Foxconn Posts Record Profit on AI Demand

5 sourcesUpdated Nov 12, 20261 min read

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Foxconn reported record third-quarter profit of NT$77.5 billion, up 34% from a year earlier and above analyst expectations, as strong demand for AI servers boosted revenue. The company, long known for assembling Apple devices, has expanded into AI servers and related infrastructure for Nvidia, making AI a central growth driver. Chairman Young Liu expects strong revenue growth in 2026 and high double-digit growth in AI rack shipments in 2027, while warning that shortages of chips, memory and other components could keep supply tight. The expansion also leaves Foxconn exposed to a potential slowdown in data-center investment, while the facilities’ heavy electricity and water use is drawing environmental concerns.

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