Foxconn Stock: Q4 Revenue Hits Record High on AI Server Boom

TLDR

• Foxconn’s Q4 2024 revenue hit T$2.6028 trillion ($82.73 billion), up 22.07% year-over-year and marking a record high for the quarter.
• The results beat analyst estimates of T$2.418 trillion, exceeding company expectations.
• Cloud and networking products division drove growth thanks to booming AI server demand for clients like Nvidia.
• Smart consumer electronics revenue (including iPhones) saw a slight decline due to unfavorable exchange rates.
• December 2024 revenue alone reached T$862.86 billion, up 31.77% annually and a record for that month.

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Foxconn reported record-breaking revenue for the fourth quarter of 2024 on Monday. The world’s largest contract electronics maker posted T$2.6028 trillion ($82.73 billion) in revenue for the quarter.

This represents a 22.07% increase from the same period in 2023. The figure surpassed the LSEG SmartEstimate of T$2.418 trillion, which weights forecasts from historically accurate analysts more heavily.

The company said revenue grew strongly on both quarter-over-quarter and year-over-year bases. Foxconn stated the results exceeded its own expectations.

On a U.S. dollar basis, fourth-quarter revenue jumped 26.4%. The stronger dollar performance reflects favorable currency movements during the period.

AI Demand Fuels Growth

The cloud and networking products division led Foxconn’s revenue surge. This segment benefited from intense demand for AI servers.

Foxconn serves as Nvidia’s biggest server maker. The AI chip giant’s products require specialized server infrastructure that Foxconn manufactures at scale.

The company’s smart consumer electronics segment told a different story. This division includes iPhone assembly for Apple, Foxconn’s largest client.

Revenue in this segment posted a slight decline. Foxconn attributed the drop to unfavorable exchange rates rather than volume changes.

December 2024 alone saw revenue of T$862.86 billion. This marked a 31.77% increase from December 2023.

The December figure set a record for that month. The strong finish capped off a quarter that beat both internal and external expectations.

Stock Performance and Outlook

Foxconn shares gained 25.3% throughout 2024. This performance matched the broader Taiwan market’s gains for the year.

On Monday, before the revenue announcement, the stock closed up 1.08%. The benchmark Taiwan index rose 2.57% the same day.

The company said the strong Q4 results create a high comparison base for Q1 2026. This suggests Foxconn expects some moderation in growth rates moving forward.

Foxconn doesn’t provide numerical revenue or earnings forecasts. The company will report detailed fourth-quarter earnings in March 2026.

The December revenue of T$862.86 billion represented 31.77% annual growth. This marked the strongest monthly performance of the quarter.

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