
Benefiting from strong demand for edge AI, semiconductor equipment and robotics applications, single-quarter revenue exceeded the US$1 billion mark for the first time.
AI-generated summary
Advantech, a major industrial computer manufacturer, has recently benefited from the expansion of demand for edge AI and automation applications.
Industrial computer giant Advantech (2395) benefited from strong demand for edge AI, semiconductor equipment and robot applications. Its revenue in the third quarter was 32.44 billion yuan, a record high in a single quarter, and exceeded the US$1 billion mark. Advantech said that the recent order-to-bill ratio (B/B Ratio) has continued to increase quarterly, and the growth momentum in major market regions has remained strong.
Advantech's revenue in September was 10.749 billion yuan, a monthly increase of 3.2% and an annual increase of 73.14%. In the third quarter, revenue was 32.44 billion yuan, a quarterly increase of 24.1% and an annual increase of 83%. The cumulative revenue in the first three quarters of this year was 78.952 billion yuan, an annual increase of 49.08%.
Advantech observed the performance of each business group in September. The four major business groups showed double-digit growth across the board. Among them, the intelligent system business group increased by 64% annually, the embedded business group increased by 61% annually, the IoT automation business group increased by 50% annually, and the intelligent service business group increased by 12% annually. The embedded computing and peripheral systems (EIoT) of the embedded business group increased by 75% annually, and the application computer group (ACG) increased by 43% annually.
In terms of regional markets, North America's September revenue increased by 108% annually, the highest growth rate among all markets; Japan increased by 94% annually, Taiwan increased by 86% annually, China and South Korea both increased by 68% annually, Europe increased by 38% annually, and emerging markets grew by single digits. In the first nine months of the cumulative total, all regional markets showed double-digit growth, with annual growth of 72% in Taiwan, 61% in South Korea, 58% in North America, and 55% in China.
Chen Qingxi, Advantech's Chief Financial Officer and General Manager of Integrated Operations and Management, said that benefiting from the edge AI market trend and strong demand in application fields such as semiconductor equipment and robots, third-quarter revenue has reached a new milestone; the recent B/B value has maintained a quarterly increase, indicating that the growth momentum in each major market region remains strong.
In terms of production capacity layout, Advantech continues to invest in the U.S., Japan and Taiwan markets. Among them, the new headquarters in Tustin, Southern California, has been officially put into production, strengthening local assembly, technical services and customer collaboration capabilities in the United States, and accelerating the introduction of solutions.
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