Taipei (Reuters) - Taiwan's Foxconn, the world's largest contract electronics manufacturer, is anticipated to announce on Friday a 2.35% increase in fourth-quarter profits driven by robust demand for artificial intelligence servers.
According to a consensus estimate of 15 analysts by LSEG, net profit for October-December for Foxconn, the top assembler for Apple's iPhones and Nvidia's AI servers, likely reached T$54.4 billion ($1.65 billion), up from T$53.15 billion a year earlier.
In January, Foxconn reported a 15.2% surge in fourth-quarter profits due to strong AI server sales, setting a record for that period.
The company, also known as Hon Hai Precision Industry, foresees a better first-quarter performance than the average of the last five years, expecting notable year-over-year growth but refrains from sharing specific figures.
Nevertheless, the escalating global trade tensions have clouded the company's outlook for the year, given its significant manufacturing presence in China and Mexico, both now subject to increased U.S. import tariffs.
Apple has announced collaboration with Foxconn to establish a 250,000-square-foot (23,200-square-meter) facility in Houston for assembling servers to power Apple Intelligence in data centers.
Foxconn's earnings call is scheduled for 3 p.m. in Taipei (0700GMT) on Friday, during which it will provide an update on its outlook for the remainder of the year.
Foxconn shares have declined by 8.7% year-to-date amidst concerns over U.S. tariffs and trade policies.
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