Foxconn Posts 10.5% Revenue Growth in 2022

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Hon Hai Precision Industry Co. Ltd (Foxconn) has reported unaudited consolidated revenue of NT$629.3 billion for December 2022, up by 14.2% month-on-month (MoM) but down by 12.3% year-on-year (YoY).

Revenue in December was the third highest for the same period, which was better than expected for the company. (December 2021 and December 2020 ranked first and second highest with NT$7,176 billion and NT$7,138 billion, respectively.)

Revenue in the fourth quarter of 2022 was NT$1,957 billion, up by 12% quarter-on-quarter (QoQ) and 3.54% YoY. Revenue hit second highest for the same period, which was better than expected compared to market consensus and for the company.

Cumulative revenue in year 2022 was NT$6,621.9 billion, up by 10.47% YoY to a fresh record high, which was better than expected compared to market consensus and for the company.


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