Foxconn defeats quotes with document fourth-quarter earnings on AI need

TAIPEI (Reuters) -Taiwan’s Foxconn, the globe’s biggest agreement electronic devices manufacturer, defeat assumptions to publish its highest-ever earnings for the 4th quarter on proceeded solid need for expert system (AI) web servers.

Revenue for Apple’s greatest apple iphone assembler leapt 15.2% to T$ 2.13 trillion ($ 64.72 billion), Foxconn claimed in a declaration on Sunday.

It was likewise in advance of a T$ 2.1 trillion LSEG SmartEstimate, which offers higher weight to projections from experts that are extra continually precise.

Robust AI web server need brought about solid earnings development for its cloud and networking items department, claimed Foxconn, whose clients consist of AI chip company Nvidia.

For wise customer electronic devices, that includes apples iphone, there was “roughly flattish” year-on-year development, it claimed.

Total earnings in December alone got to T$ 654.8 billion, up 42.3% year on year and the second-highest ever before degree for the month.

“In the first quarter of 2025, overall operations have gradually entered the traditional off-season,” Foxconn claimed of its overview for the existing 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 business, officially called Hon Hai Precision Industry, did not clarify. It does not supply mathematical projections.

Foxconn’s shares leapt 76% in 2015, exceeding without a doubt a 28.5% surge for the wider Taiwan market. They shut down 0.8% on Friday in advance of the earnings information launch, compared to a 0.3% gain for the benchmark index.

The business will certainly report its complete fourth-quarter revenues on March 14.

($ 1 = 32.9120 Taiwan bucks)

(Reporting by Ben Blanchard; Editing by Jacqueline Wong)