Foxconn Industrial Internet's Q3 profit rises 60%; cloud computing revenue up 75%

Foxconn Industrial Internet, the Shanghai-listed arm of Foxconn that builds servers and networking equipment, reported third-quarter 2026 revenue of 383.55bn yuan, up 57.73% year on year, according to its quarterly report. Net profit attributable to shareholders rose 60.35% to 16.63bn yuan, and net profit excluding non-recurring items rose 64.82% to 16.46bn yuan. The figures are unaudited, and the report gives no outlook.

Revenue from the cloud computing business rose 75% year on year and 25% on the second quarter, the company said, adding that GPU and ASIC products together had become an important driver of growth for the segment. It said a new generation of AI racks had started shipping and that its overall market share for that product was higher than for the previous generation. In communications and mobile network equipment, networking equipment revenue more than doubled year on year, and the company cited fast growth in Wi-Fi 7 routers and equipment for low-orbit satellite broadband. The report names no customers.

For the first nine months of 2026, revenue rose 55.88% to 941.41bn yuan and net profit attributable to shareholders 79.55% to 40.37bn yuan. Basic EPS for the quarter was 0.84 yuan, up 61.54%, and 2.04 yuan for the nine months. Net cash from operating activities was 3.22bn yuan in the nine months. Total assets were 580.02bn yuan at the end of September, up 27.13% from the end of 2025, and equity attributable to shareholders was 190.57bn yuan, up 14.27%.

The shares closed at 45.22 yuan in Shanghai at 15:00 China time (08:00 CET) on 29 October 2026, down 7.03% from 48.64 yuan the previous day, according to Sina Finance data. That close came before the report appeared on the Shanghai Stock Exchange website at 15:57 China time (08:57 CET), so Friday's session will be the first to trade on the results. Polstob found no citable consensus forecast.