Nvidia partner Foxconn expects AI momentum to drive Q4 growth after 46% sales jump

Hon Hai Precision Industry Co. HNHPF posted a 46% increase in October sales on Thursday, driven by sustained demand for Nvidia NVDA servers amid the global expansion of AI infrastructure.

Revenue rose to NT$1.31T ($39.7B) last month, reaching the highest single-month revenue in the company’s history, Hon Hon Hai said in a statement. Analysts on average were looking for about a 30% increase in sales over the three months ending December, according to Bloomberg.

Hon Hai Precision Industry Co.’s cumulative revenue for the first 10 months of 2026 reached a record NT$8.98T, marking a 40.4% year-over-year increase. The figure surpassed the previous record of NT$6.39T recorded during the same period a year ago.

The Apple AAPL and Nvidia NVDA supplier, which is formally known as Hon Hai Precision HNHAF HNHPF said October revenue was driven by strong growth in smart consumer electronics and significant gains in computing products and components, while cloud and networking products posted a slight decline.

“AI-related operations are expected to continue growing in the fourth quarter. Together with the traditional peak season for ICT products in 2H26, this should support overall performance in line with current market expectations,” the company said. However, the company noted that the impact of ongoing volatility in the global political and economic environment remains a key factor to monitor.

Foxconn, the world’s biggest contract electronics manufacturer, recently flagged that a…