Preface

This article delves into the impressive financial achievements of Delta Electronics from last year and their aspirations for continued growth this year. As a major player in the power supply industry, Delta Electronics has displayed remarkable resilience and adaptability amidst evolving market trends, consistently outperforming its historical benchmarks.

Lazy bag

Delta Electronics' stunning 2023 performance: a record NT$421.1 billion in revenue, driven by AI and infrastructure advances, positions them for future success.

Main Body

As of January 8th, Delta Electronics (2308-TW), a leading manufacturer in the power supply sector, has reported its financial performance for December and the entire year of 2023. The company's revenue for December reached NT$38.739 billion, reflecting a monthly increase of 5.7% and an annual increase of 22.2%. Additionally, the revenue for the fourth quarter amounted to NT$114.202 billion, experiencing a growth of 1.78% compared to the previous quarter and 14.2% year-over-year. The total annual revenue for 2023 was an impressive NT$421.147 billion, marking a yearly increase of 4.97%.

Delta Electronics showcased significant achievements as December revenue hit its second-highest monthly record, and fourth-quarter earnings reached historical highs for a single quarter. Reflecting on the past year, the firm consistently broke its own records, setting unmatched benchmarks in revenue generation. Analyzing the revenue distribution for December, the power and components sector held a 48% share, infrastructure accounted for 32%, automation contributed to 13%, and transportation made up the remaining 7%.

Looking ahead to this year, Delta Electronics aims for consistent, stable growth. The company remains optimistic about the prospects of artificial intelligence (AI), identifying it as a major trend. Delta anticipates its AI power and thermal business will benefit from the increasing demand of the new generation AI server platforms, potentially serving as a significant growth driver for the company in the coming years. Their strategic focus on AI advancements aligns with emerging technologies, making Delta well-prepared for future challenges and opportunities in the tech industry.

Key Insights Table