{"id":277971,"date":"2025-11-12T07:05:07","date_gmt":"2025-11-12T07:05:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/277971\/"},"modified":"2025-11-12T07:05:07","modified_gmt":"2025-11-12T07:05:07","slug":"nvidia-supplier-foxconn-third-quarter-profit-beats-expectations-rising-17-on-ai-demand","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/277971\/","title":{"rendered":"Nvidia supplier Foxconn third-quarter profit beats expectations, rising 17% on AI demand"},"content":{"rendered":"

Foxconn Chairman Young Liu delivers a speech during the Hon Hai Tech Day in Taipei on Oct. 18, 2023.<\/p>\n

I-hwa Cheng | AFP | Getty Images<\/p>\n

Foxconn, the world’s largest contract electronics maker, reported Wednesday that its third-quarter profit jumped 17% from a year earlier.<\/p>\n

Here’s how 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

Revenue: $2.06 trillion New Taiwan dollars ($66.29 billion) vs. NT$2.06 trillion expectedNet profit: NT$57.67 billion vs. NT$50.41 billion<\/p>\n

Foxconn, formally known as Hon Hai Precision Industry, is best known as the world’s largest manufacturer of Apple<\/a>‘s iPhones, but has been shifting into other business avenues, including AI.<\/p>\n

The firm manufactures server racks designed for AI workloads and has become a key partner to American AI chip darling Nvidia<\/a>.<\/p>\n

Foxconn’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

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 “follow the cash” \u2014 a strategy that naturally involves sacrificing some consumer electronics orders.<\/p>\n

He added that Foxconn’s pivot toward high-growth server manufacturing “is clearly paying off,” even as it trades parts of its consumer electronics footprint for longer-term momentum.<\/p>\n

While component price volatility, currency swings, and logistics challenges can pressure margins, Lam said he expects Foxconn’s fourth-quarter results to “remain favorable.”<\/p>\n

This is breaking news, please refresh for updates<\/p>\n","protected":false},"excerpt":{"rendered":"Foxconn Chairman Young Liu delivers a speech during the Hon Hai Tech Day in Taipei on Oct. 18,…\n","protected":false},"author":2,"featured_media":277972,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,7175,276,277,4989,2158,161,49,48,126859,43235,1369,1382,61],"class_list":["post-277971","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-apple-inc","tag-artificial-intelligence","tag-artificialintelligence","tag-asia-economy","tag-breaking-news-technology","tag-business-news","tag-ca","tag-canada","tag-earnings-announcements","tag-hon-hai-precision-industry-co-ltd","tag-nvidia-corp","tag-taiwan","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/277971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=277971"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/277971\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/277972"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=277971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=277971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=277971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}