January 6, 2025

Foxconn reports Q4 revenue of ~$64.6B, up 15% YoY vs. est. of a 13% rise, boosted by data center spending, with December 2024 bringing in ~$19.8B, up 42% YoY (Jane Lanhee Lee/Bloomberg)

Jane Lanxi Li / Burundi:

Foxconn reported that driven by data center spending, fourth-quarter revenue was approximately $64.6B, an annual growth rate of 15%, and is expected to grow 13%. Revenue in December 2024 will be approximately $19.8B, an annual growth rate of 42%— The company expects significant sales growth in the first quarter — Revenue rose 42% in December due to strong sales of artificial intelligence servers

2025-01-05 16:00:13