Major Apple supplier Foxconn expected to report strong Q3 results on AI boom [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Reuters 1 min read In This Article TAIPEI (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker, is expected to report on Thursday that third-quarter profit rose 7% year-on-year on robust demand for artificial intelligence servers. Last month, the company said third-quarter revenue jumped 20% from a year earlier, beating expectations to post its highest-ever revenue for that quarter on strong sales of AI servers. Net profit for July-September for Apple's top iPhone assembler likely came in at T$46.3 billion ($1.43 billion), according to an LSEG consensus estimate of 14 analysts. That would represent a 7.4% increase from the same period a year ago. It would also mark a fifth consecutive quarter of profit growth. Foxconn said last month it was building in Mexico the world's largest manufacturing facility for bundling Nvidia's GB200 superchips, a key component of the U.S. firm's next-generation Blackwell family computing platform. Underscoring Foxc
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