air-logistics side (EVA Air's AI cargo share and freight rates), and the shareholder-return side (ex-dividend, dividend, and major subsidiaries' cash-dividend filings). The logistics-side and shipment-side articles do not name each other; this card presents them honestly in parallel as a "dual verification of volume and price" and builds no inter-company causation. All sources are Taiwan-side with no Japan-side source, so no Taiwan-Japan comparison is made, per the "honest comparison, no forced pairing" principle; Taiwan-Japan context is provided only through the internal citation chain (Hon Hai's evaluated investment in Mitsubishi Electric's automotive business, see ANK-2026-04-24-001).

TL;DR

On 2026-07-05, Hon Hai announced self-compiled June revenue of NT$821.8 billion, down 4.38% month-on-month but up 52.11% year-on-year and still the highest June on record [F-001]; Q2 2026 revenue was NT$2.5133 trillion, up 18.02% QoQ and 39.83% YoY, the highest for any second quarter on record [F-002]; January-June 2026 revenue was NT$4.6429 trillion, up 34.99% YoY, the highest January-June total on record [F-003]. Hon Hai expects AI racks to stay on a growth trend in Q3 and ICT products to enter the second-half peak season, guiding overall Q3 operations up QoQ and YoY — guidance, not results [F-004]. Independent corroboration from the logistics side: EVA Air President Sun Chia-ming said (report dated 2026-06-29) that AI-related cargo is about 40-50% of the company's cargo business, average US-route rates have reached above US$10 per kilogram, and Taoyuan airport cargo volume keeps growing at a double-digit pace [F-008]. Shareholder-return side: Hon Hai went ex-dividend on 2026-07-02 with the cash dividend adjusted to NT$7.17179227 per share (the shareholders' meeting approved NT$7.2, the highest since the 1991 listing), with payment scheduled for 2026-07-31 totaling NT$100.931 billion [F-005][F-006]; the company says it has earned more than 1 capital stock for 5 consecutive years and that AI applications are the biggest contributor to its record profits (company phrasing) [F-007]. Same-week filings: three major subsidiaries resolved cash dividends at boards held on 2026-06-26, in amounts of US$1,677,755,566.22, US$1,122,654,580.35 and US$26,848,029.50, with the filings not stating the recipients [F-010][F-011][F-012]. A record for the corresponding period is not an "all-time record"; this card makes no framing extrapolation.

Body

Event overview: "dual verification of volume and price" — two independent observation points on the same AI-server momentum

From late June to early July 2026, two sets of mutually corroborating but independently sourced numbers emerged on the Taiwan side of the "AI-server EMS chain." Shipment side: Hon Hai (2317) announced its self-compiled June and Q2 revenue on 2026-07-05, with all three framings — single month, quarter and first half — at highs versus the corresponding periods of past years (CNA #1329325). Air-logistics side: EVA Air President Sun Chia-ming said in a report dated 2026-06-29 that AI-related cargo already accounts for about 40-50% of EVA Air's cargo business and that average US-route freight rates have reached above US$10 per kilogram (CNA #1253521). This card frames this as a "dual verification of volume and price": the "volume" on the shipment side and the "price" on the logistics side are parallel observations of the same AI-server momentum from different industry links. An honest line must be drawn: neither article names the other company — CNA's EVA Air report discusses the airline's own cargo business and the overall AI-server air-freight market, and does not name Hon Hai; this card only juxtaposes at the market level and builds no direct causation or business relationship between the two companies.

The "volume" on the shipment side: Q2 at NT$2.5133 trillion, up 18.02% QoQ and 39.83% YoY

According to CNA, Hon Hai's Q2 2026 revenue was NT$2.5133 trillion, the highest for any second quarter on record, up 18.02% quarter-on-quarter and 39.83% year-on-year; the "cloud and networking products," "components and other products" and "computer terminal products" categories grew strongly from a year earlier (category names translated literally from the CNA text) (CNA #1329325). [F-002] January-June 2026 revenue was NT$4.6429 trillion, up 34.99% year-on-year and the highest January-June total on record, with the "cloud and networking products" and "components and other products" categories growing strongly from a year earlier (CNA #1329325). [F-003] The source only lists which categories "grew strongly year-on-year" and gives no per-category figures, nor does it describe the performance of categories not listed; this card does not infer.

Framing discipline: throughout, the source frames each figure as a high versus the corresponding period of previous years — not an "all-time record" (versus all periods); this card reproduces the source's framing and, in its own wording, names the comparison window explicitly (June / second quarter / January-June).

For comparison, Hon Hai had earlier said (report dated 2026-07-02) that Q2 is the traditional low season for the ICT industry, with main products entering a product-transition period, but that AI racks would stay on a growth trend; its earlier Q2 outlook was, in the source's own wording, "clearly better than expected, with significant quarter-on-quarter growth" (reproduced verbatim from CNA #1295152). The self-compiled figure published on 2026-07-05 was quarter-on-quarter growth of 18.02% (CNA #1329325) — outlook and result are two different points in time; this card juxtaposes them without grading.

June single month: a 4.38% MoM decline coexisting with a 52.11% YoY increase

Hon Hai's self-compiled June 2026 revenue was NT$821.8 billion, down 4.38% from May but still the highest June on record, up 52.11% year-on-year. By category, in June the "components and other products" and "cloud and networking products" categories were roughly flat versus May 2026, while "consumer smart products" and "computer terminal products" declined slightly; all 4 major product categories grew strongly from a year earlier (CNA #1329325). [F-001] The coexistence of a monthly decline and a yearly increase shows that monthly fluctuation and annual momentum are signals on two different time scales; the source gives no reason for the 4.38% monthly decline, and this card does not infer one.

