Key facts
- Foxconn's third-quarter net profit was T$77.5 billion, or $2.35 billion, for the July to September period.
- The LSEG consensus estimate for the quarter was T$69.6 billion, below the reported figure.
- Foxconn is Nvidia's biggest server maker and Apple's top iPhone assembler, per the report.
Foxconn, the world's largest contract electronics maker, reported a 34% rise in third-quarter net profit on November 12, beating analyst forecasts on continued strong demand for AI, Reuters reported.
Net profit for the July to September period was T$77.5 billion ($2.35 billion), against an LSEG consensus estimate of T$69.6 billion and T$57.7 billion a year earlier. The company is Nvidia's biggest server maker and Apple's top iPhone assembler.
The report did not break out segment results or give company guidance for the fourth quarter.