Foxconn Industrial Internet (601138) Q3 2026 earnings summary

Executive summary

• Q3 revenue reached RMB 383,553,853 thousand, up 57.73% YoY; 9M revenue was RMB 941,414,498 thousand, up 55.88% YoY.

• Q3 net income attributable to shareholders was RMB 16,634,153 thousand, up 60.35% YoY; 9M net income was RMB 40,374,611 thousand, up 79.55%.

Financial highlights

• Q3 profit before tax was RMB 19,430,839 thousand, up 59.00% YoY; 9M profit before tax was RMB 47,247,792 thousand, up 80.03%.

• Adjusted for non-recurring items, attributable net income was RMB 16,464,833 thousand in Q3, up 64.82% YoY, and RMB 39,448,956 thousand for 9M, up 82.15%.

• 9M operating profit was RMB 47,230,993 thousand versus RMB 26,297,649 thousand; net income was RMB 40,396,694 thousand versus RMB 22,521,572 thousand.

Segment performance

• Cloud computing revenue grew 75% YoY and 25% QoQ; AI-ASIC server shipments rose 1.5x YoY and 80% QoQ, while AI-GPU rack shipments increased 70% YoY and 15% QoQ.

• New-generation AI racks began shipping, with overall market share continuing to improve versus the prior generation.

• Network equipment revenue rose 1.2x YoY and 25% QoQ; shipments of 800G-and-above switches increased 80% YoY and 25% QoQ.

• AI-related networking products expanded across Ethernet, CPO and NVLink switches and SuperNICs; WiFi 7 routers and low-earth-orbit satellite broadband equipment also grew rapidly.