{"id":373365,"date":"2025-11-12T07:03:12","date_gmt":"2025-11-12T07:03:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/373365\/"},"modified":"2025-11-12T07:03:12","modified_gmt":"2025-11-12T07:03:12","slug":"nvidia-supplier-foxconn-third-quarter-profit-beats-expectations-rising-17-on-ai-demand","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/373365\/","title":{"rendered":"Nvidia supplier Foxconn third-quarter profit beats expectations, rising 17% on AI demand"},"content":{"rendered":"<p>Foxconn Chairman Young Liu delivers a speech during the Hon Hai Tech Day in Taipei on Oct. 18, 2023.<\/p>\n<p>I-hwa Cheng | AFP | Getty Images<\/p>\n<p>Foxconn, the world&#8217;s largest contract electronics maker, reported Wednesday that its third-quarter profit jumped 17% from a year earlier.<\/p>\n<p>Here&#8217;s how <a href=\"https:\/\/www.cnbc.com\/quotes\/2317-TW\/\" target=\"_blank\" rel=\"noopener\">Foxconn<\/a> did in the September quarter compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:<\/p>\n<ul>\n<li>Revenue: $2.06 trillion New Taiwan dollars ($66.29 billion) vs. NT$2.06 trillion expected<\/li>\n<li>Net profit: NT$57.67 billion vs. NT$50.41 billion<\/li>\n<\/ul>\n<p>Foxconn, formally known as Hon Hai Precision Industry, is best known as the world&#8217;s largest manufacturer of <a href=\"https:\/\/www.cnbc.com\/quotes\/AAPL\/\" target=\"_blank\" rel=\"noopener\">Apple<\/a>&#8216;s iPhones, but has been shifting into other business avenues, including AI.<\/p>\n<p>The firm manufactures server racks designed for AI workloads and has become a key partner to American AI chip darling <a href=\"https:\/\/www.cnbc.com\/quotes\/NVDA\/\" target=\"_blank\" rel=\"noopener\">Nvidia<\/a>.<\/p>\n<p>Foxconn&#8217;s server manufacturing business is currently in a strong growth phase, underpinned by robust demand, Ivan Lam, a senior analyst at Counterpoint Research, told CNBC.<\/p>\n<p>The company is leveraging its dominance in contract manufacturing to secure both current and future orders, Lam said, describing it as a clear case of &#8220;follow the cash&#8221; \u2014 a strategy that naturally involves sacrificing some consumer electronics orders.<\/p>\n<p>He added that Foxconn&#8217;s pivot toward high-growth server manufacturing &#8220;is clearly paying off,&#8221; even as it trades parts of its consumer electronics footprint for longer-term momentum.<\/p>\n<p>While component price volatility, currency swings, and logistics challenges can pressure margins, Lam said he expects Foxconn&#8217;s fourth-quarter results to &#8220;remain favorable.&#8221;<\/p>\n<p><strong>This is breaking news, please refresh for updates<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Foxconn Chairman Young Liu delivers a speech during the Hon Hai Tech Day in Taipei on Oct. 18,&hellip;\n","protected":false},"author":3,"featured_media":373366,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[691,4960,738,8000,11732,81,168472,117287,147,30723,158,67,132,68],"class_list":{"0":"post-373365","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-apple-inc","10":"tag-artificial-intelligence","11":"tag-asia-economy","12":"tag-breaking-news-technology","13":"tag-business-news","14":"tag-earnings-announcements","15":"tag-hon-hai-precision-industry-co-ltd","16":"tag-nvidia-corp","17":"tag-taiwan","18":"tag-technology","19":"tag-united-states","20":"tag-unitedstates","21":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115535452751667601","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/373365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=373365"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/373365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/373366"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=373365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=373365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=373365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}