Ezun Reports H1 EPS of NT$7.57! LY2 Customers Accelerate Onboarding from June, Targeting 80% Occupancy by Year-End and Gross Margin Over 50% for Full Year

Driven by the global wave of artificial intelligence (AI) infrastructure investment, Taiwan-based IDC and cloud service provider Ezun Telecom (6561) today (29th) released its financial report for the first half of 2026. Benefiting from steady expansion across its two core product lines, the company recorded cumulative consolidated revenue of NT$2.03 billion and earnings per share (EPS) of NT$7.57 in the first half. Second-quarter revenue reached NT$1.04 billion, with EPS at NT$3.88, both showing sequential growth, indicating sustained business momentum. With market-watched delays in customer onboarding at the LY2 smart data center now fully resolved, occupancy rates have significantly rebounded since June and are now materially contributing to monthly revenue. This marks the company’s exit from the short-term burden of equipment depreciation expenses in the first half and signals a strong operational turnaround in the second half. Reviewing first-half operational details, revenue from Ezun’s cloud application services reached NT$351 million, up 10.5% year-on-year, while IDC facility services generated NT$895 million—both serving as key engines driving performance. The overall average gross margin for the first half was 48.6%, primarily due to full monthly depreciation of LY2 data center equipment starting in January 2026, coupled with high base effects from one-time revenues in the same period last year. However, amid global tech giants expanding AI capital expenditures—Alphabet’s cloud business surged 82% in Q2—global capital spending by the top nine CSPs is projected to reach USD 830 billion in 2026, up 79% year-on-year. Against this backdrop, Ezun Chairman Shao Hong-Jia expressed strong confidence in the outlook, stating, “With new customers accelerating onboarding and the proportion of high-margin services rising, we aim to maintain full-year gross margins above 50%. Our operations will show continuous quarterly improvement, with the second half significantly outperforming the first.” Regarding capacity fill progress, CEO Liu Yao-Yuan further explained: “With onboarding delays at the market-anticipated LY2 smart data center now eliminated, customer occupancy has clearly warmed up since June and begun materially contributing to monthly revenue. We expect LY2’s occupancy rate to reach 80% by year-end, with further increases in 2027 and beyond, becoming a strong driver for mid-to-long-term revenue and profitability.” Beyond LY2, Ezun’s new data center in the Zhongke Huwei Park in central-southern Taiwan is scheduled to break ground in mid-October 2026, with commercial operations planned for the second half of 2028. Although construction has not yet begun, the facility has already secured over 50% in letters of intent (LOIs) for leasing, driven by explosive demand for cross-border computing power and异地 backup solutions—demonstrating urgent market demand for high-performance AIDC facilities. To further extend its long-term growth curve, Ezun is expanding its strategic reach into cross-border cooperation across the Asia-Pacific region. Senior Vice President Chang Lin-Dong recently led a delegation to visit the Ishikari Data Center in Hokkaido, Japan, and successfully met with Hokkaido Vice Governor Mitsuhashi Tsuyoshi. Ezun plans to directly connect Taipei and Hokkaido via ultra-high-speed international networks, aiming to build an 'Asia AI Compute Corridor' and actively attract multinational AI computing operators and enterprises requiring异地 backup services, thereby establishing a new strategic frontier in cross-border AIDC. Looking ahead, Ezun not only operates Taiwan’s largest Internet Exchange (TIX) and boasts globally distributed outbound bandwidth but also holds international high-standard certifications such as ISO 27001 and DCOS for information security and data center operations—building a solid competitive moat. With the dual engines of LY2’s accelerating onboarding and the upcoming construction of the Zhongke Huwei facility, Chairman Shao expressed optimism: 'We are poised to enter a high-growth phase over the next five years!' Amid the expanding global AI ecosystem, Ezun’s annual revenue and profitability are highly likely to reach new historical highs.