ASPEED Technology (5274) Investor presentation summary

Profile and revenue

• Founded in 2004; fabless-lite IC design business with 103 employees as of June 2026.

• Revenue for 2026 YTD through September was NT$11,804m, up 77.73% YoY.

• Product areas include cloud and enterprise BMC/BIC/PFR, plus Smart AV; ranked No. 1 in BMC, 1G Ethernet AV over IP and commercial 360° cameras.

2Q26 financial results

• Revenue was NT$3,871m, up 23.03% QoQ and 72.33% YoY; gross margin was 72.00%, up 2.82ppts QoQ and 4.13ppts YoY.

• Operating profit was NT$2,086m, up 25.73% QoQ and 76.16% YoY; operating margin was 53.88%, up 1.16ppts QoQ and 1.17ppts YoY.

• Net income was NT$1,842m, up 30.23% QoQ and 192.76% YoY; net profit margin was 47.57%, up 2.63ppts QoQ and 19.57ppts YoY.

• Basic EPS was NT$44.27, up 18.34% QoQ and 165.89% YoY.

• 2Q25 net income reflected a one-time FX loss, while 3Q25 benefited from an FX gain.

Product portfolio and strategy

• Server portfolio spans BMC AST2500/2600/2700/2750/2755; SMC AST1030/1040; SMC with eFPGA AST1840; PROT AST1060/1080; and I/O Expander AST1700.

• New-generation chips integrate Caliptra; product roles cover platform protection, multi-card management and connectivity across decoupled modules.

• AST1840 embeds FPGA logic in collaboration with Lattice, enabling programmable control; presented designs support multi-node configurations without external FPGA.

• Enterprise value strategy targets higher dollar content per server board and high margins through a leading product roadmap.