Foxconn said its revenue rose 15.2 percent to T$2.13 trillion ($64.72 billion) for the fourth quarter on strong demand for artificial intelligence (AI) servers.
Taiwan’s Foxconn is the world’s largest contract electronics maker and Apple’s biggest iPhone assembler.
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.
For smart consumer electronics, which includes iPhones, there was “roughly flattish” growth. Total revenue in December alone reached T$654.8 billion, up 42.3 percent year on year and the second-highest ever level for the month.
“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 will report its full fourth-quarter earnings on March 14.
