AI Computing Power Drives Structural Boom in PCB Industry as Companies Expand High-End Capacity

With the release of Q3 2026 reports wrapping up, divergence within the PCB (printed circuit board) industry has become more pronounced. According to data from the Choice financial terminal, of the 213 PCB companies in the sector, 145 reported improved results. Among them, 126 posted year-on-year growth in net profit attributable to shareholders, 12 swung from losses to profits, and 7 narrowed their losses. Meanwhile, 68 companies faced performance pressure, highlighting the sector's pronounced structural market trends. Ho Jiyong, deputy secretary-general of the Heilongjiang Securities Research Association and director of the Yanji Space Intelligence and Livelihood Research Center, told reporters that, unlike the lackluster recovery in the consumer electronics and traditional general industrial equipment PCB segments, demand for high-end PCBs used in AI servers and high-speed switches has continued to grow this year, driving profit growth at related companies and gradually moving the industry into a structural market phase. Against this backdrop, listed companies along the supply chain are avoiding involution in low-end capacity and actively investing in PCB capacity for high-end computing power applications. (Securities Times)