Key facts
- Foxconn's third-quarter revenue increased 47% year-on-year to T$3.03 trillion ($95.39 billion).
- The revenue beat market forecasts, with LSEG SmartEstimate at T$2.83 trillion.
- Third-quarter profit rose 17% year-on-year to $1.89 billion.
- Cloud and networking products, driven by AI servers, represented 42% of total revenue.
- Foxconn expects significant growth in the fourth quarter of 2025.
- The company maintains a significant growth outlook for the full year 2025.
Taiwan's Foxconn, a major contract electronics maker and Nvidia's largest server supplier, announced on Monday that its third-quarter revenue surged 47% year-on-year to T$3.03 trillion ($95.39 billion), exceeding market forecasts. This growth was primarily fueled by strong demand for AI-related products.
The company's profit for the July-September period also saw a significant increase, rising 17% year-on-year to $1.89 billion, surpassing consensus estimates. Cloud and networking products, which include AI servers and networking gear, became the largest segment of Foxconn's revenue, accounting for 42% of the total. This marks the second consecutive quarter where this segment has surpassed smart consumer electronics, such as iPhones.
Foxconn's Chairman, Young Liu, maintained the company's outlook for significant growth for the full year 2025 and expressed optimism for 2026, particularly citing the development of the AI industry as a key positive factor. The company is also expanding its manufacturing capabilities, with new factories in Mexico and Texas to support AI server production. Foxconn sold its Lordstown, Ohio electric-vehicle factory for $375 million to reallocate assets towards higher-margin infrastructure projects.
The company has also been diversifying its assembly locations, shifting most U.S.-bound iPhone assembly to India while continuing to use China as its primary assembly hub. Foxconn's stock has seen a 36% increase year-to-date in 2025.