In 2023, Huawei changed the segments in the industry breakdown. The previous carrier business has been encompassed with the enterprise business under the umbrella of ICT infrastructure business. Because of the revision of the segments, data prior to 2021, has limited comparability with the data from 2022 onwards.
Values have been rounded.
One yuan equals 0.14 U.S. dollars and 0.13 euros (as of April 2025).
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Annual revenue of the ICT infrastructure segment of Huawei 2016-2024
In 2024, Huawei generated a revenue of *** billion yuan from its carrier business. From the segment revenue, it becomes evident that originally Huawei was not mainly a smartphone or consumer electronics company. Instead, the company's core business used to be the carrier business, which included telecommunication infrastructure such as network base stations. With the consumer business losing almost **** of its revenue in 2021, other segments are gaining more relevance again.
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Huawei. (March 31, 2025). Annual revenue of the ICT infrastructure business of Huawei from 2016 to 2024 (in billion yuan) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 16, 2026, from /statistics/1309593/huawei-carrier-segment-revenue/
Huawei. "Annual revenue of the ICT infrastructure business of Huawei from 2016 to 2024 (in billion yuan)." Chart. March 31, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 16, 2026. /statistics/1309593/huawei-carrier-segment-revenue/
Huawei. (2025). Annual revenue of the ICT infrastructure business of Huawei from 2016 to 2024 (in billion yuan). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 16, 2026. /statistics/1309593/huawei-carrier-segment-revenue/
Huawei. "Annual Revenue of The Ict Infrastructure Business of Huawei from 2016 to 2024 (in Billion Yuan)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 31 Mar 2025, /statistics/1309593/huawei-carrier-segment-revenue/
Huawei, Annual revenue of the ICT infrastructure business of Huawei from 2016 to 2024 (in billion yuan) ÌÇÐÄÆƽâ°æ, /statistics/1309593/huawei-carrier-segment-revenue/ (last visited July 16, 2026)
Annual revenue of the ICT infrastructure business of Huawei from 2016 to 2024 (in billion yuan) [Graph], Huawei, March 31, 2025. [Online]. Available: /statistics/1309593/huawei-carrier-segment-revenue/
