ASUS (2357) Q1 2026 earnings summary

Executive summary

• Achieved record-high quarterly revenue of NT$194,051 million, up 44% year-over-year and 2% sequentially.

• Enterprise segment revenue surged 190% year-over-year, with strong growth in gaming (+20%) and consumer (+6%) segments.

• Demonstrated robust business portfolio with hyper-growth in enterprise and strategic partnerships, sustaining dominant market share in premium gaming and consumer markets.

Financial highlights

• Net profit for 1Q 2026 was NT$9,797 million, down 14% sequentially and 23% year-over-year.

• Gross margin was 13.8%, down from 14.8% in the previous quarter and 15.5% a year ago.

• Operating profit rose 30% sequentially to NT$10,502 million but declined 8% year-over-year.

• EPS for the quarter was NT$13.2, compared to NT$15.4 in 4Q 2025 and NT$17.2 in 1Q 2025.

• Cash and equivalents decreased 43% sequentially and 50% year-over-year to NT$42,829 million.

Outlook and guidance

• 2Q 2026 PC revenue expected to grow 10–15% sequentially and year-over-year.

• Component revenue projected to remain flat sequentially and decline 10% year-over-year.

• Server revenue forecasted to increase 50% sequentially and 200% year-over-year.