ASUS June Revenue Surpasses NT$100 Billion for the First Time as AI Servers Drive Full-Year Target Upgrade
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ASUS posted NT$106.72 billion in June consolidated revenue — its first-ever month above NT$100 billion, up 55.63% year-on-year — and raised its full-year server revenue growth target to at least 100%, even as PC shipments face a 10%-15% headwind.
Where did the record month come from?
ASUS (2357.TW) reported June consolidated revenue of NT$106.72 billion (~US$3.3 billion), up 54.46% month-on-month and 55.63% year-on-year.
It was the company's first month above the NT$100 billion mark. ASUS attributed the milestone squarely to sustained AI server demand.
This means → AI servers are no longer a side business; they are the engine lifting ASUS's entire revenue to a new tier.
How strong was the first-half momentum?
Q2 consolidated revenue hit NT$257.73 billion, up 23.69% quarter-on-quarter and 37.09% year-on-year — a quarterly record.
First-half revenue totalled NT$466.611 billion, up 38.85% year-on-year, also a record for the period.
Both group and brand revenue hit all-time highs in June and Q2 — the growth is broad-based, not carried by a single segment.
Why did ASUS raise the AI server target again?
ASUS had already lifted its full-year server revenue growth target from 50%-100% to "at least 100%", citing improving demand visibility.
In plain terms = management previously treated a doubling as the optimistic scenario; now it treats a doubling as the floor.
The company also said it expects full-year 2026 revenue to set a new all-time high. This reflects growing confidence in second-half shipment pacing.
What headwinds does the PC business face?
Industry forecasts project global PC shipments to decline 10%-15% in 2026. ASUS aims to hold its own shipments roughly flat with 2025.
Rising memory prices are pushing average selling prices higher, and the company expects full-year PC revenue to come in flat to slightly up.
This means → ASUS's PC playbook is "sell fewer units at higher prices" — using ASP uplift to offset the volume decline.
Will this year's PC sales rhythm look unusual?
Memory price increases prompted channel partners to stock up early in Q1, potentially disrupting the usual pattern of stronger second-half demand.
ASUS expects 2026 sales to skew toward the first half, possibly in a 60:40 or even 70:30 split.
In plain terms = PC peak season normally falls in H2, but this year channel buyers front-loaded inventory to beat price hikes — the peak may already have been "borrowed" into H1.
What should investors watch in the second half?
Variable one: whether the "at least double" server growth target converts into actual H2 shipments — a raised target still needs orders to back it up.
Variable two: whether PC ASP gains can keep offsetting shipment declines — if memory prices plateau or fall, the ASP support weakens.
These two variables will determine whether ASUS's full year reads as "beat expectations" or "strong start, soft finish."
Content is for reference only, not financial advice.