Why did ASUSTeK Computer (AKCPF) report a 94 per cent jump in profit?

Sonal Goyal

28 October 2026 05:00 PM AEDT

Why did ASUSTeK Computer (AKCPF) report a 94 per cent jump in profit?

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Key Highlights

ASUSTeK reported second-quarter 2026 net Revenue of NT$241,056 million, up 39 per cent from a year earlier.
Net profit was NT$19,048 million, up 94 per cent on both the previous quarter and the year, with Earnings Per Share of NT$25.6.
Inventories rose to NT$339,906 million at 30 June 2026, up 141 per cent on the year.

The latest results

ASUSTeK Computer (OTC:AKCPF), the Taiwan-based maker of PCs, servers and components, held its second-quarter 2026 investor conference on 12 August 2026. Its shares are quoted over the counter in the United States under the symbol AKCPF, with the home-market listing in Taiwan. No third-quarter conference was listed on the company's investor page at the time of writing.

All figures below come from the company's unaudited presentation and are in New Taiwan dollars. Net revenue was NT$241,056 million, up 24 per cent from NT$194,051 million in the first quarter and up 39 per cent from NT$174,018 million a year earlier.

Profit and margins

Gross profit was NT$39,857 million, a gross Margin of 16.5 per cent compared with 13.8 per cent in the first quarter and 12.4 per cent a year earlier. Operating profit was NT$19,638 million, an Operating Margin of 8.1 per cent against 5.4 per cent in the first quarter and 3.4 per cent a year earlier.

Non-operating items added NT$5,036 million, including exchange gains of NT$1,221 million, Dividend income of NT$1,803 million and Investment income of NT$1,472 million. Pre-tax profit was NT$24,674 million and tax was NT$5,626 million, leaving net profit of NT$19,048 million, up 94 per cent both on the previous quarter and on the year.

Earnings per share were NT$25.6, against NT$13.2 in the first quarter. The presentation does not state the year-earlier per-share figure clearly, so no annual comparison is made here.

Gross profit grew 85 per cent year on year, faster than revenue growth of 39 per cent. Non-operating items contributed about a fifth of pre-tax profit, though they fell 2 per cent year on year.

Business lines

The company said server revenue, reported under Infrastructure Solutions, was about double the year-earlier level. PC revenue rose 20 per cent year on year, with commercial PC shipments up 50 per cent and high-value products accounting for more than 65 per cent of revenue. Open Platform revenue fell by 10 to 15 per cent, although NUC revenue rose 30 per cent. The components Business was described as recovering from a cyclical trough.

For the third quarter, the company outlined expectations of PC revenue up 15 to 20 per cent on the second quarter, server revenue up 10 to 15 per cent and components up 5 to 10 per cent. These are management outlooks, not results.

Balance sheet

Inventories at 30 June 2026 were NT$339,906 million, up 38 per cent on the quarter and 141 per cent on the year, and average inventory days rose to 154 from 122 in the first quarter. Cash was NT$70,948 million, Accounts Receivable NT$165,363 million, Accounts Payable NT$194,515 million and total Assets NT$803,354 million, up 31 per cent on the quarter.

The presentation extract does not explain how much of the inventory growth reflects pre-buying or product mix. Points to watch include whether margins hold near the 16.5 per cent gross level reported for the second quarter, whether inventories begin to normalise, and whether the guided third-quarter growth in PCs and servers is achieved.

FAQs

Q: What were ASUSTeK's second-quarter 2026 results?

A: Net revenue was NT$241,056 million, up 39 per cent year on year. Net profit was NT$19,048 million, up 94 per cent, and earnings per share were NT$25.6.

Q: How did ASUSTeK's business lines perform?

A: Server revenue was about double the year-earlier level and PC revenue rose 20 per cent, with commercial PC shipments up 50 per cent. Open Platform revenue fell by 10 to 15 per cent, while NUC revenue rose 30 per cent.

Q: What is ASUSTeK's third-quarter outlook?

A: Management outlined expectations of PC revenue up 15 to 20 per cent, server revenue up 10 to 15 per cent and components up 5 to 10 per cent on the second quarter. These are outlooks, not results.

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