Delta Electronics Inc. announced robust financial results for October 2025, with sales reaching NT$57.4 billion. This figure marks a substantial 48% increase compared to the same period last year (YoY) and a slight 1% rise from the previous month (MoM). Notably, it also surpasses the average monthly sales in the third quarter of 2025, which stood at NT$50.1 billion, by 15%.
The company’s cumulative sales for the first ten months of 2025 totaled NT$450.7 billion, representing a strong 30% year-on-year increase. According to Kasikorn Securities, these impressive results highlight the positive momentum for DELTA Thailand, signaling a strong growth outlook for the final quarter of this year. Management has guided for over 20% quarter-on-quarter growth in top-line revenue for the fourth quarter of 2025.
Key growth drivers identified by Kasikorn Securities include increased capital expenditure in data centers by hyperscaler clients and the scaling up of production at DELTA’s newly established facilities in Wellgrow. These two sites are expected to play a pivotal role in supporting the relocation of orders from Taiwan, further solidifying DELTA’s competitive position.
Despite these promising developments, Kasikorn Securities has maintained a ‘Neutral’ rating on Delta Electronics (Thailand) Public Company Limited (SET: DELTA), with an unchanged target price of THB 245. The brokerage expects that the fourth quarter of 2025 will yield record-high earnings for DELTA, fueled by robust top-line growth and gross profit margin (GPM) expansion resulting from a favorable product mix.