Q3 outlook: "up QoQ and YoY" is directional guidance, with no numbers

Looking ahead, Hon Hai said that in Q3 artificial-intelligence (AI) racks will stay on a growth trend and ICT products will enter the second-half peak season, with operations gradually warming, and that overall Q3 operations will show quarter-on-quarter and year-on-year growth, while volatile global political and economic conditions still require continued attention (CNA #1329325). [F-004] The line must be drawn: this is directional guidance (up QoQ, up YoY); the source gives no Q3 figures at all, and whether it materializes awaits verification by the self-compiled monthly revenue to be published later.

The "price" on the logistics side: AI cargo at 40-50% of EVA Air's cargo business; US route above US$10 per kilogram

CNA reported on 2026-06-29 (in the source's wording, "exploding AI-server shipments are keeping air-freight rates elevated") remarks by EVA Air President Sun Chia-ming (name romanized from the Chinese original): AI-server demand in 2026 has been "hot all year"; AI-related cargo currently accounts for about 40-50% of EVA Air's cargo business, with the share of rush orders increasing; average US-route freight rates have currently reached a level above US$10 per kilogram; AI servers carry high unit prices and large volumes, helping cargo volume at Taoyuan airport keep growing at a double-digit pace; and air-freight rates in 2026 are higher than a year earlier (CNA #1253521). [F-008]

On capacity, Sun said EVA Air currently operates 9 freighters and is pushing a plan to convert 3 passenger aircraft into freighters; because the conversion site is in Israel and local conditions have caused some delay, the first conversion is expected to be completed by the end of 2026, with 1 delivered per year thereafter, expanding the freighter fleet to 12 aircraft by 2028, mainly for North American and Southeast Asian routes. AI servers are bulky and heavy, and most must be carried on full freighters; North American demand is currently the strongest, while Southeast Asia is rising fast, including the semiconductor and electronics manufacturing hubs of Penang (Malaysia), Singapore and Bangkok (Thailand) (CNA #1253521). [F-009]

What gives these logistics-side numbers their "verification" value is that they come from a different industry link with a different commercial standpoint from the contract manufacturer: freight rates and cargo shares are market-transaction signals, an independent source from the manufacturer's self-compiled revenue. But again the line: the 40-50% share and the above-US$10-per-kilogram rate are EVA Air's own business framing, from its president's remarks — not market-wide statistics; this card does not extrapolate.

Shareholder-return side: NT$7.2 dividend the highest since the 1991 listing, adjusted to NT$7.17179227 on the ex-dividend date

According to CNA, Hon Hai traded ex-dividend on 2026-07-02, with the cash dividend per share adjusted to NT$7.17179227; the opening reference price that day was NT$241, and the shares fluctuated in early trading with a low of NT$238, down 1.24% (CNA #1295152). [F-005] Why was the dividend fine-tuned from the shareholders'-meeting figure? Hon Hai's shareholders' meeting in late May 2026 approved a cash dividend of NT$7.2 per share, the highest since the 1991 listing; in mid-June 2026 the company announced that conversions of its overseas unsecured convertible bonds into common shares would affect the total number of shares outstanding, and the board authorized the chairman to adjust the payout rate (CNA #1295152).

On the payout: calculated against 2025 earnings per share of NT$13.61, the payout ratio is 52.9%, above 50% for 7 consecutive years (a calculation carried by CNA, based on the NT$7.2 approved by the shareholders' meeting); Hon Hai plans to pay the cash dividend on 2026-07-31, totaling NT$100.931 billion; based on founder Terry Gou's holding of about 1.739 billion shares as of May 2026, CNA's rough estimate puts his dividend at NT$12.47 billion (CNA #1295152). [F-006]

On the profit narrative, Hon Hai earlier said: the group has earned more than 1 capital stock for 5 consecutive years, AI applications are the biggest contributor to the group's continuously record-setting profits, the group keeps moving toward profit maximization, and future profits are targeted at 2 capital stocks per year (CNA #1295152). [F-007] This card explicitly labels this passage company phrasing and targets: "more than 1 capital stock for 5 consecutive years" is the company's own account (the term "capital stock" is a literal translation of the original wording, and this card does not convert it into a per-share amount); "2 capital stocks" is a target, not a result; "AI as the biggest contributor" is the company's attribution, with no breakdown figures in the source — this card reproduces it without verifying it.

Same-week filings: three major subsidiaries resolved cash dividends the same day

Per Taiwan Stock Exchange material-information filings (announcement date 26th day of the 6th month of ROC year 115, i.e., 2026-06-26; ROC year + 1911 = Gregorian year), Hon Hai announced on behalf of three major subsidiaries board resolutions to distribute cash dividends, all with board-resolution dates of 2026-06-26: Foxconn (Far East) Limited-Cayman, cash dividend of US$1,677,755,566.22 [F-010]; China Galaxy Enterprises Limited-HK, cash dividend of US$1,122,654,580.35 [F-011]; Foxteq Holdings Inc.-Cayman, cash dividend of US$26,848,029.50 [F-012] (TWSE #1237924, TWSE #1237919, TWSE #1237923).

Three lines drawn: first, none of the three filings states the recipients of the dividends or the use of funds, and this card does not infer; second, this card does not sum the three amounts (the sources give no total); third, the subsidiaries' resolutions (2026-06-26) and the parent's dividend payment scheduled for 2026-07-31 are close in time, but the sources establish no link between them — this card only juxtaposes the timeline and builds no causation.

