Particle.news
Download on the App Store

Foxconn Q3 Profit Jumps 17% to Beat Forecasts on AI Server Strength

Rising demand for AI infrastructure is validating the company’s push beyond iPhone assembly.

Overview

  • Net profit for July–September rose to NT$57.67 billion, topping LSEG’s NT$50.4 billion consensus.
  • Quarterly revenue came in at NT$2.06 trillion, matching market expectations.
  • AI-driven cloud and networking sales outpaced smart consumer electronics for a second consecutive quarter.
  • Foxconn said it expects significant year-on-year revenue growth in the fourth quarter, with AI server revenue increasing quarter on quarter.
  • The company is a key server supplier to Nvidia and remains Apple’s top iPhone assembler, with new AI server factories underway in Mexico and Texas.