Foxconn’s November Revenue Jumps 26% As AI Demand Spikes

Fuelled by the global AI rush, Foxconn’s November revenue rises 26% YoY as its server racks power data centres and deepen ties with NVIDIA, Apple and OpenAI.

Foxconn reported a sharp rise of 26 per cent year-on-year (YoY) in revenue for November, driven by surging global demand for artificial intelligence (AI) server systems. The company attributed this growth to increased investments in data centre infrastructure.

The Taiwanese manufacturer, formally known as Hon Hai, is one of the world’s largest contract electronics producers. It builds servers used in data centres and assembles Apple’s iPhone.

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In its latest revenue update, the company highlighted strong performance in its cloud and networking division, noting continued momentum in AI server rack shipments. Its November revenue reached NT$844.3 billion (£21 billion).

Over the past year, Foxconn has deepened its role in AI infrastructure. In May 2025, it agreed to supply technology for a major AI facility in Taiwan, working alongside NVIDIA and the Taiwanese government. Two months later, the firm acquired a stake in TECO Electric & Machinery Co, strengthening its position in data centre construction.

OpenAI announced in November 2025 that it would work with Foxconn on design and US manufacturing readiness for the next generation of AI hardware. The collaboration again points to Foxconn’s growing strategic significance to global AI supply chains.

However, despite the annual increase, Foxconn’s revenue slipped by roughly 6 per cent month-on-month. The company attributed this to a slight decline in its smart consumer electronics segment, which remains a core business. Even so, Foxconn expects AI server shipments and information and communications technology products to stay in peak-season demand through the fourth quarter.

The firm recently reported that rising AI server orders lifted its third-quarter profit by 17 per cent YoY. Investors have responded positively. Foxconn’s share price has risen 26 per cent since the start of 2025, extending a strong rally of 76 per cent over the past year.