Nvidia partner Foxconn posts 47% Q3 sales jump to $95.4 billion
AI Market Summary
Foxconn (Hon Hai), a key Nvidia server-assembly partner, reported Q3 sales up 47% y/y, beating expectations, with record September revenue exceeding NT$1 trillion. The results reinforce evidence that AI cloud infrastructure capex remains resilient despite overcapacity and regulatory concerns, aligning with recent strong AI-linked guidance across the supply chain. Near-term, this supports sentiment toward Nvidia and broader AI hardware demand visibility.
Impact level
● Medium
Affected assets
NCSKNVDA2USD/USDT+1.50%
AI Insight · NCSKNVDA2USD/USDTAI Insight
▲ Bullish
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Hon Hai Precision Industry (Foxconn), a partner of Nvidia, said third-quarter sales rose 47% year on year to $95.4 billion, beating the market estimate of $89 billion. September revenue climbed 38% from a year earlier to NT$1.16 trillion, marking the company’s first month above NT$1 trillion. Bloomberg Intelligence expects Hon Hai’s revenue and earnings to sustain 25%–35% growth over the next few years, driven by demand for AI infrastructure.
