According to a statement released on Sunday, revenue for the primary assembler of Apple's iPhones surged by 15.2% to T$2.13 trillion ($64.72 billion).
This figure surpassed the T$2.1 trillion estimate from LSEG SmartEstimate, which prioritizes forecasts from analysts with a proven track record of accuracy.
Foxconn attributed its robust revenue growth to strong demand for AI servers, particularly within its cloud and networking products division, which serves clients such as AI chip manufacturer Nvidia.
In contrast, the segment for smart consumer electronics, including iPhones, experienced only "roughly flattish" growth compared to the previous year.
In December alone, total revenue reached T$654.8 billion, marking a 42.3% increase year-on-year and representing the second-highest revenue recorded for that month. Looking ahead, Foxconn noted that operations have gradually entered the traditional off-season in the first quarter of 2025.
Despite the record revenue in the fourth quarter of 2024, the company anticipates that the sequential performance for the first quarter will align closely with the average levels observed over the past five years, while still showing significant growth compared to the previous year.
The company, officially known as Hon Hai Precision Industry, did not provide further details or numerical forecasts. Foxconn's shares experienced a remarkable 76% increase last year, significantly outperforming the broader Taiwan market's 28.5% rise. However, shares closed down 0.8% on Friday prior to the revenue announcement, in contrast to a 0.3% gain for the benchmark index.
The full fourth-quarter earnings report is scheduled for release on March 14.