Taiwan-based PC and motherboard manufacturers ASUS (2357-TW) and GIGABYTE (2376-TW) held investor conferences, releasing AI server business outlook and global capacity plans. Both companies identified AI servers as the core growth driver for 2027 operations, with ASUS projecting Q4 2026 server revenue growth of 150% quarter-over-quarter and GIGABYTE stating AI server order visibility extends through the end of 2027. The strategic focus reflects enterprise customers' accelerating investment in AI infrastructure and on-premises data center expansion.
ASUS Projects 150% Server Revenue Growth in Q4 2026
ASUS CFO Wu Chang-jung stated that Q4 2026 server revenue is projected to increase 150% quarter-over-quarter and 280% year-over-year, driven by strong order momentum and shipments of orders deferred from Q3 2026. ASUS Co-CEOs Hsu Hsien-yueh and Hu Shu-pin confirmed that Q3 2026 server revenue grew 100% year-over-year despite some data center customer deployment delays that shifted shipments to Q4, with servers accounting for 30% of total brand revenue. Both executives expressed confidence in achieving at least 150% full-year server revenue growth for 2026.
Looking to 2027, Co-CEO Hu Shu-pin stated ASUS is confident in achieving double-digit or even high double-digit year-over-year server business growth, with internal targets aspiring to triple-digit growth.
GIGABYTE Raises 2027 Capex to NT$4 Billion for AI Server Expansion
GIGABYTE Group Co-General Manager Lee Yi-tai stated that customer demand for AI servers remains very strong with continuously improving visibility, with growth momentum expected to continue through the end of 2027. Spokesperson Liu Wen-chung projected that as economies of scale expand and expense ratios optimize, 2027 operating profit growth will exceed revenue growth.
To meet strong customer demand, GIGABYTE is adjusting global production layout and increasing capital expenditures. Liu disclosed that 2026 capex is planned at approximately NT$2.8 to 3 billion, with 2027 capex estimated to increase to NT$4 billion.
GIGABYTE Expands Production Capacity Across Taiwan, US, and Southeast Asia
GIGABYTE's Taiwan facilities will continue capacity expansion to support high-end product manufacturing, engineering, and system integration needs. The US facility serves as the core for enhancing local supply flexibility in the North American market, accelerating customer certification, and improving delivery efficiency. Malaysia and other Southeast Asian sites will gradually expand capacity based on customer needs and supply chain strategies.
ASUS CPU Server Revenue Grows 80% Year-Over-Year in Q3 2026
Enterprise customers expanding on-premises data centers to support AI workloads have generated significant demand for ASUS general-purpose CPU servers. Co-CEO Hu Shu-pin disclosed that Q3 2026 general-purpose CPU server revenue grew 80% year-over-year, accounting for 20% of internal server revenue. Beyond GPU servers, general-purpose CPU servers will be a key focus for aggressive expansion.
For GIGABYTE's 2027 new projects, spokesperson Liu Wen-chung analyzed that growth drivers mainly come from overall market demand expansion, increased number of new customers, and providing existing customers with more diversified product solutions covering hardware, software, and liquid cooling cabinets.
Executives Address Data Center Market Consolidation Risks
Co-CEO Hu Shu-pin analyzed two recent market changes: tightening capital market financing conditions and stricter local government regulation of data centers following US midterm elections. These factors may lead to consolidation or elimination of financially weaker Tier 2 and Tier 3 cloud service providers or NeoClouds, concentrating the industry among core players with financial stability, energy access, and balanced environmental and community development. Hu confirmed that ASUS's approved construction projects and order demand for Q4 2026 and 2027 have not experienced delays.
Co-GM Lee Yi-tai emphasized that GIGABYTE maintains robust operational quality in NeoCloud customer due diligence and risk control, managing risks through customer portfolio and system strategy flexibility. Regarding NVIDIA's new management team, Lee stated that cooperation from management to execution levels, products, and marketing remains deeply integrated top-to-bottom, with overall collaboration strategy unchanged.
FAQ
What is ASUS's projected server revenue growth for Q4 2026?
ASUS CFO Wu Chang-jung stated that Q4 2026 server revenue is projected to grow 150% quarter-over-quarter and 280% year-over-year, driven by strong order momentum and deferred Q3 2026 shipments.
How much capex is GIGABYTE planning for 2027?
GIGABYTE spokesperson Liu Wen-chung disclosed that 2027 capital expenditures are estimated at NT$4 billion, up from approximately NT$2.8 to 3 billion planned for 2026, to support AI server capacity expansion.
