Foxconn reports 13% drop in Q4 profit amid weak consumer electronics sales

Published 14/03/2025, 08:08
© Reuters.

Investing.com -- Foxconn (SS:601138), also known as Hon Hai (TW:2317) Precision Industry, reported a 13% decrease in profit for the fourth quarter, attributed to a weak performance in its consumer electronics division. This drop was despite the strength in its AI server segment business.

Foxconn, the world’s largest contract electronics maker, is Apple (NASDAQ:AAPL)’s top iPhone assembler and Nvidia (NASDAQ:NVDA)’s AI server maker.

For the period of October-December, the net profit came in at T$46.33 billion ($1.41 billion), falling short of analysts’ average forecast of T$54.4 billion. This estimate was based on a consensus from 15 analysts provided by LSEG.

Despite the drop in profit, Foxconn announced a 15.2% increase in its fourth-quarter revenue in January, reaching a record for that quarter due to strong sales of AI servers.

Looking ahead, Foxconn expects its performance for the first quarter to exceed the average level of the past five years. The company also anticipates strong year-over-year growth but does not provide numerical guidance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.