Foxconn Q3 Revenue Jumps 47% on AI Server Demand, Beating Forecasts
NVDA sits 43% above its 52-week low of $164.27.
Summary
Foxconn, Nvidia's largest server manufacturer, reported Q3 revenue of T$3.03 trillion ($95.39B), up 47% year-over-year and well above the LSEG SmartEstimate of T$2.83 trillion. The beat was driven by strong AI-related demand, directly reflecting robust orders for Nvidia's AI server platforms. This follows Nvidia's own Q2 FY27 results showing Data Center revenue up 117%, and the recent $500B SK Group partnership to build AI data centers. The Foxconn print provides early third-party confirmation that AI infrastructure spending remains exceptionally strong into Q3, supporting Nvidia's Q3 guidance of $108B. Watch for Nvidia's next earnings report to see if this demand translates into another guidance raise.
At the time of this announcement, NVDA was trading at $234.22 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.6T. The 52-week trading range was $164.27 to $237.88. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.