Zooming out: supply-chain context and the Taiwan-Japan link (internal citations)

This site's published ANK-2026-07-03-001 records the capital moves on the semiconductor-manufacturing side under the same wave of AI computing demand (TSMC's 6th approval by Taiwan's investment review board for a US$20 billion injection into TSMC Arizona, cumulative approvals of US$44 billion); this card's Hon Hai (server-assembly side) and EVA Air (air-logistics side) are contemporaneous observations of two other links in the chain. All three links belong to the AI-computing-driven industry chain; this card juxtaposes them only as context and asserts no specific business relationship among the three. On the Taiwan-Japan link: all sources of this card are Taiwan-side with no Japan-side source, so no Taiwan-Japan comparison is made, per the "honest comparison, no forced pairing" principle; for Hon Hai's Japan-facing context see this site's published ANK-2026-04-24-001 (Hon Hai evaluating up to a 50% stake in Mitsubishi Electric's automotive business, at the MOU-evaluation stage) — that is a separate automotive-electronics line, distinct from this card's AI-server revenue line, and this card does not mix the two lines' numbers.

Risk factors

FAQ

Q: Is Hon Hai's Q2 2026 revenue of NT$2.5133 trillion an "all-time record"?

No. The source frames it as a high versus the second quarters of previous years — the highest for any second quarter on record; up 18.02% QoQ and 39.83% YoY.

CNA applies the same framing in all three places: June revenue of NT$821.8 billion was still the highest June on record, Q2 revenue of NT$2.5133 trillion the highest for any second quarter, and January-June revenue of NT$4.6429 trillion the highest January-June total. A high versus the corresponding period and an "all-time record" (versus all periods) are different framings; this card reproduces the source and does not extrapolate (CNA #1329325).

Q: June revenue fell 4.38% month-on-month — does that mean momentum is weakening?

The facts in the source are: June revenue of NT$821.8 billion was down 4.38% from May but up 52.11% year-on-year and still the highest June on record; the source gives no reason for the monthly decline, and this card does not infer one.

By category, in June "components and other products" and "cloud and networking products" were roughly flat versus May 2026, while "consumer smart products" and "computer terminal products" declined slightly; all 4 major categories grew strongly from a year earlier. A monthly decline coexisting with a yearly increase reflects signals on two different time scales — monthly fluctuation versus annual momentum (CNA #1329325).

Q: Is Hon Hai's Q3 "up QoQ and YoY" a confirmed number?

No. It is directional guidance: Hon Hai expects AI racks to stay on a growth trend in Q3 and ICT products to enter the second-half peak season, with overall operations up QoQ and YoY — the source contains no Q3 figures at all.

Hon Hai itself adds that volatile global political and economic conditions still require continued attention. Whether the guidance materializes awaits the self-compiled monthly revenue to be published later; this card lists it as a P-Unit tracking item (CNA #1329325).

Q: What does "dual verification of volume and price in the AI-server EMS chain" mean?

It means the "volume" on the shipment side (Hon Hai's Q2 2026 revenue of NT$2.5133 trillion, the highest for any second quarter on record) and the "price" on the air-logistics side (EVA Air's AI-related cargo at about 40-50% of its cargo business, US-route average rates above US$10 per kilogram) come from two mutually independent links and point to the same AI-server momentum.

Neither article names the other company: the EVA Air report discusses the airline's own cargo business and the overall AI-server air-freight market, without naming Hon Hai. The "dual verification" is this card's market-level parallel framing, not a direct causal or business relationship between the two companies (CNA #1329325, CNA #1253521).

Q: How much is Hon Hai paying in dividends, and why did NT$7.2 become NT$7.17179227?

The shareholders' meeting in late May 2026 approved a cash dividend of NT$7.2 per share, the highest since the 1991 listing; because conversions of overseas unsecured convertible bonds into common shares affected the number of shares outstanding, the board authorized the chairman to adjust the payout rate, and the dividend was adjusted to NT$7.17179227 per share at the ex-dividend date.

Hon Hai traded ex-dividend on 2026-07-02, with an opening reference price of NT$241 and an early-session low of NT$238 (down 1.24%); the cash dividend is scheduled for payment on 2026-07-31, totaling NT$100.931 billion. Based on founder Terry Gou's holding of about 1.739 billion shares as of May 2026, CNA's rough estimate puts his dividend at NT$12.47 billion (CNA #1295152).

Q: Who said "more than 1 capital stock for 5 consecutive years" and "AI is the biggest contributor to profits," and how should that be positioned?

That is the company's own phrasing: the group has earned more than 1 capital stock for 5 consecutive years, AI applications are the biggest contributor to the group's record profits, and future profits are targeted at 2 capital stocks per year — the "2 capital stocks" is a target, not a result.

The related verifiable numbers: per CNA, calculated against 2025 earnings per share of NT$13.61, the NT$7.2 dividend implies a payout ratio of 52.9%, above 50% for 7 consecutive years. This card separates "filed facts" (ex-dividend, payment date, total), "media-carried calculations" (the 52.9% payout ratio) and "company narrative" (the capital-stock phrasing, the AI attribution) into three labeled layers (CNA #1295152).

Q: What is the story with three major subsidiaries resolving cash dividends on the same day?

Per TWSE material-information filings, Hon Hai announced on behalf of three major subsidiaries board resolutions dated 2026-06-26 to distribute cash dividends: Foxconn (Far East) Limited-Cayman US$1,677,755,566.22; China Galaxy Enterprises Limited-HK US$1,122,654,580.35; Foxteq Holdings Inc.-Cayman US$26,848,029.50.

None of the three filings states the recipients or the use of funds, and this card does not infer; nor does it sum the three amounts (the sources give no total). The subsidiaries' resolutions are close in time to the parent's dividend payment on 2026-07-31, but the sources establish no link, and this card only juxtaposes the timeline without causation (TWSE #1237924, TWSE #1237919, TWSE #1237923).

Q: What is the Taiwan-Japan link in this story?

