Foxconn Reports Record Q3 Revenue Driven by AI Server Demand

Hon Hai Precision Industry Co., widely known as Foxconn, has announced its third-quarter 2026 revenue of NT$3.03 trillion (approximately US$95.4 billion), marking a significant 47% increase compared to the same quarter last year. This figure surpassed market expectations of NT$2.83 trillion, highlighting the company's strong performance driven by the growing demand for AI infrastructure.

The company reported a net profit of NT$60 billion (around US$1.86 billion), which is a 35% rise year-on-year and exceeded analyst predictions of NT$58 billion. Cumulative revenue from January to August 2026 reached NT$6.51 trillion, nearly 40% higher than the previous year.

AI server-related products accounted for over half of Foxconn's revenue in the second quarter, and this trend continued into the third quarter, with the cloud and networking segment primarily powered by AI servers remaining a key growth driver. Foxconn is recognized as a major assembler for both Apple and Nvidia, and it is Nvidia's primary server manufacturing partner.

Looking ahead, Foxconn anticipates that shipments of AI server racks will more than double by the end of 2026, along with a forecasted doubling of revenue from 800G+ networking switches. As the world's largest electronics contract manufacturer, Foxconn's results serve as a barometer for AI infrastructure spending, sitting between chip designers and data centers.