Taiwan's Foxconn, the world's largest contract electronics maker, reported record fourth-quarter revenue on Monday, driven by strong demand for artificial intelligence products.
Revenue for Nvidia's biggest server maker and Apple's top iPhone assembler jumped 22.07 percent from the same quarter last year to T$2.6028 trillion (HK$645.3 billion), Foxconn said in a statement.
The results exceeded the T$2.418 trillion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more consistently accurate.
Foxconn said revenue for the quarter grew significantly on both a quarter-on-quarter and year-on-year basis, exceeding its expectations and creating a high base of comparison for the first quarter of 2026.
On a US dollar basis, Foxconn said fourth-quarter revenue rose 26.4 percent.
The growth was driven by strong performance in Foxconn's cloud and networking products division, led by booming demand for AI products, while its smart consumer electronics segment - which includes iPhones - posted a slight revenue decline due to unfavorable exchange rates.
In December alone, Foxconn posted revenue of T$862.86 billion, up 31.77 percent annually and a record for that month.
Foxconn, formally called Hon Hai Precision Industry, does not provide numerical forecasts. It will report fourth-quarter earnings in March.
Foxconn's shares rose 25.3 percent last year, in line with the broader Taiwan market. The stock closed up 1.08 percent on Monday ahead of the revenue data, compared with a 2.57 percent gain for the benchmark index.
Reuters
