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Elite Electric Reports Record Eight-Month Revenue with Backlog Exceeding NT$13 Billion
Producer Manufacturing · Electrical Products · economic_daily · 2026-09-10
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Elite Electric's cumulative revenue for the first eight months hit a record high, supported by strong demand from semiconductor expansion and AI data centers.
What Happened
Record Revenue Growth: Elite Electric reported August revenue of NT$773 million. Despite a year-on-year decline due to a high comparison base from the previous year, the company's cumulative revenue for the first eight months reached NT$7.043 billion, a 7.94% increase, marking a new historical high for the period.
Strong Order Backlog: The company's order backlog has surpassed NT$13 billion, setting a new record. With new orders consistently exceeding sales by over 30%, Elite Electric is well-positioned for sustained growth in the heavy electrical equipment market.
Key Growth Drivers: Elite Electric's growth is fueled by three main pillars: grid resilience projects, semiconductor facility expansions, and AI data center infrastructure. The semiconductor sector has been particularly strong, contributing to a 90% revenue growth in that segment and now accounting for a larger share of the backlog than Taipower projects.
AI Market Expansion: The company is actively capturing opportunities in the AI data center space, having completed projects for Chunghwa Telecom and securing new orders from international firms and NVIDIA-affiliated subsidiaries. AI-related sales have grown by 100% this year, serving as a critical engine for the company's long-term development.