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Q4 revenue surges 15.2% to $64.7 billion
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Revenue for consumer electronics division was flat
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Says Q1 should show strong growth yr/yr
TAIPEI, Jan 5 (Reuters) - Taiwan's Foxconn,
the world's largest contract electronics maker, beat
expectations to post its highest-ever revenue for the fourth
quarter on continued strong demand for artificial intelligence
(AI) servers.
Revenue for Apple's ( AAPL ) biggest iPhone assembler jumped
15.2% to T$2.13 trillion ($64.72 billion), Foxconn said in a
statement on Sunday.
It was also ahead of a T$2.1 trillion LSEG SmartEstimate,
which gives greater weight to forecasts from analysts who are
more consistently accurate.
Robust AI server demand led to strong revenue growth for its
cloud and networking products division, said Foxconn, whose
customers include AI chip firm Nvidia ( NVDA ).
For smart consumer electronics, which includes iPhones,
there was "roughly flattish" year-on-year growth, it said.
Total revenue in December alone reached T$654.8 billion, up
42.3% year on year.
"In the first quarter of 2025, overall operations have
gradually entered the traditional off-season," Foxconn said of
its outlook for the current quarter.
"Even with record high revenue in the fourth quarter of
2024, the sequential performance of the first quarter will reach
roughly similar levels that are average to the past five years;
compared with a year ago, it should show significant growth."
The company, formally called Hon Hai Precision Industry ( HNHPF ), did
not elaborate. It does not provide numerical forecasts.
Foxconn's shares jumped 76% last year, outperforming by far
a 28.5% rise for the broader Taiwan market. They closed
down 0.8% on Friday ahead of the revenue data release, compared
with a 0.3% gain for the benchmark index.
The company will report its full fourth-quarter earnings on
March 14.
($1 = 32.9120 Taiwan dollars)