Foxconn beats estimates with record Q3 revenue on AI demand

Taiwan's Foxconn reported its highest-ever revenue for the third quarter, driven by strong demand for AI servers. The revenue rose 20.2% year on year, reaching T$1.85 trillion. Strong AI server demand boosted its cloud and networking division, while smart consumer electronics saw significant quarter-on-quarter growth. Foxconn expects continued momentum in the fourth quarter.