Delta Electronics Posts Second Straight Quarterly Revenue Record

Delta Electronics posted a second straight quarterly revenue record, with third-quarter sales rising 31% year over year to NT$197.1 billion as shipments of AI server power products and data center systems expanded. Revenue was up 8% from the prior quarter, extending growth after September revenue rose 14.6% year over year.

Gross profit increased 28% from a year earlier to NT$67.2 billion. Gross margin was 34.1%, down from 35.6% in the second quarter. Earnings per share were NT$9.04, compared with NT$9.68 in the prior quarter, as nonoperating income declined. The operating expense ratio fell to 17.5% from 18.9% in the second quarter. Operating income rose 31% year over year to NT$32.6 billion, with a 16.6% operating margin.

The power and components division generated NT$105.93 billion in revenue, up 40% from a year earlier and equal to 54% of total sales. Infrastructure revenue rose 25% to NT$65.88 billion, or 33% of sales. Automation revenue increased 19% to NT$15.9 billion, and the division returned to a profit.

For the first nine months, revenue totaled NT$539.668 billion and net income attributable to parent-company owners was NT$69.186 billion. Earnings per share of NT$26.64 exceeded the prior year's full-year figure of NT$23.14.