Foxconn just posted a 34% profit surge for July-September, raking in NT$77.5 billion (US$2.35 billion) and beating expectations.
The big boost comes from strong demand for AI tech, a trend Foxconn expects will keep powering its growth into next year.
Foxconn expects AI rack growth 2027
To keep up with tech shifts, Foxconn is ramping up its AI hardware business and expects major growth in AI rack shipments in 2027.
It's also moving more iPhone assembly to India and building NVIDIA server plants in Mexico and Texas.
Despite these bold moves, Foxconn's stock is only up 4% this year, way behind Taiwan's market index rise of 49%.
More financial updates are expected during today's earnings call.