Synnex announced its March and first-quarter 2026 revenue results. Supported by strong AI-driven demand, the Enterprise Solutions and Semiconductor businesses together exceeded NT$20 billion in March, driving consolidated revenue to NT$56.1 billion, up 64% year over year and setting a new all-time monthly record. First-quarter revenue reached NT$126.3 billion, also a record high for a single quarter, representing a 38% increase from a year earlier.
From a business segment perspective, all four core businesses recorded growth in both March and the first quarter. The Enterprise Solutions business generated NT$23.2 billion in March and NT$43.8 billion for the first quarter, both at record highs, with year-over-year growth of 132% and 63%, respectively. Growth was driven by expanding AI adoption, fueling demand for data center-related products, including AI servers, storage Chsystems, and networking equipment. Cloud software services also reached a record quarterly high, growing nearly 40% year over year in the first quarter.
The Semiconductor business benefited from the AI infrastructure build-out and restocking of memory, SSDs, and HDDs. Both March and first-quarter revenues reached record highs, with first-quarter revenue surpassing NT$50 billion for the first time to NT$50.8 billion, up 42% year over year.
In the end-consumer market, despite raw material shortages and rising prices, the IT Consumer business grew close to 10% year over year in the first quarter, reaching NT$28.2 billion with PC products rising by over 30%. Meanwhile, the Mobile Device business increased 22% year over year to NT$6.3 billion, marking its highest level for the same period since 2018.
From a regional perspective, Taiwan, Mainland China, and Indonesia delivered the strongest performances. Taiwan posted record-high quarterly revenue, up 81% year over year. Mainland China continued its recovery, with first-quarter revenue rising 47% year over year, the highest for the same period since 2013. Indonesia maintained strong growth momentum, delivering its eighth consecutive quarter of record highs, with 20% growth.
Looking ahead, as AI applications continue to expand, Synnex will capture opportunities as adoption extends from the cloud to enterprise and edge applications. To address diverse use cases, the company established an “AI Application Acceleration Platform” earlier this year, integrating solution providers and system integrators to build a comprehensive AI ecosystem. The platform now includes over 20 partners and 100+ application scenarios, enabling efficient, time-saving, and low-barrier deployment. This is expected to accelerate AI adoption and support sustained revenue growth.