Foxconn Reports Revenue Drop in November 2022

Hon Hai Precision Industry Co., Ltd. (Foxconn) announced unaudited consolidated revenue for November 2022. The company reported unaudited consolidated revenue of 18 billion USD (NT$551.1 billion) for November 2022, down 29.04% month-on-month and 11.36% year-on-year.

Due to production gradually entering off-peak seasonality and a portion of shipments being impacted by the epidemic in Zhengzhou, revenue in November declined month-on-month. However, the on-month decline was roughly in line with the company’s expectations.

Cumulative revenue in the first eleven months of 2022 was 196 billion USD (NT$5,992.6 billion), up 13.56% YoY to a fresh record high for the same period (first eleven months of 2021 ranked 2nd with $172.6 USD billion (NT$5,276.9 billion).