According to reports, Hon Hai Precision Industry (also known as Foxconn) saw its October revenue surge again, reflecting continued robust demand for NVIDIA (NVDA.US) servers amid the global artificial intelligence (AI) infrastructure wave.
Data shows that the company's monthly revenue rose to NT$1.305 trillion (US$39.7 billion), up 45.73% year-on-year and 12.66% month-on-month, setting a new record for monthly revenue in the company's history. In US dollar terms, October revenue grew 39.7% year-on-year and 11.4% month-on-month.
The previous second-highest monthly revenue was NT$1.16 trillion in September of this year, while the same period last year (October 2025) was NT$895.7 billion.
Cumulatively, revenue for the first ten months of 2026 reached NT$8.975 trillion, up 40.40% year-on-year (38.4% in US dollar terms), also setting a record high for the same period in history; the first ten months of last year totaled NT$6.393 trillion.
By product category (month-on-month), the consumer intelligence product category showed strong growth driven by restocking momentum and rising shipment prices; the computer terminal product category grew significantly benefiting from new product restocking momentum; the components and other product category grew notably driven by increased core components and other revenue; the cloud and networking product category, while maintaining strong AI-related demand, declined slightly due to foundry model transitions, supply constraints, and initial ramp-up of new model production.
Year-on-year, the cloud and networking product category showed strong growth driven by AI product restocking momentum; the consumer intelligence product category, components and other product category, and computer terminal product category all showed strong growth, with computer terminals benefiting from rising shipment prices and restocking momentum.
Over the past two years, the global data center construction boom has boosted Foxconn's financial performance. Investors use the company's sales data to assess the state of the AI industry - but currently, the industry is increasingly weighed down by concerns over overcapacity, rising debt, and regulation.
Dragged by recent tech stock volatility, Foxconn's year-to-date gains have largely retraced, with the stock up only 2% so far this year.
For now, Foxconn still derives a considerable portion of its revenue from contract manufacturing for Apple (AAPL.US), which carries lower margins. Foxconn is the primary assembler of iPhones, with assembly bases in mainland China and India; meanwhile, Apple is actively diversifying its supply chain, with manufacturers such as Luxshare Precision also taking on related orders.
Looking ahead to the fourth quarter, Foxconn expects AI-related operations to continue growing, which, combined with the traditional peak season effect for information and communication technology (ICT) products in the second half, is expected to support overall operational performance in line with current market expectations; however, the company noted that it still needs to continuously monitor the impact of global political and economic fluctuations.
Analysts Steven Tseng and Rebecca Wang stated that after September revenue grew 38% year-on-year to a record NT$1.16 trillion, driving third-quarter sales up 47% to NT$3.03 trillion (beating consensus expectations by 7%), Foxconn is poised to maintain strong momentum in the fourth quarter. The cloud computing and networking business once again led with strong AI server performance, while computing and components businesses also posted robust growth. Consumer electronics performed flat, despite higher iPhone average selling prices, further confirming that AI is the key growth engine. Foxconn's strong performance will extend into the fourth quarter, partly thanks to rising Vera Rubin product shipments and favorable IT seasonality.
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