TAIPEI (Taiwan News) — Power-supply maker Lite-On Technology Corp. posted robust third-quarter results on Wednesday, driven by demand for artificial intelligence servers and cloud power products.
The company reported Q3 earnings per share of NT$2.05 (US$0.067), its highest quarterly EPS in nearly two decades. Consolidated revenue reached NT$44.9 billion, up 11% from the previous quarter and 22% year-on-year — a near three-year high, according to CTEE.
President Chiu Sen-pin (邱森彬) said AI-related products are expected to account for 20% of total revenue this year, above an earlier 15% forecast, with potential for further growth next year. He also cited rising demand for high-wattage power supplies, battery backup units, and liquid cooling systems, supporting expectations for both quarterly and annual growth in Q4.
As AI data centers require more computing power, traditional architectures are being phased out. Google estimates that by 2030, each IT rack could need over 500 kilowatts, highlighting growing demand for high-capacity power solutions like those Lite-On provides, per CTEE.
Richtek Technology noted that applications in AI data centers, communication base stations, and optical fiber equipment require more than simple voltage regulation. These designs demand rapid transient response, high efficiency, precise output, and compact printed circuit board layouts.
Lite-On is expanding production domestically and internationally, with capital expenditures projected to rise about 25% this year to NT$6–7 billion. Chiu said next year’s spending is expected to reach NT$7 billion.
Despite the positive outlook, some foreign investors said operating profit fell short of expectations due to one-time costs such as prepaid tariffs, which could temper enthusiasm for Lite-On’s AI power business.
Shares had risen nearly 20% over six trading sessions before the earnings release, reaching a record NT$197, but fell below the five-day moving average on Thursday. Peer Delta Electronics also declined more than 4% from its all-time high.
Institutional investors said Lite-On’s battery backup unit module customers are expected to increase from two this year to three next year, with fully booked orders and rising shipments of high-voltage direct current power solutions. However, they remain cautious due to three factors: a planned NT$12 billion fundraising that could dilute EPS; a conservative capacity expansion suggesting moderate growth next year; and potential chip-supply disruptions from export-control tensions between Europe and China that could affect up to NT$3 billion in revenue.
