Industrial computer maker Advantech Co (研華) yesterday said that revenue last quarter showed a stronger-than-expected performance on the back of order momentum from North America and China, and that it expected the growth momentum to extend into this quarter.
The company also attributed the milder impact from foreign-exchange losses due to the New Taiwan dollar’s appreciation against the US dollar to better third-quarter performance.
“The actual impact has been smaller than expected, as the local currency weakened,” the official said.
Photo courtesy of Advantech Co
The company did not provide detailed financial figures. In August, the company estimated revenue in the third quarter would be between US$555 million and US$575 million.
Advantech mainly produces industrial computers and Internet of Things hardware and software platforms that enable automation, connectivity, and intelligent systems across manufacturing, healthcare, transportation and service industries.
The company expected revenue from the North America to grow by a double-digit percentage in the third quarter from a year ago driven by stronger sales of medical and audio-video equipment. North America was the biggest market for the company, accounting for 30 percent of Advantech’s revenue in the first half.
With several Taiwanese manufacturers planning factories in response to Washington’s “Made in America” policy, Advantech’s North American automation sales are expected to continue rising this quarter, an official said on condition of anonymity.
Third-quarter revenue from China has also grown by a high single-digit percentage from the same period last year, driven by stronger shipments of automated inspection equipment, the official said.
China made up 21 percent of the company’s revenue in the first half.
Growth momentum this quarter is expected to come mainly from China and the US, where demand remains strong, the official said.
Advantech yesterday announced a strategic collaboration with Edge Impulse Inc, a Silicon Valley-based edge artificial intelligence (AI) development platform of Qualcomm Inc.
The collaboration would integrate Edge Impulse’s AI development tools into Advantech’s edge computing platforms, the company said, adding that several system integrators are already testing the platforms.
The collaboration, together with Advantech’s earlier partnership with Germany-based software developer Nagarro SE, could boost sales of AI industrial motherboards, inference systems, servers, industrial cameras and development kits as early as next year, the official said.
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