Galanz (stock code 8996) announced on Nov 11 its third-quarter 2026 financial results, reporting net profit of 530 million NTD, up 112% year-over-year, with earnings per share (EPS) of 5.7 NTD. For the first nine months, cumulative net profit reached 1.33 billion NTD, up 160.7% year-over-year, with EPS of 14.39 NTD—both quarterly and cumulative earnings set new records for the same period. The company's three core business segments—plate heat exchangers, fuel cells, and cooling systems—are all closely tied to AI industry supply chain development. Driven by rapid AI industry growth, Galanz expects to enter a "revenue doubling period" over the next three to five years, targeting simultaneous capacity doubling to expand revenue scale across all three segments.
Galanz Reports Record Q3 2026 Earnings with 112% Profit Growth
Galanz's third-quarter 2026 net profit totaled 530 million NTD, representing a 112% increase compared to the same period last year, with EPS of 5.7 NTD. Cumulative net profit for the first nine months reached 1.33 billion NTD, up 160.7% year-over-year, with EPS of 14.39 NTD. Both single-quarter and cumulative earnings marked all-time highs for the respective periods, according to the company's Nov 11 financial disclosure.
Liquid Cooling Business Poised for Recovery with New AI Server Platforms
In the liquid cooling segment, market analysts expect new products and new customers to reinvigorate Galanz's operational momentum. With new production capacity coming online, the segment is positioned to further support medium- to long-term operational performance. Analysts anticipate that as next-generation AI server platforms are progressively adopted, demand for cooling products will gradually rebound, providing sustained support for Galanz's subsequent operational growth.
Fuel Cell Segment Benefits from Bloom Energy Capacity Expansion to 5GW
The fuel cell business is experiencing rising market demand, with growth momentum equally promising going forward. Analysts note that Galanz stands to benefit from Bloom Energy's ongoing capacity expansion, with planned capacity increasing substantially from 1GW in 2025 to 5GW. As production scale expands, this is expected to further drive order growth for Galanz's fuel cell components.
Galanz Enters Nuclear Energy Sector Through Joint Venture Established in November
Beyond its three existing core businesses, Galanz is actively expanding into the nuclear energy sector. This month, the company announced a joint investment with Walsin Lihwa, Century Energy Equipment, and Taifeng Trading to establish "Huaxin Century Nuclear Systems Co., Ltd." The new entity will enter nuclear-related industries and is actively evaluating development opportunities for Small Modular Reactor (SMR) thermal management and modular products, opening new growth prospects for future operations.
Company Expands Taiwan and Overseas Production Capacity for AI Demand
To meet growing demand from AI cooling and related business segments, Galanz is simultaneously expanding its production capacity footprint in Taiwan and overseas markets.
FAQ
What were Galanz's earnings results for Q3 2026?
Galanz reported third-quarter 2026 net profit of 530 million NTD, up 112% year-over-year, with EPS of 5.7 NTD. For the first nine months, cumulative net profit reached 1.33 billion NTD, up 160.7% year-over-year, with EPS of 14.39 NTD—both representing record highs for the same periods.
What new business did Galanz enter in November 2026?
In November 2026, Galanz announced a joint investment with Walsin Lihwa, Century Energy Equipment, and Taifeng Trading to establish "Huaxin Century Nuclear Systems Co., Ltd.," entering the nuclear energy sector and evaluating Small Modular Reactor (SMR) thermal management opportunities.
How is Bloom Energy's capacity expansion affecting Galanz's fuel cell business?
Bloom Energy's planned capacity expansion from 1GW in 2025 to 5GW is expected to drive increased orders for Galanz's fuel cell components as production scale expands.
