Goldman Sachs Sees Strong Medium- to Long-Term Growth for Wistron’s AI Servers
Wistron is a major global server original design manufacturer benefiting from cloud providers’ increased spending on generative AI infrastructure. Rack-scale AI servers have become a key growth driver. Goldman Sachs is upbeat about Wistron’s design, manufacturing and delivery capabilities, as well as its capacity expansion in the United States and Vietnam, which it believes will help consolidate the company’s market leadership and support medium- to long-term order momentum.
Wistron’s May revenue, boosted by demand for rack-scale AI servers, exceeded Goldman Sachs’ expectations. Monthly revenue could decline sequentially from June through August, however, as the company transitions between old and new models. Goldman Sachs maintained its “Buy” rating. The available event data did not disclose Wistron’s May revenue or Goldman’s price target, but growth is expected to regain momentum once the product transition is complete.
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The history behind this eventGoldman Raises Wiwynn Target to NT$10,000 on AI Server Demand
Wiwynn is a key supplier of servers for hyperscale data centers, tying its growth outlook closely to capital spending by major cloud service providers. Goldman Sachs expects continued investment in artificial intelligence infrastructure, alongside rising computing needs from agentic AI, to drive stronger-than-anticipated server demand and improve the Taiwanese company’s medium-term earnings visibility.
Goldman Sachs maintained its buy rating on Wiwynn in its latest report and sharply raised its 12-month price target to NT$10,000 per share. The bank forecast that revenue would post a compound annual growth rate of 32% from 2026 through 2028, supported by a richer mix of AI server products and expansion into new customers.
Goldman Sachs Bullish on Wiwynn as AI Server Shipments Ramp Up
Wiwynn supplies cloud data-center and server equipment, with demand for AI infrastructure a key growth driver. Goldman Sachs said some projects have shifted to a consignment model under which customers supply components. While that may weigh on recognized revenue in the short term, it can reduce materials as a share of costs and improve gross margins. Revenue changes therefore should not be viewed in isolation as evidence of weaker demand.
Goldman Sachs’ latest report said it expects Wiwynn’s ASIC AI server shipments to ramp up and its GPU AI rack product portfolio to continue expanding. It maintained a “Buy” rating and a price target of NT$7,147. As of July 20, 2026, the available information did not specify the report’s publication date or disclose shipment volumes and revenue forecasts for individual products.
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