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Q4 revenue surges 15.2% to $64.7 billion

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Revenue for consumer electronics division was flat

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Says Q1 should show strong growth yr/yr

(Recasts, updates throughout)

TAIPEI, Jan 5 (Reuters) - Taiwan's Foxconn,

the world's largest contract electronics maker, beat

expectations to post its highest-ever revenue for the fourth

quarter on continued strong demand for artificial intelligence

(AI) servers.

Revenue for Apple's ( AAPL ) biggest iPhone assembler jumped

15.2% to T$2.13 trillion ($64.72 billion), Foxconn said in a

statement on Sunday.

It was also ahead of a T$2.1 trillion LSEG SmartEstimate,

which gives greater weight to forecasts from analysts who are

more consistently accurate.

Robust AI server demand led to strong revenue growth for its

cloud and networking products division, said Foxconn, whose

customers include AI chip firm Nvidia ( NVDA ).

For smart consumer electronics, which includes iPhones,

there was "roughly flattish" year-on-year growth, it said.

Total revenue in December alone reached T$654.8 billion, up

42.3% year on year and the second-highest ever level for the

month.

"In the first quarter of 2025, overall operations have

gradually entered the traditional off-season," Foxconn said of

its outlook for the current quarter.

"Even with record high revenue in the fourth quarter of

2024, the sequential performance of the first quarter will reach

roughly similar levels that are average to the past five years;

compared with a year ago, it should show significant growth."

The company, formally called Hon Hai Precision Industry ( HNHPF ), did

not elaborate. It does not provide numerical forecasts.

Foxconn's shares jumped 76% last year, outperforming by far

a 28.5% rise for the broader Taiwan market. They closed

down 0.8% on Friday ahead of the revenue data release, compared

with a 0.3% gain for the benchmark index.

The company will report its full fourth-quarter earnings on

March 14.

($1 = 32.9120 Taiwan dollars)