Will's Blog: Huawei reports FY 2024 revenue up 22.4% YoY to ~$118.2B, near its ~$123B record in 2020, net profit down 28% YoY to ~$8.63B, and R&D spend rising to ~$25B (Arjun Kharpal/CNBC)

31 March 2025

Huawei reports FY 2024 revenue up 22.4% YoY to ~$118.2B, near its ~$123B record in 2020, net profit down 28% YoY to ~$8.63B, and R&D spend rising to ~$25B (Arjun Kharpal/CNBC)

Arjun Kharpal / CNBC:
Huawei reports FY 2024 revenue up 22.4% YoY to ~$118.2B, near its ~$123B record in 2020, net profit down 28% YoY to ~$8.63B, and R&D spend rising to ~$25B — Huawei on Monday reported a sharp jump in 2024 revenue as its core telecommunications and consumer businesses accelerated.

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