Foxconn Reports Record Q4 Revenue of 64.72 billion US dollars, Setting a New Historical High

January 6, 2025

Foxconn, the world's largest contract electronics manufacturer, achieved a record high revenue in the fourth quarter, driven by sustained strong demand for artificial intelligence (AI) servers, exceeding expectations.

In a statement on January 5, Foxconn, the largest assembler of Apple's iPhones, reported a 15.2% increase in Q4 revenue, reaching approximately $66.03 billion, a year-on-year growth of 15%, surpassing analysts' expectations of 13%. Revenue also exceeded the LSEG SmartEstimate forecast of $65.1 billion.

For 2024, Foxconn's revenue is projected to reach $212.66 billion, marking a historic high and outperforming both company and market expectations.

Foxconn stated that strong demand for AI servers has driven significant revenue growth in its cloud and networking product divisions, with clients including AI chipmaker NVIDIA.

Regarding smart consumer electronics, including the iPhone, Foxconn noted that its year-on-year growth has remained "roughly flat."

In December alone, total revenue reached $20.28 billion, a year-on-year increase of 42.3%, making it the second-highest revenue for the month on record.

"In the first quarter of 2025, overall operations are gradually entering the traditional off-season," Foxconn stated while looking ahead to the current quarter.

Foxconn further explained: "Despite achieving a record high in Q4 2024 revenue, the sequential performance in the first quarter is expected to be roughly similar to the average level of the past five years; however, it will show significant growth compared to the same period last year."

Regarding operational outlook for this year, Foxconn Chairman Liu Yangwei recently revealed that revenue is expected to surpass $217.00 billion. Additionally, expanding smart city initiatives will be a key strategy for Foxconn in the new year. The company is also collaborating with NVIDIA on humanoid robots, developing service-oriented humanoid robots in Kaohsiung using the latest software technologies and hardware platforms.

Last year, Foxconn's stock price surged by 76%, far exceeding the overall increase of 28.5% in the Taiwanese market. The company will announce its complete Q4 financial report on March 14.