Taiwanese Hon Hai Precision Industry Co. (Foxconn Technology), the world's largest contract electronics manufacturer and a supplier for Apple, saw its revenue increase by 42% year-over-year in December, reaching NT$654.83 billion (US$19.91 billion), according to the company's announcement, as reported by Interfax-Kazakhstan.
Consequently, revenue for the entire fourth quarter rose by 15%, achieving a record for this period of US$2.132 trillion. The FactSet consensus forecast had anticipated a quarterly figure of US$2.07 trillion.
Annual revenue grew by 11% and also set a new historical high, totaling US$6.86 trillion. Earnings increased across nearly all major segments, driven in part by demand for AI servers and the expansion of automotive-related business. However, the "smart" consumer electronics segment, which includes smartphones, televisions, and gaming consoles, experienced a slight decline due to a high comparison base.
Foxconn anticipates "significant growth" in revenue for the first quarter. The full report for the past quarter is scheduled for release in mid-March.
The company's stock prices rose by 1.9% following trading on Monday.