Foxconn reported third-quarter net profit climbed 17% to NT$57.7 billion ($1.86 billion), beating analyst estimates of NT$50.4 billion, as the world’s largest contract electronics manufacturer capitalizes on surging demand for artificial intelligence servers.
Revenue rose 11% to NT$2.06 trillion ($66.3 billion) in the three months through September, matching expectations. The company posted record quarterly earnings per share of NT$4.15, up from NT$3.55 a year earlier.
Chairman Young Liu said the Taiwanese manufacturer expects significant year-on-year revenue growth in the fourth quarter and maintained its full-year outlook for substantial expansion. The company upgraded its forecast for consumer smart products from a slight decline to flat performance.
AI server rack shipments surged 300% quarter-on-quarter, with cumulative AI server revenue reaching the trillion-dollar mark ahead of the company’s internal timeline. Foxconn’s cloud and networking division now represents 42% of total revenue, overtaking its traditional consumer electronics business.
Liu expressed optimism about 2026 prospects, citing AI industry development as the most positive factor despite monitoring geopolitical tensions and currency fluctuations. The company expects its AI server market share to exceed 40% by 2026.
The manufacturer has expanded beyond traditional iPhone assembly work, partnering with Nvidia on supercomputing centers and autonomous vehicle development with Stellantis and Uber. Foxconn announced it will reveal details about an OpenAI collaboration at its tech day next week.
