LITEON Reports Q3 Revenue of NT$57.4 Billion Amid AI Infrastructure Growth

LITEON Technology reported third-quarter consolidated revenue of NT$57.4 billion, a 9% increase sequentially and a 28% rise year-over-year. Net profit for the period reached NT$7.4 billion, with earnings per share (EPS) of NT$3.27, representing a record high for the company.

The results were driven by the expansion of the company’s cloud and IoT business, which saw significant growth as demand for AI-related power management and data center infrastructure persists. President Anson Chiu stated that AI-focused business now accounts for more than 30% of total revenue, with the company aiming to further penetrate the AI power management and liquid cooling markets.

To streamline operations, the LITEON board approved the spin-off of its LITEON Rack business. Additionally, the company is investing in high-power transformers and inductors to bolster its component offerings. Looking ahead to the fourth quarter, LITEON anticipates continued growth as it ramps up production of advanced power solutions for AI servers and satellite applications.