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 stable want for knowledgeable system (AI) net servers.
Revenue for Apple’s biggest apple iphone assembler leapt 15.2% to T$ 2.13 trillion ($ 64.72 billion), Foxconn claimed in a declaration on Sunday.
It was likewise prematurely of a T$ 2.1 trillion LSEG SmartEstimate, which gives greater weight to projections from consultants which are further frequently exact.
Robust AI net server want led to stable earnings improvement for its cloud and networking objects division, claimed Foxconn, whose shoppers 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 prevailing 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 known as Hon Hai Precision Industry, didn’t make clear. It doesn’t provide mathematical projections.
Foxconn’s shares leapt 76% in 2015, exceeding surely a 28.5% surge for the broader Taiwan market. They shut down 0.8% on Friday prematurely of the earnings data launch, in comparison with a 0.3% acquire 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)