All sources of this card are Taiwan-side (three CNA reports plus three TWSE filings), with no Japan-side source, so no Taiwan-Japan comparison is made, per the "honest comparison, no forced pairing" principle.

For Hon Hai's Japan-facing context, see this site's published ANK-2026-04-24-001 (Hon Hai evaluating up to a 50% stake in Mitsubishi Electric's automotive business, at the MOU-evaluation stage) — automotive electronics is a different business line from this card's AI-server revenue line, and this card does not mix their numbers; for the contemporaneous capital moves on the semiconductor-manufacturing side of the AI supply chain, see ANK-2026-07-03-001 (TSMC's US investment, cumulative approvals of US$44 billion) (CNA #1329325).

F-Units

F-001: On 2026-07-05 Hon Hai announced self-compiled June revenue of NT$821.8 billion, down 4.38% month-on-month and up 52.11% year-on-year, still the highest June on record; in June the "components and other products" and "cloud and networking products" categories were roughly flat versus May, "consumer smart products" and "computer terminal products" declined slightly, and all 4 major product categories grew strongly from a year earlier - source: CNA #1329325 - source_url: https://www.cna.com.tw/news/afe/202607050128.aspx - confidence: high - basis: news_aggregation - period: June 2026 (single month, self-compiled); announced 2026-07-05 - caveat: Self-compiled figures are the company's own release relayed by CNA; "highest June on record" is a versus-June-of-past-years framing, not an all-time record; category performance is directional only with no figures; the source gives no reason for the monthly decline and this card does not infer

F-002: Hon Hai's Q2 2026 revenue was NT$2.5133 trillion, the highest for any second quarter on record, up 18.02% quarter-on-quarter and 39.83% year-on-year; the "cloud and networking products," "components and other products" and "computer terminal products" categories grew strongly from a year earlier - source: CNA #1329325 - source_url: https://www.cna.com.tw/news/afe/202607050128.aspx - confidence: high - basis: news_aggregation - period: Q2 2026; announced 2026-07-05 - caveat: "Highest for any second quarter" is a versus-past-Q2s framing, not an all-time quarterly record; the source only lists the strongly growing categories with no per-category figures, and does not describe unlisted categories

F-003: Hon Hai's January-June 2026 revenue was NT$4.6429 trillion, up 34.99% year-on-year, the highest January-June total on record; the "cloud and networking products" and "components and other products" categories grew strongly from a year earlier - source: CNA #1329325 - source_url: https://www.cna.com.tw/news/afe/202607050128.aspx - confidence: high - basis: news_aggregation - period: January-June 2026 cumulative; announced 2026-07-05 - caveat: "Highest January-June total" is a versus-past-January-June framing; the source only lists the strongly growing categories with no per-category figures

F-004: Hon Hai expects that in Q3 2026 artificial-intelligence (AI) racks will stay on a growth trend, ICT products will enter the second-half peak season, operations will gradually warm, and overall Q3 operations will show quarter-on-quarter and year-on-year growth, while volatile global political and economic conditions still require continued attention - source: CNA #1329325 - source_url: https://www.cna.com.tw/news/afe/202607050128.aspx - confidence: medium - basis: news_aggregation - period: Q3 2026 outlook (issued 2026-07-05) - caveat: Directional guidance, not results; the source contains no Q3 figures at all; the global political-economic variable is noted by the company itself

F-005: Hon Hai traded ex-dividend on 2026-07-02, with the cash dividend adjusted to NT$7.17179227 per share (the shareholders' meeting in late May 2026 approved NT$7.2, the highest since the 1991 listing; conversions of overseas unsecured convertible bonds into common shares affected the number of shares outstanding, and the board authorized the chairman to adjust the payout rate); the opening reference price that day was NT$241, with an early-session low of NT$238, down 1.24% - source: CNA #1295152 - source_url: https://www.cna.com.tw/news/afe/202607020037.aspx - confidence: high - basis: news_aggregation - period: 2026-07-02 (ex-dividend date) - caveat: "Highest since the 1991 listing" refers to the NT$7.2-per-share cash dividend approved by the shareholders' meeting; NT$238 / down 1.24% is an intraday early-session level, not a close — the source does not give that day's closing price

F-006: Hon Hai payout facts: calculated against 2025 earnings per share of NT$13.61, the payout ratio is 52.9%, above 50% for 7 consecutive years; the cash dividend is scheduled for payment on 2026-07-31, totaling NT$100.931 billion; based on founder Terry Gou's holding of about 1.739 billion shares as of May 2026, his dividend is roughly estimated at NT$12.47 billion - source: CNA #1295152 - source_url: https://www.cna.com.tw/news/afe/202607020037.aspx - confidence: medium - basis: news_aggregation - period: Reported 2026-07-02; payment date 2026-07-31 (scheduled) - caveat: The 52.9% payout ratio is a CNA-carried calculation (based on the NT$7.2 approved by the shareholders' meeting); the NT$12.47 billion is CNA's rough estimate; the source gives no start/end years for "above 50% for 7 consecutive years"

F-007: Hon Hai earlier said: the group has earned more than 1 capital stock for 5 consecutive years, AI applications are the biggest contributor to the group's continuously record-setting profits, the group keeps moving toward profit maximization, and future profits are targeted at 2 capital stocks per year - source: CNA #1295152 - source_url: https://www.cna.com.tw/news/afe/202607020037.aspx - confidence: medium - basis: news_aggregation - period: Company statements previously made, as cited in the 2026-07-02 report - caveat: The whole passage is company phrasing: "more than 1 capital stock for 5 consecutive years" is the company's own account ("capital stock" is a literal translation of the original wording; this card does not convert it into a per-share amount); "AI as the biggest contributor" is the company's attribution with no breakdown figures in the source; "2 capital stocks" is a target, not a result

