Core Viewpoint - The company reported strong financial performance in FY26Q1, with significant revenue and profit growth across all business segments, driven by AI and high-end product sales [4][5][6]. Group 1: Financial Performance - The company's revenue for FY26Q1 reached $18.83 billion, representing a year-on-year increase of 22% and a quarter-on-quarter increase of 11%, exceeding Bloomberg consensus expectations of $17.56 billion by approximately 7% [4]. - The net profit attributable to shareholders was $505 million, up 108% year-on-year and 461% quarter-on-quarter, also surpassing Bloomberg consensus expectations of $351 million by about 44% [4]. - Adjusted net profit under non-Hong Kong Financial Reporting Standards was $389 million, reflecting a year-on-year increase of 22% and a quarter-on-quarter increase of 40% [4]. Group 2: IDG Business (Intelligent Device Group) - IDG business revenue was $13.459 billion, up 18% year-on-year and 14% quarter-on-quarter, benefiting from increased AI PC penetration and rapid growth in high-end product sales [5]. - PC revenue increased by 20% year-on-year, marking the highest growth rate in 15 quarters, with a market share of 24.6%, up 1.7 percentage points year-on-year [5]. - Smartphone revenue rose by 14%, driven by AI-enabled smartphones, achieving a historical high market share outside China, with foldable phones leading at 51% market share [5]. Group 3: ISG Business (Infrastructure Solutions Group) - ISG business revenue reached $4.290 billion, up 36% year-on-year and 4% quarter-on-quarter, with AI infrastructure revenue more than doubling, increasing by 155% year-on-year [6]. - The demand for AI servers is strong, with the global server market expected to grow by 44.6% year-on-year in 2025, indicating continued high growth potential for the company's AI infrastructure business [6]. - Revenue from cloud infrastructure, enterprise infrastructure, and liquid cooling solutions grew by 36%, 35%, and 30% year-on-year, respectively [6]. Group 4: SSG Business (Solutions Services Group) - SSG business revenue reached $2.258 billion, up 20% year-on-year and 5% quarter-on-quarter, with an operating profit margin of 22.18%, an increase of 1.17 percentage points year-on-year [8]. - Support services revenue grew by 12%, while operations and maintenance services and project solutions revenue increased by 36% and 18% year-on-year, respectively, together accounting for 58% of SSG's total revenue [8]. - The rapid growth of the TruScale IaaS service model and $3.5 billion in deferred revenue for FY26Q1 provide high visibility for continued growth in the SSG business [8].