Foxconn posted a blockbuster quarter on AI demand. The world’s largest electronics maker reported third-quarter revenue of T$3.03 trillion, about $95.39 billion. That is up 47 percent from last year. It beat market estimates of T$2.83 trillion by a wide margin.

September alone brought T$1.16 trillion in revenue, up 38 percent. It was the first month the company crossed T$1 trillion. AI servers drove the surge. Foxconn is Nvidia’s biggest server maker, and its cloud and networking division led the growth.

The company expects AI operations to keep expanding in the fourth quarter. Full earnings arrive on November 12. The results underline how AI infrastructure spending continues to boom across the tech industry.

Foxconn, formally Hon Hai Precision Industry, assembles iPhones and builds servers for global tech giants. Its numbers are widely seen as a barometer for AI hardware demand, and this quarter signals the rally is far from over.