Lite-On Q3 EPS Hits Record NT$3.27 as AI Passes 30% of Revenue

Lite-On Technology reported record third-quarter earnings per share of NT$3.27 on Oct. 30, with net profit up about 60% year on year to NT$7.4 billion and AI-related products passing 30% of revenue for the first time, according to Taiwanese business press coverage of its results and investor call.

Consolidated revenue was NT$57.4 billion, up 9% from the second quarter and 28% from a year earlier, Business Next reported. Nextapple News put the gross margin at 25.9%, up 0.9 percentage points year on year, and the operating margin at 15.1%, up 4.7 points. For the first nine months, EPS reached NT$8.08, up 64% and already above the NT$6.64 the company earned in all of 2025, China Times reported. Lite-On president Sam Chiu said cloud-computing revenue grew 80% in the nine months.

The segment split shows where the money came from. The cloud and IoT division booked NT$33.75 billion in Q3 revenue, up 57% and 59% of the total, with operating profit of NT$7.11 billion, up 114%, Business Next said. Chiu told the call the AI share could reach 40% to 50% of revenue in 2027.

What the rack power numbers show

Chiu said server power supply ratings have climbed from 3.3 kW and 5.5 kW to 8.5 kW, while power shelves that combine several modules now reach the 110 kW class, according to Business Next. Those are electrical ratings of the equipment, not a measured rack load. Higher ratings also lift the average selling price per unit, he said.

For the fourth quarter, Lite-On expects 8.5 kW power supplies for custom ASIC accelerators and battery backup units (BBUs) to enter volume production, alongside a 110 kW power shelf for NVIDIA's Vera Rubin generation and a 42-inch Helios power shelf, China Times and Nextapple reported. The reports do not name the customers for each product.

The 800 V DC (800 VDC) power rack is the next step. Chiu said the first samples went out at the end of August, a second batch follows in November, and shipments could begin as early as the first quarter of 2027 if validation goes well, Business Next reported. He said early volumes depend on customers' build schedules and power availability. The same shift is behind recent 800 VDC supply deals and component work Voltgrid has covered.

Power supply is slowing orders

Demand is strong, but power availability is limiting it. Chiu said some US customers delayed pulls because their sites lacked electricity: orders were weak in the first quarter, recovered in the second and eased slightly in the third, per Business Next. He expects the fourth quarter to be better than the third and noted that major cloud providers have not cut this year's capital spending.

Inventory shows the strain. Lite-On held NT$66.09 billion of stock at the end of September, or 108 days against 59 a year earlier, which Chiu attributed to early purchases of printed circuit boards, high-voltage capacitors and semiconductors and to customers asking it to keep finished goods ready to their forecasts.

Capacity and cooling

Lite-On raised 2026 capital spending to NT$19.7 billion from NT$18 billion and expects more in 2027, China Times reported. A new Vietnam plant is due to open in November, the second phase of its Kaohsiung site is expected to receive its occupancy permit in December, and a Texas plant is planned to start in the second quarter of 2027.

The company also showed a 2.6 MW coolant distribution unit (CDU) at the OCP Global Summit in October, Nextapple said, and its board approved spinning off an advanced infrastructure unit with a Jan. 1, 2027 effective date to speed its liquid-cooling business. For cooling buyers, the pairing of rack power and heat removal from one supplier is the point to watch, as Vertiv's SmartIT bundle already does.

What is not confirmed yet

The 800 VDC shipment date is Lite-On's earliest case, not a commitment, and the reports give no unit volumes or customer names. The figures here come from press accounts of the Oct. 30 call; this report did not review Lite-On's exchange filing.