{"id":104095,"date":"2025-10-05T14:43:09","date_gmt":"2025-10-05T14:43:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/104095\/"},"modified":"2025-10-05T14:43:09","modified_gmt":"2025-10-05T14:43:09","slug":"foxconns-third-quarter-revenue-hits-record-misses-market-forecast","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/104095\/","title":{"rendered":"Foxconn\u2019s third-quarter revenue hits record, misses market forecast"},"content":{"rendered":"<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">[TAIPEI] Taiwan\u2019s Foxconn, the world\u2019s largest contract electronics maker, reported record third-quarter revenue on strong demand for artificial intelligence (AI) products, though it missed the market forecast and offered caution about exchange rates.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Revenue for Nvidia\u2019s biggest server maker and Apple\u2019s top iPhone assembler jumped 11 per cent from the same quarter last year to T$2.057 trillion (S$87 billion), Foxconn said in a statement on Sunday (Oct 5).<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">While that was below the T$2.134 trillion that LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more consistently accurate, Foxconn said the result was better than expected.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">On a US dollar basis, Foxconn said third quarter revenue rose 16.1 per cent on year. The Taiwan dollar has strengthened some 8 per cent so far this year against the greenback.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Strong AI demand led to robust revenue growth for its cloud and networking products division. Smart consumer electronics, which includes iPhones, posted a slight revenue decline, affected by exchange rates, the company said.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">September revenue rose 14.2 per cent on year to T$837.1 billion, a record for that month.<\/p>\n<p>BT in your inbox<img loading=\"lazy\" decoding=\"async\" alt=\"Newsletter Img\" class=\"hidden h-auto max-w-full self-start min-[321px]:block\" width=\"75\" height=\"75\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/08\/generic_newsletter-CGny2zps.png\"\/><\/p>\n<p role=\"description\" class=\"mb-3 font-public-sans text-base font-light tracking-normal text-gray-850 md:text-lg\">Start and end each day with the latest news stories and analyses delivered straight to your inbox.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Operations are expected to \u201cmaintain sequential quarterly growth as AI server shipments continue to ramp up in the fourth quarter\u201d and due to the traditional peak season ahead of year-end holidays in major Western markets, the company said.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">\u201cHowever, the impact of the global political and economic situation and exchange rate fluctuations will need continued close monitoring,\u201d it added, without elaborating.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Foxconn, formally called Hon Hai Precision Industry, does not provide numerical forecasts. It will report third quarter earnings on Nov 12.<\/p>\n<p class=\"mb-6 border-b border-gray-250 pb-4 font-poppins text-4xs font-medium tracking-widest text-gray-515\">SEE ALSO<\/p>\n<p><a class=\"block h-full w-full\" href=\"https:\/\/www.businesstimes.com.sg\/companies-markets\/telcos-media-tech\/tsmcs-rise-push-taiwan-past-south-korea-key-wealth-gauge?ref=article-see-also\" data-discover=\"true\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"relative z-10 h-full w-full object-cover\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/10\/b27993e5a979c50d3dbcfbd4c41e5894cb6531c0a0ef4626705c9ea2762cdd79\" alt=\"Taiwan\u2019s dominance in products underpinning AI development has created boom times for its exports, which exceeded those of South Korea in August for the first time. \" width=\"2000\" height=\"1334\"\/><\/a><\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Foxconn\u2019s shares have risen 23 per cent this year, outperforming the 16 per cent rise for the Taiwan market.  <\/p>\n","protected":false},"excerpt":{"rendered":"[TAIPEI] Taiwan\u2019s Foxconn, the world\u2019s largest contract electronics maker, reported record third-quarter revenue on strong demand for artificial&hellip;\n","protected":false},"author":2,"featured_media":104096,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[79,18,19,17,188],"class_list":{"0":"post-104095","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-eire","10":"tag-ie","11":"tag-ireland","12":"tag-markets"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/104095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=104095"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/104095\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/104096"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=104095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=104095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=104095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}