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Q3 net profit expected to rise 7% yr/yr

*

Q3 revenue rose +20% yr/yr, beating expectations

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Foxconn bullish on AI server demand

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Foxconn's shares have surged more than 100% so far this

year

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Q3 earnings call at 0700 GMT on Thursday

TAIPEI, Nov 14 (Reuters) - Taiwan's Foxconn,

the world's largest contract electronics maker, is expected to

report on Thursday that third-quarter profit rose 7%

year-on-year on robust demand for artificial intelligence

servers.

Last month, the company said third-quarter revenue jumped

20% from a year earlier, beating expectations to post its

highest-ever revenue for that quarter on strong sales of AI

servers.

Net profit for July-September for Apple's ( AAPL ) top

iPhone assembler likely came in at T$46.3 billion ($1.43

billion), according to an LSEG consensus estimate of 14

analysts.

That would represent a 7.4% increase from the same period a

year ago. It would also mark a fifth consecutive quarter of

profit growth.

Foxconn said last month it was building in Mexico the

world's largest manufacturing facility for bundling Nvidia's ( NVDA )

GB200 superchips, a key component of the U.S. firm's

next-generation Blackwell family computing platform.

Underscoring Foxconn's rosy prospects, October sales hit a

record high for the month and the company, formally called Hon

Hai Precision Industry ( HNHPF ), has said it expects fourth-quarter

revenue to grow year-on-year.

It does not provide numerical guidance.

Foxconn holds its earnings call at 3.00 p.m. in Taipei

(0700GMT) on Thursday, where it will also update its outlook for

the rest of the year.

Foxconn's shares have surged more than 100% so far in 2024,

far outperforming the broader market's 28% gain, thanks

to its confident outlook on AI.

($1 = 32.4140 Taiwan dollars)

(Reporting by Ben Blanchard; Editing by Lincoln Feast.)