{
  "id": 19613802,
  "title": "Taiwan's Foxconn reports 34% rise in Q3 profit, beats forecasts",
  "url": "https://urgent.news/2026/11/12/taiwans-foxconn-reports-34-rise-in-q3-profit-beats-forecasts-19613802",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T06:37:10.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40448559/taiwans-foxconn-reports-34-rise-in-q3-profit-beats-forecasts"
  },
  "original_language": "en",
  "account": null,
  "summary": "Taiwan’s Foxconn reported a 34% increase in third-quarter profit for the July to September period, reaching T$77.5 billion ($2.35 billion). According to Investing.com, this figure exceeded the LSEG consensus estimate of T$69.6 billion and was up from T$57.7 billion a year earlier. Business Recorder noted the profit rise was driven by continued strong demand for AI.\n\nInvesting.com reports that the company expects strong AI demand to continue through this year and into next. While Foxconn does not provide numeric forecasts, it predicted high double-digit growth for AI rack shipments in 2027. The company is also building factories in Texas and Mexico to manufacture AI servers for Nvidia.\n\nThe company, which serves as Apple’s top iPhone assembler and Nvidia’s biggest server maker, is expanding its operations. While most iPhones are assembled in China, the bulk of those sold in the United States are now produced in India, according to Investing.com. Foxconn is also looking to expand its presence in the electric vehicle sector.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Taiwan’s Foxconn reports 34% rise in Q3 profit, beats forecasts",
        "url": "https://urgent.news/2026/11/12/taiwans-foxconn-reports-34-rise-in-q3-profit-beats-forecasts",
        "published": "2026-11-12T06:36:28.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}