算力需求毫无停滞迹象！AI 服务器 “代工三巨头” 11 月业绩齐创历史新高

The three major manufacturers of AI server OEMs, Quanta, Wistron, and Inventec, all achieved record monthly revenues in November, reflecting the continued investment by global cloud service providers in AI infrastructure construction, with strong growth in computing power demand showing no signs of stagnation.

The latest data shows that Wistron performed the best, with consolidated revenue reaching NT$ 280.624 billion in November, a month-on-month increase of 51.6% and a year-on-year increase of 194.6%. Quanta and Inventec reported revenues of NT$ 192.947 billion and NT$ 96.885 billion, respectively, with month-on-month increases of 11.4% and 6.2%.

Analysts expect that as NVIDIA's new GB300 architecture AI servers enter the peak shipping season, the three manufacturers are likely to achieve new highs this quarter, driving annual revenue growth of at least 50%.

This performance highlights the ongoing expansion of global AI computing power demand, providing investors with an important signal of the continued prosperity of the AI industry chain.

Wistron Leads Growth, AI Server Shipments Hit New Highs

Wistron's performance in November was the most impressive, with consolidated revenue of NT$ 280.624 billion, not only a month-on-month increase of 51.6% but also a significant year-on-year increase of 194.6%.

The company revealed that in November, laptop shipments reached 2.2 million units, an increase of 100,000 units month-on-month, while desktop computers and monitors both shipped 900,000 units, and AI server shipments reached a new peak.

Looking ahead to this quarter, Wistron has revised its laptop shipment forecast, adjusting from an estimated seasonal decrease of 5% to 10% to a decrease of 1% to 3%. Desktop computers and monitors are expected to maintain the same shipment levels in December as in November, while AI server shipments in December are expected to be slightly lower than in November, but still maintain a strong level for the quarter.

Quanta's Steady Growth, AI Momentum Continues to Strengthen

Quanta's consolidated revenue in November was NT$ 192.947 billion, a month-on-month increase of 11.4% and a year-on-year increase of 36.5%, mainly benefiting from increased momentum in AI server shipments. The company's statistics show that laptop shipments in November were 3.5 million units, consistent with October.

Looking ahead to this quarter's operations, Quanta stated that overall shipment performance will align with previous expectations from its earnings call. Laptop shipments are expected to decrease by double-digit percentages, while AI server shipments are expected to grow by double digits, with general-purpose server shipments remaining stable due to a decrease in shipments of older models.

Inventec Expands Capacity, New U.S. Plant Capacity Set to Launch

Inventec's consolidated revenue in November was NT$ 96.885 billion, a month-on-month increase of 6.2% and a year-on-year increase of 158.6%. Analysts pointed out that benefiting from the continued ramp-up of large customer projects from cloud service providers, along with the new U.S. plant's capacity set to launch in December, Inventec's performance in December is expected to maintain the high levels seen in November The production of WeiYing's new factory in the United States will further enhance its AI server supply capacity, helping to meet the growing demand for computing power in the North American market.

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