Delta Q3 revenue hits record on AI server power demand
Delta Electronics reported third-quarter consolidated revenue of NT$197.059 billion, up 7.5% quarter on quarter and about 31.1% year on year, a record for a single quarter; September revenue was NT$65.4 billion, up 1.3% sequentially and 14.6% year on year, while the first nine months totaled NT$539.668 billion, up 37.2%. The company said strong AI server and data-center power demand drove the mix, with power and components at 51% of September revenue and infrastructure at 35%; chairman Cheng Ping said it has not yet seen signs of AI buildout demand slowing and expects AI-related revenue to exceed 25% of the total this year, up from 18% last year, with liquid-cooling products above 12%. Analysts expect double-digit sequential growth in the fourth quarter on higher AI server power shipments, volume production of a new-generation power rack and high-voltage DC products, while UBS estimates the global AI server power market will grow from US$17.7 billion in 2026 to US$38.2 billion in 2027.
Delta's power and liquid-cooling business is a key link in AI data-center buildouts, so its shipments and guidance offer a read on the pace of AI infrastructure spending.