Synnex's Q1 Profit Hits New High of NT$2.95 Billion, Up Over 60% Year-on-Year
Driven by strong AI momentum, Synnex announced its Q1 financial results, with revenue reaching NT$126.357 billion (up 38% YoY) and net profit attributable to the parent company reaching NT$2.954 billion (up 61.7% YoY). Both figures set new historical highs, with earnings per share at NT$1.77 for the quarter.
📋 Article Processing Timeline
- 📰 Published: May 5, 2026 at 19:18
- 🔍 Collected: May 5, 2026 at 19:31 (13 min after Published)
- 🤖 AI Analyzed: May 5, 2026 at 19:56 (24 min after Collected)
Central News Agency
(Central News Agency reporter Tseng Jen-kai, Taipei, 5th) Benefiting from strong AI momentum, Synnex today announced its Q1 financial report, with revenue reaching NT$126.357 billion, a 38% year-on-year increase; net profit attributable to the parent company was NT$2.954 billion, a 61.7% increase compared to the same period last year. Both revenue and profit set new historical highs, with earnings per share at NT$1.77 for the single quarter.
Synnex stated that driven by robust AI demand, both its commercial value-added and semiconductor businesses achieved new quarterly revenue highs in Q1. Simultaneously, due to optimized product mix and continuous improvement in operational efficiency, gross margin, operating margin, and net margin all saw increases.
Synnex indicated that with the accelerating adoption of AI applications, commercial value-added and semiconductors have become the main engines driving growth. Q1 commercial value-added business grew by 62% year-on-year, with AI servers and other data center products achieving triple-digit growth, and cloud services increasing by nearly 40% year-on-year.
Synnex's Q1 semiconductor business benefited from strong demand for memory and storage products driven by AI infrastructure, with revenue exceeding NT$50 billion for the first time, a 42% year-on-year increase. Furthermore, with the rise of Agentic AI, driving demand for high-spec, high-performance end devices, PC product revenue increased by over 30% year-on-year.
From a regional market perspective, Synnex's businesses across Asia-Pacific all grew in Q1, with Taiwan market showing the most outstanding performance with an 81% increase, China and Hong Kong/Macau growing by 40%, and Indonesia and Australia/New Zealand growing by 23% and 10% respectively. (Editor: Chang Chun-mao) 1150505
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(Central News Agency reporter Tseng Jen-kai, Taipei, 5th) Benefiting from strong AI momentum, Synnex today announced its Q1 financial report, with revenue reaching NT$126.357 billion, a 38% year-on-year increase; net profit attributable to the parent company was NT$2.954 billion, a 61.7% increase compared to the same period last year. Both revenue and profit set new historical highs, with earnings per share at NT$1.77 for the single quarter.
Synnex stated that driven by robust AI demand, both its commercial value-added and semiconductor businesses achieved new quarterly revenue highs in Q1. Simultaneously, due to optimized product mix and continuous improvement in operational efficiency, gross margin, operating margin, and net margin all saw increases.
Synnex indicated that with the accelerating adoption of AI applications, commercial value-added and semiconductors have become the main engines driving growth. Q1 commercial value-added business grew by 62% year-on-year, with AI servers and other data center products achieving triple-digit growth, and cloud services increasing by nearly 40% year-on-year.
Synnex's Q1 semiconductor business benefited from strong demand for memory and storage products driven by AI infrastructure, with revenue exceeding NT$50 billion for the first time, a 42% year-on-year increase. Furthermore, with the rise of Agentic AI, driving demand for high-spec, high-performance end devices, PC product revenue increased by over 30% year-on-year.
From a regional market perspective, Synnex's businesses across Asia-Pacific all grew in Q1, with Taiwan market showing the most outstanding performance with an 81% increase, China and Hong Kong/Macau growing by 40%, and Indonesia and Australia/New Zealand growing by 23% and 10% respectively. (Editor: Chang Chun-mao) 1150505
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