All data are based on the daily closing price as of November 22, 2024

Wistron and Wiwynn Report Record June Revenues Driven by AI Server Demand

June revenue for Wistron hits NT$88.787 billion, Wiwynn reaches NT$30.758 billion with 24% monthly growth
Taiwan
w 3231.TW w 6669.TW Mid and Small Cap 2000 Tech 350 Blue Chip 150
Share this on

Wistron Group announced impressive financial results for June, with the parent company reporting a revenue of NT$88.787 billion, marking an 11.7% increase month-on-month. This performance set the second-highest record for June, the second quarter, and the first half of the year in the company’s history.

Wistron’s consolidated revenue for June rose by 9.48% year-on-year. The second quarter saw consolidated revenue of NT$240.931 billion, reflecting a 1.13% quarterly increase and a robust 16.1% annual growth. For the first half of the year, Wistron achieved consolidated revenue of NT$479.159 billion, up 14.48% from the previous year.

Looking ahead, Wistron anticipates stable to slightly increased revenue from general servers in Q3, with AI server revenue expected to show strong double-digit growth.

Wiwynn, a major server OEM under Wistron Group, also reported a significant boost in revenue. June’s revenue reached NT$30.758 billion, the highest in the past 15 months and a 24% increase from May. This growth was the strongest among its peers, driving Wiwynn’s second-quarter revenue to a record high of NT$77.481 billion, up 11.28% from the previous quarter and 37.6% year-on-year.

The substantial increase in Wiwynn’s revenue is attributed to the concurrent surge in demand for both AI and general servers. With AI applications continuing to expand, Wiwynn is well-positioned to capitalize on the growing market, setting optimistic expectations for the second half of the year.

Share this on
Jakota Newsletter

Stay ahead in the JAKOTA stock markets with our roundup of vital insights

Icon scroll to top