Key points
- Foxconn posted record monthly sales of $36.5 billion
- Third-quarter sales beat estimates
- Fourth-quarter outlook calls for results "in line" with expectations
Hon Hai Precision Industry (HNHPF), better known as Foxconn, reported record September sales of NT$1.16 trillion (about $36.5 billion) on Oct. 5, up 38% from a year earlier. It was the first time monthly sales exceeded NT$1 trillion.
Third-quarter sales reached NT$3.03 trillion (about $95.4 billion), up 47% from a year earlier and 20% from the previous quarter. That beat an LSEG SmartEstimate of NT$2.83 trillion (about $89.2 billion), Reuters reported. Foxconn builds AI servers for Nvidia (NVDA) and its customers.
AI servers led the quarter
In September, Hon Hai's cloud and networking division, which includes AI servers, grew strongly from a year earlier, along with components and computing products, the company said, according to Taiwan's Central News Agency. Smart consumer electronics, which includes iPhone assembly for Apple (AAPL), was roughly flat from a year earlier.
All four divisions grew from August. Hon Hai said consumer electronics rose strongly as new products launched in September. Analysts named Hon Hai one of the largest beneficiaries of Apple's iPhone 18 launch last month, Focus Taiwan reported.
For the full quarter, cloud and networking, components, and computing products grew strongly from a year earlier, and consumer electronics grew significantly, according to the company.
Hon Hai's fourth-quarter outlook says "in line"
Hon Hai expects its AI business to keep growing in the fourth quarter. Along with the traditional peak season for electronics, that should "support overall performance in line with current market expectations," the company said, according to Reuters. It added that "it remains necessary to monitor the impact of a volatile global political and economic environment."
The wording differs from the third-quarter outlook Hon Hai gave in September. In its August sales report, released Sept. 5, Hon Hai said third-quarter performance was "anticipated to exceed market expectations." The company doesn't give numerical forecasts.
The stock has lagged Taiwan's market
Hon Hai shares closed at NT$254 in Taipei on Oct. 5, up 1.2%, before the sales figures came out. Taiwan's benchmark Taiex rose 2.6% the same day. Hon Hai stock is up about 10% this year, while the Taiex is up about 72%.
Hon Hai reports full third-quarter results on Nov. 12.
Dollar figures converted at 31.715 New Taiwan dollars to the dollar, the Yahoo Finance rate on Oct. 5, 2026.
