Foxconn reported its highest profit in 17 years and announced a record dividend as the iPhone assembler pivots toward artificial intelligence servers and smart manufacturing to drive future growth.
Net profit for 2024 reached NT$152.7 billion (US$4.7 billion), up 7.5% year-on-year, the Taiwan-based company said. Full-year revenue rose 11.3% to NT$6.86 trillion, with earnings per share climbing to NT$11.01.
The company plans to distribute a cash dividend of NT$5.80 per share, its highest payout since going public in 1991, representing a payout ratio of 52.68%.
Chairman Young Liu indicated Foxconn’s AI server business would reach “trillion-dollar scale” in local currency terms this year, accounting for more than half of the company’s total server revenue. First-quarter AI server revenue is expected to grow more than 100% both quarter-on-quarter and year-on-year.
The tech manufacturing giant is focusing on three strategic platforms – Smart Manufacturing, Smart EV, and Smart City – while expanding its AI capabilities. Liu predicted 2025 would be “the first year of AI” with stable demand for computing infrastructure.
Fourth-quarter revenue grew 15% year-on-year to NT$2.13 trillion, though net profit fell 12.8% to NT$46.3 billion during the period.
Liu also noted that contract signing with Japanese automakers should be completed within two months, with production of electric vehicle models scheduled for the second half of 2025.
