Foxconn third-quarter profit rises 34 percent, beats forecasts

Foxconn's third-quarter net profit rose 34 percent from a year earlier to T$77.5 billion, beating the LSEG consensus of T$69.6 billion, and the company forecast high double-digit growth in AI rack shipments in 2027.

Why it matters: Foxconn is Nvidia's biggest AI server maker and Apple's top iPhone assembler, so a profit beat built on AI demand, with strong growth guided into 2027, is a direct read on the AI hardware buildout's order book.

Data as of Reuters report of November 12, 2026 from Taipei, read in full, reporting Foxconn's earnings release of the same day; consensus is the LSEG estimate carried in the report. Single wire source, graded accordingly. Developing item.

Foxconn, the world’s largest contract electronics maker, reported third-quarter net profit of T$77.5 billion ($2.35 billion) on Thursday, up 34 percent from T$57.7 billion a year earlier and ahead of the LSEG consensus estimate of T$69.6 billion, on continued strong AI demand. The company, formally Hon Hai Precision Industry, stuck to its forecast of strong revenue growth this year and said it expects high double-digit growth in AI rack shipments in 2027.

The result follows a 47 percent year-on-year jump in third-quarter revenue reported in October. Foxconn shares closed 0.8 percent lower on Thursday ahead of the release, and the company holds its earnings call later on Thursday in Taipei.

Foxconn third-quarter profit rises 34 percent, beats forecasts

Sources