Foxconn's Financial Performance in Q4 2024

Hon Hai Precision Industry Co., Ltd., widely recognized as Foxconn, announced on Friday a net income of 46.3 billion New Taiwan dollars (approximately $1.4 billion) for the fourth quarter of fiscal 2024. This represents a 13% decrease compared to the same period last year.

Revenue and Earnings Per Share

Despite the dip in net income, the company experienced a 17% year-over-year increase in revenue, reaching 2.1 trillion New Taiwan dollars for the quarter. Earnings per share (EPS) were reported at 3.34 New Taiwan dollars, marking a 13% decline from the fourth quarter of 2023.

Looking Ahead: AI Server Business Growth

Foxconn is optimistic about its future, particularly its artificial intelligence (AI) server business. The company anticipates this sector will grow by more than 100% in the first quarter of fiscal 2025 compared to the previous year.