Compal's March Revenue Hits 41-Month High, Q1 Returns to NT$200 Billion

Compal's consolidated revenue for the first quarter of this year reached NT$201.304 billion, representing a quarterly increase of 5.5% and an annual increase of 1.1%, returning to the NT$200 billion mark after a four-quarter hiatus.

In March, Compal shipped 2.8 million notebook computers, a significant increase of 1.3 million units from February. For the first quarter, notebook shipments totaled 5.9 million units, down 13.2% quarterly and 15.7% annually.

Compal told CNA that benefiting from end-of-quarter inventory pulls and clients pulling orders ahead of schedule, the 13.2% quarterly drop in Q1 notebook shipments was better than the 15% to 20% decline previously estimated at its institutional investor conference. Non-PC products saw substantial growth in the first quarter, primarily because server revenue experienced triple-digit quarterly growth, and smart devices saw double-digit quarterly growth. New business ventures, such as 5G and automotive electronics, also grew in the first quarter.

Looking ahead to the second quarter, Compal noted that PC products have the opportunity to sustain growth momentum, while servers will continue to grow significantly. Overall operational performance is expected to be better than in the first quarter. (Editor: Yang Lan-hsuan) 1150409