Foxconn Reports January Financial Results
Foxconn reported unaudited consolidated revenue of NT$ 660.4 billion for January 2023, up 4.93% MoM and 48.15% YoY. Revenue in January reached a record high for the same period. (January 2021 ranked 2nd highest with NT$ 500.2 billion).
With operations returning to normal and shipments increasing at the Zhengzhou campus, revenue in January delivered MoM growth.
In January 2023, revenue was NT$ 660.4 billion, up 4.93% MoM. Smart Consumer Electronics Products and Computing Products maintained sequential growth, while Cloud and Networking Products as well as Components and Other Products declined MoM.
Revenue in January 2023 was up 48.15% YoY. Smart Consumer Electronics Products and Computing Products showed strong double-digit growth. Revenue in Cloud and Networking Products was flattish YoY, while Components and Other Products declined.
Revenue performance detailed as below: (1) Smart Consumer Electronics Products: With operations returning to normal and products shipments increasing at the Zhengzhou campus, as well as different comparison base, revenue in January delivered strong double-digit growth MoM. (2) Computing Products: Thanks to better components supply, revenue in January demonstrated significant growth YoY. (3) Cloud and Networking Products: Revenue performance in January was flattish. (4) Components and Other Products: Due to high base and fewer working days, revenue in January declined YoY.