TAIPEI (Taiwan News) — Foxconn reported Tuesday (Nov. 5) its preliminary consolidated revenue for October was NT$804.84 billion (US$25 billion), a historic high for any October in the company’s history.

According to a Tuesday press release, the cumulative revenue for the first ten months of this year reached NT$5.53 trillion, up 9.57% from the same period last year, setting another record high.

Foxconn said for the first ten months of this year, cloud and networking products, as well as components, saw strong year-over-year growth, per CNA. Computer end products also experienced significant growth.

However, the company said consumer smart products saw a slight decline, primarily because the orders from the end of 2022 were delayed to Q1 of 2023 due to the COVID-19 pandemic’s impact at its Zhengzhou factory in China.

Looking to Q4, Foxconn said it expects operations to heat up, as the second half of the year is traditionally the peak season for the information and communications technology (ICT) industry. The company said it projects its Q4 performance will show quarterly and annual growth.