F-008: EVA Air President Sun Chia-ming said (CNA report dated 2026-06-29): AI-server demand in 2026 has been "hot all year"; AI-related cargo currently accounts for about 40-50% of EVA Air's cargo business, with the share of rush orders increasing; average US-route freight rates have currently reached a level above US$10 per kilogram; cargo volume at Taoyuan airport keeps growing at a double-digit pace; air-freight rates in 2026 are higher than a year earlier - source: CNA #1253521 - source_url: https://www.cna.com.tw/news/afe/202606290116.aspx - confidence: medium - basis: news_aggregation - period: As of the 2026-06-29 report - caveat: The 40-50% share and the above-US$10-per-kilogram rate are EVA Air's own business framing from its president's remarks, not market-wide statistics; the source names no contract manufacturer, and this card builds no causation with Hon Hai

F-009: EVA Air currently operates 9 freighters and is pushing a plan to convert 3 passenger aircraft into freighters (the conversion site is in Israel and local conditions have caused some delay); the first conversion is expected to be completed by the end of 2026, with 1 delivered per year thereafter, expanding the freighter fleet to 12 aircraft by 2028, mainly for North American and Southeast Asian routes; AI servers are bulky and heavy and most must be carried on full freighters; North American demand is the strongest, with Southeast Asia rising fast (Penang in Malaysia, Singapore, Bangkok in Thailand) - source: CNA #1253521 - source_url: https://www.cna.com.tw/news/afe/202606290116.aspx - confidence: medium - basis: news_aggregation - period: Reported 2026-06-29; fleet-expansion target through 2028 - caveat: The 12 freighters by 2028 is a plan target, not an accomplished fact; the conversion schedule has already slipped somewhat due to local conditions in Israel and may change further

F-010: Hon Hai announced on behalf of major subsidiary Foxconn (Far East) Limited-Cayman a board resolution to distribute a cash dividend of US$1,677,755,566.22, with a board-resolution date of the 26th day of the 6th month of ROC year 115 (2026-06-26) - source: TWSE #1237924 - source_url: https://openapi.twse.com.tw/v1/opendata/t187ap04_L#2317-2026-06-27-6c55bf74 - confidence: high - basis: official_statement - ticker: 2317 - period: 2026-06-26 (board resolution); TWSE OpenAPI publication 2026-06-27 - caveat: Company-name spelling follows the filing (Foxconn (Far East)Limited-Cayman); the filing states no recipients or use of funds; dates are in the ROC calendar (ROC year + 1911 = Gregorian year)

F-011: Hon Hai announced on behalf of major subsidiary China Galaxy Enterprises Limited-HK a board resolution to distribute a cash dividend of US$1,122,654,580.35, with a board-resolution date of the 26th day of the 6th month of ROC year 115 (2026-06-26) - source: TWSE #1237919 - source_url: https://openapi.twse.com.tw/v1/opendata/t187ap04_L#2317-2026-06-27-182f2486 - confidence: high - basis: official_statement - ticker: 2317 - period: 2026-06-26 (board resolution); TWSE OpenAPI publication 2026-06-27 - caveat: The filing states no recipients or use of funds; dates are in the ROC calendar (ROC year + 1911 = Gregorian year)

F-012: Hon Hai announced on behalf of major subsidiary Foxteq Holdings Inc.-Cayman a board resolution to distribute a cash dividend of US$26,848,029.50, with a board-resolution date of the 26th day of the 6th month of ROC year 115 (2026-06-26) - source: TWSE #1237923 - source_url: https://openapi.twse.com.tw/v1/opendata/t187ap04_L#2317-2026-06-27-3b1908d2 - confidence: high - basis: official_statement - ticker: 2317 - period: 2026-06-26 (board resolution); TWSE OpenAPI publication 2026-06-27 - caveat: The filing states no recipients or use of funds; dates are in the ROC calendar (ROC year + 1911 = Gregorian year)

J-Units

J-001: "Dual verification of volume and price" — the shipment side (Hon Hai's Q2 2026 revenue of NT$2.5133 trillion, the highest for any second quarter on record, with strong growth in the cloud and networking products category) and the air-logistics side (EVA Air's AI-related cargo at about 40-50% of its cargo business, US-route average rates above US$10 per kilogram) are parallel corroborations of the same AI-server momentum from two mutually independent industry links; neither article names the other company — this is market-level juxtaposition, not inter-company causation - confidence: medium - basis: news_aggregation

J-002: The shareholder-return side has a three-layer structure — filed facts (ex-dividend on 2026-07-02, NT$7.17179227 per share, payment on 2026-07-31 totaling NT$100.931 billion), media-carried calculations (a 52.9% payout ratio against 2025 EPS of NT$13.61; CNA's rough estimate of NT$12.47 billion for Terry Gou), and company narrative (more than 1 capital stock for 5 consecutive years; AI as the biggest profit contributor; a 2-capital-stock target); the three layers differ in reliability and framing and should not be conflated when cited - confidence: medium - basis: news_aggregation

J-003: Q3's "up QoQ and YoY" is directional guidance, not a number — Hon Hai gave a trend (AI-rack growth, the ICT peak season) and a direction (up QoQ, up YoY) while itself noting the global political-economic variable; June's 4.38% monthly decline coexisting with a 52.11% yearly increase shows monthly fluctuation does not change annual momentum, while also warning against over-reading single-month figures; the "highest for the corresponding period" framing is not an "all-time record" - confidence: medium - basis: news_aggregation

