Taiwan’s Foxconn, the arena’s greatest promise electronics maker, beat expectancies to submit its highest-ever earnings for the fourth quarter on persevered sturdy call for for synthetic perception (AI) servers.
Earnings for Apple’s largest iPhone assembler jumped 15.2% to two.13 trillion Unutilized Taiwan bucks ($64.72 billion), Foxconn stated in a observation on Sunday.
It used to be additionally forward of a 2.1 trillion Unutilized Taiwan greenback LSEG SmartEstimate, which provides larger weight to forecasts from analysts who’re extra constantly correct.
Tough AI server call for ended in sturdy earnings enlargement for its cloud and networking merchandise section, stated Foxconn, whose shoppers come with AI chip company Nvidia.
For roguish shopper electronics, which incorporates iPhones, there used to be “roughly flattish” year-on-year enlargement, it stated.
General earnings in December isolated reached 654.8 billion Unutilized Taiwan bucks, up 42.3% 12 months on 12 months and the second-highest ever degree for the hour.
“In the first quarter of 2025, overall operations have gradually entered the traditional off-season,” Foxconn stated of its outlook for the tide 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 corporate, officially referred to as Hon Hai Precision Trade, didn’t elaborate. It does no longer handover numerical forecasts.
Foxconn’s stocks jumped 76% utmost 12 months, outperforming by way of some distance a 28.5% stand for the wider Taiwan marketplace. They closed unwell 0.8% on Friday forward of the earnings information leave, when put next with a nil.3% achieve for the benchmark index.
The corporate will record its complete fourth-quarter profits on March 14.
