one18

Stories

Foxconn Third-Quarter Revenue Surges 47% on Strong AI Demand
C
CNBC TV18•05-10-2026, 15:40
Foxconn Third-Quarter Revenue Surges 47% on Strong AI Demand
  • •Foxconn reported a 47% year-on-year jump in third-quarter revenue to T$3.03 trillion, beating market estimates.
  • •The surge was primarily fueled by strong demand for artificial intelligence-related products, boosting its cloud and networking division.
  • •September revenue hit a record T$1.16 trillion, marking the first time monthly revenue surpassed T$1 trillion.
  • •The company expects AI operations to continue growing in the fourth quarter, supporting overall seasonal performance.
  • •Full third-quarter earnings are scheduled to be reported on November 12.
Read Full Article on CNBC TV18 in English

Key Questions Answered

Foxconn reported a 47% jump in third-quarter revenue year-on-year to T$3.03 trillion ($95.4 billion), comfortably beating the LSEG SmartEstimate of T$2.83 trillion.

The robust performance was largely fuelled by strong artificial intelligence-related demand, which drove high revenue growth for its cloud and networking products division alongside significant growth in smart consumer electronics like iPhones.

Foxconn, formally known as Hon Hai Precision Industry, is set to report its full third-quarter earnings on November 12.

Similar Stories

Nifty Outlook: 23,000 Holds Key Amid Broad Market Concerns

Nifty Outlook: 23,000 Holds Key Amid Broad Market Concerns

C
CNBC TV18
Representational image (Image: News18)

IPOs Shatter Records: Rs 94,205 Crore Raised in H1 FY27, Up 35% From Last Year

N
News18
Advance Business Index shows a rebound in September

Moneycontrol Index Rises in September on Stronger Manufacturing and Services

M
Moneycontrol
BNP Paribas Predicts Muted IT Earnings and Guidance Resets for Largecaps

BNP Paribas Predicts Muted IT Earnings and Guidance Resets for Largecaps

C
CNBC TV18
US markets rally US stock markets opened higher on Wednesday, August 5, with the S&P 500 and Dow Jones Industrial Average hitting fresh intraday record highs as strong corporate earnings and optimism over a potential reopening of the Strait of Hormuz boosted investor sentiment. The S&P 500 gained 0.6%, while the Dow rose over 500 points, or 1%. The Nasdaq Composite added 0.4%. Walt Disney and Eli Lilly advanced after strong earnings, while SpaceX and AMD declined despite beating estimates.

Nasdaq Hits Record High, Dow Underperforms Amid AI Concerns and Cooling Oil Prices

C
CNBC TV18
Nifty's Winning Streak Ends: 23,500 Remains Key Hurdle After Tuesday's Decline

Nifty's Winning Streak Ends: 23,500 Remains Key Hurdle After Tuesday's Decline

C
CNBC TV18