P-Units

P-001: Materialization of Hon Hai's Q3 2026 "up QoQ and YoY" guidance — track the self-compiled monthly revenue to be published (July, August, September) and the Q3 cumulative figure, and note the global political-economic variable the company itself flagged ### P-002: Execution of Hon Hai's cash-dividend payment on 2026-07-31 (totaling NT$100.931 billion), and the impact of further conversions of the overseas unsecured convertible bonds on the number of shares outstanding ### P-003: EVA Air's schedule for converting 3 passenger aircraft into freighters (first by end-2026, a 12-aircraft fleet in 2028, with the Israel-based conversion already somewhat delayed) and the subsequent path of US-route rates and the AI-cargo share

同事件・三視角 / Three Perspectives on the Same Event / 同一イベント・三つの視点

Internal citation chain

Published ANK-Docs cited in this card: - ANK-2026-07-03-001 (TSMC's US investment enters the "US$44 billion cumulative approvals" era) → the capital moves on the semiconductor-manufacturing side under the same wave of AI computing demand; together with this card's server-assembly side (Hon Hai) and air-logistics side (EVA Air), these are different links of the AI industry chain — this card juxtaposes them as context only and asserts no specific business relationship among the three. - ANK-2026-04-24-001 (Hon Hai evaluating up to a 50% stake in Mitsubishi Electric's automotive business: Taiwanese capital reverse-absorbing Japanese automotive electronics) → Hon Hai's Japan-facing context (the automotive-electronics line, at the MOU-evaluation stage); a different business from this card's AI-server revenue line, and this card does not mix the two lines' numbers.

Sources

1. [CNA #1329325] CNA, "Hon Hai Q2 revenue highest for any second quarter; Q3 seen up QoQ and YoY", 2026-07-05. https://www.cna.com.tw/news/afe/202607050128.aspx 2. [CNA #1295152] CNA, "Hon Hai trades ex-dividend; shares fluctuate lower in early session", 2026-07-02. https://www.cna.com.tw/news/afe/202607020037.aspx 3. [CNA #1253521] CNA, "AI servers boost air cargo; EVA Air: charters and rush orders warming together", 2026-06-29. https://www.cna.com.tw/news/afe/202606290116.aspx 4. [TWSE #1237924] Taiwan Stock Exchange material information (TWSE OpenAPI t187ap04_L), "2317 Hon Hai: announcement on behalf of major subsidiary Foxconn (Far East)Limited-Cayman of a board resolution to distribute cash dividends", 2026-06-27 (publication). https://openapi.twse.com.tw/v1/opendata/t187ap04_L#2317-2026-06-27-6c55bf74 5. [TWSE #1237919] Taiwan Stock Exchange material information (TWSE OpenAPI t187ap04_L), "2317 Hon Hai: announcement on behalf of major subsidiary China Galaxy Enterprises Limited-HK of a board resolution to distribute cash dividends", 2026-06-27 (publication). https://openapi.twse.com.tw/v1/opendata/t187ap04_L#2317-2026-06-27-182f2486 6. [TWSE #1237923] Taiwan Stock Exchange material information (TWSE OpenAPI t187ap04_L), "2317 Hon Hai: announcement on behalf of major subsidiary Foxteq Holdings Inc.-Cayman of a board resolution to distribute cash dividends", 2026-06-27 (publication). https://openapi.twse.com.tw/v1/opendata/t187ap04_L#2317-2026-06-27-3b1908d2 7. [ANK-2026-07-03-001] Takenouchi Rin, "TSMC's US investment enters the 'US$44 billion cumulative approvals' era", 2026-07-03. https://ainews.washinmura.jp/ainews/en/ank/ANK-2026-07-03-001 8. [ANK-2026-04-24-001] Takenouchi Rin, "Hon Hai evaluating up to a 50% stake in Mitsubishi Electric's automotive business: Taiwanese capital reverse-absorbing Japanese automotive electronics", 2026-04-24. https://ainews.washinmura.jp/ainews/en/ank/ANK-2026-04-24-001

