ASUS just posted record breaking financial results for Q2 as AI server and PC sales spiked. The company saw net profit surge over 90% while setting an all time high earnings per share of NT 25.64. Management also announced a massive 2.5 billion USD overseas fundraising plan to secure long term supply chains.
During the investor conference today, corporate leadership detailed the strong financial performance. Group revenue reached NT 257.733 billion and brand revenue hit NT 241.056 billion. Gross margin pushed past 17% while operating margin cleared the 8% mark. These metrics yielded a net profit of NT 19.048 billion, representing a massive jump for the business.
Prospects look even better for Q3. Chief Financial Officer Nick Wu expects the PC division to grow between 15 and 20% compared to Q2. Hardware components like motherboards and graphics cards should see a rise of 5 to 10%. The server division is growing fastest of all. With booming corporate interest, AI server sales will rise 10 to 15% this quarter, which represents a 150% expansion compared to last year.
This rapid growth has forced ASUS to adjust its full year projections. The firm previously estimated that its AI server shipments would double this year. They now expect that specific sector to expand by at least 150%. Order visibility remains clear for the next 2 years, giving the board confidence to fund expansion.
To fund these operations, the board approved a massive fundraising campaign today. ASUS will issue overseas bonds for the first time in its history to secure 2.5 billion USD. This includes 1.5 billion USD in overseas convertible bonds backed by company stock. The remaining 1.0 billion USD will come from exchangeable bonds backed by shares of Advantech, a firm in which ASUS holds a large equity position. This financial cushion will protect the supply chain as manufacturing ramps up.
