Foxconn third-quarter revenue jumps 11% year on year

Taiwan’s Foxconn, the world’s largest contract electronics maker, reported record third-quarter revenue on strong demand for artificial intelligence products, though it missed the market forecast and offered caution about exchange rates.

Revenue for Nvidia‘s biggest server maker and Apple‘s top iPhone assembler jumped 11% from the same quarter last year to T$2.057 trillion ($67.71 billion), Foxconn said in a statement on Sunday.

While that was below the T$2.134 trillion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are…