Wiwynn Revenue Rebounds as JPMorgan Backs Second-Half AI Server Momentum
Server maker Wiwynn's revenue performance is viewed as a bellwether for the global AI supply chain. As cloud service giants such as Amazon Web Services expand infrastructure built around their proprietary AI chips, Wiwynn has secured several key hardware development projects since 2026. Reports from foreign financial institutions such as JPMorgan frequently use Wiwynn's performance to gauge second-half growth in the global cloud-server market and ASIC chip projects.
Wiwynn reported consolidated revenue of NT$111.371 billion for June 2026, up 32.51% from the previous month and a record monthly high. The rebound was driven primarily by demand for general-purpose servers and rising volumes for Amazon AWS's Trainium3 chip project. JPMorgan maintained its Overweight rating on the company and expects new projects to accelerate momentum again in the second half, lifting third-quarter revenue by about 20% from the previous quarter.
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The history behind this eventForeign Brokerages Back Wiwynn’s AI ASIC and General-Purpose Server Engines, See Revenue Growth Continuing in 2026
Wiwynn, a Wistron Group supplier of cloud data-center servers, is benefiting as hyperscalers expand AI infrastructure. Consolidated revenue reached NT$950.66 billion in 2025, up 163.7% from a year earlier, while net profit totaled NT$51.12 billion. AI products generated more than half of revenue, with ASIC systems accounting for 90% of that business, showing that operations have evolved from a reliance on general-purpose servers to a dual-engine model.
Following its February 26 earnings call, Goldman Sachs, Nomura Securities, UBS and Daiwa Capital all offered positive assessments. Institutional investors forecast revenue growth of 37% in 2026 and 20% in 2027, with EPS of about NT$330 and NT$400, respectively. On May 11, a U.S. brokerage raised its 2026–2028 EPS forecasts to NT$357.5, NT$466.8 and NT$539.4, named the stock a Top Pick, and cited expected second-half mass production of AWS Trainium 3 systems and new GPU products.
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