Foxconn's January revenue surged, Q1 outlook strong due to rising AI demand

"Shipments of AI racks continue to grow, and smart home appliances are exceeding expectations. This quarter's seasonal performance is expected to surpass the range of the past five years," the Taiwanese company said in a press release on Thursday.

Foxconn announced that its revenue in January increased by 35.53% year-over-year to TWD 730 billion, but decreased by 15.39% compared to the previous month. In dollar terms, revenue fell 15.8% from the previous month and rose approximately 41.3% year-over-year, marking a record high for the period. January 2023 revenue was TWD 660.4 billion, the second-highest on record.

According to the company, strong demand for AI products in cloud and networking products led to significant year-on-year revenue growth.

The components and other products segment also showed robust growth year-on-year due to increased shipments of key components.

The company stated that its smart consumer electronics division benefited from strong pull-in momentum, achieving solid year-on-year earnings growth.

However, the company noted that performance in computing products slightly declined year-on-year.

Foxconn stated that its cloud and networking products segment decreased month-on-month due to the impact of this quarter’s shipment schedule.

On the other hand, according to the company, the smart consumer electronics and components as well as other product segments decreased compared to the previous month.

Foxconn is scheduled to announce its Q4 2025 earnings on March 16.