Loading...
Market
What will be Foxconn's net income for Q4 2024?
3
Foxconn•Hon Hai Precision Industries•Apple•iPhone•Nvidia•United States•Wisconsin•Texas•Mexico•Vietnam
Resolution / Starting Odds
Less than $1.4 billion • 25%
$1.4 billion to $1.6 billion • 25%
$1.6 billion to $1.8 billion • 25%
More than $1.8 billion • 25%
Foxconn's official financial report for Q4 2024
Story
Foxconn's Revenue Up 20%, Targets 40% of AI Server Market on Nvidia Demand
Nov 14, 2024, 07:28 AM
Foxconn, also known as Hon Hai Precision Industries, reported a stronger-than-expected net income of approximately $1.5 billion for the third quarter, surpassing analysts' estimates of around $1.408 billion. The company's revenue rose 20% year-over-year to a record $57.01 billion, driven by persistent demand for servers powering AI applications. Foxconn, a major assembler for Apple's iPhone and key supplier for Nvidia's AI servers, has prepared its production capacity to meet the "crazy" demand for these servers. The company is optimistic about the tech industry outlook in 2025 and plans to increase investments in the United States (Wisconsin and Texas), Mexico, and Vietnam. Foxconn expects AI servers to continue growing rapidly in the next few years, forecasting that AI servers will account for 50% of its total server revenue in 2025. The company anticipates holding 40% of the global market share for AI servers next year, with shipments for Nvidia's AI servers projected to grow quarter by quarter.
View original story
Similar markets
Less than NT$34 billion • 25%
NT$34 billion to NT$36 billion • 25%
NT$36 billion to NT$38 billion • 25%
More than NT$38 billion • 25%
Less than USD 180 billion • 25%
USD 180 billion to USD 200 billion • 25%
USD 200 billion to USD 220 billion • 25%
More than USD 220 billion • 25%
Less than NT$41 billion • 25%
NT$41 billion to NT$43 billion • 25%
NT$43 billion to NT$45 billion • 25%
More than NT$45 billion • 25%
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Less than TWD 120 • 25%
TWD 120 to TWD 140 • 25%
TWD 140 to TWD 160 • 25%
More than TWD 160 • 25%
Less than NT$2.50 • 25%
NT$2.50 to NT$2.55 • 25%
NT$2.55 to NT$2.60 • 25%
More than NT$2.60 • 25%
Less than 10% • 25%
10% to 15% • 25%
15% to 20% • 25%
More than 20% • 25%
Above 20% • 25%
Between 10% and 20% • 25%
Between 0% and 10% • 25%
Negative growth • 25%
