Foxconn Q3 net profit up 34% on AI server demand

On November 12, 2026, Hon Hai Precision Industry reported its results for the third quarter ended in September. Net profit climbed 34% year on year to NT$77.5 billion, roughly $2.4 billion, beating the analyst consensus of NT$70.3 billion. The company had previously disclosed that quarterly revenue rose 47% to a record NT$3.03 trillion.

On the demand side, AI server assembly has become Hon Hai's single largest growth engine, with demand for Apple's foldable iPhone Duo also providing support. Chairman Liu Young-way said shortages of memory chips and components will persist into 2027, forecasted double-digit revenue growth for 2027, and confirmed that the company will sell more servers to Neocloud in 2027. Hon Hai also raised its performance expectations for its four main product categories and described its 2027 outlook as cautiously optimistic.

At the same time, the ongoing fallout from the extramarital scandal involving NVIDIA chief executive Jensen Huang has raised doubts among investors about the global AI infrastructure buildout, leaving Hon Hai, a core server assembly partner for NVIDIA, exposed to potential uncertainty. Concerns over a slowdown in AI capital expenditure have also continued to weigh on the stock, which has dropped more than 20% from its June high, with market value shrinking to just over $100 billion. The situation now stands at this stage: a strong earnings report set against continuing market caution.