Taiwan’s Foxconn announced its highest-ever quarterly revenue on Monday. The world’s largest contract electronics manufacturer reported exceptional growth. Strong artificial intelligence server demand powered this historic financial milestone.
Revenue reached T$2.6028 trillion ($82.73 billion) in Q4 2024. This marks a 22.07% increase compared to the same period last year. The results significantly exceeded analyst expectations set at T$2.418 trillion.
Foxconn formally operates under the name Hon Hai Precision Industry. The company assembles products for both Apple and Nvidia. Its strategic positioning in AI infrastructure continues paying substantial dividends.
AI Server Demand Drives Cloud Division Growth
Foxconn’s cloud and networking products division delivered outstanding results this quarter. Booming demand for AI servers from major clients fueled revenue growth. The company serves as Nvidia’s largest server manufacturing partner globally.
On a US dollar basis, fourth-quarter revenue increased by 26.4%. This growth rate demonstrates the accelerating adoption of AI infrastructure. Enterprise customers continue expanding their AI computing capabilities rapidly.
December alone generated T$862.86 billion in revenue for the company. This represents a 31.77% year-on-year increase for the month. The figure also set a new record for December performance.
iPhone Segment Faces Currency Headwinds
While AI thrives, consumer electronics showed mixed performance this quarter. The smart consumer electronics segment includes iPhone assembly operations. This division posted a slight revenue decline during Q4.
Unfavorable exchange rate movements impacted the segment’s dollar-denominated results. The iPhone business remains crucial to Foxconn’s overall revenue mix. However, AI products now provide significant growth momentum.
The contrast highlights Foxconn’s successful diversification strategy in recent years. Reliance on smartphone assembly alone no longer defines the company. AI infrastructure manufacturing has become an increasingly important revenue pillar.
Stock Performance and Market Outlook
Foxconn shares gained 25.3% throughout the 2024 calendar year. This performance aligned with broader Taiwan stock market trends. The stock closed up 1.08% on Monday before revenue data release.
The benchmark Taiwan index rose 2.57% during the same trading session. Investors continue monitoring Foxconn as a key AI infrastructure play. The company’s exposure to both Apple and Nvidia attracts significant attention.
Full fourth-quarter earnings will be announced on March 14, 2025. Foxconn does not provide specific numerical guidance for future periods. The company indicated Q1 2026 comparisons will face challenging year-over-year dynamics.
Seasonal Slowdown Expected in Q1
Information and communications technology products have entered traditional off-season territory. Foxconn acknowledged this cyclical pattern in its official statement. First-quarter sequential performance typically moderates from Q4 peaks.
The company expects Q1 results to match historical five-year average patterns. However, year-over-year growth should remain significantly positive. Record Q4 numbers create a high baseline for future quarterly comparisons.
Global economic uncertainties could impact consumer electronics spending ahead. Rising competition in AI hardware markets may also pressure margins. Foxconn continues navigating these challenges while capitalizing on AI momentum.
