Giga-Byte Technology (Giga Computing)
ConvictionContext
Vertically-integrated hardware manufacturer + ODM: designs and builds motherboards, graphics cards, laptops, and (via Giga Computing subsidiary) enterprise/AI servers and GIGAPOD rack-scale systems; sells through channel/OEM and increasingly direct to CSPs and enterprise. Low-margin, high-volume, component-cost-pass-through model.
Revenue
~$11.8B TTMNT$376.25B, +36.5% YoY); FY2025 NT$336.9B (~$10.5B, +27%Rev growth
+36.5% TTM YoYFY2025 +27%; Q1 FY2026 +59.8% YoY / +17.6% QoQGross margin
~10.4%FY2025 10.44%, down 0.15pp) — thin, AI-server mix dilutiveOp margin
~5.0%FY2025 4.98%, up 0.16ppCapex intensity
Low~0.3% of revenue (FY2025 capex NT$1.121B; 2026 plan ~NT$2.0-2.5B, roughly doubled to expand AI-server capacity + internal AI compute) — asset-light vs peersMarket cap
~$7.0BNT$225.42B, TWSE:2376, 2026-07-06The read
Where our coverage leans
Coverage leans bullish
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Full financial intelligence for Giga-Byte Technology (Giga Computing)
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
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