刘扬伟还指出2025年“AI人工智慧年”。同时，鸿海维持2024年销售“大幅”增长的预期，预计第四季度收入将继续实现同比增长。Hon Hai's net income in the third quarter increased by 14% year-on-year, with revenue hitting a new quarterly high. The company maintains its expectation of 'significant' sales growth in 2024, and anticipates that AI servers will account for 50% of the company's total server revenue next year.
Driven by the ai boom, Hon Hai's third-quarter profit exceeded expectations, and it is expected that its AI server business will continue to grow strongly next year.
On November 14, Hon Hai, the parent company of Foxconn, held the 2024 third-quarter corporate briefing. Company chairman Liu Yangwei stated that AI will be the most important growth driver in the ICT industry and products in 2025, with the company's AI server shipments expected to grow each quarter. By 2025, AI servers are projected to account for 50% of the company's total server revenue.
Liu Yangwei also pointed out that 2025 would be the 'AI artificial intelligence year'. At the same time, Hon Hai maintains the expectation of 'significant' growth in sales in 2024 and anticipates continued year-on-year growth in revenue in the fourth quarter.
Regarding the third-quarter performance, he mentioned that Hon Hai's performance exceeded expectations, with both gross margin and revenue hitting new highs for the period. Thanks to strong demand for AI servers, the company's third-quarter net income reached 49.325 billion New Taiwan dollars (approximately 1.52 billion U.S. dollars), a 14% year-on-year increase, surpassing analysts' expectations of 46.09 billion New Taiwan dollars. Revenue increased by 20% year-on-year to 1.855 trillion New Taiwan dollars, achieving a historical quarterly high.
In addition, Hon Hai revealed that it is building the world's largest manufacturing facility in Mexico to assemble Nvidia's GB200 super chips, which are the core components of Nvidia's next-generation Blackwell computing platform.
As the world's largest iPhone assembler, Hon Hai's business is closely related to Apple's business, with around 40% of its revenue in the second quarter of this year coming from the smart consumer electronics category, including iPhones. At the same time, Hon Hai has been actively diversifying its business lines in recent years and playing an increasingly important role in creating AI servers for companies like Amazon and Nvidia. The company's cloud and network business, including AI servers, is the second largest source of revenue after consumer electronics, accounting for 32% of third-quarter total revenue.
Despite the global market sell-off triggered by concerns about the slowdown in the U.S. economy in the third quarter, Hon Hai's stock price fell by more than 10%. However, its full-year stock price has more than doubled, far outperforming the sse mega-cap index.
