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Accton Revenue Hits New High, Shares Surge to Daily Limit
Electronic Technology · Computer Communications · economic_daily · 2026-11-09
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Network equipment manufacturer Accton Technology reported record-breaking October revenue, driving its stock price to the daily limit.
What Happened
Revenue Performance: Accton Technology reported a record-breaking consolidated revenue of NT$44.66 billion for October, a 10.6% monthly increase and a 91.2% year-on-year jump. This marks the third consecutive month that revenue has exceeded the NT$40 billion threshold, bringing the year-to-date total to NT$331.07 billion.
Market Reaction: Driven by the strong financial results, Accton's stock price surged to the daily limit, closing at NT$1,405. Despite a significant correction from its mid-year highs, investor sentiment has turned bullish following the latest revenue announcement.
Analyst Outlook: US-based analysts noted that while potential equity dilution from fundraising remains a factor, the impact is expected to be minimal. Analysts maintain an "Overweight" rating with a price target of NT$3,500, citing expectations for continued quarterly growth in both revenue and gross margins through Q4.
Future Prospects: Market observers anticipate that stable demand from major clients and the rollout of new products will drive Accton to achieve a new quarterly revenue record in Q4. The company's focus on technological innovation and product mix optimization remains a key driver for its long-term growth trajectory.