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Foxconn Q4 update: Taiwanese electronics manufacturing company Foxconn has posted record-breaking earnings in the fourth quarter (Q4). Apple's largest iPhone assembler Foxconn exceeded analysts' expectations and recorded revenue of $2.13 trillion in the fourth quarter, driven by continued strong demand for artificial intelligence (AI) servers.
Foxconn's revenue reached $2.13 trillion in Q4
According to a report by news agency Reuters, the revenue of Foxconn, the world's largest contract manufacturer of electronics products, has increased by 15.2% to $2.13 trillion in the fourth quarter. This is the highest revenue ever recorded by the company in a single quarter. Let us tell you that the company will present its full earnings account for the fourth quarter on March 14.
Foxconn earned more than experts' estimates in Q4
Foxconn surpassed the LSEG SmartEstimate of $2.1 trillion in the fourth quarter. The company attributed the huge jump in its revenue to strong demand for AI servers, which benefited its cloud and networking products division. Foxconn, whose customers include AI chip maker Nvidia, recorded the best performance in this segment.
Foxconn's stock became a rocket, soaring 76% in one year
Foxconn shares gained 76% last year, far outpacing the 28.5% rise of the broader Taiwanese market. Its shares closed 0.8% lower on Friday, ahead of the release of revenue data, while the benchmark index gained 0.3%.
Foxconn's outlook for the first quarter of 2025
Foxconn reported “almost stable” year-on-year growth in the smart consumer electronics segment, which includes iPhones.
The company's total revenue reached $654.8 billion in December 2024, up 42.3% from last year. This is the second highest ever for the month of December.
On the outlook for the first quarter of 2025, Foxconn said operations have entered the off-season, which typically indicates lower activity at this time.
