TAIPEI (Reuters) -Taiwan’s Foxconn, the globe’s greatest settlement digital gadgets producer, defeat assumptions to publish its highest-ever earnings for the 4th quarter on proceeded strong want for knowledgeable system (AI) net servers.
Revenue for Apple’s best apple iphone assembler leapt 15.2% to T$ 2.13 trillion ($ 64.72 billion), Foxconn claimed in a declaration on Sunday.
It was likewise upfront of a T$ 2.1 trillion LSEG SmartEstimate, which gives greater weight to projections from specialists which are additional frequently exact.
Robust AI net server want led to strong earnings improvement for its cloud and networking gadgets division, claimed Foxconn, whose purchasers encompass AI chip firm Nvidia.
For smart buyer digital gadgets, that features apples iphone, there was “roughly flattish” year-on-year improvement, it claimed.
Total earnings in December alone obtained to T$ 654.8 billion, up 42.3% yr on yr and the second-highest ever earlier than diploma 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 present 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 enterprise, formally referred to as Hon Hai Precision Industry, didn’t make clear. It doesn’t provide mathematical projections.
Foxconn’s shares leapt 76% in 2015, exceeding unquestionably a 28.5% surge for the broader Taiwan market. They shut down 0.8% on Friday upfront of the earnings data launch, in comparison with a 0.3% achieve for the benchmark index.
The enterprise will definitely report its full fourth-quarter revenues on March 14.
($ 1 = 32.9120 Taiwan bucks)
(Reporting by Ben Blanchard; Editing by Jacqueline Wong)
