Foxconn’s Q3 revenue tops estimates as AI server demand surges

The company best known for assembling iPhones is increasingly a company that builds AI. Hon Hai Precision Industry Co., better known as Foxconn, reported third-quarter 2026 revenue of NT$3.03 trillion (approximately US$95.4 billion). That is a 47% jump from the same quarter last year. It also cleared the market’s estimate of NT$2.83 trillion by a comfortable margin. The reason is no mystery. Cloud service providers kept raising their capital expenditures on AI infrastructure, and Foxconn is one of the main places that money lands. The numbers behind the beat In the second quarter of 2026, Foxconn reported revenue of NT$2.53 trillion, up 41% year-on-year. So growth did not just continue. It accelerated, from 41% to 47%. The second quarter was already a strong showing on the bottom line. Net profit hit a record NT$60 billion (approximately US$1.86 billion), up 35% from a year earlier. That figure topped the NT$58 billion analysts had expected. Cumulative revenue from January through August 2026 reached a record NT$6.51 trillion, nearly 40% higher than the same stretch a year earlier. AI servers now carry the business AI server-related products accounted for more than half of Foxconn’...