AI server shipments drive growth, Foxconn’s October sales set the highest monthly record since the company’s founding.
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The AI boom continues to play the role of a growth engine, with Hon Hai’s October revenue data performing impressively and setting multiple historical records.
On November 5th, as Nvidia's largest server manufacturer and Apple’s top iPhone assembler, Hon Hai’s latest financial report shows that the AI server business has become a growth engine. October revenue not only set a record for the highest in the same period in history, but also hit the highest single-month record since the company’s founding (the second highest for the same period in previous years was October 2024's 804.8 billion; the second-highest single month was September 2025's 837 billion).
Financial Performance:
October revenue reached 895.7 billion, surpassing September’s 837 billion and far exceeding last year's 804.8 billion for the same period, a month-on-month increase of 7.01% and a year-on-year increase of 11.29% (a year-on-year increase of 15.4% in USD terms);
Cumulative revenue for the first ten months was 6.39 trillion NTD, a year-on-year increase of 15.55% (17.9% in USD terms), also setting a historical record for the same period.
AI business continues to be the growth engine
The cloud network product category is undoubtedly the biggest contributor to this revenue growth.
According to the financial report, in all dimensions — month-on-month, year-on-year, and cumulative for the first ten months — this category ranks first in growth. The company clearly stated that this is mainly due to “continuously strong demand for AI cabinet shipments.”
This shows that the strong pull of demand for AI cloud products has become the key driver for the rapid growth of the cloud network business, which is also in line with the current global trend where tech giants are heavily investing in AI infrastructure.
The components and other products category also performed strongly, which the company attributes to “demand for key components related to core business.”
This to some extent shows that Hon Hai’s component business and its core assembly business have formed a virtuous cycle, but it also means that its growth is highly dependent on the shipment performance of end products.
It is worth noting that the company’s outlook for the fourth quarter is “operations will continue to grow quarter by quarter” due to continued strong AI cabinet shipments, as well as ICT products entering the peak season in the second half of the year.
Traditional business is weak, exchange rate becomes “scapegoat”
The computer terminal product category achieved “strong month-on-month growth” in October, which the company attributed to new products and holiday stocking demand. But in terms of annual performance, this category was only “roughly flat,” and the cumulative performance for the first ten months was also flat.
This reflects that the overall weakness in the PC market has not fundamentally changed. Even with new product cycles and seasonal factors, substantial growth is difficult to achieve.
More noteworthy is the consumer smart product category — mainly the iPhone assembly business.
According to the company, in October, this category was “roughly flat” month-on-month, “slightly declined” year-on-year, and cumulative performance for the first ten months was also “roughly flat.” Hon Hai explained this as being “affected by exchange rates.”
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