Foxconn reports record Q4 revenue, driven by AI demand

Foxconn, the Taiwanese assembler of Apple and Nvidia products, reported a record-high fourth-quarter revenue, driven by strong demand for AI-powered servers.

Revenue rose 15% from last year to $64.75 billion; shares rose 2.8% in Taipei— reflecting strong investor confidence.

December sales jumped 42%, totaling NT$654.83 billion. Full-year sales grew 11%, hitting NT$6.86 trillion. The company also predicts growth in first-quarter sales.

Foxconn’s smart consumer electronics segment saw a slight dip, attributed to high base effects from 2022. Full earnings are expected in March.