Asbis Enterprises spent years as the kind of company most investors scrolled past. It distributes IT hardware across Europe, the Middle East and Africa.
Then AI showed up. Now the Limassol-based distributor is steering its business toward data centers and AI infrastructure.
Shares listed on the Warsaw Stock Exchange have climbed approximately 476% in 2026. That surge has pushed the company’s market capitalization above $2.5 billion.
The numbers behind the rally
In the second quarter of 2026, Asbis posted revenue of $1.69 billion, up 79% from the same period a year earlier.
Net income hit a record $44.3 million for the quarter, a 265% jump year over year.
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Revenue for the first half of 2026 reached $2.97 billion, a 76% increase, while net profit came in at $80.6 million.
The servers and server blocks segment brought in $723.4 million in the second quarter, which works out to 43% of total revenue. That segment grew 285% year over year.
NVIDIA GPU servers made up approximately 80% of server sales in the quarter.
Estimated revenue for August 2026 reached $604 million, a 91% increase from a year earlier.
From smartphones to server racks
Asbis built much of its business on more familiar product lines, including smartphones. AI-related infrastructure has taken over as the primary growth engine.
NVIDIA named Asbis a “Star Performer” for Eastern Europe in 2026.
In September 2026, Asbis received the AMD Datacenter Peak Explorer Award.
Management has pointed to incoming orders from several regions, including Western Europe, as evidence that AI demand has staying power. The company also reports a server pipeline valued at $860 million.
What this means for Asbis and its shareholders
Roughly four out of five server dollars depend on NVIDIA products, so Asbis is effectively tied to the supply, pricing and product cycles of a single vendor.
Watch monthly revenue estimates, how much of the $860 million pipeline converts into actual sales, and whether server revenue keeps growing as a share of the total.
Also worth watching is whether demand from Western Europe, which management has flagged, becomes a meaningful contributor.
Disclosure: This article was edited by Diego Almada Lopez. For more information on how we create and review content, see our Editorial Policy.