Delta Electronics
ConvictionContext
Vertically integrated design + manufacturing of power-conversion and thermal hardware sold B2B to hyperscalers, server ODMs, industrial, telecom, and EV OEM customers; high-mix component + system integrator, increasingly moving up-stack into rack-level power and cooling systems.
Revenue
NT$554.9B FY2025~$17B USD); TTM ~NT$597B (~$19-20B USD) through Q1 2026Rev growth
+32% YoY FY2025+36% YoY Q1 2026Gross margin
34.3% FY202537.0% Q1 2026 (recordOp margin
~16.3% Q4 202517.8% Q1 2026 (recordCapex intensity
not precisely disclosedelevated on capacity build-out (Thailand, India, US) to serve AI-power demandMarket cap
~$162B USDNT$5.18T) on TWSE:2308, Taiwan Stock Exchange; also OTC ADR DLEGY/DLEGF. Share price ~NT$1,995 early July 2026.The read
Where our coverage leans
Coverage leans bullish
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Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07 (FY2025 annual + Q1 FY2026 results, reported Apr 30 2026; market data as of early July 2026)· sign in (free) for the analyst summary; Pro unlocks full intelligence