Aspeed Technology reported third-quarter net income of NT$1.21 billion ($39.2 million), jumping 93% from the prior period as demand for its baseboard management controllers accelerated alongside expansion of artificial intelligence data centers. The Hsinchu-based company posted earnings per share of NT$32.12 for the quarter.
The chipmaker’s board also approved plans to transfer its Reality Remote Management division to wholly-owned subsidiary Cupola360 by December 31, separating the camera and audiovisual business from its core server chip operations. Aspeed will retain complete ownership of the spun-off entity.
Despite the earnings momentum, the company expects fourth-quarter revenue to stagnate as tight supplies of BT substrates—critical materials for chip packaging—constrain production. Aspeed has locked substrate allocations through the second half of 2026, prioritizing high-end server management chips over other products.
Revenue for the first nine months reached NT$6.64 billion ($215 million), up 53% year-over-year and already exceeding 2024’s full-year total. Analysts project full-year earnings per share between NT$88.8 and NT$92.4, though that hinges on substrate availability improving as anticipated.
The company’s AST2700 chips have gained traction with U.S. cloud providers deploying AI infrastructure, while traditional server orders rebounded in the second quarter after inventory corrections depleted customer stockpiles.
