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Taiwanese designer/maker of cloud servers and AI server racks, spun off from Wistron; major Nvidia/hyperscaler supplier.
Taiwanese designer/maker of cloud servers and AI server racks, spun off from Wistron; major Nvidia/hyperscaler supplier.
Builds servers to the specifications cloud companies publish, often to Open Compute Project designs, and is paid per server and per rack shipped, with a few large customers accounting for most orders. Wistron is its largest shareholder. Its shift from individual servers to full racks that include networking and liquid cooling raises the value of each order.
In one line: Taiwan's Super Micro Computer.
Moat: narrow (switching costs, process know-how, customer qualification). Deep design/manufacturing integration with hyperscalers' custom server specs and Nvidia GPU platforms.
Headquarters: New Taipei City, Taiwan · Founded: 2012
Size Wiwynn (6669.TW) is a Taiwan Information Technology company (Data Processing Services) with a market value of $26.3B, the 19th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$7,800 on 6 Nov 2026.
Performance Over six months the shares gained 100.7%, against +25.7% for the median peer and -3.4% for the Taiwan market (cap-weighted) — highest of 8 in its peer set.
Growth Revenue grew 84.2% over the last twelve months (peer median +8.0%); the operating margin is 6.6% (peer median 15.6%).
Valuation It trades at 9.6× forward earnings against a peer median of 23.3× (cheapest of 7).
Capital Return on invested capital runs 19.3 points above its cost of capital (7.8% WACC).
Credit Wiwynn has 1 bond outstanding ($1.56B).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$1.11T | NT$951B | NT$361B | NT$242B | NT$293B |
| Revenue growth | — | +164% | +49% | -17% | — |
| Gross profit | NT$90.8B | NT$78.0B | NT$37.0B | NT$22.4B | NT$23.7B |
| EBITDA | NT$77.1B | NT$66.6B | NT$30.1B | NT$16.9B | NT$18.6B |
| Net income | NT$58.3B | NT$51.1B | NT$22.8B | NT$12.0B | NT$14.2B |
| Free cash flow | -NT$64.6B | -NT$14.3B | -NT$24.9B | NT$18.1B | NT$29.3B |
| Capital expenditure | NT$19.7B | NT$13.9B | NT$5.11B | NT$5.00B | NT$1.93B |
| Total debt | NT$166B | NT$104B | NT$32.1B | NT$12.8B | NT$10.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Wiwynn 6669.TW | $26.3B | +101% | +84% | 7% | 9.6× | n/a |
| Quanta Computer 2382.TW | $36.0B | -10% | +63% | 3% | 10.1× | n/a |
| Hon Hai Precision Industry 2317.TW | $95.6B | -3% | +25% | 4% | 10.5× | n/a |
| Supermicro SMCI | $18.9B | -19% | +156% | 9% | 4.8× | n/a |
| Dell Technologies DELL | $209B | +26% | +49% | 10% | 11.6× | 10.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6669.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +31.6% | -7.0% | highest of 8 |
| 6-month return | +100.7% | +25.7% | highest of 8 |
| Distance from 52-week high | 0.0% | -24.6% | highest of 8 |
| Revenue growth (TTM) | +84.2% | +8.0% | highest of 8 |
| Operating margin | 6.6% | 15.6% | 2nd lowest of 8 |
| Forward P/E | 9.6× | 23.3× | cheapest of 7 |
| ROIC minus cost of capital | +19.3 pp | -1.1 pp | 3rd highest of 7 |
| EV / EBITDA | 12.3× | 14.4× | 2nd cheapest of 6 |
| Net debt / EBITDA | 1.0× | 1.1× | 3rd least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wiwynn 6669.TW | Taiwan | $26.3B | +101% | +84% | 7% | 9.6× | n/a | n/a |
| Tyler Technologies TYL | United States | $16.7B | +30% | +8% | 16% | 28.1× | 22.9% | +15.9% |
| NTNX NTNX | United States | $15.9B | +27% | +12% | 11% | 25.0× | 23.0% | +15.4% |
| Range Intelligent Computing Technology 300442.SZ | China | $14.1B | -35% | +51% | 36% | 34.4× | n/a | n/a |
| GoDaddy GDDY | United States | $13.9B | +26% | +7% | 26% | 12.9× | -2.2% | +8.4% |
| LTM LTM.NS | India | $13.6B | +2% | +15% | 16% | 21.6× | 23.8% | +27.9% |
| Akamai Technologies AKAM | United States | $11.9B | -44% | +6% | 12% | 12.8× | 17.0% | +5.6% |
| SWI Capital SWICH.AS | Netherlands | $6.61B | +88% | -33% | -54% | n/a | n/a | n/a |
Wiwynn has 1 bond outstanding with $1.56B face value.