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Q3 net profit rises 14% yr/yr, better than forecast)

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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 doubled so far this year

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Q3 earnings call at 0700 GMT on Thursday

(Recasts, adds details from earnings statement)

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

the world's largest contract electronics maker, reported on

Thursday a better-than-expected 14% rise in quarterly profit

underpinned by 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 came in at T$49.3 billion ($1.5 billion),

according to Reuters calculations.

That marked a fifth consecutive quarter of profit growth and

compared with a T$46.3 billion LSEG consensus estimate of 14

analysts.

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's shares have doubled so far in 2024, beating the

broader market's 28% gain, buoyed by its confident

outlook on AI.

They closed down 1.4% on Thursday ahead of the earnings

release.

($1 = 32.4140 Taiwan dollars)