Nvidia supplier Foxconn third-quarter profit beats expectations, rising 17% on AI demand

Nvidia and Apple supplier Foxconn posts 17% rise in third-quarter profit

Net profit for Nvidia’s biggest server maker and Apple’s top iPhone assembler hits US$1.89 billion, higher than US$1.62 billion estimate.

Taiwanese electronics firm Foxconn’s Q3 profit rises 17%, beats forecasts

Taiwanese electronics firm Foxconn’s Q3 profit rises 17%, beats forecasts

Taiwanese Electronics Firm Foxconn's Q3 Profit Rises 17%, Beats Forecasts

Taiwanese electronics firm Foxconn's Q3 profit rises 17%, beats forecasts

Taiwan's Foxconn, the world's largest contract electronics maker, posted a 17% rise in third-quarter profit on Wednesday, beating market forecasts, on sustained strength in demand for artificial intelligence servers.

Nvidia supplier Foxconn third-quarter profit beats expectations, rising 17% on AI demand

Foxconn, the world's largest contract electronics maker, reported Wednesday that its third-quarter profit jumped 17% from a year earlier.

Foxconn's Q3 Revenue and AI Impact - PressReach

Foxconn, also known as Hon Hai Precision Industry, recently reported a decline in its third-quarter revenue, citing challenges in the artificial intelligence and smartphone sectors. The company’s performance was impacted by a slowdown in demand from major clients like Apple and Nvidia. As a leading assembler of Apple products, Foxconn’s results are often seen as a barometer of the tech giant’s supply chain health. Nvidia, renowned for its graphi…