Foxconn Q3 profit jumps 34% on AI server demand, beats forecasts
Foxconn's third-quarter profit rose 34 percent, beating analyst estimates, because AI server demand kept Nvidia's biggest contract server maker growing into a year when that demand is the single most contested number in tech. Net profit came to T$77.5 billion, or about $2.35 billion, for the July to September period, above the LSEG consensus of T$69.6 billion and up from T$57.7 billion a year earlier, the company reported Thursday.
Key Takeaways Foxconn Q3 net profit rose 34% to T$77.5 billion ($2.35 billion), beating the T$69.6 billion consensus. The company stuck to "strong" revenue growth for this year and expects "high double digit growth" in AI rack shipments in 2027. Foxconn, formally H…
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