LITEON Technology (2301-tw) reported first‑quarter 2026 consolidated sales of NT$43.4 billion, up 19% year-on-year, led by cloud‑related businesses, which grew by more than 70% Y-o-Y. Supported by robust demand from AI infrastructure, ongoing global capacity expansion, a richer mix of higher‑value businesses and closer collaboration across the supply chain, gross margin reached 21.7% and operating margin reached 9.4%. Net profit totaled NT$3.78 billion, with EPS of NT$1.66, up 10% year-on-year and marking a five‑year high for the same period.

“As demand for AI and cloud infrastructure continues to accelerate, power-related applications are delivering sustained growth,” said Anson Chiu, President of LITEON Technology. “Looking ahead, next-generation power solutions are entering a scale-up phase and are expected to become a key growth driver. By strengthening system-integration capabilities and leveraging high‑efficiency power technologies, LITEON is positioned to capture long‑term opportunities from the AI infrastructure upgrade cycle and sustain steady growth.”

To support growth in AI‑related businesses, LITEON is accelerating global expansion. The Board approved the following initiatives:

• US$919 million capital investment in the U.S.: covering land, facilities, and equipment to expand AI energy infrastructure capacity.
• US$149 million capital increase in Vietnam: supporting operational growth and capacity expansion.

To further enhance financial flexibility, LITEON plans to internationalize and diversify its fundraising channels and intends to issue GDRs or conduct a private placement of up to 200 million shares, subject to market conditions and shareholder approval.

Looking ahead to Q2 of 2026, LITEON expects its core businesses to deliver both Y-o-Y and Q-o-Q growth, supported by scaled shipments of 8.5kW PSUs and BBUs and the start of 110kW Power Shelf shipments. HVDC Power Racks are positioned as the next growth driver, with 50 VDC Power Rack in mass production and the 800 VDC Power Rack entering validation in H2. With a higher mix of high-value products, AI-related revenue is expected to reach approximately 30% in 2026. Meanwhile, power solutions for LEO satellites are expected to deliver robust growth in both Q2 and the full year, with revenue on track to double.

In this June, LITEON will showcase key AI, cloud, and high‑efficiency power infrastructure at COMPUTEX Taipei, highlighting its integrated edge computing, smart city solutions, and system integration capabilities.

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