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Foxconn beats third-quarter profit forecasts on AI boom and iPhone Duo demand

Hon Hai Precision Industry beat analyst estimates for third-quarter profit as booming artificial intelligence demand and interest in the $2,000 iPhone Duo powered double-digit earnings growth.

Hon Hai Precision Industry, traded globally as Foxconn, posted third-quarter earnings that surpassed analysts' expectations, powered by soaring global artificial intelligence spending and strong consumer interest in the $2,000 iPhone Duo, according to Bloomberg.[4][5]

The manufacturer saw significant top- and bottom-line expansion during the quarter. Bloomberg reported revenue surged 47% year-over-year to roughly $95.4 billion, with net income advancing 34% to about $2.4 billion. Wall St Engine reported revenue grew 46% to $91.5 billion while net profit rose 34% to $2.35 billion, comfortably ahead of the $2.11 billion anticipated by analysts. An AFP News report shared by Wall St Engine also confirmed the company's third-quarter profit beat.[2][3][5]

The company also lifted its full-year expectations across all four business units. As Nvidia's largest server partner, Foxconn forecast high double-digit shipment growth for AI server racks in 2027 and predicted strong sales momentum heading into next year. On the mobile front, 9to5Mac highlighted a Bloomberg projection estimating 16 million iPhone Duo sales.[1][3][5]

Key facts

  • Hon Hai Precision Industry (Foxconn) reported third-quarter profit that exceeded analyst estimates.
  • The quarterly earnings beat was driven by soaring AI spending and consumer demand for the $2,000 iPhone Duo.
  • Bloomberg reported Q3 revenue jumped 47% to around $95.4 billion, while Wall St Engine reported revenue rose 46% to $91.5 billion.
  • Foxconn's net profit rose 34% to $2.35 billion (approximately $2.4 billion), topping the expected $2.11 billion.
  • Foxconn upgraded its full-year outlook across all four of its business segments.
  • The company expects high double-digit shipment growth for AI server racks in 2027 and predicted strong 2027 sales.
  • Bloomberg forecasts 16 million iPhone Duo unit sales.

Sources · 5 sources

  1. 9T

    9to5Mac@9to5macPost on X ·

    Foxconn revenue climbs 46%; Bloomberg forecasts 16M iPhone Duo sales https://t.co/e8GNqVmgBr by @benlovejoy

    Open source
  2. TE

    Techmeme@TechmemePost on X ·

    Foxconn reports Q3 revenue up 47% YoY to ~$95.4B, net income up 34% to ~$2.4B, above est., driven by AI and iPhone Duo demand, and forecasts strong 2027 sales (@gaoyuan86 / Bloomberg) (Visit Techmeme dot com for the link and full context!)

    Open source
  3. WS

    Wall St Engine@wallstenginePost on X ·

    Nvidia's biggest server partner Foxconn beats Q3 profit estimates and raises its full-year outlook across all four segments. Revenue jumped 46% to $91.5B, while net profit rose 34% to $2.35B vs. $2.11B expected. Expects high double-digit AI server rack shipment growth in 2027. https://t.co/VktyKJRWWn

    Open source
  4. BL

    Bloomberg@businessPost on X ·

    Hon Hai Precision Industry posted a quarterly profit that beat analysts’ estimates, driven by the AI boom and strong consumer demand for the $2,000 iPhone Duo. https://t.co/Yf4oo9Kufn

    Open source
  5. TE

    TechmemeArticle ·

    Foxconn reports Q3 revenue up 47% YoY to ~$95.4B, net income up 34% to ~$2.4B, above est., driven by AI and iPhone Duo demand, and forecasts strong 2027 sales (Gao Yuan/Bloomberg) Gao Yuan / Bloomberg : Foxconn reports Q3 revenue up 47% YoY to ~$95.4B, net income up 34% to ~$2.4B, above est., driven by AI and iPhone Duo demand, and forecasts strong 2027 sales — Hon Hai Precision Industry Co. predicted strong sales growth for next year due to soaring worldwide AI spending after earning a quarterly profit that beat estimates.

    Open source