Business

Foxconn Achieves Stunning 91% Surge in Q1 Net Income, Reaching $1.4 Billion

Record-Breaking Financial Performance

Hon Hai Precision Industry Co., Ltd., widely recognized as Foxconn, announced a remarkable financial achievement on Wednesday. The company reported a net income of 42.1 billion New Taiwan dollars ($1.4 billion) for the first quarter of fiscal 2025, marking an impressive 91% increase year on year. This figure not only surpassed expectations but also set a new benchmark for the company's financial performance.

Revenue Growth and Shareholder Value

Alongside the net income surge, Foxconn's operating revenue for the quarter reached 1.6 trillion New Taiwan dollars, showcasing a 23% growth compared to the previous year. Furthermore, earnings per share (EPS) soared to 3.03 New Taiwan dollars, reflecting a 91% increase from the first quarter of 2024. This significant growth underscores Foxconn's robust operational efficiency and its ability to deliver value to its shareholders.