# Who are Gigabyte Technology's customers? Who does Gigabyte Technology earn revenue from?
Canonical: https://valuechain.wiki/gigabyte · Facet: customers · Updated: 2026-07-12T04:30:28.774+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Gigabyte Technology's confirmed revenue counterparties include Nebius (GB200/GB300 AI-server customer) plus 2 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 3 revenue edges, backed by 6 dated sources, 1 of them primary filings (as of 2026-07-12).

### 하이퍼스케일러·네오클라우드 (AI 서버) (high)
- metric: Amount NT$208.9B · FY2025 서버(추정 62%)
- note: The growth engine that rewrote the revenue mix — subsidiary Giga Computing ships NVIDIA GB200/Blackwell HGX and NVL72 systems to hyperscalers and neoclouds, making servers 62% of FY2025 revenue (~NT$208.9bn), with AI servers 80%+ of that (rising to 70% of revenue in Q1 2026). Orders are booked through end-2026 for high visibility, but shipments are gated by NVIDIA GPU allocation and the pace of capacity expansion.
- [mentions] Analyst consensus (9 firms) (EN, research, published 2026-04-01) https://stocksguide.com/en/forecast/Gigabyte-Technology-TW0002376001: "Analyst consensus Buy, target ~NT$419"
- [confirms] BigGo Finance (EN, news, published 2026-03-15) https://finance.biggo.com/news/fd2I7ZwBh5an-7GhvhO9: "FY2025 record revenue NT$336.9bn (+27%); servers 62% of revenue, AI servers 80%+ of servers"
- [confirms] ETNews (KO, news, published 2025-12-30) https://www.etnews.com/20251230000314: "10-month revenue NT$283.2bn, AI-server contribution ~NT$170bn; Giga Computing expanding"
- [confirms] Taiwan News (EN, news, published 2025-11-17) https://www.taiwannews.com.tw/news/6245735: "AI-server orders booked through end-2026, seen driving double-digit growth"
- [confirms] GIGABYTE official financial report (TWSE 2376) (EN, filing, published 2025-05-15) https://www.gigabyte.com/FileUpload/Global/SiteMap/134/images/FinancialReport-2025Q1-en.pdf: "Official consolidated financials: the server business is the largest driver of revenue growth"

### DIY·게이밍 소비자 (메인보드·그래픽카드) (high)
- metric: Amount NT$128B · FY2025 메인보드·그래픽카드(추정 38%)
- note: The legacy PC-component axis — motherboards and graphics cards were ~38% of FY2025 revenue (~NT$128bn). The center of gravity has shifted to servers, but the AI/high-performance boom also pulled DIY and gaming GPU-card demand, so this business still added to growth.
- [confirms] BigGo Finance (EN, news, published 2026-03-15) https://finance.biggo.com/news/fd2I7ZwBh5an-7GhvhO9: "Motherboards, graphics cards and servers all grew together on AI demand"

### Nebius (GB200/GB300 AI 서버 고객) (mid)  → /nebius.md
- note: A named flagship customer — Gigabyte supplies GB200 (and follow-on GB300 NVL72) servers to European neocloud Nebius (shipments began March 2025). It illustrates how emerging 'neoclouds' selling GPU rental, beyond hyperscalers, are a new demand axis for Gigabyte's AI servers.
- [mentions] ETNews (KO, news, published 2025-12-30) https://www.etnews.com/20251230000314: "GB300 NVL72 to ship to a European neocloud in Q1 next year"
- [confirms] DigiTimes (EN, news, published 2025-02-24) https://www.digitimes.com/news/a20250224PD212/nvidia-asus-gigabyte-ai-server-supply.html: "Gigabyte GB200 order from Nebius, shipping March."

Reverse side: https://valuechain.wiki/gigabyte/suppliers.md · Ripple: https://valuechain.wiki/gigabyte/ripple.md

---
Full node: https://valuechain.wiki/gigabyte.md · JSON: https://valuechain.wiki/gigabyte.json