AI服务器需求强劲！鸿海Q3净利润同比增长17%超预期，营收增长11%

Core Viewpoint - The company is experiencing significant growth driven by strong demand for AI servers, with Q3 net profit reaching NT$576.7 billion (approximately US$18.9 billion), a year-on-year increase of 17%, and revenue growing by 11%, aligning with analyst expectations [1][3][6]. Financial Performance - Q3 net profit was NT$576.7 billion, up 17% year-on-year, while revenue was NT$2.06 trillion, also reflecting an 11% increase, meeting market estimates [6][8]. - Operating profit for the first nine months reached NT$1.7363 trillion, with net profit at NT$1.4414 trillion, and revenue totaling NT$5.5 trillion [8]. AI Business Outlook - The chairman expressed strong confidence in the AI business, predicting significant growth in Q4 revenue both year-on-year and quarter-on-quarter, with this momentum expected to continue into the next year [4][5]. - AI servers are identified as the core growth engine for the company, with expectations of substantial quarter-on-quarter growth in Q4 and strong year-on-year growth [7][8]. Strategic Partnerships and Developments - The company is set to announce specific details of its collaboration with OpenAI next week, indicating a strategic move towards enhancing its AI capabilities [3][7]. - The company has established a complete capability from chip design to assembly in the AI supply chain, aiming to reduce costs and improve delivery efficiency through partnerships with domestic storage manufacturers [8]. Market Position and Competitive Strategy - The company is leveraging its dominant position in contract manufacturing to secure current and future orders, adopting a "profit-driven" strategy that may involve sacrificing some consumer electronics orders for long-term growth [10]. - The company benefits from the recent revenue growth of Apple, its major client, alongside the seasonal demand for ICT products, which complements its AI server business [9].