Foxconn reported quarterly revenue that exceeded expectations on Monday, indicating ongoing and increased investment in global AI infrastructure.
The company, formerly known as Hon Hai Precision Industry Co. reported a 47% jump in third-quarter revenue year-on-year.
Revenue for July-September was $95.4 billion (T$3.03 trillion), boosted by strong AI demand.
Foxconn also saw significant revenue growth in its cloud and networking division and smart consumer electronics, including iPhones.
September revenue alone rose 38% year-on-year to T$1.16 trillion, a record for a single month and the first time it has surpassed T$1 trillion on a monthly basis.
AI-related operations are expected to continue growing in the fourth quarter, the company said Monday. Moving forward, Foxconn expects “overall performance in line with current market expectations,” adding that “it remains necessary to monitor the impact of a volatile global political and economic environment”.
Foxconn, a Nvidia partner, will report full third-quarter earnings on November 12.
So far in 2026, the company’s shares have increased by 10%.
Shares rose 1.2% on Monday following the earnings announcement.
By CEO NA Editorial Staff
