Hon Hai's October revenue reached 1.31 trillion TWD, up 46% year-on-year

Foxconn reported a 46% year-on-year increase in October revenue, reaching TWD 1.31 trillion (approximately USD 39.7 billion), reflecting the continued advancement of global AI infrastructure and sustained strong market demand for Nvidia servers. Analysts Steven Tseng and Rebecca Wang stated that Foxconn is expected to maintain its strong growth momentum in the fourth quarter. September revenue rose 38% year-on-year to a record TWD 1.16 trillion, driving third-quarter revenue up 47% to TWD 3.03 trillion, surpassing market expectations by 7%. The cloud computing and networking business became the primary growth driver again, boosted by robust AI server demand; computing products and component businesses also saw strong growth. Despite an increase in average iPhone selling prices, consumer electronics revenue remained flat, further highlighting that AI has become the company’s core growth engine. With a gradual ramp-up in Vera Rubin shipments and seasonal tailwinds in the IT industry, Foxconn’s growth momentum is expected to extend into the fourth quarter.