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KingSlide Shares Tumble Nearly 9% Despite Record-Breaking August Revenue
Electronic Technology · Computer Peripherals · cnyes · 2026-09-08
2059
Server rail manufacturer KingSlide reported a 344% year-on-year revenue surge for August, yet shares faced heavy profit-taking pressure in intraday trading.
What Happened
Revenue Performance: KingSlide reported August revenue of NT$6.47 billion, marking a 344.4% year-on-year increase and setting a new historical record. The cumulative revenue for the first eight months reached NT$29.15 billion, driven primarily by the ramp-up of new AI server product shipments.
Market Reaction: Despite the strong fundamentals, the stock faced significant profit-taking pressure on the 8th. After an initial spike, the share price plummeted, dropping nearly 9% to an intraday low of NT$12,670 and breaking through both the 5-day and 20-day moving averages.
Analyst Outlook: Foreign institutional investors noted that KingSlide's August performance met expectations, with quarterly revenue already reaching 66% of their Q3 forecasts. Analysts remain optimistic about the company's long-term prospects, citing sustained strong demand from Cloud Service Providers (CSPs).
Future Outlook: While the stock experienced a sharp short-term correction, market observers suggest the underlying growth drivers remain intact. Investors are advised to monitor support levels near key moving averages as the company continues to benefit from the AI server infrastructure boom.
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