ASBISc Enterprises Plc reported Q3 2026 revenue of $2,187 million, a 135% year-over-year increase from $929.5 million in Q3 2025. Net income surged 343% to $51.6 million. The company attributed the surge to AI infrastructure demand, particularly in servers and server blocks, which generated $1,185.5 million in Q3, a 545% year-over-year jump representing 54% of total revenue.
NVIDIA GPU servers accounted for 82% of total server sales. ASBISc reported a six-month server pipeline valued at $530 million across 281 projects, with 8,200 GPU units across 143 projects.
Smartphones were the second-largest category at $548.4 million, up 78% year-over-year, while CPU sales declined 39% to $62.2 million. For the nine-month period, revenue reached $5,151.9 million, up 97% year-over-year, with net income at $132.2 million, a 325% increase.
Western Europe became the largest regional contributor at $710.4 million in Q3, up 590% year-over-year. The Netherlands generated $605 million in Q3 and $932 million for the nine-month period with 710% growth. Taiwan surged 859% to $585 million for nine months.
Gross profit margin compressed to 6.16% in Q3 from 7.03% in Q3 2025 due to accepting lower-margin business to win large AI infrastructure projects. Operating margin expanded to 3.40% from 2.51%, and net margin improved to 2.36% from 1.25%.
The company maintained nearly flat headcount at 2,758 employees in Q3 2026 versus 2,734 in Q3 2025. SG&A costs reached 2.8% of revenue in Q3. Cash and cash equivalents climbed 143% to $272.7 million, while net debt fell 98% to $3.8 million including factoring.
The Board approved an interim dividend of $0.35 per share payable November 26, 2026. Shares jumped 8.05% to $153 following the results.
ASBISc (WSE:ASB) outlined 2027 priorities on servers, Apple and Samsung businesses, geographic expansion in CIS countries and Western Europe, and margin improvement. Key risks cited include geopolitical instability, supply chain disruptions, foreign exchange volatility, and high interest rates.