Shares of Foxconn (SS:601138), officially known as Hon Hai Precision Industry Co Ltd (TW:2317), surged on Monday following the announcement of record-breaking fourth-quarter revenue.
The world’s largest contract electronics manufacturer reported a 15.2% increase in Q4 2024 revenue, reaching T$2.13 trillion ($64.72 billion). This exceeded the median forecast of T$2.1 trillion, primarily driven by robust demand for artificial intelligence (AI) servers.
Foxconn’s cloud and networking products division, which supplies AI server components to major clients such as NVIDIA Corporation (NASDAQ:NVDA), experienced significant growth. This contrasts with its smart consumer electronics segment, which includes Apple Inc.’s (NASDAQ:AAPL) iPhones, seeing flat year-on-year performance.
December 2024 Revenue Highlights
Total revenue: T$654.8 billion
Year-on-year growth: 42.3%
Second-highest December revenue on record
Foxconn anticipates that its first-quarter performance in 2025 will align with historical averages but expects notable year-on-year growth driven by sustained AI server demand.
Strategic Position in AI Server Market
Foxconn’s ability to capitalize on the unprecedented demand for AI servers has reinforced investor confidence, reflected in its shares rising 3% to T$187.50 on Monday. Analysts have attributed this success to the company’s foresight and adaptability in leveraging emerging technologies.
For deeper insights into Foxconn’s financial trends, the Earnings Historical API offers a detailed analysis of revenue and earnings trajectories over time.
Outlook for 2025
As Foxconn projects sustained growth in the AI server market, its strategic investments position it well for future opportunities. The company’s ability to innovate and diversify its offerings is expected to drive shareholder value further.
