Taiwan ODM and Brands 3-Month Preview

This report provides a 3-month revenue preview for seven Taiwan-based AI server and PC ODM/brand companies. While year-over-year revenue trends remain strong, the sector faces near-term MoM flat growth due to AI server model transitions and PC demand normalization.

Key Takeaways

• 1.June revenue for covered Taiwan ODM/Brand companies expected to be flat MoM on average, though YoY growth remains robust (+39%) driven by AI servers and smartphone model ramps.
• 2.AI server components and ASIC AI server penetration are identified as key long-term structural growth drivers, offsetting near-term PC consumption pull-in effects.

Table of Contents

• Taiwan ODM/Brands: 3-month preview
• Mar to Aug 2026 revenue trends for Taiwan server / PC names
• Hon Hai (2317.TW, Buy, on APAC CL): AI servers remain key growth driver
• Quanta (2382.TW, Neutral): AI server ramp-up while model transition and PC pull-in may weigh on 3Q26
• AVC (3017.TW, Buy): GPU and ASIC AI servers driving liquid cooling penetration rate
• Wiwynn (6669.TW, Buy): ASIC AI servers support growth ahead
• ASUS (2357.TW, Neutral): PC product mix upgrade and rack-level AI servers supporting 2H26 growth
• Compal (2324.TW, Neutral): Global capacity ramping up to support AI servers
• Inventec (2356.TW, Neutral): Server business in expansion
• Disclosure Appendix

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