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Nvidia supplier Foxconn third-quarter profit beats expectations, rising 17% on AI demand
CNBCยท 2025-11-12 06:36
Core Insights - Foxconn, the world's largest contract electronics manufacturer, reported a 17% increase in third-quarter profit compared to the previous year [1] - The company is diversifying its business beyond manufacturing iPhones, with a focus on AI-related ventures [1][2] Financial Performance - Revenue for the third quarter was NT$2.06 trillion (approximately $66.29 billion), matching expectations [3] - Net profit reached NT$57.67 billion, exceeding the forecast of NT$50.41 billion [3]