Foxconn's Third-Quarter Profit Rises on AI Server Demand
Foxconn, the world's largest contract electronics manufacturer, increased its third-quarter net profit by 34 percent year-on-year to 77.5 billion Taiwan dollars, driven by strong demand for AI servers.
Taiwanese tech giant Foxconn has announced its financial results for the third quarter, covering the July-September 2026 period. Driven by AI server demand fueled by global data center investments, the company increased its net profit to 77.5 billion Taiwan dollars (2.4 billion US dollars), surpassing analysts' expectations of 70.3 billion Taiwan dollars.
The company's revenue reached 7.7 trillion Taiwan dollars, marking a 39 percent increase compared to the same period last year. Foxconn management stated that profitability continues to improve and that market demand for AI servers remains strong.
Known for iPhone production, the company is strategically expanding its operations to focus on producing AI servers for Nvidia, electric vehicles, and robotic systems. The long-standing partnership between Foxconn and Nvidia also includes a project to build an AI factory supercomputer in Taiwan.
Sources
- sg.finance.yahoo.com · Link