A person with a face masks walks previous the emblem of Foxconn, or Hon Hai Group , which is Taiwans expertise 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 Photos
Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to publish its highest-ever income for the fourth quarter on continued sturdy demand for synthetic intelligence (AI) servers.
Income for Apple’s largest iPhone assembler jumped 15.2% to 2.13 trillion New Taiwan {dollars} ($64.72 billion), Foxconn mentioned 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 persistently correct.
Strong AI server demand led to sturdy income progress for its cloud and networking merchandise division, mentioned Foxconn, whose prospects embrace AI chip agency Nvidia.
For good shopper electronics, which incorporates iPhones, there was “roughly flattish” year-on-year progress, it mentioned.
Complete income in December alone reached 654.8 billion New Taiwan {dollars}, up 42.3% 12 months on 12 months and the second-highest ever degree for the month.
“Within the first quarter of 2025, total operations have regularly entered the normal low season,” Foxconn mentioned of its outlook for the present quarter.
“Even with file excessive income within the fourth quarter of 2024, the sequential efficiency of the primary quarter will attain roughly comparable ranges which might be common to the previous 5 years; in contrast with a 12 months in the past, it ought to present vital progress.”
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 12 months, outperforming by far a 28.5% rise for the broader Taiwan market. They closed down 0.8% on Friday forward of the income knowledge launch, in contrast with a 0.3% achieve for the benchmark index.
The corporate will report its full fourth-quarter earnings on March 14.
