Foxconn Q3 earnings jump 17% to $66.2 billion amid rising Nvidia chip demand

Source Cryptopolitan

China’s Hon Hai (known globally as Foxconn) reported a massive earnings beat for the third quarter on Wednesday, pulling in $66.2 billion in revenue as its profits jumped 17% from last year.

The Taiwanese electronics maker, officially known as Hon Hai Precision Industry, said the growth came mainly from its booming AI server business tied to Nvidia’s chips, which have become the hottest commodity in tech.

Foxconn posted NT$57.67 billion in net profit, easily surpassing forecasts of NT$50.41 billion based on LSEG SmartEstimates, while total revenue reached NT$2.06 trillion, right in line with expectations.

But what Cryptopolitan finds really interesting isn’t that number, it’s where the money’s coming from.

According to the earnings report, Foxconn has quietly turned its focus away from phones and laptops and toward AI infrastructure, manufacturing server racks built to handle complex artificial intelligence workloads.

AI servers overtake iPhones as Foxconn’s new growth engine

Foxconn’s earnings report said the rest of 2025 (the traditional peak season) is expected to maintain strong momentum of demand from AI data centers and ICT products continuing to rise.

Foxconn also warned that exchange rate swings, global inflation, and geopolitical uncertainty still pose risks to future results, but so far, those pressures haven’t slowed its expansion.

Analyst Ivan Lam from Counterpoint Research allegedly told CNBC that Foxconn is “following the cash right now,” using its size and manufacturing dominance to secure more AI server contracts.

Ivan also said Foxconn’s decision to prioritize high-growth server production instead of lower-margin consumer devices “is clearly paying off,” as the company swaps short-term volume for long-term profitability.

The analyst added that despite higher logistics costs and volatile component prices, Foxconn’s fourth-quarter outlook “should remain favorable.”

Foxconn strengthen Nvidia ties, adds robots, and expands global AI factories

Foxconn’s CEO Young Liu confirmed on the earnings call that within the next six months, the company will introduce bipedal robots on its production lines, which is the first time in its five-decade history it will deploy humanoid machines and the first time robots will assemble AI servers for Nvidia.

The company is also working with Nvidia, Stellantis, and Uber to build “Level 4” autonomous vehicles, which can drive without a human safety driver. It’s another sign of how Foxconn’s reach now stretches far beyond iPhones.

On November 6, Foxconn signed a memorandum of understanding with Mitsubishi Electric to jointly deliver energy-efficient AI data center solutions worldwide. The deal includes exploring new business models that merge both companies’ technology and industry know-how.

Meanwhile, Nvidia and Foxconn also announced plans for a new AI-powered smart factory in Houston, calling it a “world-leading benchmark AI facility” that uses Nvidia’s Isaac GR00T N robotics tech. The system allows robots to operate autonomously on the factory floor — a glimpse of how future manufacturing will run almost entirely without humans.

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