TAIPEI (Taiwan News) — Foxconn reported a November revenue of NT$844.3 billion (US$27.03 billion) on Friday, down 5.74% from last month but up 25.53% year-on-year, marking a record high for the month.

Revenue for the first 11 months reached NT$7.23 trillion, 16.63% from a year earlier, setting a record for the period, per CNA.

On a month-to-month basis, the 5.74% decline reflected mixed performance across product categories, per Liberty Times. The components and other products segment grew on strong pull-in demand for key components.

However, computer terminal products and cloud and networking products remained roughly flat month-on-month. AI server cabinet shipments rose but were offset by varied sales models and weaker performance in other lines.

Year-on-year, Foxconn’s cloud and networking products showed strong growth, fueled by continued AI server cabinet demand. Smart consumer products edged down slightly, weighed by a high comparison base from strong holiday pull-ins in October.

Looking to Q4, Foxconn said shipments of AI server cabinets continue to scale up and ICT products have entered their second-half peak season. The company said it remains cautious about global geopolitics as well as exchange-rate volatility.