A person with a face masks walks previous the emblem of Foxconn, or Hon Hai Group , which is Taiwans know-how big and the worlds main producer of semiconductors or chips significantly for Apples gadgets, amid COVID-19 outbreak , in Taipei, Taiwan, 15 July 2021.
Ceng Shou Yi | Nurphoto | Getty Pictures
Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to publish its highest-ever income for the fourth quarter on continued robust demand for synthetic intelligence (AI) servers.
Income for Apple’s greatest iPhone assembler jumped 15.2% to 2.13 trillion New Taiwan {dollars} ($64.72 billion), Foxconn stated in an announcement on Sunday.
It was additionally forward of a 2.1 trillion New Taiwan greenback LSEG SmartEstimate, which provides better weight to forecasts from analysts who’re extra constantly correct.
Strong AI server demand led to robust income development for its cloud and networking merchandise division, stated Foxconn, whose clients embody AI chip agency Nvidia.
For good client electronics, which incorporates iPhones, there was “roughly flattish” year-on-year development, it stated.
Whole income in December alone reached 654.8 billion New Taiwan {dollars}, up 42.3% yr on yr and the second-highest ever stage for the month.
“Within the first quarter of 2025, total operations have progressively entered the standard low season,” Foxconn stated of its outlook for the present quarter.
“Even with report excessive income within the fourth quarter of 2024, the sequential efficiency of the primary quarter will attain roughly related ranges which might be common to the previous 5 years; in contrast with a yr in the past, it ought to present vital development.”
The corporate, formally referred to as Hon Hai Precision Trade, didn’t elaborate. It doesn’t present numerical forecasts.
Foxconn’s shares jumped 76% final yr, outperforming by far a 28.5% rise for the broader Taiwan market. They closed down 0.8% on Friday forward of the income information launch, in contrast with a 0.3% achieve for the benchmark index.
The corporate will report its full fourth-quarter earnings on March 14.
