Asbis Enterprises, an IT distributor based in Limassol, is shifting its business focus toward data centers and AI infrastructure. This pivot follows a significant rise in the company's stock, which has climbed approximately 476% on the Warsaw Stock Exchange in 2026, pushing its market capitalization above $2.5 billion.
Financial results for the second quarter of 2026 show revenue of $1.69 billion, a 79% increase year-over-year, and a record net income of $44.3 million. For the first half of 2026, the company reported revenue of $2.97 billion and a net profit of $80.6 million.
The servers and server blocks segment generated $723.4 million in the second quarter, accounting for 43% of total revenue and marking a 285% growth compared to the previous year. Estimated revenue for August 2026 reached $604 million, representing a 91% year-over-year increase.
The company currently maintains a server pipeline valued at $860 million. However, Asbis remains heavily dependent on a single vendor, as approximately 80% of its server-related revenue is tied to NVIDIA products, making the distributor sensitive to the supplier's pricing and product cycles.
