Delta Electronics Inc (台達電) yesterday reported revenue of NT$159.35 billion (US$5.02 billion) for the first quarter of this year, up 34 percent from a year earlier and marking the highest for the January-to-March period in the firm’s history.
The results underscored the company’s still-strong shipments of power electronics — such as power supplies, thermal management products and passive components — and infrastructure-related products for data centers and power networking in the quarter, despite it usually being a low season.
Owing to fewer working days than a quarter earlier and lower contributions from its automation and mobility businesses, first-quarter revenue fell 1.42 percent from the previous quarter, company data showed.
Photo courtesy of Delta Electronics Inc
However, Delta Electronics expect second-quarter revenue to be larger than the first-quarter figure, chairman Ping Cheng (鄭平) told investors on Feb. 26, citing robust demand for the company’s artificial intelligence (AI) server power and liquid cooling products.
Delta Electronics — the largest vendor of power supply components in the world, as well as a key supplier of servo motors, inverters and programmable logic controllers in China — also reported that sales last month hit a record NT$59.78 billion.
Power electronics accounted for 53 percent of sales last month, while infrastructure-related products contributed 33 percent, it said in a statement.
Automation devices, such as controllers, robotic arms and building management systems, made up 9 percent of its sales last month, while mobility applications, including those for electric vehicle charging, made up 4 percent, it added.
Analysts at Goldman Sachs Group Inc and Daiwa Securities Group Inc in separate notes said Delta Electronics would continue to see a solid revenue and profitability uptrend this year, given increasing contributions from its AI-related power products, as well as the production ramp-up of its high-voltage direct current energy systems for AI servers and data centers later this year.
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