Nvidia Partner Foxconn Posts 26% Revenue Jump On AI Server Demand

Benzinga

Foxconn reported November revenue of $27 billion — up 26% year-on-year — driven by growing demand for AI server racks even as smart electronics demand softened. Strong cloud and networking sales and partnerships (with Nvidia, OpenAI, TECO) highlight its shift toward AI-infrastructure.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:03Foxconn reported November revenue of $27 billion, up 26% year over year,

00:09as demand for AI servers accelerated, according to CNBC. The company said cloud and networking

00:15products saw strong growth and highlighted momentum in AI server rack shipments.

00:20Foxconn is expanding its role in AI infrastructure through collaborations with NVIDIA,

00:25OpenAI, and the Taiwanese government, including support for an AI factory in Taiwan

00:30and a stake in TECO electric and machinery. Month-over-month revenue fell about 6%

00:37due to softer, smart consumer electronics demand. The company previously said AI server strength

00:42pushed its third-quarter profit up 17% year over year. Foxconn shares have risen 26% in 2025

00:50after climbing 76% over the past year.

00:53For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended