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Zhen Ding Technology Holding Limited, a global leading PCB manufacturer, reported May 2026 revenue of NT$16,201 million, up 37.40% YoY and 6.61% MoM, again setting a record high for the same period in the company's history. For January through May 2026, cumulative revenue reached NT$72,126 million, up 10.18% YoY, also marking a record high for the same period. The performance reflects continued expansion in the company's revenue scale, driven by robust demand for high-end AI applications.
According to Zhen Ding, May revenue reached the highest monthly level so far this year and delivered strong YoY growth, supported by growth across all four major product applications. Among them, rising order momentum for high-end AI-related products drove the most significant growth in the server/optical module segment, with revenue increasing nearly 250% YoY, followed by the IC substrate business, with revenue up nearly 80% YoY. Both segments set new single-month record highs. For the first five months of the year, server/optical module and IC substrate revenue together accounted for more than 21% of total revenue, underscoring that the company's strategic transition from its traditional focus on consumer electronics toward the full AI value chain is gradually bearing fruit.
NVIDIA MGX™ Ecosystem Partnership
In addition, Zhen Ding recently announced that it has officially joined the NVIDIA MGX™ ecosystem. Leveraging its core PCB technologies in high-layer-count and high-speed transmission applications, the company is supporting the key requirements of the third-generation MGX system architecture, including high-density, modular, and cable-free designs. According to Zhen Ding, joining the NVIDIA MGX ecosystem not only represents strong international recognition of the company's advanced PCB technology, product reliability, and mass production capabilities, but also underscores its deepening role as a key enabler within the global AI computing supply chain.
Outlook for 2026
Looking ahead, Zhen Ding expects 2026 to mark the beginning of a new growth cycle, supported by sustained demand for AI computing, the continued ramp-up of high-end products for global customers, and the ongoing build-out of new capacity. The company targets its server/optical module revenue to more than double this year and has further raised its IC substrate revenue growth target to 80%+ YoY. Meanwhile, as Zhen Ding continues to upgrade its operating structure toward higher technological barriers, higher value-added applications, and a more favorable product mix, the company expects both its overall revenue scale and profitability to improve in tandem.
