Quanta AI Server Racks Ramping Up

Goldman Sachs maintains a Neutral rating on Quanta (2382.TW) as it navigates 3Q26 AI server model transitions and softening PC demand. While the long-term outlook for AI server racks remains positive, analysts favor Hon Hai for better R&D capacity.

Key Takeaways

• 1.Quanta's May revenue declined 8% MoM due to customers pulling forward PC orders; 3Q26 growth expected to face headwinds from AI server model transitions.
• 2.Management maintains a Neutral rating as it prefers Hon Hai for its superior specification migration capabilities and R&D support.

Table of Contents

• Earnings revision
• Disclosure Appendix

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