Taiwan's Foxconn reports 34% rise in Q3 profit, beats forecasts

Business Recorder reported on Thursday that Taiwan-based Foxconn earned T$77.5 billion in net profit for the July-to-September quarter, up 34% from T$57.7 billion a year earlier. The result exceeded the T$69.6 billion average estimate compiled by LSEG, as demand for artificial-intelligence products remained strong.

Foxconn is identified in the report as Nvidia’s largest server maker and Apple’s leading iPhone assembler, placing its quarterly performance within the global electronics manufacturing chain. The profit comparison provides a measure of results across the quarter, while the report attributes continued demand for AI to the company’s stronger earnings. It does not name any Pakistani listed company or describe a direct effect on the PSX.