In TrendsStock MarketStocks to WatchGold and SilverHDFC BankFoxconn third-quarter revenue soars on AI demand, beats market forecastFoxconn’s July-September revenue beat market expectations, driven by strong demand for AI-related cloud and networking products. September revenue also hit a record T$1.16 trillion, crossing the T$1 trillion mark for the first time in a single month.By Reuters October 5, 2026, 3:40:27 PM IST (Published)(Photo Credit : Rueters)Taiwan’s Foxconn, the world’s largest contract electronics maker, reported on Monday a 47% jump in third-quarter revenue year-on-year that beat market estimates, fuelled by strong AI-related demand.Revenue for the July-September quarter was T$3.03 trillion ($95.4 billion), well above an LSEG SmartEstimate of T$2.83 trillion that gives greater weight to forecasts from analysts who are more consistently accurate.Strong AI demand led to robust revenue growth for its cloud and networking products division, while smart consumer electronics, which include iPhones, posted significant growth, the company said.September revenue alone rose 38% year-on-year to T$1.16 trillion, a record for a single month and the first time it has surpassed T$1 trillion on a monthly basis. Also read: OpenAI's Altman says AI benefits warrant accepting some risks AI-related operations are expected to continue growing in the fourth quarter, the company said.Together with…
Original source: https://www.cnbctv18.com/technology/