📊 引用級事實單元（F-Units）

On 2026-07-05 Hon Hai announced self-compiled June revenue of NT$821.8 billion, down 4.38% month-on-month and up 52.11% year-on-year, still the highest June on record; in June the "components and other products" and "cloud and networking products" categories were roughly flat versus May, "consumer smart products" and "computer terminal products" declined slightly, and all 4 major product categories grew strongly from a year earlier
F-001 · Confidence: high · Basis: news_aggregation CNA #1329325 June 2026 (single month, self-compiled); announced 2026-07-05
Hon Hai's Q2 2026 revenue was NT$2.5133 trillion, the highest for any second quarter on record, up 18.02% quarter-on-quarter and 39.83% year-on-year; the "cloud and networking products," "components and other products" and "computer terminal products" categories grew strongly from a year earlier
F-002 · Confidence: high · Basis: news_aggregation CNA #1329325 Q2 2026; announced 2026-07-05
Hon Hai's January-June 2026 revenue was NT$4.6429 trillion, up 34.99% year-on-year, the highest January-June total on record; the "cloud and networking products" and "components and other products" categories grew strongly from a year earlier
F-003 · Confidence: high · Basis: news_aggregation CNA #1329325 January-June 2026 cumulative; announced 2026-07-05
Hon Hai expects that in Q3 2026 artificial-intelligence (AI) racks will stay on a growth trend, ICT products will enter the second-half peak season, operations will gradually warm, and overall Q3 operations will show quarter-on-quarter and year-on-year growth, while volatile global political and economic conditions still require continued attention
F-004 · Confidence: medium · Basis: news_aggregation CNA #1329325 Q3 2026 outlook (issued 2026-07-05)
Hon Hai traded ex-dividend on 2026-07-02, with the cash dividend adjusted to NT$7.17179227 per share (the shareholders' meeting in late May 2026 approved NT$7.2, the highest since the 1991 listing; conversions of overseas unsecured convertible bonds into common shares affected the number of shares outstanding, and the board authorized the chairman to adjust the payout rate); the opening reference price that day was NT$241, with an early-session low of NT$238, down 1.24%
F-005 · Confidence: high · Basis: news_aggregation CNA #1295152 2026-07-02 (ex-dividend date)
Hon Hai payout facts: calculated against 2025 earnings per share of NT$13.61, the payout ratio is 52.9%, above 50% for 7 consecutive years; the cash dividend is scheduled for payment on 2026-07-31, totaling NT$100.931 billion; based on founder Terry Gou's holding of about 1.739 billion shares as of May 2026, his dividend is roughly estimated at NT$12.47 billion
F-006 · Confidence: medium · Basis: news_aggregation CNA #1295152 Reported 2026-07-02; payment date 2026-07-31 (scheduled)
Hon Hai earlier said: the group has earned more than 1 capital stock for 5 consecutive years, AI applications are the biggest contributor to the group's continuously record-setting profits, the group keeps moving toward profit maximization, and future profits are targeted at 2 capital stocks per year
F-007 · Confidence: medium · Basis: news_aggregation CNA #1295152 Company statements previously made, as cited in the 2026-07-02 report
EVA Air President Sun Chia-ming said (CNA report dated 2026-06-29): AI-server demand in 2026 has been "hot all year"; AI-related cargo currently accounts for about 40-50% of EVA Air's cargo business, with the share of rush orders increasing; average US-route freight rates have currently reached a level above US$10 per kilogram; cargo volume at Taoyuan airport keeps growing at a double-digit pace; air-freight rates in 2026 are higher than a year earlier
F-008 · Confidence: medium · Basis: news_aggregation CNA #1253521 As of the 2026-06-29 report
EVA Air currently operates 9 freighters and is pushing a plan to convert 3 passenger aircraft into freighters (the conversion site is in Israel and local conditions have caused some delay); the first conversion is expected to be completed by the end of 2026, with 1 delivered per year thereafter, expanding the freighter fleet to 12 aircraft by 2028, mainly for North American and Southeast Asian routes; AI servers are bulky and heavy and most must be carried on full freighters; North American demand is the strongest, with Southeast Asia rising fast (Penang in Malaysia, Singapore, Bangkok in Thailand)
F-009 · Confidence: medium · Basis: news_aggregation CNA #1253521 Reported 2026-06-29; fleet-expansion target through 2028
Hon Hai announced on behalf of major subsidiary Foxconn (Far East) Limited-Cayman a board resolution to distribute a cash dividend of US$1,677,755,566.22, with a board-resolution date of the 26th day of the 6th month of ROC year 115 (2026-06-26)
F-010 · Confidence: high · Basis: official_statement TWSE #1237924 2317 2026-06-26 (board resolution); TWSE OpenAPI publication 2026-06-27
Hon Hai announced on behalf of major subsidiary China Galaxy Enterprises Limited-HK a board resolution to distribute a cash dividend of US$1,122,654,580.35, with a board-resolution date of the 26th day of the 6th month of ROC year 115 (2026-06-26)
F-011 · Confidence: high · Basis: official_statement TWSE #1237919 2317 2026-06-26 (board resolution); TWSE OpenAPI publication 2026-06-27
Hon Hai announced on behalf of major subsidiary Foxteq Holdings Inc.-Cayman a board resolution to distribute a cash dividend of US$26,848,029.50, with a board-resolution date of the 26th day of the 6th month of ROC year 115 (2026-06-26)
F-012 · Confidence: high · Basis: official_statement TWSE #1237923 2317 2026-06-26 (board resolution); TWSE OpenAPI publication 2026-06-27

❓ FAQ

Is Hon Hai's Q2 2026 revenue of NT$2.5133 trillion an "all-time record"?

No. The source frames it as a high versus the second quarters of previous years — the highest for any second quarter on record; up 18.02% QoQ and 39.83% YoY. CNA applies the same framing in all three places: June revenue of NT$821.8 billion was still the highest June on record, Q2 revenue of NT$2.5133 trillion the highest for any second quarter, and January-June revenue of NT$4.6429 trillion the highest January-June total. A high versus the corresponding period and an "all-time record" (versus all periods) are different framings; this card reproduces the source and does not extrapolate (CNA #1329325).

June revenue fell 4.38% month-on-month — does that mean momentum is weakening?

The facts in the source are: June revenue of NT$821.8 billion was down 4.38% from May but up 52.11% year-on-year and still the highest June on record; the source gives no reason for the monthly decline, and this card does not infer one. By category, in June "components and other products" and "cloud and networking products" were roughly flat versus May 2026, while "consumer smart products" and "computer terminal products" declined slightly; all 4 major categories grew strongly from a year earlier. A monthly decline coexisting with a yearly increase reflects signals on two different time scales — monthly fluctuation versus annual momentum (CNA #1329325).

Is Hon Hai's Q3 "up QoQ and YoY" a confirmed number?

No. It is directional guidance: Hon Hai expects AI racks to stay on a growth trend in Q3 and ICT products to enter the second-half peak season, with overall operations up QoQ and YoY — the source contains no Q3 figures at all. Hon Hai itself adds that volatile global political and economic conditions still require continued attention. Whether the guidance materializes awaits the self-compiled monthly revenue to be published later; this card lists it as a P-Unit tracking item (CNA #1329325).

What does "dual verification of volume and price in the AI-server EMS chain" mean?

It means the "volume" on the shipment side (Hon Hai's Q2 2026 revenue of NT$2.5133 trillion, the highest for any second quarter on record) and the "price" on the air-logistics side (EVA Air's AI-related cargo at about 40-50% of its cargo business, US-route average rates above US$10 per kilogram) come from two mutually independent links and point to the same AI-server momentum. Neither article names the other company: the EVA Air report discusses the airline's own cargo business and the overall AI-server air-freight market, without naming Hon Hai. The "dual verification" is this card's market-level parallel framing, not a direct causal or business relationship between the two companies (CNA #1329325, CNA #1253521).

