Foxconn, Taiwan’s leading contract electronics maker and the largest iPhone assembler, reported fourth-quarter revenue of TWD2.13 trillion ($64.72 billion), a 15.2% increase from the previous year, exceeding the TWD2.1 trillion forecast by LSEG SmartEstimate.
Moreover, Foxconn’s revenue in December alone soared to TWD654.8 billion, marking a 42.3% year-on-year increase and achieving the second-highest level ever recorded for the month.
Foxconn attributed its high revenue growth to its cloud and networking products division, fueled by strong demand for AI servers and key customers like AI chip firm Nvidia.
As for 2025, the company stated that while the first quarter of 2025 has entered the traditional off-season, it expects revenue to align with the average levels of the past five years for the period. Additionally, the company highlighted significant growth compared to the same quarter last year.
The company saw its shares surge by 76% last year, significantly outperforming the broader Taiwan stock market’s 28.5% rise. However, last Friday, its stock dipped 0.8%, while the benchmark index rose 0.3%. Nevertheless, its full fourth-quarter earnings will be announced on March 14.