How much is Hon Hai paying in dividends, and why did NT$7.2 become NT$7.17179227?

The shareholders' meeting in late May 2026 approved a cash dividend of NT$7.2 per share, the highest since the 1991 listing; because conversions of overseas unsecured convertible bonds into common shares affected the number of shares outstanding, the board authorized the chairman to adjust the payout rate, and the dividend was adjusted to NT$7.17179227 per share at the ex-dividend date. Hon Hai traded ex-dividend on 2026-07-02, with an opening reference price of NT$241 and an early-session low of NT$238 (down 1.24%); the cash dividend is scheduled for payment on 2026-07-31, totaling NT$100.931 billion. Based on founder Terry Gou's holding of about 1.739 billion shares as of May 2026, CNA's rough estimate puts his dividend at NT$12.47 billion (CNA #1295152).

Who said "more than 1 capital stock for 5 consecutive years" and "AI is the biggest contributor to profits," and how should that be positioned?

That is the company's own phrasing: the group has earned more than 1 capital stock for 5 consecutive years, AI applications are the biggest contributor to the group's record profits, and future profits are targeted at 2 capital stocks per year — the "2 capital stocks" is a target, not a result. The related verifiable numbers: per CNA, calculated against 2025 earnings per share of NT$13.61, the NT$7.2 dividend implies a payout ratio of 52.9%, above 50% for 7 consecutive years. This card separates "filed facts" (ex-dividend, payment date, total), "media-carried calculations" (the 52.9% payout ratio) and "company narrative" (the capital-stock phrasing, the AI attribution) into three labeled layers (CNA #1295152).

What is the story with three major subsidiaries resolving cash dividends on the same day?

Per TWSE material-information filings, Hon Hai announced on behalf of three major subsidiaries board resolutions dated 2026-06-26 to distribute cash dividends: Foxconn (Far East) Limited-Cayman US$1,677,755,566.22; China Galaxy Enterprises Limited-HK US$1,122,654,580.35; Foxteq Holdings Inc.-Cayman US$26,848,029.50. None of the three filings states the recipients or the use of funds, and this card does not infer; nor does it sum the three amounts (the sources give no total). The subsidiaries' resolutions are close in time to the parent's dividend payment on 2026-07-31, but the sources establish no link, and this card only juxtaposes the timeline without causation (TWSE #1237924, TWSE #1237919, TWSE #1237923).

What is the Taiwan-Japan link in this story?

All sources of this card are Taiwan-side (three CNA reports plus three TWSE filings), with no Japan-side source, so no Taiwan-Japan comparison is made, per the "honest comparison, no forced pairing" principle. For Hon Hai's Japan-facing context, see this site's published ANK-2026-04-24-001 (Hon Hai evaluating up to a 50% stake in Mitsubishi Electric's automotive business, at the MOU-evaluation stage) — automotive electronics is a different business line from this card's AI-server revenue line, and this card does not mix their numbers; for the contemporaneous capital moves on the semiconductor-manufacturing side of the AI supply chain, see ANK-2026-07-03-001 (TSMC's US investment, cumulative approvals of US$44 billion) (CNA #1329325). ---

🧠 編輯判斷（J-Units）

"Dual verification of volume and price" — the shipment side (Hon Hai's Q2 2026 revenue of NT$2.5133 trillion, the highest for any second quarter on record, with strong growth in the cloud and networking products category) and the air-logistics side (EVA Air's AI-related cargo at about 40-50% of its cargo business, US-route average rates above US$10 per kilogram) are parallel corroborations of the same AI-server momentum from two mutually independent industry links; neither article names the other company — this is market-level juxtaposition, not inter-company causation
Confidence: medium
The shareholder-return side has a three-layer structure — filed facts (ex-dividend on 2026-07-02, NT$7.17179227 per share, payment on 2026-07-31 totaling NT$100.931 billion), media-carried calculations (a 52.9% payout ratio against 2025 EPS of NT$13.61; CNA's rough estimate of NT$12.47 billion for Terry Gou), and company narrative (more than 1 capital stock for 5 consecutive years; AI as the biggest profit contributor; a 2-capital-stock target); the three layers differ in reliability and framing and should not be conflated when cited
Confidence: medium
Q3's "up QoQ and YoY" is directional guidance, not a number — Hon Hai gave a trend (AI-rack growth, the ICT peak season) and a direction (up QoQ, up YoY) while itself noting the global political-economic variable; June's 4.38% monthly decline coexisting with a 52.11% yearly increase shows monthly fluctuation does not change annual momentum, while also warning against over-reading single-month figures; the "highest for the corresponding period" framing is not an "all-time record"
Confidence: medium

🔮 待驗證假設（P-Units）

Materialization of Hon Hai's Q3 2026 "up QoQ and YoY" guidance — track the self-compiled monthly revenue to be published (July, August, September) and the Q3 cumulative figure, and note the global political-economic variable the company itself flagged
Status: open
Execution of Hon Hai's cash-dividend payment on 2026-07-31 (totaling NT$100.931 billion), and the impact of further conversions of the overseas unsecured convertible bonds on the number of shares outstanding
Status: open
EVA Air's schedule for converting 3 passenger aircraft into freighters (first by end-2026, a 12-aircraft fleet in 2028, with the Israel-based conversion already somewhat delayed) and the subsequent path of US-route rates and the AI-cargo share
Status: open

Verification Record

Editorial selection, human-supervised — Takenouchi Rin (Editor-in-Chief)

Cross-verified by multiple AI models.

Related Analyses